Kheria Autocomp IPO Review: Key Details, Company Overview and Financials

The Kheria Autocomp IPO is a bookbuilding issue consisting solely of a fresh issue of up to 46,00,000 equity shares of face value Rs 10 each, with a portion reserved for the market maker as is standard for SME issues. The IPO will open for subscription on 17 September 2026 and close on 21 September 2026. The shares are proposed to list on the SME platform of NSE around 24 September 2026.

As of the time of writing, the official price band, lot size and minimum investment amount for the Kheria Autocomp IPO had not yet been announced. Investors should refer to the RHP or the company's official announcements closer to the issue opening for these confirmed figures.

SMC Capitals Ltd. is the book-running lead manager for the Kheria Autocomp IPO, while KFin Technologies Ltd. is the registrar to the issue.

For detailed information on the company's business, financials, risk factors and the proposed utilisation of proceeds, investors should refer to the Kheria Autocomp IPO Red Herring Prospectus (RHP) before making an investment decision.

Click Here – Get Free Investment Predictions

Company Overview

Incorporated in November 2009, Kheria Autocomp Limited is an auto ancillary unit engaged in plastic injection moulding and sub-assembly operations, primarily for the automotive sector. The company's product portfolio includes interior cabin trims, exterior plastic parts, under-hood components, and heating, ventilation and air-conditioning (HVAC) ducts, catering to both internal combustion engine and electric vehicles.

Kheria Autocomp operates as a Tier-II supplier, manufacturing moulded plastic components to specification for Tier-I vendors, who in turn supply original equipment manufacturers (OEMs) in the passenger vehicle segment. The company's manufacturing facility is located at Sanand, Gujarat, within the Tata Vendor Park, spanning about 3 acres and equipped with 30 injection moulding machines with capacities ranging from 120 to 1,700 tons.

Read on for the complete Kheria Autocomp IPO details, including price band, lot size, listing timeline and the company's financial track record.

IPO Details

Particulars	Details
IPO Date	17 to 21 September 2026
Listing Date	24 September 2026 (tentative)
Face Value	Rs 10 per share
Price Band	Not yet officially announced
Lot Size	Not yet officially announced
Issue Type	Bookbuilding IPO
Sale Type	Fresh Issue only (no OFS)
Total Issue Size	Up to 46,00,000 shares
Listing Exchange	NSE SME

(Compiled from the RHP/DRHP and market updates)

Industry Context

• India's auto ancillary plastic injection moulding segment serves as a critical Tier-II layer in the automotive supply chain, producing interior, exterior and under-hood components to precise specifications for Tier-I suppliers and, ultimately, OEMs.
• Growth in passenger vehicle production, along with increasing use of plastic components to reduce vehicle weight and cost, supports steady demand for injection-moulded automotive parts.
• Component makers serving both ICE and EV platforms, as Kheria Autocomp does with items like battery-adjacent HVAC ducts and cabin trims, can capture demand regardless of how quickly a given OEM's model mix shifts towards electrification.
• Location within organised vendor parks, such as Tata Vendor Park in Sanand, can provide logistics and supply-chain advantages for auto component manufacturers co-located near OEM assembly plants.
• Plastic injection moulding businesses are sensitive to polymer resin price volatility and to the production volumes and sourcing decisions of their Tier-I and OEM customers.

Business Strengths

Here are the key strengths investors evaluating the Kheria Autocomp IPO should weigh:

• An established operating history since 2009 as a Tier-II auto ancillary supplier, with a manufacturing facility located within the organised Tata Vendor Park in Sanand, Gujarat.
• Strong recent financial growth, with FY25 revenue up 48 percent to Rs 92.31 crore and profit after tax up 149 percent to Rs 8.24 crore over FY24.
• Healthy return and margin metrics, with ROE of 34.18 percent, EBITDA margin of 17.58 percent and PAT margin of 8.95 percent.
• A diversified product portfolio spanning interior trims, exterior parts, under-hood components and HVAC ducts, serving both ICE and EV vehicle platforms.

Screen auto components and EV supply chain stocks on the Univest Screener

Business Risks

Alongside these strengths, the Kheria Autocomp IPO also carries the following business risks:

• As a Tier-II supplier, the company depends on Tier-I vendors and, ultimately, OEM production volumes and sourcing decisions, over which it has limited direct control.
• The official price band and valuation ratios were not available at the time of writing, making an early assessment of the issue's pricing difficult for prospective investors.
• The business is exposed to polymer resin price volatility, which can affect margins on fixed supply contracts.
• As with any SME stock, Kheria Autocomp shares may see limited post-listing liquidity and price volatility.

Financial Performance

The Kheria Autocomp IPO comes after a period of strong financial improvement. The company's revenue increased by around 48 percent and profit after tax rose by around 149 percent between the year ended 31 March 2024 and 31 March 2025.

Kheria Autocomp Ltd. – Financials (Rs in Lakh)

Particulars	Fiscal 2025	Fiscal 2024
Revenue	9,231.00	6,240.00
Profit After Tax (PAT)	824.00	331.00
PAT Margin (%)	8.95%	Not separately disclosed
EBITDA Margin (%)	17.58%	Not separately disclosed

Amounts in Rs Lakh unless stated otherwise, compiled from published Kheria Autocomp IPO financial disclosures. FY26 figures and full balance sheet items (net worth, borrowings) were not separately available in the sources used for this review; investors should refer to the RHP for the complete restated financial statements.

