Smart Market Insights
Kheria Autocomp IPO Details: Key Dates, Price Band & Investment Overview
By Wealthova | Last Updated: September 11, 2026
Kheria Autocomp Limited, an established player in the manufacturing of custom automotive components and assemblies, is gearing up to make its primary market debut with an upcoming ₹46.44 Crore SME IPO. Operating as a precision engineering partner to leading OEMs, the company focuses on delivering high-quality automotive parts and systems backed by expanding sector demand. Operating a scalable manufacturing model, Kheria Autocomp provides critical component solutions across commercial and passenger vehicle segments. The subscription window for this book-built issue opens on September 17, 2026, and closes on September 21, 2026. The price band is set between ₹96 to ₹101 per equity share, comprising entirely of a fresh issue of ₹46.44 Crore (45.98 lakh shares) with absolutely no Offer for Sale (OFS) component. The company plans to utilize the fresh capital primarily to fund its capital expenditure for facility expansion and general corporate purposes. Set to list on the NSE SME platform, market participants are closely watching this visible manufacturing enterprise, backed by a strong FY26 total income of ₹120.30 Crore and a net profit of ₹11.42 Crore. Below, we break down the financial health, industry risk factors, and our honest Smart Market Insights to help you decide if you should subscribe to this issue!
Kheria Autocomp IPO Details
Quick IPO Factsheet
September 17, 2026
September 21, 2026
₹96 to ₹101
(Book Built)1,200 Shares
(Min. 2 Lots for Retail)₹46.44 Cr
(45.98 Lakh Shares)₹46.44 Cr
(Entirely Fresh Issue)35.00% Allocation
₹10 Base
SME (NSE SME)
Kheria Autocomp IPO Timeline
Deep-Dive Corporate Profile: What Does Kheria Autocomp Limited Do?
Incorporated in November 2009, Kheria Autocomp Limited is an auto-ancillary manufacturer engaged in plastic injection moulding and sub-assembly operations for the automotive sector. The company operates primarily as a Tier-II vendor, manufacturing components to exact specifications for Tier-I suppliers who serve passenger vehicle Original Equipment Manufacturers (OEMs).
- Diversified Product Portfolio: The company manufactures a wide array of automotive components, including interior cabin trims, exterior plastic parts, under-hood components, and heating, ventilation, and air-conditioning (HVAC) ducts.
- ICE & EV Agnostic: Kheria Autocomp's component solutions cater to both traditional internal combustion engine (ICE) vehicles and electric vehicle (EV) platforms. This allows them to capture demand regardless of shifting OEM powertrain trends.
- Strategic Manufacturing Footprint: Operations are anchored at an approximately 3-acre facility located within the Tata Vendor Park in Sanand, Gujarat. This strategic location near OEM assembly plants provides significant logistics and supply-chain advantages.
- Advanced Engineering Capabilities: The manufacturing unit is equipped with 30 injection moulding machines with capacities ranging from 120 to 1,700 tons. Production is supported by automated robotics and comprehensive in-house quality testing. The facility also holds IATF 16949 automotive-grade certifications.
Why is the Company Raising Funds? (Objects of the Issue)
The Kheria Autocomp IPO is a book-built issue consisting entirely of a fresh issue with no Offer for Sale (OFS) component. The company proposes to utilize the net proceeds from this fresh equity capital for the following core objectives:
- Capital Expenditure (₹39.96 Crore): A significant majority of the funds will be directed toward part-funding the establishment of a new manufacturing facility for plastic moulded auto components at the GIDC Sanand Industrial Park.
- Working Capital Requirements: A portion of the proceeds is allocated to support daily operational cash flow cycles, raw material sourcing, and overall business growth.
- General Corporate Purposes: The residual capital will be deployed for overarching corporate initiatives and issue-related expenses.
Company Financials
| 📅 Period Ended | 📈 Total Income | 💼 Net Worth | 💰 PAT | 🏦 Assets |
|---|---|---|---|---|
| FY 2024 | ₹62.40 | ₹20.00 | ₹3.31 | ₹53.14 |
| FY 2025 | ₹92.31 | ₹28.24 | ₹8.24 | ₹81.79 |
| FY 2026 | ₹120.30 | ₹39.52 | ₹11.42 | ₹106.23 |
Kheria Autocomp IPO Key Performance Indicators (KPIs)
| Financial KPI (FY26)* | Value |
|---|---|
| Return on Equity (ROE) | 33.72% (FY26) |
| Return on Capital Employed (ROCE) | 26.89% (FY26) |
| EBITDA Margin | 19.08% (FY26) |
| PAT Margin | 9.52% (FY26) |
| Debt to Equity Ratio | 0.89 (FY26) |
| Return on Net Worth (RoNW) | 33.72% (FY26) |
| Earnings Per Share (EPS) | ₹10.15 (Pre-IPO) | ₹7.21 (Post-IPO) |
| Price/Earning (P/E) Ratio | 9.95x (Pre-IPO) | 14.01x (Post-IPO) |
| Net Asset Value (NAV) | ₹35.13 (Pre-IPO) |
| Price to Book (P/B) | 2.87x (At Upper Band) |
Promoters & Shareholding Pattern
| Shareholder Category | Pre-IPO Holding | Post-IPO Holding |
|---|---|---|
| Promoter & Promoter Group | 100.00% | 70.99% |
| Public / Institutional / Others | 0.00% | 29.01% |
Kheria Autocomp Limited is promoted by Tara Chand Kheria, Vinay Kheria, Sushma Kheria, and Santosh Devi Kheria. Prior to this issue, the promoter group held a complete 100.00% equity stake. Post-issue, factoring in the ₹46.44 Crore fresh equity dilution (with absolutely no Offer for Sale), the promoter holding will comfortably adjust to a solid majority of 70.99%. The strategic allocation of over 86% of the fresh capital toward establishing a new manufacturing facility at the GIDC Sanand Industrial Park allows the company to significantly scale its production capacity for plastic injection moulded auto components while maintaining robust promoter control.
