Kheria Autocomp IPO
Kheria Autocomp IPO Details
-
Open Date
17 Sep 2026
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Close Date
21 Sep 2026
- IPO Price Range
₹ 96 to ₹101
- IPO Size
₹ 46.44 Cr
Kheria Autocomp IPO Timeline
Kheria Autocomp IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 17-Sep-2026 | 0.00 | 0.42 | 0.24 | 0.21 |
| 18-Sep-2026 | 0.23 | 0.26 | 0.58 | 0.41 |
Last Updated: 18 September 2026 7:05 PM by 5paisa
Kheria Autocomp Limited is an auto ancillary company specialising in plastic injection moulding and sub-assembly operations, with its current business focused primarily on automotive plastic moulded components. It operates as a Tier-II supplier, manufacturing components to the specifications of Tier-I vendors that supply passenger-vehicle original equipment manufacturers (OEMs). Its portfolio covers automotive interior, exterior and under-hood plastic components.
The company operates an IATF 16949-certified manufacturing facility at Tata Vendor Park in Sanand, Gujarat, spread across approximately three acres. Its manufacturing capabilities include injection moulding, complex moulding processes and automation, with more than 20 robots deployed in injection moulding operations. Kheria Autocomp expanded its existing manufacturing capacity from 2,400 MT per annum to 4,200 MT per annum during FY24.
The company is also developing a new manufacturing facility at GIDC Sanand-II Industrial Estate, Gujarat, to expand its plastic-moulded auto-component capacity. Commercial production at the new facility is scheduled to commence in January 2027.
Established in: 2009
Managing Director: Vinay Kheria
Peers:
Machino Plastics Limited
PPAP Automotive Limited
Kheria Autocomp Objectives
The net proceeds from the fresh issue are proposed to be used for:
1. Part funding capital expenditure for setting up a new manufacturing facility for plastic moulded auto components at GIDC Sanand Industrial Park
2. General corporate purposes
Kheria Autocomp IPO Size
| Types | Size |
|---|---|
| Total IPO Size | ₹46.44 Cr |
| Offer For Sale | - |
| Fresh Issue | ₹46.44 Cr |
Kheria Autocomp IPO Lot Size
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 2,400 | ₹2,30,400 |
| Retail (Max) | 2 | 2,400 | ₹2,42,400 |
| S-HNI (Min) | 3 | 3,600 | ₹3,45,600 |
| S-HNI (Max) | 8 | 9,600 | ₹9,69,600 |
| B-HNI (Min) | 9 | 10,800 | ₹10,36,800 |
Kheria Autocomp IPO Reservation
| Investors Category | Subscription (times) | Shares Offered* | Shares bid for | Total Amount (Cr.)* |
|---|---|---|---|---|
| QIB (Ex Anchor) | 0.00 | 8,73,600 | 0 | 0 |
| Non-Institutional Buyers | 0.42 | 6,55,200 | 2,74,800 | 2.775 |
| bNII | 0.58 | 4,35,600 | 2,52,000 | 2.545 |
| sNII | 0.10 | 2,19,600 | 22,800 | 0.230 |
| Retail | 0.24 | 15,28,800 | 3,67,200 | 3.709 |
| Total** | 0.21 | 30,57,600 | 6,42,000 | 6.484 |
*The "Shares Offered" and "Total Amount" are calculated using the upper limit of the issue price range.
**Shares allocated to anchor investors (or market makers) are excluded from the total number of shares offered.
| Particulars (In ₹ Crores) | FY24 | FY25 | FY26 |
| Revenue | 62.32 | 92.07 | 120.01 |
| EBITDA | 9.76 | 16.18 | 22.90 |
| PAT | 3.31 | 8.24 | 11.42 |
| Particulars (In ₹ Crores) | FY24 | FY25 | FY26 |
| Total Assets | 53.14 | 81.79 | 106.23 |
| Share Capital | 4.50 | 4.50 | 11.25 |
| Total Liabilities | 53.14 | 81.79 | 106.23 |
| Particulars (In ₹Crores.) | FY24 | FY25 | FY26 |
| Net Cash Generated From / (used in) Operating Activities | 9.82 | 8.40 | 26.03 |
| Net Cash Generated From / (used in) Investing Activities | (15.33) | (17.98) | (26.64) |
| Net Cash Generated From / (used in) Financing Activities | 5.39 | 9.69 | 0.86 |
| Net Increase (Decrease) in Cash and Cash Equivalents | (0.12) | 0.11 | 0.24 |
Strengths
1. Revenue from operations increased from ₹62.32 crore in FY24 to ₹120.01 crore in FY26, while PAT rose from ₹3.31 crore to ₹11.42 crore over the same period.
2. EBITDA margin improved from 15.66% in FY24 to 19.08% in FY26, alongside an increase in PAT margin from 5.31% to 9.52%.
3. Its manufacturing facility at Tata Vendor Park, Sanand, is located close to automotive manufacturing hubs, Tier-I customers and raw-material suppliers.
4. The company has developed technology-enabled manufacturing capabilities, including more than 20 robots used in injection moulding operations and experience with complex moulding techniques.