Key Ratios and Metrics

The table below summarises the key ratios and metrics relevant to the Kheria Autocomp IPO as of the latest reported period.

These ratios offer a quick snapshot of how the Kheria Autocomp IPO is priced relative to the company's profitability and net worth.

KPI (Mar 31, 2025)	Value
Return on Equity (ROE)	34.18%
EBITDA Margin	17.58%
PAT Margin	8.95%

Objects of the Offer

The company has stated it proposes to utilise the net proceeds from the Kheria Autocomp IPO towards general corporate purposes and business growth, though the detailed, itemised objects of the issue were not separately available in the sources used for this review.

• Business growth and working capital requirements
• General corporate purposes

Download the Univest iOS App or Univest Android App to track the Kheria Autocomp IPO and get daily stock recommendations.

Conclusion

Here is the bottom line on the Kheria Autocomp IPO.

The Kheria Autocomp IPO reflects an established Tier-II auto ancillary plastic injection moulding business with strong recent revenue and profit growth and healthy return ratios, operating from a well-located facility within an organised vendor park.

However, the official price band was not yet available at the time of writing, and dependence on Tier-I and OEM customers, polymer price volatility, and typical SME liquidity risk are factors that could affect the investment case for the Kheria Autocomp IPO.

Overall, investors weighing the Kheria Autocomp IPO should evaluate the company's business model, financial performance, industry outlook, competitive positioning, valuation and risk factors in detail once the official price band is announced, and carefully review the Red Herring Prospectus (RHP) before making an informed investment decision.

Univest does not publish grey market premium figures. Grey market premium is an unofficial and unregulated indicator collected informally outside the stock exchanges. It is not published, verified or endorsed by SEBI, NSE or BSE, can vary widely between trackers, and is not always accurate.

FAQs

What are the Kheria Autocomp IPO dates, and when will it list?

Ans. The Kheria Autocomp IPO opens for subscription on 17 September 2026 and closes on 21 September 2026. The shares are tentatively scheduled to list on the SME platform of NSE around 24 September 2026.

What is the price band for the Kheria Autocomp IPO?

Ans. As of the time of writing, the official price band and lot size for the Kheria Autocomp IPO had not yet been announced. Investors should check the company's official announcements or the RHP closer to the issue opening date on 17 September 2026 for the confirmed price band and minimum investment amount.

What does Kheria Autocomp Limited actually manufacture?

Ans. Kheria Autocomp manufactures plastic injection moulded components for the automotive industry, including interior cabin trims, exterior plastic parts, under-hood components, and heating, ventilation and air-conditioning (HVAC) ducts. The company operates as a Tier-II supplier, producing these components to specification for Tier-I vendors who then supply original equipment manufacturers in the passenger vehicle segment, serving both internal combustion engine and electric vehicle platforms.

Where is Kheria Autocomp's manufacturing facility located?

Ans. The company's manufacturing facility is located at Sanand, Gujarat, within the organised Tata Vendor Park, spanning approximately 3 acres of land. The facility is equipped with 30 injection moulding machines with capacities ranging from 120 to 1,700 tons, supporting the production of its range of automotive plastic components.

Is the Kheria Autocomp IPO a fresh issue or does it include an offer for sale?

Ans. The Kheria Autocomp IPO consists solely of a fresh issue of up to 46,00,000 equity shares, with no offer for sale component, meaning subject to issue expenses, all proceeds raised will flow into the company rather than providing an exit for existing shareholders.

What are the key strengths highlighted for the Kheria Autocomp IPO?

Ans. Kheria Autocomp has delivered strong recent financial growth, with FY25 revenue up 48 percent to Rs 92.31 crore and profit after tax up 149 percent to Rs 8.24 crore over FY24, supported by healthy metrics including ROE of 34.18 percent, EBITDA margin of 17.58 percent and PAT margin of 8.95 percent. The company's location within the organised Tata Vendor Park in Sanand, alongside its diversified product portfolio spanning both ICE and EV-relevant components, are additional positives for a company of its scale.

What are the main risks or concerns flagged for the Kheria Autocomp IPO?

Ans. The most immediate practical concern is that the official price band and valuation ratios were not available at the time of writing, making it difficult for prospective investors to assess whether the issue is attractively priced until this is confirmed. As a Tier-II supplier, Kheria Autocomp's business depends significantly on Tier-I vendors and, ultimately, OEM production volumes and sourcing decisions, over which it has limited direct control, and the business remains exposed to polymer resin price volatility. As with any SME stock, post-listing liquidity may also be limited.

Who are the lead manager and registrar for the Kheria Autocomp IPO?

Ans. SMC Capitals Ltd. is the book-running lead manager for the Kheria Autocomp IPO, responsible for structuring and managing the offer process. KFin Technologies Ltd. is the registrar to the issue and will handle the allotment process and crediting of shares to successful applicants' demat accounts.

Is the Kheria Autocomp IPO a good investment?

Ans. Kheria Autocomp offers exposure to an established, well-located Tier-II auto ancillary business with strong recent growth and healthy return ratios, which will interest investors comfortable with the SME auto components space. However, with the official price band not yet available, a full valuation assessment is not yet possible, and dependence on Tier-I and OEM customers remains a structural risk. As always, investors should wait for the official RHP, study the final price band, and assess their own risk appetite before applying.