Complete Guide to Kheria Autocomp IPO: Dates, Financials, and Market Potential
The Indian stock market is constantly buzzing with new opportunities, and the upcoming Small and Medium Enterprises (SME) IPO of Kheria Autocomp Ltd. has caught the attention of many investors. If you are looking to diversify your portfolio with auto ancillary stocks, this could be an event worth tracking.
Opening for subscription in mid-September 2026, this book-built issue aims to raise ₹46.44 crores to fund the company's expansion plans. Below is a detailed, easy-to-understand breakdown of the Kheria Autocomp IPO, analyzing its business model, financial health, fundamental metrics, and essential dates.
Business Overview: What Does Kheria Autocomp Do?
Established in 2009, Kheria Autocomp Ltd. is a specialized auto ancillary manufacturer focusing heavily on plastic injection moulding. The company predominantly manufactures and assembles plastic components for the automotive sector. Functioning primarily as a Tier-II supplier, they produce moulded parts for Tier-I vendors who eventually supply Original Equipment Manufacturers (OEMs) in the passenger vehicle segment.
A key factor driving interest in Kheria Autocomp is its versatility. Their product range caters to both traditional Internal Combustion Engine (ICE) vehicles and the rapidly growing Electric Vehicle (EV) ecosystem. Their key product lines include:
- Interior cabin trims
- Exterior automotive plastic elements
- Under-hood components
- Heating, Ventilation, and Air-Conditioning (HVAC) ducts
Operating out of an expansive 3-acre facility located within the Tata Vendor Park at Sanand, Gujarat, the company boasts a robust infrastructure equipped with 30 injection moulding machines. Committed to sustainable manufacturing, the firm has also integrated a 636 kW solar power system and groundwater recharge infrastructure on-site.
Kheria Autocomp IPO Timeline
To successfully participate in this IPO, keeping track of the application and listing schedule is critical. The timeline from the opening date to the market listing date is illustrated below:
Primary IPO Details
The complete issue is formulated as a fresh issue of approximately 45.98 lakh shares, meaning all capital raised will go directly to the company rather than existing shareholders selling their stakes.
| Parameter | Details |
|---|---|
| Issue Type | Book Built Issue (SME) |
| Total Issue Size | ₹46.44 Crores (45,98,400 Shares) |
| Face Value | ₹10 per share |
| Price Band | ₹96 to ₹101 per share |
| Listing Platform | NSE SME |
| Retail Allocation | 35% of the net issue |
| QIB Allocation | 50% of the net issue (including Anchor portion) |
| NII (HNI) Allocation | 15% of the net issue |
Investment Requirements & Lot Size
For retail investors, SME IPOs typically require a higher minimum investment compared to mainline IPOs due to predefined lot sizes. Below is the structured breakdown of the required lot sizes for different categories of investors.
| Investor Category | Minimum Lots | Total Shares | Investment Amount (at Upper Band) |
|---|---|---|---|
| Retail Individual (Min) | 2 Lots | 2,400 Shares | ₹2,42,400 |
| Retail Individual (Max) | 2 Lots | 2,400 Shares | ₹2,42,400 |
| Small HNI (Min) | 3 Lots | 3,600 Shares | ₹3,63,600 |
| Big HNI (Min) | 9 Lots | 10,800 Shares | ₹10,90,800 |
Financial Performance Tracker
When evaluating an IPO, examining historical financial performance is essential. Over the last three fiscal years leading up to March 31, 2026, Kheria Autocomp has displayed strong year-on-year growth across major financial indicators.
| Financial Metric (₹ in Crores) | Mar 31, 2024 | Mar 31, 2025 | Mar 31, 2026 |
|---|---|---|---|
| Total Assets | 53.14 | 81.79 | 106.23 |
| Total Revenue | 62.40 | 92.31 | 120.30 |
| Profit After Tax (PAT) | 3.31 | 8.24 | 11.42 |
| EBITDA | 9.76 | 16.18 | 22.90 |
| Net Worth | 20.00 | 28.24 | 39.52 |
| Total Borrowings | 18.83 | 30.90 | 35.03 |
Observation: The company witnessed a steady 30% jump in revenue between FY25 and FY26, alongside a solid 39% increase in Profit After Tax during the same period.
Key Performance Indicators (KPIs)
To gauge the valuation and operational efficiency of the enterprise, let's look at the critical fundamental metrics reported by the end of March 2026:
- Return on Equity (ROE): 33.72%
- Return on Capital Employed (ROCE): 26.89%
- Debt to Equity Ratio: 0.89
- PAT Margin: 9.52%
- Pre-IPO Price-to-Earnings (P/E) Ratio: 9.95x
- Post-IPO Price-to-Earnings (P/E) Ratio: 14.01x
- Estimated Market Capitalization (Post-issue): ₹160.07 Crores
Objectives of the IPO Issue
According to the official documents filed by the company, the net proceeds generated from this fresh equity issue will be purposefully deployed towards the following targets:
- Capital Expenditure (₹39.96 Cr): A massive chunk of the funds will be utilized for setting up an entirely new manufacturing facility for plastic moulded auto components situated at the GIDC Sanand Industrial Park.
- General Corporate Purposes: The residual balance will be dedicated to everyday corporate necessities and working capital adjustments.
SWOT Analysis of Kheria Autocomp
Evaluating the internal and external factors through a SWOT matrix provides a clearer perspective of the business potential:
- Strengths: A highly diversified product portfolio serving both the traditional combustion vehicle market and the emerging Electric Vehicle sector. The manufacturing processes feature strong green credentials (solar energy integration).
- Weaknesses: Geographic concentration limits its operational footprint as manufacturing and major client deliveries are heavily reliant on the Gujarat region.
- Opportunities: The massive governmental push and consumer transition towards EVs present a prime growth corridor for EV-specific automotive plastics and HVAC ducts.
- Threats: Susceptibility to raw material price fluctuations—specifically global polymer and plastic costs—can squeeze operational margins. Additionally, the tier-II auto ancillary space is highly fragmented and fiercely competitive.
Promoter Shareholding & Intermediaries
The foundation of the company is led by its promoters: Tara Chand Kheria, Vinay Kheria, Sushma Kheria, and Santosh Devi Kheria. Prior to this public issue, the promoters command a 100% stronghold over the equity. Post-listing, this holding will be diluted to approximately 70.99%, retaining majority control.
| Service Provider | Entity Name |
|---|---|
| Lead Manager | SMC Capitals Ltd. |
| Registrar to the Issue | Kfin Technologies Ltd. |
| Market Maker | SMC Global Securities Ltd. |
Registrar Contact Details: Investors querying allotment status or having grievance issues can reach out to Kfin Technologies Ltd. via phone (040-79615565) or email at kheria.ipo@kfintech.com.
Final Conclusion
The Kheria Autocomp Ltd. IPO brings forward an intriguing opportunity in the small-cap auto ancillary space. Their dual focus on established ICE vehicles and forward-looking EV requirements positions them favorably within the supply chain. Healthy margin expansion, strong ROE/ROCE numbers, and a designated plan to scale physical infrastructure through this fundraise paint a progressive picture.
However, like any SME market investment, the standard lot size mandates a sizable upfront capital allocation. Investors should carefully assess their own risk appetite, keep a close watch on the sectoral competition, and track auto sales trends before taking an allocation position. Ensure to track the live subscription data from September 17 to September 21 to gauge market sentiment.