Kheria Autocomp IPO is a Book Built SME public issue of Kheria Autocomp Limited. The IPO comprises a fresh issue of equity shares and does not include an Offer for Sale component. The equity shares are proposed to be listed on the NSE Emerge platform of the National Stock Exchange of India.
The Kheria Autocomp IPO comprises 45,98,400 equity shares. The price band is fixed at ₹96 to ₹101 per equity share with a face value of ₹10 per share. At the upper price band, the total issue size is approximately ₹46.44 crore. The IPO is scheduled to open on 17 September 2026 and close on 21 September 2026.
Kheria Autocomp Limited is an auto ancillary company engaged in plastic injection moulding and sub-assembly operations. The company primarily supplies plastic moulded components to Tier-I automotive suppliers, which in turn supply to original equipment manufacturers. Its products are used in passenger vehicles powered by both internal combustion engines and electric vehicles.
The company manufactures interior cabin trims, exterior plastic parts, under-hood components and HVAC ducts. Its manufacturing facility is located at Tata Vendor Park in Sanand, Gujarat, and covers approximately three acres. The facility has 30 injection moulding machines with capacities ranging from 120 tons to 1,700 tons and an installed capacity of 5,400 MTPA as of FY2026.
Kheria Autocomp has reported strong financial growth during FY2024 to FY2026. Revenue from operations increased from ₹62.32 crore in FY2024 to ₹120.01 crore in FY2026, while profit after tax increased from ₹3.31 crore to ₹11.42 crore during the same period.
Investors should evaluate the company’s customer concentration, proposed capacity expansion, financial performance, valuation, industry conditions and other associated risks before making an investment decision.
Table of Contents
Kheria Autocomp IPO Details Information
| Particulars | Details |
|---|---|
| IPO Name | Kheria Autocomp IPO |
| Company Name | Kheria Autocomp Limited |
| IPO Type | Book Built Issue |
| IPO Category | SME IPO |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹96 to ₹101 Per Share |
| Issue Size | ₹46.44 Crore |
| Fresh Issue | 45,98,400 Equity Shares |
| Offer for Sale | Nil |
| IPO Open Date | 17 September 2026 |
| IPO Close Date | 21 September 2026 |
| Anchor Investor Bidding | 16 September 2026 |
| Basis of Allotment | 22 September 2026 |
| Refund Initiation | 23 September 2026 |
| Shares Credited to Demat Account | 23 September 2026 |
| Listing Date | 24 September 2026 |
| Listing Exchange | NSE SME |
| Lot Size | 1,200 Equity Shares |
| Registrar | KFin Technologies Limited |
| Book Running Lead Manager | SMC Capitals Limited |
The issue includes a market maker reservation of 2,30,400 equity shares, leaving a net issue of 43,68,000 equity shares for public investors. The RHP states that the equity shares are proposed to be listed on NSE Emerge and that NSE is the designated stock exchange for the issue.
Kheria Autocomp IPO Dates
| IPO Event | Date |
|---|---|
| Anchor Investor Bidding | 16 September 2026 |
| IPO Opening Date | 17 September 2026 |
| IPO Closing Date | 21 September 2026 |
| Basis of Allotment | 22 September 2026 |
| Refund Initiation | 23 September 2026 |
| Shares Credited to Demat Account | 23 September 2026 |
| Listing Date | 24 September 2026 |
The IPO timetable provides for anchor bidding one working day before the public issue opens. The basis of allotment is scheduled for 22 September 2026, followed by refunds and demat credit on 23 September 2026 and listing on 24 September 2026.
Kheria Autocomp IPO Reservation
| Investor Category | Reservation |
|---|---|
| Qualified Institutional Buyers (QIB) | Not More Than 50% |
| Non-Institutional Investors (NII) | Not Less Than 15% |
| Retail Individual Investors (RII) | Not Less Than 35% |
The reservation is based on the net issue after excluding the market maker reservation. The RHP provides for up to 50% for QIBs, at least 15% for NIIs and at least 35% for Individual Investors, subject to valid bids received at or above the issue price.
Kheria Autocomp IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 Lots | 2,400 Shares | ₹2,42,400 |
| Retail Maximum | 2 Lots | 2,400 Shares | ₹2,42,400 |
| S-HNI Minimum | 3 Lots | 3,600 Shares | ₹3,63,600 |
| S-HNI Maximum | 8 Lots | 9,600 Shares | ₹9,69,600 |
| B-HNI Minimum | 9 Lots | 10,800 Shares | ₹10,90,800 |
The application amounts are calculated using the upper price band of ₹101 per share. The minimum retail application requires 2 lots, or 2,400 shares, while the lot size is 1,200 shares.
