Kheria Autocomp
What they do: The company is engaged in the manufacturing sector, leveraging the experience of its promoters to drive operations.
By IPO Milega Research · Published · Updated
The company shows moderate financial fundamentals with a steady revenue growth but a declining profit trend.
- Listing gain
- +3.86%
- Listed at ₹104.9
- Subscribed
- 2.47x
- Total
- Retail odds
- 33%
- 1 in 3.1
GMP is an unofficial grey market indication. GMP updated 24 Sept, 17:05 IST.
- Price band
- ₹96-101
- Lot size
- 2400 shares
- Min. investment
- ₹2,42,400
- Issue size
- 46.44 Cr.
- Open17 Sept 2026
- Close21 Sept 2026
- Allotment22 Sept 2026
- Listing24 Sept 2026
Overview
Estimated from the current subscription figures. Tap a category to work it out for your application size.
- QIB
- 1.05x
- NII
- 2.97x
- Retail
- 3.07x
₹104 (+2.97%)
GMP trend
Unofficial grey market quotes, times in IST
Where the money goes
- To the company
- ₹46.44 Cr
- Fresh issue
- To selling shareholders
- ₹0 Cr
- No offer for sale
- 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 Cr100%
- General Corporate Purpose*Not stated
Outer ring: estimated gain
How the score adds up
The overall score is the average of these five, nudged by QIB demand once bidding closes.
- Financials5.0
- Performance8.0
- Flexibility7.0
- Timing5.0
- Risk4.0
The approximate gains potential is based solely on the company's fundamentals due to the absence of GMP data. Kheria Autocomp Limited operates in a growing industry with consistent financial performance, but faces significant risks and market uncertainties that could impact short-term gains.
Strengths3
- No audit qualifications in the past three years.
- Consistent financial growth and adherence to accounting standards.
- Strong position in the expanding Indian auto component industry.
Concerns5
- Reliance on Tier-I vendors and OEM procurement cycles
- Geographic concentration of revenue in Gujarat
- Delays in statutory approvals for new facility
- Dependence on approved raw material suppliers
- Fluctuations in cash flows
Who gets shares
- QIB50%
- NII15%
- Retail35%
- Retail Minimum2,42,4002 lots, 2,400 shares
- Retail Maximum2,42,4002 lots, 2,400 shares
- S-HNI Minimum3,63,6003 lots, 3,600 shares
- S-HNI Maximum9,69,6008 lots, 9,600 shares
- B-HNI Minimum10,90,8009 lots, 10,800 shares
| 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 |
Timing
5.0/10The timing of the IPO is moderate. While the market is recovering from the pandemic, ongoing uncertainties and geopolitical tensions pose risks. The company must navigate these challenges to attract investors.
- Time to market
- The IPO is being launched in a recovering market post-pandemic, but ongoing uncertainties and geopolitical tensions present challenges. The timing is neither highly favorable nor unfavorable, warranting a middle-ground score.
- How allotment works
- Basis of allotment finalized and shares credited to demat
- Market timing
- Neutral
- Time to market
- 5.0
- Listing on
- NSE SME
Key milestones
- 17 Sept 2026IPO Opens
- 21 Sept 2026IPO Closes
- 22 Sept 2026Basis of Allotment
- 23 Sept 2026Refunds Initiated
- 23 Sept 2026Credit to Demat Account
- 24 Sept 2026Listing Date
Financials
5.0/10- Revenue
- ₹120 Cr
- +30.3%
- Profit after tax
- ₹11.42 Cr
- +38.6%
- Net margin
- 9.5%
- +0.6 pts
- Assets
- ₹106 Cr
- +29.9%
- Return on equity
- 8%
- Debt to equity
- 0.89
- Current ratio
- 1.5
- Revenue CAGR
- 10%
- ROCE
- 26.89%
- Return on net worth
- 33.72%
- NAV per share (₹)
- 35.13
Financial performance trend
Amount ₹ in croresThe company shows moderate financial fundamentals with a steady revenue growth but a declining profit trend. The financial ratios indicate a stable liquidity position, but the absence of liabilities data limits a comprehensive analysis of leverage.
Risk
4.0/10Read this score as a safety rating: 10/10 means the lowest risk, 1/10 the highest.
Where the risks sit
- Financial risks2
- Market risks1
- Operational risks3
- Regulatory risks1
Kheria Autocomp Limited faces significant operational and financial risks due to reliance on key customers, geographic concentration, and regulatory challenges.
How the company offsets these
Diversifying customer base and geographic reach could mitigate concentration risks.
Financial risks2
- Fluctuations in cash flows
- Reliance on Tier-I vendors
Market risks1
- Geographic concentration of revenue in Gujarat
Operational risks3
- Delays in statutory approvals for new facility
- Dependence on approved raw material suppliers
- Reliance on third-party machinery
Regulatory risks1
- Past regulatory non-compliance
Performance
8.0/10The company has demonstrated strong financial performance with consistent growth and no audit qualifications. It operates in the robust Indian auto component industry, which is poised for significant expansion. The management team is experienced, and the company adheres to high accounting standards.
- Historical growth
- The company has shown consistent growth over the past three years, with no extraordinary items affecting its financial statements., Moderate to high growth rate observed over the past three years.
- Market comparison
- The company operates in the Indian auto component industry, which is experiencing robust growth and is expected to contribute significantly to India's GDP. The industry is transitioning towards advanced technologies, providing a competitive edge.
- Future potential
- The company is expected to benefit from the expanding auto component industry, which is projected to grow significantly in the coming years.
- Operational consistency
- The company has maintained stable revenue growth over the past three years, with no extraordinary items affecting its financial statements.
- Experience
- The management team is experienced, with a strong track record in the industry.
- Track record
- The management has maintained a consistent growth trajectory and adhered to high standards of financial reporting.
Key achievements
- 01No audit qualifications in the past three years.
- 02Consistent financial growth and adherence to accounting standards.
- 03Strong position in the expanding Indian auto component industry.
Flexibility
7.0/10The company has shown strong market adaptability by effectively responding to market trends and customer needs, positioning itself well within its industry.
The company exhibits good operational agility, with efficient processes and the ability to quickly implement changes.
The company demonstrates moderate flexibility and adaptability with a strong market presence and operational agility, but faces challenges in financial stability and product diversification.
- Product diversification
- The company has a limited range of products, focusing primarily on its core offerings without significant diversification into other areas.
- Future adaptability
- The company has potential for future adaptability, with plans to invest in technology and expand its product offerings to meet evolving market demands.
Latest on Kheria Autocomp IPO
The data on this page has been reviewed manually by the IPO Milega research team. It is not investment advice, and IPO Milega accepts no responsibility for losses arising from any investment decision. Investments in the securities market are subject to market risks. Read all the related documents, including the full prospectus, carefully before investing.