Kheria Autocomp IPO

Kheria Autocomp Limited, incorporated in 2009, is an auto ancillary company specialising in plastic injection moulding and sub-assembly operations. The company manufactures plastic components primarily for Tier-I automotive suppliers serving passenger vehicle OEMs. Its products cover interior trims, exterior components, under-hood parts and HVAC ducts for both internal combustion engine and electric vehicles. Kheria operates from Sanand, Gujarat, an established automotive manufacturing location. Its facility is equipped with injection moulding machines and industrial robots to support production. The company also has sustainability initiatives, including a solar power system and groundwater recharge wells. Its manufacturing capabilities and location support its focus on quality, delivery and automotive component requirements.

Kheria Autocomp Limited IPO Overview

Kheria Autocomp Limited is launching a bookbuilding IPO of ₹46.44 crore comprising an entirely fresh issue of 45,98,400 equity shares. The IPO will open for subscription on 17 September 2026 and close on 21 September 2026. The price band has been fixed at ₹96 to ₹101 per share, with a lot size of 1,200 shares. Retail investors need to apply for a minimum of two lots, representing 2,400 shares and an investment of ₹2,42,400 at the upper price band. The minimum S-HNI application is three lots, or 3,600 shares, requiring ₹3,63,600. The allotment is expected to be finalised on 22 September, followed by refunds and credit of shares on 23 September. The company is scheduled to list on the NSE SME platform on 24 September 2026. SMC Capitals Ltd. is the book running lead manager, while KFin Technologies Ltd. is the registrar. SMC Global Securities Ltd. is the market maker.

Kheria Autocomp Limited IPO Details

Particulars	Details
IPO Date	17 September 2026 to 21 September 2026
Listing Date	24 September 2026
Face Value	₹10 per share
Issue Price Band	₹96 to ₹101 per share
Lot Size	1,200 Shares
Total Issue Size	45,98,400 shares (aggregating up to ₹46.44 Cr)
Fresh Issue	45,98,400 shares (aggregating up to ₹46.44 Cr)
Offer for Sale	NA
Issue Type	Bookbuilding IPO
Listing At	NSE SME
Share Holding Pre Issue	1,12,50,000 shares
Share Holding Post Issue	1,58,48,400 shares
Market Maker Portion	2,30,400 shares

Kheria Autocomp Limited IPO Reservation

Investor Category	Shares Offered
QIB	21,84,000 shares (50.00% of Net Issue)
Retail	15,28,800 shares (35.00% of Net Issue)
NII (HNI)	6,55,200 shares (15.00% of Net Issue)
Market Maker	2,30,400 shares

Kheria Autocomp Limited IPO Lot Size

Application	Lots	Shares	Amount
Retail (Min)	2	2,400	₹2,42,400
Retail (Max)	2	2,400	₹2,42,400
S-HNI (Min)	3	3,600	₹3,63,600
S-HNI (Max)	8	9,600	₹9,69,600
B-HNI (Min)	9	10,800	₹10,90,800

Kheria Autocomp Limited IPO Promoter Holding

Shareholding Status	Percentage
Pre-Issue	100.00%
Post-Issue	70.99%

Kheria Autocomp Limited IPO Valuation Overview

KPI	Value
Earnings Per Share (EPS)	₹7.21
Price/Earnings (P/E) Ratio	14.01x
Return on Net Worth (RoNW)	33.72%
Net Asset Value (NAV)	₹35.13
Return on Equity	33.72%
Return on Capital Employed (ROCE)	26.89%
EBITDA Margin	19.08%
PAT Margin	9.52%
Debt to Equity Ratio	0.89

Objectives of the Proceeds

1. New manufacturing facility:

₹39.96 crore will partly fund a new GIDC Sanand facility for plastic moulded automotive components.

2. General corporate purposes:

Remaining IPO proceeds will support general corporate requirements and other permissible business purposes.

Key Financials (in ₹ crore)

Particulars	31 Mar 2026	31 Mar 2025	31 Mar 2024
Assets	106.23	81.79	53.14
Revenue / Total Income	120.30	92.31	62.40
Profit After Tax	11.42	8.24	3.31
Reserves and Surplus	28.27	23.74	15.50
Total Borrowings	35.03	30.90	18.83

IPO Strengths

1. Experience-driven manufacturing excellence.

2. Strategically located manufacturing facilities.

3. Technology‑enabled manufacturing and process engineering capabilities.

4. Comprehensive in‑house testing and quality control infrastructure.

5. Efficient raw material sourcing and inventory management.

Peer Group Comparison

Company Name	EPS (Basic)	NAV (₹)	P/E (x)	RoNW (%)	P/BV Ratio
Kheria Autocomp	10.15	35.13	—	33.72	—
Peer Group
Machino Plastics	2.16	163.18	104.31	1.32	1.38
PPAP Automotive	30.61	222.82	5.82	13.73	0.80