Kheria Autocomp IPO

The Kheria Autocomp SME IPO is open between 17 Sept 2026 and 21 Sept 2026, offered at a price band of ₹96–101 per share, and is set to list on NSE. The IPO seeks to raise ₹46.44 crore. Retail investors bid in lots of 1200 shares, a minimum application of ₹2,42,400.

Issue structure

The IPO is structured entirely as a fresh issue of ₹44.12 crore, so the full proceeds flow to the company to fund its stated objects of the issue.

Objects of the issue

Per the offer document, the company intends to deploy the net proceeds primarily toward part funding of capital expenditure for setting up of new manufacturing facility for plastic moulded auto components at gidc sanand industrial park (₹39.96 crore), alongside issue expenses (₹5.06 crore). In all, 3 objects are disclosed — the full break-up is in the table above.

Financials

In FY2026, Kheria Autocomp reported revenue of ₹120.3 crore and a net profit of ₹11.42 crore. Revenue grew from ₹62.4 crore in FY2024 to ₹120.3 crore in FY2026 (+93.0%). Net worth stood at ₹39.52 crore at the end of FY2026. At the upper band, that puts the issue at roughly 10.0× FY2026 earnings (P/E), a figure worth comparing against listed peers in the sector.

Valuation

At the upper band, the issue is priced at 14.01× post-issue earnings and 4.02× book value, against a return on net worth of 33.72% and a debt-to-equity ratio of 0.89. These ratios come from the offer document and are for comparison, not a recommendation.

Peer comparison

The offer document names listed peers including Machino Plastics and PPAP Automotive, with a median peer P/E of about 55.1×. The issue's own post-issue P/E works out to 14.01×.

Promoters

The promoters of the company are <p>Tara Chand Kheria, Vinay Kheria, Sushma Kheria, Santosh Devi Kheria</p>. Promoter holding stands at 100% before the issue and comes down to 70.99% after listing.

Grey market premium (GMP)

In the unofficial grey market, Kheria Autocomp shares are quoted at a premium of ₹3 implying an expected listing around ₹104, about +3.0% over the upper band. Grey market premium is a sentiment indicator set by private dealers, not the company or the exchange — it moves quickly and is not a reliable predictor of the actual listing price.

Subscription

The Kheria Autocomp IPO was subscribed 2.48 times overall. The strongest demand came from retail investors at 3.08 times, with qualified institutional buyers (QIB) at 1.05× and non-institutional investors (NII) at 2.97×.

Listing performance

Kheria Autocomp listed on 24 Sept 2026 at ₹104.9, a premium of +3.9% over the issue price of ₹101.

What to weigh

When evaluating the Kheria Autocomp IPO, the data points most investors look at are the fresh-issue-versus-OFS split, the revenue and profitability trend, subscription demand across investor categories and the grey market premium. Grey market premium and subscription figures reflect short-term sentiment rather than long-term fundamentals; the figures on this page are for information only and are not investment advice.

About Kheria Autocomp

Incorporated in 2009, Kheria Autocomp Ltd. is an auto ancillary unit engaged in the business of plastic injection moulding, specializing in the manufacture and sub-assembly operations of plastic components, primarily for the automotive sector. The Company operates as a Tier-II supplier, producing moulded plastic components as per specifications for Tier-I vendors who supply to Original Equipment Manufacturers (OEMs) in the passenger vehicle categories. Its product range is supplied for both internal combustion engine and electric vehicles (EVs), including interior cabin trims, exterior plastic parts, under-hood components, and heating, ventilation and air-conditioning (HVAC) ducts. This positioning allows the Company to cater to the growing demand for sustainable and future-oriented mobility solutions within the EV ecosystem. The Company&rsquo;s manufacturing facility is located within the Tata Vendor Park at Sanand, Gujarat, covering an area of approximately 3 acres. The facility is equipped with 30 injection moulding machines with capacities ranging from 120 tons to 1,700 tons. The Company also demonstrates a commitment to sustainability, having installed a 636 kW solar power system and four groundwater recharge wells at its site. As of August 31, 2025, the Company had a team of approximately 113 employees.