About Kheria Autocomp Limited
Kheria Autocomp Limited was incorporated on 12 November 2009. The company is an auto ancillary unit specialising in plastic injection moulding and sub-assembly operations, with its present business focus primarily on automotive plastic moulded components.
The company operates as a Tier-II supplier and manufactures components according to specifications provided by Tier-I vendors that supply to automotive OEMs. Its product portfolio includes interior cabin trims, exterior plastic components, under-hood parts and HVAC ducts, which are supplied for both internal combustion engine and electric vehicles.
The manufacturing facility at Tata Vendor Park, Sanand, Gujarat, is equipped with 30 injection moulding machines. The company has also adopted automation and robotic systems and holds IATF 16949, ISO 14001:2015 and ISO 45001:2018 certifications.
Business Operations
- Plastic Injection Moulding – The company manufactures plastic moulded components for automotive applications according to customer specifications.
- Interior Components – Its products include interior cabin trims and other plastic components used inside passenger vehicles.
- Exterior Components – The company manufactures exterior plastic parts for automotive applications.
- Under-Hood Components – Its product range includes plastic components used in under-hood applications.
- HVAC Components – The company manufactures heating, ventilation and air-conditioning ducts for automotive applications.
- Sub-Assembly Operations – It undertakes basic operations such as bolt assembly and insert fitting wherever required by customers.
- EV Component Supply – The company supplies products for electric vehicles along with conventional internal combustion engine vehicles.
Industry Overview
India’s automotive component industry is supported by vehicle production, increasing localisation, technological changes and the expansion of electric mobility. Plastic injection moulding has an important role in automotive manufacturing because plastic components can support vehicle lightweighting, design flexibility and cost efficiency.
The growing adoption of electric vehicles is creating opportunities for suppliers capable of manufacturing lightweight and precision components. Demand from passenger vehicles and the broader automotive supply chain can provide opportunities for companies with established manufacturing capabilities and customer relationships.
However, automotive component manufacturers remain exposed to fluctuations in vehicle production, changes in OEM procurement, raw material prices, technology shifts and competitive pressures.
Business Strategy
Kheria Autocomp plans to expand its manufacturing capacity through a new facility in the GIDC area of Sanand, Gujarat. The proposed facility is intended to benefit from the region’s automotive manufacturing ecosystem and proximity to existing operations, customers and suppliers.
The company also plans to increase its content per vehicle by developing higher-value and more integrated products. Its strategy includes expanding from individual moulded components toward complex sub-assemblies and modular systems, supported by additional manufacturing and engineering capabilities.
Another strategic focus is to diversify and expand across automotive segments, including electric vehicles. The company intends to leverage its manufacturing capabilities, IATF 16949 certification and Sanand location to pursue additional customers and business opportunities.
Kheria Autocomp IPO Financial Information
The company has reported consistent growth in revenue and profitability over the last three financial years. Revenue from operations increased from ₹62.32 crore in FY2024 to ₹92.07 crore in FY2025 and ₹120.01 crore in FY2026.
Profit after tax increased from ₹3.31 crore in FY2024 to ₹8.24 crore in FY2025 and ₹11.42 crore in FY2026. EBITDA also increased from ₹9.76 crore to ₹22.90 crore during the same period.
Financial Summary
| Particulars | FY2024 | FY2025 | FY2026 |
|---|---|---|---|
| Revenue from Operations | ₹62.32 Crore | ₹92.07 Crore | ₹120.01 Crore |
| EBITDA | ₹9.76 Crore | ₹16.18 Crore | ₹22.90 Crore |
| Profit After Tax (PAT) | ₹3.31 Crore | ₹8.24 Crore | ₹11.42 Crore |
| Net Worth | ₹20.00 Crore | ₹28.24 Crore | ₹39.52 Crore |
| Total Assets | ₹53.14 Crore | ₹81.79 Crore | ₹106.23 Crore |
| Reserves & Surplus | ₹15.50 Crore | ₹23.74 Crore | ₹28.27 Crore |
| Total Borrowings | ₹18.83 Crore | ₹30.90 Crore | ₹35.03 Crore |
The financial statements show strong growth in revenue, EBITDA and PAT between FY2024 and FY2026. Net worth increased from ₹20.00 crore to ₹39.52 crore, while total assets increased from ₹53.14 crore to ₹106.23 crore. Borrowings also increased during the period as the company expanded its operations and manufacturing capacity.
