Kheria Autocomp IPO
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IPO Details
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Financial Analysis
| Metric | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 50.24 | 62.40 | 92.31 |
| Expense | 46.57 | 57.27 | 81.87 |
| Profit (PAT) | 2.74 | 3.31 | 8.24 |
| Total Assets | 37.80 | 53.14 | 81.79 |
| Company | P/E | EPS | Market Cap (Cr) |
|---|---|---|---|
| Machino Plastics Limited | 16.25 | 13.94 | 15 |
| PPAP Automotive Limited | 32.63 | 4.97 | 2 |
Promoters: Tara Chand Kheria, Vinay Kheria, Sushma Kheria and Santosh Devi Kheria
| Shareholding | No. of Shares | Holding % |
|---|---|---|
| Promoter Holding Pre Issue | 1,12,50,000 | 100.00% |
Company Information
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.
| Purpose | Amount (Cr) |
|---|---|
| Part funding of capital expenditure for setting up of new manufacturing facility for plastic moulded auto components at GIDC Sanand Industrial Park; and | 48.00 |
| General Corporate Purpose | - |
Resources & Documents
Kheria Autocomp Limited., Plot No. B6, B7 & B8, Tata Vendor Park, Revenue Survey No.1,, Village. Northkot Pura, Sanand, Ahmedabad, Gujarat, 382170
Kheria Autocomp is preparing a sme offering. The SME issue is in the upcoming pipeline with dates yet to be finalised.
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.
The issue is promoted by Tara Chand Kheria, Vinay Kheria, Sushma Kheria and Santosh Devi Kheria with SMC Capitals Ltd. acting as lead manager. Net proceeds will primarily be used towards Part funding of capital expenditure for setting up of new manufacturing facility for plastic moulded auto components at… (Rs 48 crore) and General Corporate Purpose.
On fundamentals, the company is posting revenue growth of 47.9%, a profit margin of 8.9%, return on equity of 34.2% in its most recent reported period. Listed peers in this segment include Machino Plastics Limited (P/E 16.25x, market cap Rs 15 crore) and PPAP Automotive Limited (P/E 32.63x, market cap Rs 2 crore) — useful reference points when evaluating the issue's pricing relative to where the broader sector are trading.
All figures below — GMP history, subscription tiers, financials and peers — are aggregated from public disclosures. Always apply through your own broker after reading the RHP.
Understanding Grey Market Premium (GMP)
The Grey Market Premium (GMP) is an unofficial indicator of how an IPO's shares are trading in the grey market before they are officially listed on a stock exchange. It reflects investor sentiment and demand for the IPO shares ahead of listing day.
How does it work? The grey market is an informal, over-the-counter market where investors buy and sell IPO shares before the official listing date. If an IPO has a positive GMP, it suggests that investors expect the stock to list above its issue price. A negative GMP indicates expectations of a listing below the issue price.
Example: If an IPO has an issue price of ₹100 and the GMP is ₹50, the expected listing price would be approximately ₹150 (issue price + GMP). This translates to an estimated listing gain of 50%.
Factors that influence GMP:
- Subscription levels — Higher subscription typically drives GMP up
- Market conditions — Bullish markets tend to boost GMP across all IPOs
- Company fundamentals — Strong financials and growth potential attract premium
- Industry sentiment — Positive outlook for the sector can increase demand
- IPO pricing — Reasonably priced IPOs relative to peers tend to command higher GMP
Disclaimer: GMP is an unofficial metric from the grey market and is not regulated by SEBI or any stock exchange. GMP values fluctuate frequently and should not be the sole basis for investment decisions. Always consider company fundamentals, financial health, and your own risk appetite before investing in any IPO.
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