Kheria Autocomp (SME IPO)
📅 Dates: 17-21 September • 💰 Issue Size: ₹46.44 Cr.Complete guide to Kheria Autocomp SME IPO: latest Grey Market Premium (GMP), live bidding subscription status, price band, lot size, financial report, and investment analysis.
📊 Overview & Key Highlights
| Parameter | Details |
|---|---|
| Issue Type | SME IPO (NSE SME) |
| Issue Dates | 17-21 September |
| Price Band | ₹96 to ₹101 |
| Total Issue Size | ₹46.44 Cr. |
| Minimum Market Lot | 2,400 shares (Min. Inv: ₹2,42,400) |
| Listing Price (Debut) | ₹104.90 (+₹3.90 (+3.86%) 🚀) |
| Subscription Status | 2.47x (Final / Bidding Closed) |
| Investor Demand Rating | ⭐⭐⭐☆☆ (3/5 - Moderate Demand) |
📅 Tentative Timetable
| IPO Open Date: | September 17, 2026 |
| IPO Close Date: | September 21, 2026 |
| Basis of Allotment: | September 22, 2026 |
| Refunds: | September 23, 2026 |
| Credit to Demat Account: | September 23, 2026 |
| IPO Listing Date: | September 24, 2026 |
📈 Live Subscription Demand
| Category | Subscription Multiplier (x) |
|---|---|
| Qualified Institutional (QIB) | 1.05x |
| Non-Institutional / HNI | 2.97x |
| Retail Individual (RII) | 3.07x |
| Total Subscription | 2.47x (Updated: 07 Oct, 17:54) |
💼 Market Lot & Investment Sizing
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 2 | 2,400 | ₹2,42,400 |
| Retail Maximum | 2 | 2,400 | ₹2,42,400 |
| S-HNI Minimum | 3 | 3,600 | ₹3,63,600 |
| S-HNI Maximum | 8 | 9,600 | ₹9,69,600 |
| B-HNI Minimum | 9 | 10,800 | ₹10,90,800 |
💰 Financial Summary
| Period Ended | Revenue | Expense | PAT | Assets |
| 2024 | ₹62.40 | ₹57.27 | ₹3.31 | ₹53.14 |
| 2025 | ₹92.31 | ₹81.87 | ₹8.24 | ₹81.79 |
| 2026 | ₹120.30 | ₹104.67 | ₹11.42 | ₹106.23 |
🎯 Investment Analysis & Verdict
📌 Business Model & Revenue Streams
Kheria Autocomp is a Tier-II auto ancillary manufacturer specializing in plastic injection moulding and sub-assemblies for both internal combustion engine (ICE) and electric vehicles (EVs). The company earns its revenue by supplying a diverse product portfolio—including cabin trims, exterior parts, under-hood components, and HVAC ducts—to Tier-I auto suppliers and OEMs.🚀 Key Strengths & Growth Drivers
• EV & ICE Agnostic Portfolio: Product offerings cater to both traditional and electric vehicles, protecting the business from sudden powertrain shifts.• Established Manufacturing Hub: Strategically located in Sanand, Gujarat, with a robust facility housing 30 high-capacity injection moulding machines ranging from 120 to 1,700 tons.
• Growth Capital Injection: The primary objective of the IPO is to fund a new manufacturing facility in Sanand, directly supporting future capacity expansion and revenue scaling.
⚠️ Key Risks & Red Flags
• Tier-II Margin Pressure: Operating as a Tier-II supplier means high bargaining power lies with Tier-I companies and OEMs, which can squeeze operating margins.• Geographical and Facility Concentration: Operations are heavily anchored around a single manufacturing location in Sanand, Gujarat, creating asset concentration risks.
• SME Liquidity Constraints: With a steep minimum lot size of 2,400 shares (amounting to ~₹2.42 lakhs at the upper price band), retail secondary market liquidity post-listing could be thin.
🎯 Retail Verdict
While Kheria Autocomp offers a pure-play play on the auto ancillary and EV growth story with clean expansion plans, the high entry barrier of a ~₹2.4L SME lot size warrants caution. Retail investors should weigh their risk appetite against SME segment volatility before applying.🏢 About Kheria Autocomp | Dates: 17-21 September | Price: ₹96 to ₹101 | Lot: 2,400
Set up in 2009, Kheria Autocomp is a prominent auto ancillary unit that is involved in the business of plastic injection moulding. The firm mainly manufactures plastic injection moulding and sub-assembly operations, supplying them to automobile companies. Its 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 (EVs).Kheria Autocomp operates as a Tier-II supplier, where they supply plastic parts to Tier-I companies. These Tier-I companies then supply the parts to original equipment manufacturers (“OEMs”) in vehicle categories. Moreover, its manufacturing facility is located at Sanand, Gujarat, spanning an area of 3 acres of land. The facility includes 30 injection moulding machines with capacities from 120 to 1,700 tons.
🎯 Objects of the Issue
• Part funding of capital expenditure for setting up of new manufacturing facility for plastic moulded auto components at GIDC Sanand Industrial Park; and: ₹39.95 Cr• General Corporate Purpose*
📬 Registrar & Allotment Information
Kfin Technologies Ltd. Phone: 04067162222, 04079611000 Email: [email protected] Website: IPO Allotment Status💬 Community Discussion & Views
Are you planning to apply for the Kheria Autocomp IPO? Share your bidding strategy, allotment status, or listing expectations with fellow investors below!👉 Browse all upcoming Mainboard & SME IPOs on UNP
Disclaimer: All IPO details provided above are for educational and informational purposes only. Readers are advised to consult their financial advisors and review the Red Herring Prospectus (RHP) before investing.
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