Date: 24th September, 2026
Acquisition Details
Target Entity: Kheria Autocomp Limited
Type of Deal: Market-making acquisition and investment through IPO allotment and open market purchases
Stake/Capacity: Total acquisition of 16,75,200 equity shares representing 10.57% of the total equity share capital of Kheria Autocomp Limited post-IPO paid-up capital of 1,58,48,400 equity shares of ₹10 each
Deal Value: Total acquisition cost of ₹17,03,87,344 broken down as:
- IPO allotment on 23rd September, 2026: 13,82,400 shares at ₹101 per share = ₹13,96,22,400
- SMC Global Securities Limited: 2,30,400 shares (₹2,32,70,400)
- Moneywise Financial Services Private Limited: 8,56,800 shares (₹8,65,36,800)
- SMC India Opportunity Fund: 2,95,200 shares (₹2,98,15,200)
- Open market purchase on 24th September, 2026: 2,92,800 shares at average price of ₹104.73 per share = ₹3,06,64,944
Funding Source: Cash consideration
Financial Impact: Not disclosed in terms of revenue contribution, EBITDA impact, or synergy expectations
Timeline: Acquisition completed on 23rd-24th September, 2026
Strategic Rationale: SMC Global Securities Limited acted as Market Maker in the Initial Public Offer of Kheria Autocomp Limited. Under the Market Maker Reservation Portion, 2,30,400 equity shares were reserved for subscription by the Market Maker. The company has agreed to receive or deliver the specified securities in the market making process for a period of three years from the date of listing of equity shares or for a period as may be notified in SEBI ICDR Regulations.
Approval Status: Acquisition completed, no governmental or regulatory approvals required prior to acquisition
Reference Regulation: SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Regulation 30 read with para A of Part A of Schedule III and SEBI Circular dated September, 2015 w.r.t. Continuous Disclosure Requirements
Target Company Information
Business Description: Kheria Autocomp Limited is an auto ancillary company engaged in plastic injection moulding, specialising in the manufacture and sub-assembly of plastic components primarily for the automotive sector. It operates as a Tier-II supplier, producing moulded plastic components as per the specifications of Tier-I vendors who supply to Original Equipment Manufacturers (OEMs) in the passenger vehicle categories. Its products include interior cabin trims, exterior plastic parts, under-hood components and heating, ventilation and air-conditioning (HVAC) ducts for both internal combustion engine and electric vehicles.
Financial Performance:
- FY 2025-26: ₹120.30 crore total income
- FY 2024-25: ₹92.31 crore total income
- FY 2023-24: ₹62.40 crore total income
Corporate Details:
- Date of Incorporation: 12th November, 2009
- Country of presence: India
Related Party Status: The acquisition does not fall within related party transaction