Kheria Autocomp IPO Key Performance Indicators (KPIs)
Key Performance Indicators provide additional information about profitability, operating performance and capital efficiency. The FY2026 figures show improvement in margins along with strong return ratios.
| KPI | Value |
|---|---|
| Return on Equity (ROE) | 33.72% |
| Return on Capital Employed (ROCE) | 26.89% |
| Return on Net Worth (RoNW) | 33.72% |
| EBITDA Margin | 19.08% |
| PAT Margin | 9.52% |
| Debt-to-Equity Ratio | 0.89x |
| Earnings Per Share (Pre-Issue) | ₹10.15 |
| Earnings Per Share (Post-Issue) | ₹7.21 |
| NAV Per Share | ₹35.13 |
| P/E (Pre-Issue) | 9.95x |
| P/E (Post-Issue) | 14.01x |
FY2026 ROE stood at 33.72%, while ROCE was 26.89%. EBITDA margin increased to 19.08% and PAT margin reached 9.52%. The RHP-based valuation metrics show pre-issue EPS of ₹10.15 and post-issue EPS of ₹7.21.
Objects of the Kheria Autocomp IPO
The company intends to utilise the net proceeds from the fresh issue for the following purposes:
- New Manufacturing Facility – Part funding the capital expenditure required for setting up a new manufacturing facility for plastic moulded auto components at GIDC Sanand Industrial Park.
- General Corporate Purposes – Funding general corporate requirements and other permitted business activities.
The identified capital expenditure for the new manufacturing facility is approximately ₹39.96 crore. The proposed facility is intended to increase production capacity and support the company’s future expansion plans.
Kheria Autocomp IPO Listing Performance
The Kheria Autocomp IPO is scheduled to list on NSE SME on 24 September 2026. Since the shares have not started trading yet, the actual listing price and listing gain are not available.
| Particular | Value |
|---|---|
| Listing Exchange | NSE SME |
| Listing Date | 24 September 2026 |
| Issue Price | ₹101 Per Share |
| Listing Price | To be updated |
| Listing Gain | To be updated |
| Listing Gain (%) | To be updated |
The listing price and listing performance will be available after trading begins on NSE SME. Investors should not consider the issue price or grey market premium as a guarantee of the actual listing price.
Kheria Autocomp IPO Subscription Status
The Kheria Autocomp IPO is scheduled to open on 17 September 2026. Therefore, category-wise subscription figures are not available before the bidding period begins.
| Investor Category | Subscription |
|---|---|
| Qualified Institutional Buyers (QIB) | To be updated |
| Non-Institutional Investors (NII) | To be updated |
| Retail Individual Investors (RII) | To be updated |
| Employee Category | To be updated |
| Total Subscription | To be updated |
The final subscription figures will be updated after the IPO opens and closes. The level of subscription across QIB, NII and Retail categories will indicate investor participation in the issue.
Kheria Autocomp IPO Review
Kheria Autocomp operates in the automotive component manufacturing industry with a specialised focus on plastic injection moulding. Its position as a Tier-II supplier gives it exposure to the automotive supply chain through Tier-I vendors serving OEMs.
The company has demonstrated strong financial growth. Revenue from operations increased from ₹62.32 crore in FY2024 to ₹120.01 crore in FY2026, while PAT increased from ₹3.31 crore to ₹11.42 crore. EBITDA also increased from ₹9.76 crore to ₹22.90 crore during the same period.
The company’s profitability indicators are also notable. FY2026 EBITDA margin was 19.08%, PAT margin was 9.52%, ROE was 33.72% and ROCE was 26.89%. These figures indicate improvement in operating profitability and returns over the reviewed period.
The IPO proceeds are primarily intended to part-fund a new manufacturing facility at GIDC Sanand Industrial Park. Expansion of capacity could support the company’s ability to handle higher production volumes and pursue additional automotive business opportunities.
However, customer concentration remains a significant risk. The company’s top five customers accounted for 97.32% of revenue from operations in FY2026, while the top ten customers accounted for 99.95%. Almost all revenue was also generated from customers in Gujarat during the reviewed years.
