Kheria Autocomp
Kheria Autocomp is a prominent auto ancillary unit specializing in plastic injection moulding. The company manufactures interior cabin trims, exterior plastic parts, and HVAC ducts for both internal combustion engine and electric vehicles (EVs).
Price Band
₹96 - ₹101
Lot Size
2400 Shares
Issue Size
₹46.44 Cr
Fresh Issue
₹46.44 Cr
OFS
N/A
Registrar
AI Sentiment Score
Current GMP
₹0
Est. Listing: ₹101 (0%)
📅 IPO Timeline
1
Open
Sep 17
2
Close
Sep 21
3
Allotment
Sep 22
4
Refund
Sep 23
5
Demat
Sep 23
6
Listing
Sep 24
✨ AI Analysis & Prediction
+2.0%
predicted listing gain
The predicted gain is driven by strong financial growth (ROE 33.72%) and a scarcity squeeze due to the small float size of ₹46.44 Cr. While institutional demand is currently neutral (0.0x), the 100% fresh issue structure indicates promoter confidence and growth intent, outweighing the lack of early GMP.
💪 Strengths
- Strong growth in PAT and Revenue over 3 years
- Exposure to both ICE and EV vehicle segments
- High ROE (33.72%) and ROCE (26.89%)
⚠️ Weaknesses
- Tier-II supplier position creates dependency on Tier-I partners
- Relatively small scale compared to larger listed peers
🚀 Opportunities
- Expansion into new manufacturing facility at GIDC Sanand
- Growing demand for lightweight plastic components in EVs
🛡️ Threats
- Cyclical nature of the automotive industry
- Intense competition in the plastic injection moulding sector
🎯 Objectives of the IPO
| Requirement / Purpose | Amount (₹ Cr) |
|---|---|
| Part funding of capital expenditure for setting up of new manufacturing facility for plastic moulded auto components at GIDC Sanand Industrial Park; and | ₹39.95 |
| General Corporate Purpose* | ₹6.49 |
📊 Financial Overview
| Metric | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue (₹ Cr) | Rs 62.40 Cr | Rs 92.31 Cr | Rs 120.30 Cr |
| Net Profit / PAT (₹ Cr) | Rs 3.31 Cr | Rs 8.24 Cr | Rs 11.42 Cr |
| Total Assets (₹ Cr) | Rs 53.14 Cr | Rs 81.79 Cr | Rs 106.23 Cr |
| ROE % | NA | NA | 33.72% |
| ROCE % | NA | NA | 26.89% |
| Debt / Equity | NA | NA | 0.89 |
Debt/Equity
0.89
📋 Live Subscription Status
QIB
0.00x
NII
0.00x
Retail
0.00x
Total
0.00x
Updated: Sep 12, 2026 8:04 AM
💼 Reservation Quota
QIB
19.00%
Retail
33.25%
NII
14.25%
📈 Shareholding & Anchor Lock-In
🔗 Important Links & Lead Managers
- Check Allotment StatusCheck Now →
- Registrar WebsiteVisit →
- Download DRHP ProspectusDownload PDF 📥
- Download RHP ProspectusDownload PDF 📥
Lead Managers / Merchant Bankers
This issue is managed by Hem Securities Ltd., and Share India Capital Services Pvt. Ltd.
Disclaimer: The information provided on this page is for educational and informational purposes only and does not constitute financial advice. IPO investments are subject to market risks. AI-generated analysis is based on publicly available data and may not be accurate. Grey Market Premium (GMP) is unofficial and highly speculative. Always consult a qualified financial advisor and read the DRHP/RHP carefully before making investment decisions.
Established in 2009, Kheria Autocomp has evolved into a significant player in the automotive ancillary sector, specifically focusing on plastic injection moulding and sub-assembly operations. The company operates as a Tier-II supplier, providing critical plastic components to Tier-I companies, which then supply the original equipment manufacturers (OEMs).
The company's product portfolio is diversified to cater to modern automotive needs, including interior cabin trims, exterior plastic components, under-hood parts, and heating, ventilation, and air-conditioning (HVAC) ducts. Notably, the company has positioned itself for the future of mobility by supplying components for both traditional internal combustion engine vehicles and electric vehicles (EVs).
Operationally, the company maintains a manufacturing facility in Sanand, Gujarat, spanning 3 acres. This facility is well-equipped with 30 injection moulding machines with capacities ranging from 120 to 1,700 tons, allowing for a wide variety of component production scales.
The business is steered by its promoters, including Tara Chand Kheria, Vinay Kheria, Sushma Kheria, and Santosh Devi Kheria, who have built the firm from a specialized unit into a scalable industrial supplier within the Gujarat automotive hub.
Kheria Autocomp is launching a book-build issue to raise approximately ₹46.44 Crores, consisting entirely of a fresh issue of equity shares. The IPO is priced with a band of ₹96 to ₹101 per share, with a minimum retail lot size of 2,400 shares requiring an investment of ₹2,42,400. The issue opens on September 17, 2026, and closes on September 21, 2026, with listing scheduled for September 24, 2026, on the NSE SME platform.
The proceeds from the fresh issue are primarily earmarked for capital expenditure, specifically for setting up a new manufacturing facility for plastic moulded auto components at the GIDC Sanand Industrial Park, with ₹39.95 Crores allocated for this purpose, alongside general corporate purposes.
Financial performance shows a strong upward trajectory. Revenue grew from ₹62.40 Crores in 2024 to ₹92.31 Crores in 2025, reaching ₹120.30 Crores in 2026. Similarly, PAT increased from ₹3.31 Crores in 2024 to ₹8.24 Crores in 2025, and ₹11.42 Crores in 2026, demonstrating consistent profitability growth.
From a valuation perspective, the company boasts a healthy ROE of 33.72% and ROCE of 26.89%. With an EPS of ₹10.15, the company shows strong efficiency, though a direct P/E comparison with peers like Machino Plastics and PPAP Automotive indicates a competitive positioning in the SME auto-component space.
Investment strengths include the 100% fresh issue structure, which avoids promoter offloading (OFS), and exposure to the EV segment. However, risks include the company's status as a Tier-II supplier, which makes it dependent on Tier-I company contracts and OEM demand cycles.
Overall, the IPO presents a growth-oriented opportunity for investors seeking exposure to the automotive ancillary sector in Gujarat, backed by improving margins and strategic capacity expansion.