Kheria Autocomp IPO
smelistedAbout the company
Kheria Autocomp, incorporated in November 2009, manufactures plastic injection-moulded components and undertakes basic sub-assembly operations for the automotive industry. It operates as a Tier-II supplier, producing parts to the specifications of Tier-I vendors that supply passenger vehicle original equipment manufacturers. The company’s product portfolio includes interior cabin trims, exterior plastic parts, under-hood components and heating, ventilation and air-conditioning ducts for internal combustion engines and electric vehicles. The company previously served the white goods segment, but its current focus is automotive plastic moulded parts. Sale of manufactured products accounted for 100% of FY26 revenue. Gujarat accounted for 99.96% of FY26 revenue, followed by Maharashtra at 0.03% and West Bengal at 0.01%. The revenue contribution of the largest client was 30.03%, while that of the top 5 clients stood at 97.32%. The company is associated with Tier-I suppliers of automotive components and gets repeat orders. It procures its raw materials from authorised suppliers, including suppliers nominated by its clients, while the clients themselves give moulds/dies for production. The company has a manufacturing plant occupying around three acres at Tata Vendor Park, Sanand, Gujarat, with 30 injection moulding machines with capacities of 120-1,700 tonnes. Installed capacity increased from 4,200 tonnes per annum in FY25 to 5,400 tonnes in FY26. FY26 production reached 5,061.45 tonnes, with capacity utilisation of 93.73%, compared with 98.90% in FY25 and 76.55% in FY24.
GMP trend (Grey Market Premium by date)
| Date | GMP (₹) | Est. Listing | Change |
|---|---|---|---|
| 16 Sep | ₹10 | ₹111 | 0 |
| 15 Sep | ₹10 | ₹111 | +10 |
| 14 Sep | ₹0 | ₹101 | 0 |
| 13 Sep | ₹0 | ₹101 | 0 |
| 12 Sep | ₹0 | ₹101 | 0 |
| 11 Sep | ₹0 | ₹101 | 0 |
| 10 Sep | ₹0 | ₹101 | 0 |
| 09 Sep | ₹0 | ₹101 | 0 |
Strengths
- Established presence in automotive plastic component manufacturing
- Experienced promoters and management team
- Strong growth in revenue and profitability in recent years
- Established relationships with Tier-I automotive suppliers
- Product portfolio serves both internal-combustion and electric vehicles
- Modern injection moulding machinery and in-house quality capabilities
- Manufacturing facility located within Tata Vendor Park, Sanand
- Focus on sustainability through solar power and water-recharge initiatives
Risks
- Very high dependence on a limited number of customers
- Significant exposure to customers located in Gujarat
- Dependence on Tier-I vendors and OEM production cycles
- Operations are currently concentrated in a single manufacturing facility
- Raw-material price fluctuations can affect margins
- Automotive industry demand is cyclical and sensitive to economic conditions
- Proposed new manufacturing facility faces execution and approval risks
Financial performance (₹ Cr)
Subscription breakup (final, times)
IPO Roadmap / Timeline
IPO Opens
Completed17 Sept 2026Bidding starts for all investor categories
IPO Closes
Completed21 Sept 2026Last day to place your bid
Basis of Allotment
Completed22 Sept 2026Share allotment finalised
Refund Initiation
Completed23 Sept 2026Refunds credited for non-allottees
Credit to Demat
Completed23 Sept 2026Allotted shares credited to demat account
Listing on Exchange
Completed24 Sept 2026Shares list on NSE / BSE
Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.
Lot size & minimum investment
| Investor Type | Min Lots | Min Shares | Min Amount | Max Lots | Max Amount | Notes |
|---|---|---|---|---|---|---|
| Retail / Individual | 1 | 1200 | ₹121,200 | 1 | ₹121,200 | 1 lot only |
| HNI | 2 | 2400 | ₹242,400 | 2 | ₹242,400 | Min 2 lots |
Shares reserved per category & allotment probability
| Category | Reservation | Shares Offered | Amount (₹ Cr) | Shares Bid | Subscribed | Allotment % |
|---|---|---|---|---|---|---|
| QIB | 50% | 2,335,026 | 23 | 0 | 0.00x | 100% |
| NII | 15% | 700,508 | 6.9 | 875,635 | 1.25x | 80% |
| Retail | 35% | 1,634,518 | 16.1 | 392,284 | 0.24x | 100% |
Retail is a lottery-based allotment when oversubscribed; QIB/NII get pro-rata. Probability ≈ 1 / subscription times (100% if under-subscribed).