The proposed expansion also depends on obtaining various statutory approvals and completing the new facility within the planned timelines. Delays in approvals, construction or machinery installation could affect the company’s expansion plans.
The current reported GMP is ₹0. GMP is an unofficial grey-market indicator and may change before listing. It should not be treated as a guaranteed listing gain or return.
Overall, Kheria Autocomp has reported strong revenue and profit growth, healthy operating margins, established manufacturing capabilities and an expansion plan focused on increasing capacity. Investors should nevertheless carefully assess customer concentration, geographic concentration, project execution, borrowings and the risks associated with SME-listed companies before investing.
Kheria Autocomp IPO Strengths
- Strong Financial Growth – Revenue, EBITDA and PAT have increased substantially between FY2024 and FY2026.
- Established Automotive Presence – The company has been operating since 2009 and has developed experience in plastic injection moulding for automotive applications.
- Diversified Component Portfolio – Products include interior trims, exterior parts, under-hood components, HVAC ducts and sub-assemblies.
- Modern Manufacturing Facility – The Sanand facility has 30 injection moulding machines, automation systems and an installed capacity of 5,400 MTPA.
- Strong Profitability Ratios – FY2026 ROE of 33.72%, ROCE of 26.89% and EBITDA margin of 19.08% indicate healthy operating performance.
- Expansion Opportunity – The IPO proceeds are intended to support a new manufacturing facility at GIDC Sanand Industrial Park.
Kheria Autocomp IPO Risk Factors
- High Customer Concentration – The top five customers contributed 97.32% of FY2026 revenue, creating significant dependence on a limited customer base.
- Geographic Concentration – Approximately 99.96% of FY2026 revenue came from customers located in Gujarat.
- Dependence on Tier-I Vendors – The company’s business is dependent on orders from Tier-I suppliers whose demand is linked to OEM production and procurement cycles.
- Expansion Execution Risk – The proposed new manufacturing facility requires additional approvals and successful project execution.
- Automotive Industry Dependence – Changes in vehicle demand, OEM production schedules and technology can directly affect the company’s business.
- Raw Material Dependence – Changes in the availability or prices of plastic raw materials can affect manufacturing costs and margins.
- SME Listing Risk – NSE SME-listed shares may experience lower liquidity and greater price volatility than larger listed companies.
Kheria Autocomp IPO Promoters
Kheria Autocomp Limited is promoted by Tara Chand Kheria, Vinay Kheria, Sushma Kheria and Santosh Devi Kheria. The promoters collectively held 89.93% of the pre-issue paid-up equity share capital as disclosed in the RHP.
IPO Promoters Details
| Promoter | Designation |
|---|---|
| Tara Chand Kheria | Director and Chairman |
| Vinay Kheria | Managing Director |
| Sushma Kheria | Director |
| Santosh Devi Kheria | Director |
Kheria Autocomp IPO Management Team
The company’s Board comprises seven directors, including one Managing Director, three Non-Executive Directors and three Independent Directors. The management and senior management team also includes the Chief Financial Officer, Company Secretary and Chief Operating Officer.
| Name | Designation |
|---|---|
| Vinay Kheria | Managing Director |
| Tara Chand Kheria | Director and Chairman |
| Sushma Kheria | Director |
| Santosh Devi Kheria | Director |
| Ankur Agarwal | Independent Director |
| Nilesh Jashvantbhai Bhagat | Independent Director |
| Priya Lavkush Somani | Independent Director |
| Manish Amrutlal Dalvadi | Chief Financial Officer |
| Nisarg Dineshkumar Shah | Company Secretary |
| Manoj Singh | Chief Operating Officer |
Kheria Autocomp IPO Registrar Details
The registrar is responsible for processing IPO applications, finalising the basis of allotment, crediting shares to successful applicants, initiating refunds and handling investor-related services.
| Particular | Details |
|---|---|
| Registrar Name | KFin Technologies Limited |
| Website | https://www.kfintech.com |
| IPO Allotment Status | https://ipostatus.kfintech.com |
| Contact Person | M Murali Krishna |
| Email ID | [email protected] |
| Contact Number | +91 40 6716 2222 |
KFin Technologies Limited is the registrar to the issue. The company’s investor relations page also confirms KFin Technologies as its Registrar and Share Transfer Agent.
