Chiraharit IPO vs Zelio E-Mobility IPO

Comparison between Chiraharit IPO and Zelio E-Mobility IPO.

IPO Details

Chiraharit IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Zelio E-Mobility IPO is a SME Bookbuilding proposed to list at BSE SME.

Issue Size and Price

The total issue size of Chiraharit IPO is up to ₹29.51 Cr whereas the issue size of the Zelio E-Mobility IPO is up to ₹74.34 Cr. The final issue price of Chiraharit IPO is ₹21.00 per share and of Zelio E-Mobility IPO is ₹136.00 per share.

 Chiraharit IPOZelio E-Mobility IPO
Face Value₹1 per share₹10 per share
Issue Price (Lower)₹129.00 per share
Issue Price (Upper)₹136.00 per share
Issue Price (Final)₹21.00 per share₹136.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size6000 shares1000 shares
Fresh Issue Size1,40,52,000 shares43,26,000 shares
Fresh Issue Size (Amount)up to ₹29.51 Crup to ₹58.83 Cr
OFS Issue Size0 shares11,40,000 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹15.50 Cr
Issue Size Total1,40,52,000 shares54,66,000 shares
Issue Size Total (Amount)up to ₹29.51 Crup to ₹74.34 Cr

IPO Timetable

Chiraharit IPO opens on Sep 29, 2025, while Zelio E-Mobility IPO opens on Sep 30, 2025. The closing date of Chiraharit IPO and Zelio E-Mobility IPO is Oct 03, 2025, and Oct 03, 2025, respectively.

 Chiraharit IPOZelio E-Mobility IPO
Anchor Bid DateSep 29, 2025
Issue OpenSep 29, 2025Sep 30, 2025
Issue CloseOct 03, 2025Oct 03, 2025
Basis Of Allotment (Tentative)Oct 06, 2025Oct 06, 2025
Initiation of Refunds (Tentative)Oct 07, 2025Oct 07, 2025
Credit of Share (Tentative)Oct 07, 2025Oct 07, 2025
Listing date (Tentative)Oct 08, 2025Oct 08, 2025
Anchor Lockin End date 1Nov 05, 2025
Anchor Lockin End date 2Jan 04, 2026

Financials & KPIs

Chiraharit IPO P/E ratio is 13.95, as compared to Zelio E-Mobility IPO P/E ratio of 14.04.

 Chiraharit IPOZelio E-Mobility IPO
Financials

Company Financials (Restated Consolidated)

Chiraharit Ltd.'s revenue increased by 96% and profit after tax (PAT) rose by 898% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended31 Mar 202531 Mar 202431 Mar 2023
Assets40.5825.7722.71
Total Income59.8030.5733.03
Profit After Tax6.020.600.42
EBITDA9.762.361.69
NET Worth9.573.312.57
Reserves and Surplus5.573.062.32
Total Borrowing20.2216.3015.92
Amount in ₹ Crore

Company Financials (Restated)

Zelio E-Mobility Ltd.'s revenue increased by 83% and profit after tax (PAT) rose by 154% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended31 Mar 202531 Mar 202431 Mar 2023
Assets65.7929.0815.47
Total Income173.8094.9051.62
Profit After Tax16.016.313.06
EBITDA21.028.764.02
NET Worth26.6710.674.36
Reserves and Surplus10.1410.644.33
Total Borrowing30.6814.119.59
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100100
Promoter Shareholding (Post-Issue)7375.77
P/E Ratio13.9514.04
Market Cap₹115.07 Cr.₹287.64 Cr.
ROE62.9185.75
ROCE32.2936.86
Debt/Equity2.111.32
EPS₹1.51₹9.68
RoNW62.9160.02

Shares Offered

In the Chiraharit IPO Retail Individual Investors (RII) are offered 70,26,000 shares while in Zelio E-Mobility IPO retail investors are offered 70,26,000 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in Chiraharit IPO and 10,93,000 shares in Zelio E-Mobility IPO.

 Chiraharit IPOZelio E-Mobility IPO
Anchor Investor Reservation0 shares16,39,000 shares
Market Maker Reservation7,44,000 shares2,94,000 shares
QIB0 shares10,93,000 shares
NII70,26,000 shares8,20,000 shares
RII70,26,000 shares19,14,000 shares
Employee0 shares0 shares
Others
Total1,40,52,000 shares54,66,000 shares

Bids Received (Subscription)

Chiraharit IPO subscribed 1.88x in total, whereas Zelio E-Mobility IPO subscribed 1.50x.

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Chiraharit IPO Vs Zelio E-Mobility IPO