Industry Peer Comparison
| Company Name | EPS (₹) | P/E Ratio (Post-IPO) | NAV (₹) |
|---|---|---|---|
| Kheria Autocomp Ltd (IPO) | 7.21 | 14.01x | 35.13 |
| Machino Plastics Limited | 13.94 | 16.25x | 87.43 |
| PPAP Automotive Limited | 4.97 | 32.63x | 241.02 |
IPO Strengths & Key Risks
Smart Market Insights
Kheria Autocomp Limited brings a specialized auto-ancillary manufacturing enterprise to the NSE SME platform. Operating an advanced production facility within the Tata Vendor Park in Sanand, Gujarat, the company manufactures custom plastic injection-moulded automotive parts, including interior cabin trims, exterior components, under-hood parts, and HVAC ducts. Because these components are required across both internal combustion engine (ICE) vehicles and electric vehicles (EVs), the business remains agnostic to powertrain transitions. The company's financials have demonstrated consistent expansion, with Total Income almost doubling from ₹62.40 Crore in FY24 to ₹120.30 Crore in FY26. Over the same period, net earnings accelerated sharply, with Profit After Tax (PAT) surging from ₹3.31 Crore to ₹11.42 Crore, yielding a strong FY26 Return on Equity (ROE) of 33.72% and a Return on Capital Employed (ROCE) of 26.89%.
A candid examination of the fundamentals highlights impressive operational efficiency balanced against severe concentration and execution risks. Operationally, the company commands healthy margins for an auto component manufacturer, delivering an EBITDA margin of 19.08% and a PAT margin of 9.52% in FY26. However, the business model carries an alarming client concentration: over 93% of total revenues stem from a single key automotive OEM client. Any reduction in procurement volumes, pricing renegotiations, or product line shifts by this anchor client would severely impair financial stability. Additionally, total borrowings stand at ₹35.03 Crore (Debt-to-Equity of 0.89x). On the capital front, the ₹46.44 Crore issue is structured as a 100% Fresh Issue with zero promoter offloading. Allocating over 86% (₹39.96 Crore) toward constructing a new manufacturing facility at GIDC Sanand will expand capacity, though timely execution and demand absorption will be critical monitorables to prevent Return on Capital Employed (ROCE) dilution.
At the upper price band of ₹101 per equity share (Face Value ₹10), the IPO is priced at a pre-issue P/E multiple of 9.95x and a post-issue P/E of 14.01x (based on FY26 post-issue EPS of ₹7.21), alongside a Price-to-Book (P/B) ratio of 2.87x against a pre-IPO NAV of ₹35.13. This valuation appears reasonably priced when benchmarked against listed auto-component peers such as Machino Plastics (trading around 16.25x P/E) and PPAP Automotive (trading around 32.63x P/E). Factoring in the retail investment requirement of ₹2,42,400 (2 lots / 2,400 shares), the clean 100% fresh issue structure, high return ratios, and attractive valuation provide positive upside potential. However, the overwhelming single-customer dependency cannot be overlooked. Kheria Autocomp warrants an honest SUBSCRIBE (WITH CAUTION) rating, tailored specifically for high-risk, growth-oriented investors comfortable with high client concentration in exchange for valuation comfort.
Disclaimer: The information provided above is for educational and informational purposes only and does not constitute financial advice. Initial Public Offerings (IPOs) carry market risks, and equity investments are subject to broader market fluctuations. Wealthova is not a SEBI-registered investment advisor. Always consult with a certified financial planner and conduct your own due diligence before locking up capital in any public issue.
Kheria Autocomp IPO Key Contacts & Advisors
| Role / Entity | Contact & Details |
|---|---|
| 📋 IPO Registrar |
KFin Technologies Limited
Selenium Tower-B, Plot 31 & 32, Gachibowli, Financial District, Nanakramguda, Serilingampally, Hyderabad, Telangana - 500032
Phone: +91 40 6716 2222
Email: kheria.ipo@kfintech.com
Website: kfintech.com
|
| 🏢 Company Contact |
Kheria Autocomp Limited
Registered Office & Plant: Plot No. B6, B7 & B8, Tata Vendor Park, Revenue Survey No. 1, Village Northkot Pura, Sanand, Gujarat - 382170
Phone: +91 98310 32670
Email: cs@kheria.com
Website: kheria.com
|
| 💼 Merchant Bankers |
SMC Capitals Limited
Book Running Lead Manager A-401/402, Lotus Corporate Park, Jai Coach Junction, Off Western Express Highway, Goregaon (East), Mumbai, Maharashtra - 400063
Phone: +91 22 6648 1818
Email: kheria.ipo@smccapitals.com
Website: smccapitals.com
|
Frequently Asked Questions (FAQs)
What are the opening and closing dates for the Kheria Autocomp IPO?
What is the minimum lot size and investment required for retail investors?
How can I check the allotment status for the Kheria Autocomp IPO?
- Wealthova (Recommended): Check directly on the Wealthova IPO Allotment Status Hub using your PAN number or Application Number for instant verification.
- Official Registrar Portal: Visit the official allotment portal of KFin Technologies Limited.
- Stock Exchange Portal: Verify directly on the official NSE IPO allotment status page.