Kheria Autocomp IPO
Kheria Autocomp LtdSME
This IPO has listed.
- Open date
- 17 Sep 2026
- Close date
- 21 Sep 2026
- Min. Investment
- ₹2,42,400
- Lot Size
- -
- Fresh Issue
- ₹46.44 Cr
- Price Range
- -
- Face Value
- -
- IPO Document
- DRHP - PDF(opens in a new tab)
Subscription rate
- Qualified Institutional Buyers1.05x
- Non-Institutional Investors2.46x
- Retail-Individual Investors3.08x
- Total2.37x
Schedule
- Completed: IPO open date17 Sep 2026
- Completed: IPO close date21 Sep 2026
- Completed: Allotment date22 Sep 2026
- Completed: Funds unblock or debit23 Sep 2026
- Completed: Tentative listing date24 Sep 2026
About
Promoter shareholding in Kheria Autocomp Ltd, before and after the issue.
| Promoter | Pre-issue shares | Pre-issue % | Post-issue shares | Post-issue % |
|---|---|---|---|---|
| Santosh Devi Kheria | 34,10,250 | 30.31% | 34,10,250 | 21.52% |
| Sushma Kheria | 24,82,250 | 22.06% | 24,82,250 | 15.66% |
| Tara Chand Kheria | 22,14,500 | 19.68% | 22,14,500 | 13.97% |
| Vinay Kheria | 20,10,250 | 17.87% | 20,10,250 | 12.68% |
| Vinay Kheria HUF | 10,27,500 | 9.13% | 10,27,500 | 6.48% |
| Varun Kheria | 1,05,000 | 0.93% | 1,05,000 | 0.66% |
| Tara Chand Kheria HUF | 250 | 0.00% | 250 | 0.00% |
Kheria Autocomp IPO Strengths & Risks
- Experience-Driven Manufacturing Excellence.
- Strategically located manufacturing facilities.
- Technology-Enabled Manufacturing and Process Engineering Capabilities.
- Comprehensive In-House Testing and Quality Control Infrastructure.
- Efficient Raw Material Sourcing and Inventory Management.
- Long-Standing Customer Relationships.
- Green Energy and Sustainability Initiatives.
- Risks Relating to the Business: We are dependent on Tier-I vendors, whose demand is directly linked to OEM procurement cycles. Any reduction or discontinuance of their demand may adversely affect our business, financial condition and results of operations.
- Risks Relating to the Business: For our proposed new manufacturing facility, we are required to obtain certain statutory approvals, clearances, and permissions from the relevant authorities in connection with the planned capital expenditure. If we are unable to obtain such approvals in a timely manner, or at all, our proposed expansion may be delayed, which could adversely affect our business, results of operations, cash flows, and financial condition.
- Risks Relating to the Business: A substantial portion of our revenue is derived from customers located in the state of Gujarat. Any adverse developments in this region may materially and adversely affect our business and results of operations.
- Risks Relating to the Business: A significant portion of the Net Proceeds is proposed to be utilized towards funding our capital expenditure requirements including purchase of plant and machinery for our new manufacturing facility, for which certain orders have been placed. Any delay in procurement, delivery or installation of plant and machinery for our new manufacturing facility, including machinery for which purchase orders have been placed, may delay implementation, result in cost overruns and adversely affect our business operations and growth strategy.
- Risks Relating to the Business: We are dependent on the supply of raw materials approved by our customers, and any disruption or delay in procurement of such materials could adversely impact our production schedules, result in idle capacity, and affect our relationship with customers.
- Risks Relating to the Business: Any increase in raw material prices, volatility in supply or pricing, or failure by suppliers to fulfil their obligations may adversely impact our operations, financial performance, and business results.
- Risks Relating to the Business: There have been instances of delayed filings in the past with certain Regulatory Authorities. If the Regulatory Authorities impose any monitory penalties on us or take any punitive actions against our Company in relation to the same, our business, financial condition and results of operations could be adversely affected.
- Risks Relating to the Business: We are significantly dependent on the automotive sector, and any downturn or change in demand in this sector may adversely affect our business, financial condition and results of operations.
- Risks Relating to the Business: Our cash flows from operating activities have fluctuated in the past and may continue to fluctuate due to changes in our working capital requirements. Any inability to generate sufficient cash flows from our operations may adversely affect our business, financial condition and results of operations.
- Risks Relating to the Business: Our lenders have charge over our movable and immovable properties in respect of finance availed by us and settlement arrangements may affect perceptions of our credit profile.