5. Its IATF 16949-certified facility is supported by in-house quality assurance and testing capabilities for dimensional checks, batch validation and customer-specific requirements.
Weaknesses
1. Customer concentration is high, with the top five customers accounting for 97.32% of FY26 revenue from operations and the top ten accounting for 99.95%.
2. Kheria Autocomp operates primarily as a Tier-II supplier, making demand dependent on Tier-I vendors and ultimately on OEM procurement and production cycles.
3. The company's manufacturing operations and a substantial portion of its customer base are concentrated in Gujarat, exposing it to region-specific disruptions.
4. Production depends on raw materials approved by customers, which may limit sourcing flexibility if approved suppliers face shortages or disruptions.
5. The company's operating cash flows have fluctuated historically due to changes in working-capital requirements.
Opportunities
1. The proposed GIDC Sanand-II facility can expand manufacturing capacity and support higher production volumes once commercial operations commence.
2. Increasing use of lightweight plastic and polymer components in electric vehicles can create additional demand for injection-moulded automotive parts.
3. India's continued localisation of automotive supply chains provides opportunities for domestic component manufacturers capable of meeting OEM and Tier-I quality requirements.
4. Greater automation and technology adoption across auto-component manufacturing can support productivity, process consistency and the manufacture of increasingly complex components.
5. Government initiatives supporting domestic automotive manufacturing and electric mobility can contribute to broader demand across the auto-component ecosystem.
Threats
1. A slowdown in automobile production or passenger-vehicle demand could reduce orders for the company's components.
2. Delays in obtaining remaining approvals, installing machinery or commissioning the proposed manufacturing facility could affect the company's expansion schedule.
3. Volatility in raw-material prices or disruptions in customer-approved supply sources may affect production costs and manufacturing schedules.
4. The Indian auto-component industry is fragmented and competitive, with manufacturers competing on cost, quality, technology, scale and delivery capabilities.
5. Changes in vehicle technology and component specifications, particularly during the transition towards electric and alternative-powertrain vehicles, require continued investment in manufacturing capabilities.
1. Revenue from operations increased at a CAGR of approximately 38.77% between FY24 and FY26, reaching ₹120.01 crore in FY26.
2. PAT increased from ₹3.31 crore in FY24 to ₹11.42 crore in FY26, accompanied by an improvement in PAT margin to 9.52%.
3. The company has established manufacturing capabilities in plastic injection moulding, supported by automation, in-house testing and an IATF 16949-certified facility.
4. Its location at Sanand places manufacturing operations close to a major automotive ecosystem comprising OEMs, Tier-I suppliers and raw-material vendors.
5. Fresh-issue proceeds are primarily intended to fund the new manufacturing facility at GIDC Sanand-II, supporting planned capacity expansion.
India's auto-component industry was estimated at approximately ₹6.7 trillion in FY25 and is projected in the industry report to reach around ₹17.1 trillion by 2030. Growth is expected to be supported by higher domestic vehicle ownership, localisation, exports, electric mobility, aftermarket demand and increased adoption of advanced automotive technologies.
Electrification is particularly relevant for plastic-component manufacturers. EVs increasingly use lightweight plastic-moulded and composite parts across structural, functional and aesthetic applications as manufacturers seek to reduce vehicle weight and improve battery efficiency. Government initiatives such as the Production Linked Incentive scheme for automobiles and auto components, alongside policies supporting electric mobility and domestic manufacturing, are also encouraging localisation.
Kheria Autocomp participates in this market through plastic injection-moulded interior, exterior and under-hood components. Its proposed Sanand-II manufacturing facility is intended to increase production capacity, positioning the company to cater to additional requirements from Tier-I automotive suppliers as the domestic component market expands.
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- Opening On
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- Mainboard
- 22nd Sep
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FAQs
Kheria Autocomp IPO opens from 17 September 2026 to 21 September 2026.
The size of the Kheria Autocomp IPO is approximately ₹46.44 crore at the upper end of the price band. The issue is entirely a fresh issue of up to 45,98,400 equity shares.
The price band of Kheria Autocomp IPO is fixed at ₹96 to ₹101 per share.
1. Login to your 5paisa demat account and select the issue in the current IPO section.
2. Enter the number of lots and the price at which you wish to apply for the Kheria Autocomp IPO.
3. Enter your UPI ID and click on submit. Your bid will then be placed with the exchange.
4. You will receive a mandate notification to block funds in your UPI app.
The minimum eligible application is two lots, equivalent to 2,400 shares. At the floor price of ₹96 per share, the minimum investment is ₹2,30,400.
The basis of allotment for the Kheria Autocomp IPO is expected to be finalised on 22 September 2026.
The Kheria Autocomp IPO is tentatively scheduled to list on NSE Emerge on 24 September 2026.
SMC Capitals Limited is the book-running lead manager for the Kheria Autocomp IPO.
The fresh-issue proceeds are proposed to be used for:
1. Part funding capital expenditure for setting up a new manufacturing facility for plastic moulded auto components at GIDC Sanand Industrial Park
2. General corporate purposes