Kheria Autocomp IPO Analysis & Review

Quick Answers

What is the Kheria Autocomp IPO GMP today? The Kheria Autocomp IPO GMP is ₹10 as of 16/9/2026, 6:13:49 am. The IPO price band is ₹96 - ₹101. GMP represents an unofficial grey-market indication and does not guarantee the listing price.

When does Kheria Autocomp IPO open? The Kheria Autocomp IPO opens on 2026-09-17 and closes on 2026-09-21.

What is the Kheria Autocomp IPO subscription status? The overall subscription is 0x.

Key IPO Information

ViewIPO AI Analysis Score

The Kheria Autocomp IPO scored 61/100 (Moderate Risk) in our deep analysis.

Frequently Asked Questions

What is the core business of Kheria Autocomp Limited?

Kheria Autocomp Limited is a Tier-II auto ancillary company engaged in plastic injection moulding and sub-assembly operations, manufacturing interior trims, exterior parts, under-hood components, and HVAC ducts for Tier-I automotive vendors.

What are the key IPO issue details for Kheria Autocomp?

The IPO has a total issue size of Rs 46.44 crore, with a price band set between Rs 96 and Rs 101 per share. The minimum application lot size is 1,200 shares.

How will the proceeds from the IPO be utilized?

Net proceeds from the fresh issue will be used to part fund capital expenditure for setting up a new manufacturing facility for plastic moulded auto components (Rs 39.96 crore) and for general corporate purposes.

Where is Kheria Autocomp's manufacturing plant located?

The company operates a 3-acre manufacturing facility inside Tata Vendor Park, Sanand, Gujarat, equipped with 30 injection moulding machines and an installed capacity of 5,400 MTPA.

What is Kheria Autocomp's revenue and net profit growth history?

Revenue from operations grew from Rs 62.32 crore in FY24 to Rs 92.07 crore in FY25 and Rs 120.01 crore in FY26. Net profit (PAT) increased from Rs 3.31 crore in FY24 to Rs 8.24 crore in FY25 and Rs 11.42 crore in FY26.

What are the primary risk factors for Kheria Autocomp?

Key risks include significant dependency on a limited number of Tier-I customers (top 10 generated 99.95% of FY26 revenue), extreme geographical concentration in Gujarat (99.96% of FY26 revenue), and reliance on customer-approved raw material suppliers.

What is the schedule for the Kheria Autocomp IPO?

The IPO opens on September 17, 2026, closes on September 21, 2026, with allotment finalized on September 22, 2026, and a tentative listing date of September 24, 2026.

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Kheria Autocomp Logo

Kheria AutocompNSE SME / BSE SME:

Analyzed by ViewIPO Financial Research Team
Auto AncillaryIndiaFiled 2026-09-17Listing 2026-09-24Size ₹46.48Cr
Lot Size 1200

Is Kheria Autocomp IPO Good? Quick Verdict

Kheria Autocomp IPO scored 61/100 (Moderate Risk) in our deep analysis. The strongest pillar is Financial at 80/100, while Competition is the primary concern at 35/100. Kheria Autocomp demonstrates strong revenue and net profit growth as a Tier-II auto component manufacturer, but carries severe client and geographic concentration risks.

IPO Score
61/100
Moderate Risk

Quick Verdict

Strong revenue trajectory growing from Rs 62.32 Cr in FY24 to Rs 120.01 Cr in FY26.
Substantial profitability growth with net profit expanding to Rs 11.42 Cr in FY26.
Extreme client concentration with top 10 customers generating 99.95% of total revenue in FY26.
Heavy geographical risk with 99.96% of FY26 revenue coming from Gujarat.
Raw material procurement is strictly restricted to customer-approved suppliers.

Company Snapshot

Revenue (TTM)
₹120.01Cr↑ 30.35% YoY
Profitability
PositiveNet Income ₹11.42Cr
Gross Margin
 
Market Cap
Pending Data
IPO Size
₹46.48Cr 
Industry
Auto Ancillary 
P/E Ratio
Pending Data

Risk Breakdown

Governance
65
Moderate
Financial
80
Excellent
Valuation
50
Expensive
Competition
35
High Risk
Dilution
70
Moderate
Promoter / Mgmt
60
Moderate

AI Summary

Kheria Autocomp Limited is a Tier-II automotive ancillary manufacturer incorporated in 2009, operating a plastic injection moulding facility in Sanand, Gujarat. The company has delivered impressive financial expansion, with annual revenue rising from Rs 62.32 crore in FY24 to Rs 120.01 crore in FY26, alongside a net profit increase from Rs 3.31 crore to Rs 11.42 crore. However, Kheria Autocomp Limited exhibits extreme revenue concentration, deriving over 99.9% of its business from its top 10 customers based almost entirely in Gujarat. Proceeds from its Rs 46.44 crore fresh issue will primarily fund a new manufacturing facility to meet growing component demand.