- Risks Relating to the Business: Mr. Basant Lal Kheria, who is deemed to be part of the Promoter Group under the SEBI ICDR Regulations, has not provided the requisite information, and our disclosure regarding him is based only on publicly available information.
- Risks Relating to the Business: Our Company has in the past been non-compliant with certain provisions of the Companies Act, 1956 and the Companies Act, 2013, and may be subject to penalties for such non-compliances.
- Risks Relating to the Business: Our operations are dependent on injection moulding machines and robotic systems procured from third-party manufacturers. Any failure, breakdown, obsolescence, delay in procurement of spare parts, or inability to adapt to newer technologies could adversely impact our business, financial condition and results of operations.
- Risks Relating to the Business: We have experienced negative cash flows in the past. Any negative cash flows in the future would adversely affect our cash flow requirements, which may adversely affect our ability to operate our business and implement our growth plans, thereby affecting our financial condition.
- Risks Relating to the Business: Our insurance coverage could prove inadequate to satisfy potential claims or protect us from potential operational hazards and losses which may have a material adverse effect on our business, results of operations and financial condition.
- Risks Relating to the Business: Our Company is party to certain legal proceedings. Any adverse decision in such proceedings may have an adverse effect on our business, results of operations and financial condition.
- Risks Relating to the Business: Our business is subject to stringent quality and certification standards, and any failure to maintain such certifications or comply with customer quality audits could result in loss of business, customer confidence and adversely affect our results of operations.
- Risks Relating to the Business: We may be subject to industrial unrest and increased employee costs, which may adversely affect our business and results of operations.
- Risks Relating to the Business: Certain educational qualification documents of some of our Promoters are currently not traceable.
- Risks Relating to the Business: Our past performance may not be indicative of our future growth. An inability to effectively manage our growth and expansion may have a material adverse effect on our business prospects and future financial performance.
- Risks Relating to the Business: Our financing agreements impose certain restrictions on our operations, and our failure to comply with operational and financial covenants may adversely affect our business and financial condition.
- Risks Relating to the Business: Delays in the schedule of implementation of our proposed new manufacturing unit may adversely affect our business operations and financial results.
- Risks Relating to the Business: Our Promoters/Directors have provided personal guarantees for loan facilities obtained by our Company, and any failure or default by our Company to repay such loans in accordance with the terms and conditions of the financing documents could trigger repayment obligations on them, which may impact their ability to effectively service their obligations as our Promoters/Directors and thereby, impact our business and operations.
- Risks Relating to the Business: Excess rate of attrition amongst the personnel engaged by our Company may have an adverse impact on our business operations.
- Risks Relating to the Business: Our business is subject to seasonality, which may contribute to fluctuations in our results of operations and financial condition.
- Risks Relating to the Business: We may not be successful in improving inadequacies in our information and reporting systems.
- Risks Relating to the Business: We are dependent on our manufacturing unit and any disruption, slowdown or shutdown of our manufacturing units may restrict our operations and adversely affect our business and financial condition.
- Risks Relating to the Business: The identical number of years of experience disclosed for certain members of our management may be perceived as unusual and could adversely affect investor perception.".
- Risks Relating to the Business: We are required to obtain and maintain statutory and regulatory approvals for our business and manufacturing operations, and any delay or failure in obtaining or renewing them may adversely affect our business.
- Risks Relating to the Business: We are dependent on third parties for the supply of utilities such as Power and fuel, and any disruption in the supply of such utilities could adversely affect our manufacturing operations.
- Risks Relating to the Business: We have long-standing relationships with our suppliers. However, we have not entered into any long term contracts with our suppliers for our raw materials and an increase in the cost of, or a shortfall in the availability of such raw materials or our inability to leverage existing or new relationships with our suppliers could have an adverse effect on our business and results of operations.
- Risks Relating to the Business: Rapid technological changes in the electric vehicle ("EV") segment may require us to adapt our products and capabilities, and failure to do so could adversely affect our business.
- Risks Relating to the Business: Our Company has in the past entered into related party transactions and may continue to do so in the future. There can be no assurance that such transactions, individually or in the aggregate, will not have an adverse effect on our Company's financial condition and results of operations.
- Risks Relating to the Business: Certain sections of this Red Herring Prospectus contain information from D&B Report, which has been commissioned and paid for by our Company and any reliance on such information for making an investment decision in the Issue is subject to inherent risks.
- Risks Relating to the Business: Our agreements with Tier-I customers impose obligations relating to quality standards, timely delivery, and defect liability, and any failure to meet such obligations may impact our business operations.