Kheria Autocomp IPO Lead Manager Details
The Book Running Lead Manager is responsible for managing the public issue process, coordinating regulatory requirements and assisting the company with the IPO.
| Particular | Details |
|---|---|
| Lead Manager | SMC Capitals Limited |
| Contact Person | Suhas Satardekar |
| Email ID | [email protected] |
| Contact Number | +91 22 6648 1818 |
SMC Capitals Limited is the Book Running Lead Manager to the Kheria Autocomp IPO.
Kheria Autocomp Limited Contact Details
| Particular | Details |
|---|---|
| Company Name | Kheria Autocomp Limited |
| Registered Office | Plot No. B6, B7 & B8, Tata Vendor Park, Revenue Survey No. 1, Village Northkot Pura, Sanand, Gujarat – 382170 |
| Website | https://www.kheria.com |
| Email ID | [email protected] |
| Contact Number | +91 98310 32670 |
The company’s registered office and Plant I are located at Tata Vendor Park, Sanand, Gujarat. The company also operates Plant II at GIDC Sanand-II.
How to Check Kheria Autocomp IPO Allotment Status
Investors can check the IPO allotment status after the basis of allotment is finalised through the registrar’s website or the NSE platform.
Through KFin Technologies Limited
- Visit the KFin Technologies IPO allotment portal.
- Select Kheria Autocomp IPO from the IPO list.
- Select PAN Number, Application Number or DP/Client ID.
- Enter the required details.
- Submit the information to view the allotment status.
Through NSE
- Visit the NSE website.
- Open the IPO-related section.
- Select Kheria Autocomp IPO where available.
- Enter the required application details.
- Submit the details to check the allotment status.
IPO Conclusion
Kheria Autocomp IPO provides an opportunity to participate in an automotive component manufacturer focused on plastic injection moulding and sub-assembly operations. The company has an established operating history, a manufacturing facility in Sanand and exposure to both conventional and electric vehicle applications.
The company has reported strong financial growth, with revenue increasing from ₹62.32 crore in FY2024 to ₹120.01 crore in FY2026 and PAT increasing from ₹3.31 crore to ₹11.42 crore. Its FY2026 EBITDA margin of 19.08% and ROE of 33.72% indicate healthy reported profitability.
The proposed use of IPO proceeds for a new manufacturing facility could increase production capacity and support future growth. The company also plans to increase its content per vehicle, develop higher-value integrated products and expand into additional automotive and EV opportunities.
However, customer concentration is a major consideration, with the top five customers accounting for 97.32% of FY2026 revenue. Investors should also consider geographic concentration, dependence on Tier-I vendors, expansion execution requirements, raw material exposure and SME-market risks before investing.
A detailed assessment of the company’s valuation, financial performance, customer concentration, expansion plans and risk factors can help investors determine whether the Kheria Autocomp IPO is suitable for their investment objectives.
Kheria Autocomp IPO FAQs
What is Kheria Autocomp IPO?
Kheria Autocomp IPO is a Book Built SME public issue of Kheria Autocomp Limited. The issue consists entirely of a fresh issue of equity shares and is proposed to be listed on NSE SME.
What is the price band of Kheria Autocomp IPO?
The price band is ₹96 to ₹101 per equity share.
What is the issue size of Kheria Autocomp IPO?
The total issue size is approximately ₹46.44 crore, comprising 45,98,400 fresh equity shares.
When will the Kheria Autocomp IPO open?
The IPO will open for subscription on 17 September 2026.
When will the Kheria Autocomp IPO close?
The IPO will close for subscription on 21 September 2026.
What is the Kheria Autocomp IPO lot size?
The lot size is 1,200 equity shares. Retail investors need to apply for a minimum of 2 lots, or 2,400 shares.
What is the minimum investment required for Kheria Autocomp IPO?
At the upper price band of ₹101, the minimum retail application of 2,400 shares requires an investment of ₹2,42,400.
On which stock exchange will Kheria Autocomp shares be listed?
Kheria Autocomp shares are proposed to be listed on the NSE SME platform.
Who is the registrar for the Kheria Autocomp IPO?
KFin Technologies Limited is the registrar to the Kheria Autocomp IPO.
What is the GMP of Kheria Autocomp IPO?
The current reported GMP is ₹0. GMP is an unofficial grey-market indicator and may change before listing. It should not be considered a guaranteed listing price or return.