Overall Verdict: Kheria Autocomp demonstrates strong revenue and net profit growth as a Tier-II auto component manufacturer, but carries severe client and geographic concentration risks.

Key Highlights

  • Operates a 3-acre manufacturing plant at Tata Vendor Park, Sanand, Gujarat, with 5,400 MTPA installed capacity across 30 injection moulding machines.
  • Functions as a Tier-II supplier producing interior trims, exterior parts, under-hood components, and HVAC ducts for ICE and EV vehicles.
  • Revenue from operations grew consistently from Rs 62.32 crore (FY24) to Rs 92.07 crore (FY25) and Rs 120.01 crore (FY26).
  • Net profit (PAT) increased from Rs 3.31 crore in FY24 to Rs 8.24 crore in FY25 and Rs 11.42 crore in FY26.
  • 100% fresh issue IPO of Rs 46.44 crore, allocating Rs 39.96 crore toward setting up a new manufacturing facility.
  • Equipped with advanced automation, over 20 industrial robots, and a 636 kW rooftop solar power plant.

Financial Performance

Revenue (Annual)

+30.3% YoY

INR in Crores

Net Income (Annual)

+38.6% YoY

INR in Crores

Cash Flow vs Profit

+209.9% YoY

INR in Crores

CF
NP

EBITDA vs PAT

EBITDA YoY

INR in Crores

EBITDA
PAT

IPO Timeline

IPO Opens2026-09-17
IPO Closes2026-09-21
Basis of Allotment2026-09-22
Refunds & Demat2026-09-23
Listing Date2026-09-24

Valuation Analysis

IPO Price₹96 - ₹101
Estimated Fair Value
Pending Data
Valuation Premium
Pending
vs Fair Value

IPO DNA

Growth
58
Governance
65
Profitability
80
Valuation
50
Competition
35
Execution
60

Pros vs Cons

Pros

  • Consistent financial growth with operational revenue expanding to Rs 120.01 Cr and PAT reaching Rs 11.42 Cr in FY26.
  • Strategic location within Tata Vendor Park at Sanand, Gujarat, ensuring reduced logistics costs and fast turnaround times for Tier-I clients.
  • High level of manufacturing automation featuring over 20 industrial robots and specialized core-pulling moulding techniques.
  • Effective operational cost control with quality-related costs maintained under 1% of total revenue over FY24-FY26.

Cons

  • Severe client concentration as top 10 Tier-I customers account for 99.95% of operational revenue in FY26.
  • High geographical concentration risk with 99.96% of total revenue tied to operations in Gujarat.
  • Dependency on customer-nominated suppliers for raw plastic resin procurement, limiting purchasing flexibility.
  • Involvement in pending legal proceedings involving the company, its promoter, and directors.

Financial Health

Revenue Growth
Expanded from Rs 62.32 Cr in FY24 to Rs 120.01 Cr in FY26 (Excellent)
Debt Level
Outstanding borrowings of Rs 33.04 Cr as of June 30, 2026 (Moderate)
Cash & Equivalents
Operating cash flow generated Rs 26.03 Cr in FY26 (Good)

Institutional Signals

Anchor Investors
Undisclosed
VC Backing Tier
None
Strategic Partners
Tier-II supplier relationships with Tier-I automotive component vendors

Kheria Autocomp IPO Reddit Pulse & Sentiment

Real-time Reddit discussions & retail sentiment

No Public Data Available

We couldn't find any significant public discussions or retail sentiment threads for this IPO at the moment.

Disclaimer: These are raw community discussions aggregated from public forums. The AI summary and Reddit comments do not constitute financial advice. Always conduct your own independent research.

Kheria Autocomp IPO — Frequently Asked Questions

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IPO Terminology Explained

Confused by terms like GMP, Kostak, or Subject to Sauda? Read our detailed guides in the IPO Glossary to understand the terminology before you invest.

View Full Glossary

Source Citation: All financial data and risk metrics are derived from the official prospectus filed with the regulator (SEBI DRHP/RHP). ViewIPO algorithms process this public data for informational purposes. Not financial advice.

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Frequently Asked Questions about Kheria Autocomp

What is the expected listing price of Kheria Autocomp?

The expected listing price depends on the live Grey Market Premium. Check the live GMP and expected listing price for Kheria Autocomp on our Live GMP Tracker.