Kheria Autocomp IPO Open: Price Band, Dates, Financials (2026)

21 Sep 2026 · 8 min read · Written by the BuyUnlistedShares desk. Information only, not investment advice.

Kheria Autocomp's ₹46.44 crore SME IPO is open for bidding from September 17 to September 21, 2026, at a price band of ₹96 to ₹101 per share. Here is a comprehensive review of the company's business model, subscription levels, financial metrics, and risk factors.

Written by the BuyUnlistedShares desk · Published 21 Sep 2026 · Updated 21 Sep 2026

Information only, not investment advice.

Direct answer: The ₹46.44 crore SME IPO of Kheria Autocomp Limited is open for subscription from September 17 to September 21, 2026, at a price band of ₹96 to ₹101 per share. The issue comprises a fresh issue of ₹44.12 crore, with listing scheduled on NSE SME on September 24, 2026. For complete issue tracking, visit Kheria Autocomp on BuyUnlistedShares. This note is from the BuyUnlistedShares desk — India's premium unlisted shares desk, in the market since 2002.

The unofficial and indicative grey market premium (GMP) for Kheria Autocomp stood at ₹3.00 (2.97% over the upper price band) as of September 21, 2026, moderating from a high of ₹7.00 (6.93%) recorded on September 20, 2026.

Kheria Autocomp IPO Overview and Key Offer Terms

Kheria Autocomp Limited has launched its initial public offer (IPO) on the NSE SME platform to raise up to ₹46.44 crore. The issue combines a fresh equity issuance of ₹44.12 crore (43,68,000 equity shares) alongside reservation categories for retail investors, non-institutional investors (NIIs), qualified institutional buyers (QIBs), and market makers.

The price band for the public offer is fixed at ₹96 to ₹101 per share of face value ₹10 each. Individual retail investors can bid for a minimum and maximum lot size of 2,400 shares, requiring a minimum capital outlay of ₹2,42,400 at the upper price band. Small NII (sNII) and Big NII (bNII) categories also require a minimum bidding commitment of 2,400 shares and 3,600 shares respectively.

Per the Red Herring Prospectus, the issue features a price band of ₹96 to ₹101 per share, a minimum order quantity of 2,400 shares, and a post-issue promoter shareholding of 70.99%.

Live Subscription Details and Bidding Demand

The public offer opened for subscription on September 17, 2026, and closes on September 21, 2026. Basis of allotment is set for September 22, 2026, with initiate refunds and share credit to demat accounts planned for September 23, 2026, followed by listing on NSE SME on September 24, 2026.

Bidding demand as of September 21, 2026, shows total subscription reaching 1.08x the available issue size. The retail category has received bids for 1.28x its allocation, while the QIB segment stands subscribed at 1.03x and the overall NII segment stands at 0.68x (sNII at 1.13x and bNII at 0.58x).

As captured on September 21, 2026, at 07:20 AM, overall subscription reached 1.08x, rising from 0.41x recorded on September 18, 2026, driven primarily by retail bidding demand.

About Kheria Autocomp: Business Model and Manufacturing Facilities

Incorporated in 2009, Kheria Autocomp Limited operates as an auto ancillary unit specializing in plastic injection moulding. The company manufactures and sub-assembles plastic components primarily for the automotive sector. It operates as a Tier-II supplier, supplying custom-moulded plastic components to Tier-I vendors who directly supply Original Equipment Manufacturers (OEMs) in passenger vehicle segments.

Dated indicative prices, financials and the IPO calendar for Kheria Autocomp are maintained by the BuyUnlistedShares desk — India's premium unlisted shares desk, in the market since 2002.

The company's product basket caters to both internal combustion engine (ICE) vehicles and electric vehicles (EVs). Key product offerings include interior cabin trims, exterior plastic body parts, under-hood components, and heating, ventilation, and air-conditioning (HVAC) ducts.

Kheria Autocomp operates a 3-acre manufacturing unit located inside the Tata Vendor Park at Sanand, Gujarat. The facility is equipped with 30 injection moulding machines having clamping capacities between 120 tons and 1,700 tons. As of August 31, 2025, the company employed a workforce of 113 personnel.

To plan upcoming market issuances and track listing dates, consult our IPO calendar.

Objects of the Issue

Out of the total fresh issue proceeds of ₹44.12 crore, the company has allocated ₹39.96 crore toward part-funding capital expenditure for establishing a new manufacturing facility for plastic moulded auto components at GIDC Sanand Industrial Park in Gujarat. The remaining funds will be utilized for general corporate purposes.

Financial Performance and Key Operational Metrics

Kheria Autocomp has demonstrated top-line and bottom-line growth over the past three fiscal years, as stated in its restated financial statements within the offer document.