- Risks Relating to the Business: Any non-compliance by our Company with changes in, safety, health and environmental legislations and other applicable laws, may adversely affect our business, results of operations and financial condition.
- Risks Relating to the Business: We could incur losses under our purchase orders with our customers or be subjected to disputes or contractual penalties as a result of delays in delivery or failures to meet product specifications or delivery schedules, which may have a material adverse effect on our business, results of operations, cash flows, and financial condition.
- Risks Relating to the Business: Any variation in the utilization of the Net Proceeds as disclosed in this Red Herring Prospectus shall be subject to certain compliance requirements, including prior Shareholders' approval.
- Risks Relating to the Business: Our funding requirements and the proposed deployment of Net Proceeds have not been appraised by any bank or financial institution or any other independent agency and our management will have broad discretion over the use of the Net Proceeds.
- Risks Relating to the Business: The Company is exposed to counterparty credit risk and any delay in receiving payments or non-receipt of payments may adversely impact business, financial condition, cash flows and results of operations.
- Risks Relating to the Business: We have availed unsecured loans that may be recalled at any time. Our Company has availed unsecured loans which are repayable on demand. Any demand from lender(s) for repayment of such unsecured loans, may adversely affect our cash flows.
- Risks Relating to the Business: Our registered office cum factory premises from where we conduct our manufacturing and administrative operations is not owned by us and is on lease.
- Risks Relating to the Business: Promoters and Directors hold Equity Shares in Company and are therefore interested in Company's performance in addition to their remuneration and reimbursement of expenses.
- Risks Relating to the Business: Our Promoters will be able to exercise significant influence and control over us after the Issue and may have interests that are different from or conflict with those of our other shareholders.
- Risks Relating to the Business: Our application for registration of our logo has been accepted and advertised in the Trade Marks Journal, but registration has not yet been granted. Any opposition to the application or failure to obtain registration could adversely affect our ability to protect and exclusively use our logo.
- Risks Relating to the Business: Our inability to accurately forecast demand for our products and manage our inventory may have an adverse effect on our business, financial condition, results of operations and cash flows.
- Risks Relating to the Business: Our manufacturing operations are concentrated in a single geographic region, and any adverse developments in this region, or inability to competitively serve other regions, could disrupt our business operations and adversely affect our financial performance
- Risks Relating to the Business: We may not be able to prevent unauthorised use of trademarks obtained/ applied for by third parties, which may lead to the dilution of our goodwill. Failure to secure and protect our intellectual property exposes us to infringement, imitation, legal disputes, and potential loss of market share.
- Risks Relating to the Business: Any adverse change in regulations governing our products, may adversely impact our business prospects and results of operations.
- Risks Relating to the Business: There is no guarantee that the company's Equity Shares will be listed on the Emerge Platform of National Stock Exchange of India Limited in a timely manner or at all.
- Risks Relating to the Business: If the company fails to maintain an effective system of internal controls, its may not be able to successfully manage or accurately report the company's financial risk.
- Risks Relating to the Business: The weighted average cost of acquisition of Equity Shares held by the company's Promoters could be lower than the Issue Price.
- Risks Relating to the Business: Reliance on third-party transportation providers for finished goods and the potential impact of transportation disruption.
- Risks Relating to the Business: Safety protocols and programs are developed, implemented and improved. A significant disruption at the company's manufacturing facilities may adversely affect production schedules, costs, sales and ability to meet customer demand.
- Risks Relating to the Business: Technology failures could disrupt operations and adversely affect business operations and financial performance.
- Risks Relating to the Business: The Company has not paid any dividends in the past and its may not be able to pay dividends in the future.
- Risks Relating to the Business: The Company's future funding requirements, in the form of further issue of capital or other securities and/or loans taken by the company, may turn out to be prejudicial to the interest of the shareholders depending upon the terms and conditions on which they are raised.
- Risks Relating to the Business: The company's success depends heavily upon its Promoter, Directors and Key Managerial Personnel for their continuing services, strategic guidance and financial support who are also the natural person in control of the Company.
- Risks Relating to the Business: The Company may undertake acquisitions, investments, joint ventures or other strategic alliances, which may have a material adverse effect on ability to manage business, and such undertakings may be unsuccessful.
- Risks Relating to the Business: Certain data mentioned in this Red Herring Prospectus has not been independently verified.
- Risks Relating to the Business: The company has not made any alternate arrangements in order to meet its capital requirements for the Objects of the Issue.
- Risks Relating to the Business: Ability to access capital at attractive costs depends on credit ratings. Non-availability of credit ratings or a poor rating may restrict access to capital and thereby adversely affect business, financial conditions, cash flows and results of operations.
