Kheria Autocomp Ltd

Kheria Autocomp Ltd IPO

Kheria Autocomp Ltd

₹2,30,400 /2400 sharesMinimum investment

IPO listing details

Listed on
24 Sep '26
Issue price
₹101.00
Listing price
₹104.90
Listing gains
₹3.90 (3.86%)
Exchange
--

IPO details

Minimum investment
₹2,30,400
Price range
₹96 - ₹101
Lot size
1,200
Issue size
46.44 Cr
Face value
10
IPO document

Subscription rate

Qualified Institutional Buyers1.05x
Non-Institutional Investor2.44x
Retail Individual Investor2.97x
Total2.32x
As of 21 Sep'26, 04:55 PM

Schedule

17 Sep 2026
IPO open date
21 Sep 2026
IPO close date
22 Sep 2026
Allotment date
22 Sep 2026
Funds unblock or debit
24 Sep 2026
Tentative listing date

About

Kheria Autocomp Limited, incorporated in 2009, is an auto ancillary company engaged in plastic injection moulding and sub-assembly operations, primarily supplying the automotive sector. It operates as a Tier-II supplier, manufacturing components based on specifications provided by Tier-I vendors serving passenger vehicle OEMs. Its products include interior cabin trims, exterior plastic parts, under-hood components, and HVAC ducts for both internal combustion engine and electric vehicles. The company operates a manufacturing facility at Tata Vendor Park, Sanand, Gujarat, spread across approximately 3 acres. As of FY26, the facility has 30 injection moulding machines with capacities ranging from 120 to 1,700 tonnes and an installed capacity of 5,400 MTPA. The facility also uses automation, robotic systems, and vision measuring equipment. The company is certified under IATF 16949, ISO 45001:2018 and ISO 14001:2015. Use of proceeds: This is a fresh issue of shares. Therefore, the net proceeds from the fresh issue will go to the company. They will be utilised for the following purposes: Part funding of capital expenditure for setting up a new manufacturing facility for plastic moulded auto components – Rs 39.96 crore General corporate purposes ;
Founded in
2009
MD/CEO
Mr Vinay Kheria
Parent organisation
Kheria Autocomp Ltd