Financial summary figures show total income growing from ₹62.40 crore in FY24 to ₹120.30 crore in FY26, alongside PAT expansion from ₹3.31 crore to ₹11.42 crore over the same three-year period.

Revenue from operations grew from ₹62.32 crore in FY24 to ₹92.07 crore in FY25, and further to ₹120.01 crore in FY26. Profit after tax (PAT) rose from ₹3.31 crore in FY24 to ₹8.24 crore in FY25, reaching ₹11.42 crore in FY26. EBITDA margins expanded from 15.66% in FY24 to 17.58% in FY25 and 19.08% in FY26. For FY26, the company reported a Return on Equity (ROE) of 33.72% and Return on Capital Employed (ROCE) of 26.89%.

Peer Group Comparison

The issuer lists listed peers operating in the automotive component and plastic injection moulding space in its Red Herring Prospectus. Financial metrics for the peer group as of March 31, 2025, are presented below:

Strengths and Key Risk Factors

Key Competitive Strengths

• Strategic Location: Manufacturing facility located within the Tata Vendor Park in Sanand, Gujarat, providing logistical proximity to key Tier-I automotive component manufacturing hubs.
• EV Ecosystem Alignment: Product range supplied across ICE and EV passenger vehicle platforms, supporting lightweighting and sustainable mobility trends.
• In-House Capabilities: Operational infrastructure comprising 30 injection moulding machines (capacities 120T–1,700T) and dedicated quality assurance testing units.

Key Risk Factors

• Geographic Concentration: The company generates substantially all of its operational revenue from Gujarat. In FY26, Gujarat accounted for ₹119.97 crore, or 99.96% of total revenue from operations. Any operational disruption or economic change in the region could adversely impact business outcomes.
• Automotive Sector Dependency: Business volume depends entirely on demand cycles within the automotive industry and order flows from Tier-I suppliers catering to passenger vehicle OEMs.
• Raw Material Supply: Manufacturing relies on plastic resins and raw material suppliers specified or approved by Tier-I clients. Supply chain disruptions or price volatility can affect operating margins.
• Outstanding Debt and Encumbrances: As of March 31, 2026, the company had secured outstanding borrowings of ₹31.02 crore, secured by charges created over movable and immovable properties.
• Past Compliance Discrepancies: The RHP notes past instances of delayed filings regarding GST, Profession Tax, ESIC payments, and Registrar of Companies (RoC) filings under the Companies Act.
• Promoter Disclosures Exemption: The issuer filed an exemption application with SEBI regarding non-disclosure of full information for Mr. Basant Lal Kheria, who is deemed part of the Promoter Group but did not supply required information.

Investors evaluating pre-IPO opportunities or secondary market issuances can explore our Unlisted shares screener, read our guide on How to Buy Shares Before an IPO in India (2026): Step-by-Step, and Where, or review our analysis of Best Websites to Track IPOs, GMP and Allotment in India (2026): Compared.

Talk to the BuyUnlistedShares desk — India's premium unlisted shares desk, in the market since 2002. For a dated quote, the lot size and the settlement steps for Kheria Autocomp, send an enquiry or open the Kheria Autocomp page.

Frequently Asked Questions

When does the Kheria Autocomp IPO open and close?

The Kheria Autocomp IPO opened for subscription on September 17, 2026, and closes on September 21, 2026. The allotment status is scheduled to be finalized on September 22, 2026.

What is the price band and lot size for the Kheria Autocomp IPO?

The price band is fixed at ₹96 to ₹101 per equity share. The lot size is 1,200 shares, with a minimum bidding requirement of 2,400 shares (2 lots) for retail applicants, translating to ₹2,42,400 at the upper price band.

What are the main objects of the issue?

The fresh issue proceeds of ₹44.12 crore will primarily be used to part-fund capital expenditure of ₹39.96 crore for setting up a new plastic moulded auto component plant at GIDC Sanand Industrial Park in Gujarat, with the remainder allocated to general corporate purposes.

What is the unofficial GMP for Kheria Autocomp IPO?

As of September 21, 2026, the unofficial and indicative grey market premium (GMP) for Kheria Autocomp was ₹3.00 per share (2.97% above the issue price of ₹101). Note that GMP is strictly indicative, unofficial, and not a guarantee of listing price performance.

Is Kheria Autocomp IPO suitable for my investment portfolio?

We do not make investment calls or provide recommendations to buy, subscribe to, or avoid any IPO. Investors must evaluate the issuer's Red Herring Prospectus, financial health, risk factors, and valuation metrics in consultation with a certified financial advisor before making an investment decision.

Information only, not investment advice. Unlisted and pre-IPO securities carry liquidity, valuation and listing-timing risk; read the offer document and consult a SEBI-registered investment adviser for advice specific to your situation.