- Risks Relating to the Business: Inability to collect receivables from customers or default in payment by them could result in the reduction of profits and affect cash flows.
- Risks Relating to the Business: The requirements of being a public listed company may strain its resources and impose additional requirements.
- Risks Relating to the Business: The Company may not be able to identify or effectively respond to evolving preferences, expectations or trends in a timely manner and a failures to derives the desired benefits from product development efforts may impact competitiveness and profitability.
- Risks Relating to the Business: Failures to successfully implement the company's business strategies may materially and adversely affect its business, prospects, financial condition and results of operations.
- Risks Relating to the Business: Any increase in interest rates would have an adverse effect on its results of operations and will expose the Company to interest rate risks.
- Risks Relating to the Business: The company's management will have broad discretion in how its apply the Net Proceeds, including interim use of the Net Proceeds, and there is no assurance that the objects of the Issue will be achieved within the time frame expected or at all, or that the deployment of the Net Proceeds in the manner intended by the company will result in any increase in the value of your investment.
- Risks Relating to the Business: The company's Promoters, Directors including Independent Directors, does not have any prior experience of directorship in the listed company.
- Risks Relating to the Business: The deployment of funds raised through this Issue are based on the company's management estimates and any bank or financial institution or any independent agency has not appraised the same. The deployment of funds in the project is entirely at the company's discretion, based on the parameters as mentioned in the chapter titles "Objects of the Issue".
- Risks Relating to the Business: The company may requires further equity issuance, which will lead to dilution of equity and may affect the market price of its Equity Shares or additional funds through incurring debt to satisfy the company's capital needs, which its may not be able to procure and any future equity offerings by the company.
- Risks Relating to the Business: Increased losses due to fraud, employee negligence, theft or similar incidents may have an adverse impact on the company.
- Risks Relating to the Business: The company is subject to governmental regulation, and its may incur material liabilities under, or costs in order to comply with, existing or future laws and regulations and the company's failures to comply may result in enforcements, recalls, and other adverse actions.
- Risks Relating to the Business: Subsequent to the listing of the Equity Shares, its may be subject to surveillance measures, such as the Additional Surveillance Measures and the Graded Surveillance Measures by the Stock Exchanges in order to enhance the integrity of the market and safeguard the interest of investors.
- Risks Relating to the Business: The Equity Shares have never been publicly traded, and, after the Issue, the Equity Shares may experience price and volume fluctuations, and an active trading market for the Equity Shares may not develop. Further, the price of the Equity Shares may be volatile, and you may be unable to resell the Equity Shares at or above the Issue Price, or at all.
- Risks Relating to the Business: The investors may not be able to sell immediately on an Indian stock exchange any of the Equity Shares they acquire in the Issue, in case of delay in receipt of Listing and Trading approval.
- Risks Relating to the Business: The Issue price of the company's Equity Shares may not be indicative of the market price of its Equity Shares after the Issue and the market price of the company's Equity Shares may decline below the Issue Price and you may not be able to sell your Equity Shares at or above the Issue Price.
- Risks Relating to the Business: There are restrictions on daily movements in the price of the Equity Shares, which may adversely affect a shareholder's ability to sell, or the price at which it can sell, Equity Shares at a particular point in time.
- Risks Relating to the Business: Any future issuance of Equity Shares, or convertible securities or other equity linked securities by the Company may dilute your shareholding and any sale of Equity Shares by its Promoter or members of the company's Promoter Group may adversely affect the trading price of the Equity Shares.
- Risks Relating to the Business: Fluctuation in the exchange rate between the Indian Rupee and foreign currencies may have an adverse effect on the value of the company's Equity Shares, independent of its operating results.
- Risks Relating to the Business: Foreign investors are subject to foreign investment restrictions under Indian law that limits the company's ability to attract foreign investors, which may adversely impact the market price of the Equity Shares.
- Risks Relating to the Business: You may be subject to Indian taxes arising out of capital gains on sale of Equity Shares.
- Risks Relating to the Business: Rights of shareholders under Indian laws may be more limited than under the laws of other jurisdictions.
- Risks Relating to the Business: QIB and Non-Institutional Investors are not permitted to withdraw or lower their application (in terms of quantity of Equity Shares or the Application Amount) at any stage after submitting an application.
- Risks Relating to the Business: The Issue Price, market capitalization to total revenue multiple and price to earnings ratio based on the Issue Price of the Company, may not be indicative of the market price of the Equity Shares on listing or thereafter.