Kheria Autocomp Financials

Revenue
Total Assets
Profit
All values are in ₹ Cr
62.3292.07120202420252026

Strengths & Risks

Strengths
Risks
The company claims to have over a decade of experience in plastic injection moulding for the automotive sector. It manufactures components to Tier-I customer specifications and focuses on quality, cost efficiency, and timely delivery. Its management and engineering teams have experience in addressing sector-specific requirements and evolving manufacturing and technological needs.
The company claims to benefit from its manufacturing facility at Tata Vendor Park, Sanand, Gujarat, which is close to major automotive manufacturing hubs, raw material suppliers, and key Tier-I customers. This location is stated to reduce transportation costs and lead times while supporting efficient movement of materials and finished products.
The company claims to have technology-enabled manufacturing capabilities supported by automation and over 20 industrial robots. It has experience with complex moulding techniques, including core-pulling and unscrewing moulds, enabling production of components with intricate geometries and stringent dimensional and functional requirements.
The company claims to have a dedicated in-house quality assurance and testing facility covering dimensional checks and batch validation at different stages of production. It can also install customised testing equipment based on specific customer requirements. Quality-related costs remained below 1% of total revenue during FY24-FY26.
The company claims to source raw materials from established and approved suppliers, including customer-nominated vendors, while considering specifications such as colour, quality and grade certifications. Its lean inventory approach aligns procurement with confirmed orders and production forecasts, supporting working capital management, batch consistency and reduced material obsolescence.
The company claims to have developed longstanding relationships with Tier-I automotive component manufacturers and OEM suppliers through consistent delivery, adherence to technical specifications and alignment with customer requirements.
The company claims to have integrated sustainability measures into its manufacturing operations, including a 636 kW rooftop solar power plant and four groundwater recharge wells. The solar installation meets a part of its energy requirements and reduces dependence on grid electricity, while the recharge wells support water conservation and groundwater replenishment.
The company has seen a consistent increase in revenue from operations and PAT. Revenue from operations increased from Rs 62.32 crore in FY24 to Rs 92.07 crore in FY25 to Rs 120.01 crore in FY26, while PAT increased from Rs 3.31 crore in FY24 to Rs 8.24 crore in FY25 to Rs 11.42 crore in FY26.
The company is highly dependent on a limited number of Tier-I vendors, whose procurement is linked to OEM production cycles in the automotive sector. Its top 10 customers contributed Rs 119.95 crore (99.95%), Rs 92.06 crore (99.99%), and Rs 62.30 crore (99.96%) to revenue from operations in FY26, FY25, and FY24, respectively. Any reduction, delay, or discontinuation of purchases by these customers due to lower OEM production, pricing pressures, vendor rationalisation, or technological changes such as the shift toward electric vehicles could adversely affect the company’s business and financial performance.
The company’s revenue is highly concentrated among customers based in Gujarat, which accounted for 99.96%, 99.92%, and 99.88% of its revenue from operations in FY26, FY25, and FY24, respectively. Any adverse economic, political, regulatory, labour-related, or environmental developments in Gujarat, including disruptions to logistics or supply chains and localised slowdowns, could hurt the company’s operations and financial performance.
The company procures plastic resins and other raw materials only from vendors approved by its customers, limiting its ability to switch suppliers or negotiate alternative terms. Its top 10 suppliers accounted for Rs 62.95 crore (77.48%), Rs 48.59 crore (78.64%), and Rs 34.72 crore (87.41%) of raw material consumed in FY26, FY25, and FY24, respectively. Disruption in the supply of customer-approved raw materials could hurt production schedules, increase operating costs, and adversely affect the company’s business and financial performance.
The company has experienced fluctuations in operating cash flows and negative cash flows from investing activities in recent years. The company’s cash flows from operating activities have fluctuated in the past, declining from Rs 9.82 crore in FY24 to Rs 8.40 crore in FY25 before increasing to Rs 26.03 crore in FY26. These fluctuations were primarily due to changes in working capital requirements, including movements in trade receivables and inventories, partially offset by changes in trade payables. Investing activities recorded net cash outflows of Rs 26.64 crore, Rs 17.98 crore, and Rs 15.33 crore during the same periods, primarily due to purchases of property, plant and equipment, capital advances for a new plant, and increases in fixed deposits. Sustained negative cash flows or an increase in working capital requirements due to delays in receivables collection, higher inventory levels, or increases in raw material prices could hurt the company’s ability to meet its cash requirements and implement its growth plans.
The company, its promoter and director are involved in certain legal proceedings pending before various courts and forums. Any adverse decision in these proceedings could adversely affect the company’s business, results of operations and financial condition.
The company’s business is subject to seasonal fluctuations in demand from the automotive sector, with consumer demand generally highest during September and October due to the Diwali season and lowest toward the end of the calendar year. Since orders from Tier-I customers are linked to OEM production and vehicle launch cycles, such seasonality may cause quarterly variations in the company’s sales and results of operations.
As of June 30, 2026, the company had outstanding borrowings of Rs 33.04 crore. Any inability to service or repay these borrowings or meet its working capital requirements could adversely affect the company’s business and financial condition.

Application details

For Kheria Autocomp IPO, eligible investors can apply as Individual investor.

Apply asPrice bandApply rangeLot size
Individual investor₹96 - ₹101₹2 - ₹5 Lakhs1200

About

Objectives of Kheria Autocomp IPO Proceeds

Particulars

Estimated Amount

(in ₹ Cr.)

Part funding of capital expenditure for setting up of new manufacturing facility for plastic moulded auto components

39.96

General corporate purposes

[.]

Total

[.]

Book Running Lead Manager & Registrar of Kheria Autocomp IPO

Book Running Lead Manager

SMC Capitals Limited

Registrar to the Issue

KFin Technologies Limited

Key Performance Indicators (KPIs) of Kheria Autocomp Ltd.

KPI

Value (for the fiscal year ended March 31, 2026)

ROE (%)

33.72

ROCE (%)

26.89

EBITDA Margin (%)

19.08

PAT Margin (%)

9.52

Debt-to-equity Ratio (times)

0.89

Return on Net Worth (RoNW) (%)

33.72

Net Asset Value (NAV) per Equity Share (₹)

35.13

Kheria Autocomp IPO Contact Details

Company Name

Kheria Autocomp Limited

Registered Office

Plot No. B6, B7 & B8, Tata Vendor Park, Revenue Survey No.1, Village. Northkot Pura, Sanand382170, Gujarat, India

Phone

+91 98310 32670

Email

[email protected]

Website

www.kheria.com

Kheria Autocomp IPO Registrar Contact Details

Company Name

KFin Technologies Limited

Phone

+91 40 6716 2222 / 1800 309 4001

Email

[email protected]

Website

www.kfintech.com

Frequently Asked Questions