Kheria Autocomp Ltd IPO
Auto Ancillaries
Price Band
₹96 – ₹101
Lot Size
1200
Minimum Bid Quantity
2400
Minimum Investment
₹242400
Issue Size
₹46.44Cr
Opens
2026-09-17
Closes
2026-09-21
Listing
24-09-2026
Subscription Status
Qualified Institutional Buyers
1.05 x
Non-Institutional Investor
2.44 x
Retail Individual Investor
2.97 x
Total
2.32 x
IPO Details
Issue Type
EQUITY
Face Value
₹10
Tick Size
1
ISIN
INE0HOL01013
Pre-Apply Available
No
Daily Bidding Time
10:00:00 - 17:00:00
About the Company
Kheria Autocomp Limited, incorporated in 2009, is an auto ancillary company engaged in plastic injection moulding and sub-assembly operations, primarily supplying the automotive sector. It operates as a Tier-II supplier, manufacturing components based on specifications provided by Tier-I vendors serving passenger vehicle OEMs. Its products include interior cabin trims, exterior plastic parts, under-hood components, and HVAC ducts for both internal combustion engine and electric vehicles. The company operates a manufacturing facility at Tata Vendor Park, Sanand, Gujarat, spread across approximately 3 acres. As of FY26, the facility has 30 injection moulding machines with capacities ranging from 120 to 1,700 tonnes and an installed capacity of 5,400 MTPA. The facility also uses automation, robotic systems, and vision measuring equipment. The company is certified under IATF 16949, ISO 45001:2018 and ISO 14001:2015. Use of proceeds: This is a fresh issue of shares. Therefore, the net proceeds from the fresh issue will go to the company. They will be utilised for the following purposes: Part funding of capital expenditure for setting up a new manufacturing facility for plastic moulded auto components – Rs 39.96 crore General corporate purposes
Pros
- • The company claims to have over a decade of experience in plastic injection moulding for the automotive sector. It manufactures components to Tier-I customer specifications and focuses on quality, cost efficiency, and timely delivery. Its management and engineering teams have experience in addressing sector-specific requirements and evolving manufacturing and technological needs.
- • The company claims to benefit from its manufacturing facility at Tata Vendor Park, Sanand, Gujarat, which is close to major automotive manufacturing hubs, raw material suppliers, and key Tier-I customers. This location is stated to reduce transportation costs and lead times while supporting efficient movement of materials and finished products.
- • The company claims to have technology-enabled manufacturing capabilities supported by automation and over 20 industrial robots. It has experience with complex moulding techniques, including core-pulling and unscrewing moulds, enabling production of components with intricate geometries and stringent dimensional and functional requirements.
Cons
- • The company is highly dependent on a limited number of Tier-I vendors, whose procurement is linked to OEM production cycles in the automotive sector. Its top 10 customers contributed Rs 119.95 crore (99.95%), Rs 92.06 crore (99.99%), and Rs 62.30 crore (99.96%) to revenue from operations in FY26, FY25, and FY24, respectively. Any reduction, delay, or discontinuation of purchases by these customers due to lower OEM production, pricing pressures, vendor rationalisation, or technological changes such as the shift toward electric vehicles could adversely affect the company’s business and financial performance.
- • The company’s revenue is highly concentrated among customers based in Gujarat, which accounted for 99.96%, 99.92%, and 99.88% of its revenue from operations in FY26, FY25, and FY24, respectively. Any adverse economic, political, regulatory, labour-related, or environmental developments in Gujarat, including disruptions to logistics or supply chains and localised slowdowns, could hurt the company’s operations and financial performance.
- • The company procures plastic resins and other raw materials only from vendors approved by its customers, limiting its ability to switch suppliers or negotiate alternative terms. Its top 10 suppliers accounted for Rs 62.95 crore (77.48%), Rs 48.59 crore (78.64%), and Rs 34.72 crore (87.41%) of raw material consumed in FY26, FY25, and FY24, respectively. Disruption in the supply of customer-approved raw materials could hurt production schedules, increase operating costs, and adversely affect the company’s business and financial performance.
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