SME

IPO ·

NSE Emerge

Kheria Autocomp Ltd

Listed

Sanand-based plastic injection-moulder of Tier-II auto components for passenger-vehicle OEMs.

Issue details

Price band

₹96 – ₹101

Face value

₹10

Lot size

1,200 shares

Minimum investment

₹2,42,400

Issue size

₹46.44 Cr

Fresh issue

₹46.44 Cr

Offer for sale

—

Issue type

Book Built

Exchange

NSE Emerge

Key dates

Opens

17 Sep 2026

Closes

21 Sep 2026

UPI mandate cut-off

5:00 PM on 21 Sep 2026

Allotment

22 Sep 2026

Refunds

23 Sep 2026

Shares in demat

23 Sep 2026

Listing

24 Sep 2026

Subscription and listing

Subscription

2.12x

Listing price

₹104.90

Registrar

KFin Technologies Ltd

Lead manager

SMC Capitals Ltd

Subscription by category

Total

2.12x

Total applications

2,264

Anchor investors

Amount raised

₹13.24 Cr

Bid date

16 Sep 2026

50% lock-in ends

22 Oct 2026

Rest lock-in ends

21 Dec 2026

Listing day

Issue price

₹101

Open

₹104.90

High

₹106.50

Low

₹101.10

Day close

₹103.05

Listing gain at open

+3.86%

Issue structure

Shares reserved per category and share of the total issue

QIB

21,84,000

47.49%

Anchor Investor

13,10,400

28.50%

QIB (Ex. Anchor)

8,73,600

19.00%

NII

6,55,200

14.25%

bNII > ₹10L

4,35,600

9.47%

sNII < ₹10L

2,19,600

4.78%

Retail

15,28,800

33.25%

Market Maker

2,30,400

5.01%

Total

45,98,400

100.00%

Finaccle’s quick read

Apply

Income up 30% and PAT up 39% in FY26 with ROE of 33.72%, debt/equity of 0.89, post-issue P/E of 14.01 and an all-fresh issue for capex.

A rules-based screen of growth, margins, debt and valuation, built from the offer document and data on Chittorgarh.com. It is for information only and is not investment advice or a recommendation to buy or sell. Read the RHP and speak to a SEBI-registered adviser before you apply.

About the company

Kheria Autocomp makes plastic injection-moulded parts for cars, such as interior trims, exterior parts, under-hood components and HVAC ducts. It works from a plant in the Tata Vendor Park at Sanand, Gujarat, supplying Tier-I vendors to passenger vehicle makers for both petrol/diesel and EV models. It has about 113 employees and reported total income of ₹120.30 Cr in FY26.

Founded

2009

2009

Promoters

Tara Chand Kheria, Vinay Kheria, Sushma Kheria, Santosh Devi Kheria

Tara Chand Kheria, Vinay Kheria, Sushma Kheria, Santosh Devi Kheria

Products and segments

Plastic injection-moulded auto components: interior cabin trims, exterior plastic parts, under-hood components, HVAC ducts (ICE and EV)

Plastic injection-moulded auto components: interior cabin trims, exterior plastic parts, under-hood components, HVAC ducts (ICE and EV)

Promoter holding

100% pre-issue; 70.99% post-issue

100% pre-issue; 70.99% post-issue

Financial performance

Restated figures in ₹ crore, latest period first

₹ crore, latest first. Full table on desktop.

Period

Total income

Income

EBITDA

PAT

Net worth

Borrowings

Debt

Assets

FY26

FY26

120.30

120.30

22.90

11.42

11.42

39.52

35.03

35.03

106.23

FY25

FY25

92.31

92.31

16.18

8.24

8.24

28.24

30.90

30.90

81.79

FY24

FY24

62.40

62.40

9.76

3.31

3.31

20.00

18.83

18.83

53.14

ROE

33.72%

ROCE

26.89%

Debt / equity

0.89

PAT margin

9.52%

P/E post issue

14.01

Market cap

₹160.07 Cr

Use of IPO money

Capex for new auto components facility at GIDC Sanand

₹39.96 Cr

General corporate purposes

₹1.43 Cr

Issue expenses

₹5.06 Cr

Strengths

✓

Consistent growth: income up 30% and PAT up 39% in FY26

✓

Plant located inside Tata Vendor Park at Sanand

✓

Parts serve both ICE and EV passenger vehicles

✓

Healthy ROE of 33.72% and ROCE of 26.89%

✓

Entirely fresh issue funding capacity expansion

Risks to watch

!

Tier-II supplier dependent on a few Tier-I vendors and OEMs

!

Tied to the cyclical passenger vehicle market

!

Debt/equity of 0.89 with borrowings rising

!

New plant adds execution risk

!

Shares traded below issue price within a month of listing

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Last updated:

Information is compiled from exchange notices and the company’s offer document. It is for general information only and is not investment advice or a recommendation to apply. Read the prospectus before investing.