Fixed Price IPO | ₹31 Cr | Listed at BSE SME | Mon, Sep 29, 2025 - Fri, Oct 3, 2025
Chiraharit IPO is a fixed price issue of ₹31.07 crores. The issue is entirely a fresh issue of 1.48 crore shares of ₹31.07 crore.
Chiraharit IPO bidding started from Sep 29, 2025 and ended on Oct 3, 2025. The allotment for Chiraharit IPO was finalized on Oct 6, 2025. The shares got listed on BSE SME on Oct 8, 2025.
Chiraharit IPO price is ₹21 per share. The lot size for an application is 6,000. The minimum amount of investment required by an individual investor (retail) is ₹2,52,000 (12,000 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (18,000 shares), amounting to ₹3,78,000.
Finshore Management Services Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Anant Securities.
Refer to Chiraharit IPO DRHP for detailed Information.
IPO Open
Mon, Sep 29, 2025
IPO Close
Fri, Oct 3, 2025
Issue Price
₹21 per share
Market Cap (Pre-IPO)
₹115.07 Cr
| IPO Date | 29 Sep to 3 Oct, 2025 |
| Listed on | Wed, Oct 8, 2025 |
| Face Value | ₹1 per share |
| Issue Price | ₹21 per share |
| Lot Size | 6,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 1,47,96,000 shares (agg. up to ₹31 Cr) |
| Reserved for Market Maker | 7,44,000 shares Anant Securities (agg. up to ₹2 Cr) |
| Fresh Issue (Ex Market Maker) | 1,40,52,000 shares (agg. up to ₹30 Cr) |
| Net Offered to Public | 1,40,52,000 shares (agg. up to ₹30 Cr) |
| Share Holding Pre Issue | 4,00,00,000 shares |
| Share Holding Post Issue | 5,47,96,000 shares |
| BSE Script Code | 544561 |
| ISIN | INE12P101018 |
Chiraharit IPO comprises a total issue size of 1,47,96,000 shares. The net offer to the public is 1,40,52,000 shares, after excluding 7,44,000 shares allotted on a firm basis. Of the Net offer 70,26,000 (50.00%) allocated to NII 70,26,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 70,26,000 | 50.00% | 47.49% |
| Retail Shares Offered | 70,26,000 | 50.00% | 47.49% |
| Firm Reservations | |||
| Market Maker Shares Offered | 7,44,000 | 5.03% | |
| Total Shares Offered | 1,47,96,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 12,000 shares and in multiples of 6,000 shares thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 12,000 | ₹2,52,000 |
| Individual investors (Retail) (Max) | 2 | 12,000 | ₹2,52,000 |
| HNI (Min) | 3 | 18,000 | ₹3,78,000 |
Incorporated in 2006, Chiraharit Limited is engaged in providing innovative solutions across various sectors, focusing on sustainability and quality.
The company specializes in turnkey EPC projects, focusing on water-based and renewable energy sectors, delivering innovative, sustainable solutions tailored to meet project-specific challenges for optimal performance.
The company delivers clean, safe water across diverse sectors, from farming irrigation to solar module cleaning, dust suppression in cement factories, and reliable water supply for residential housing projects.
In the renewable energy sector, the company focuses on constructing Compressed Bio-Gas (CBG) plants, providing turnkey execution for civil, mechanical, and pumping systems, ensuring seamless project delivery and supporting sustainable energy solutions.
Services:
Competitive Strengths:
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 Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 40.58 | 25.77 | 22.71 |
| Total Income | 59.80 | 30.57 | 33.03 |
| Profit After Tax | 6.02 | 0.60 | 0.42 |
| EBITDA | 9.76 | 2.36 | 1.69 |
| NET Worth | 9.57 | 3.31 | 2.57 |
| Reserves and Surplus | 5.57 | 3.06 | 2.32 |
| Total Borrowing | 20.22 | 16.30 | 15.92 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding Capital Expenditure towards setting up HDPE Ball Valves and Fittings Manufacturing Unit | 5.26 |
| 2 | Repayment and/or pre-payment, in full or part, of certain borrowings | 3.90 |
| 3 | Working Capital Requirements | 14.13 |
| 4 | Issue Related Expenses | 3.11 |
| 5 | General Corporate Expenses | 4.66 |
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 62.91% |
| ROCE | 32.29% |
| Debt/Equity | 2.11 |
| RoNW | 62.91% |
| PAT Margin | 10.10% |
| EBITDA Margin | 16.36% |
| Price to Book Value | 8.79 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 1.51 | 1.10 |
| P/E (x) | 13.95 | 19.11 |
| Promoter Holding | 100% | 73% |
| Market Cap | ₹115.07 Cr. |
The Chiraharit IPO is subscribed 1.88 times on October 3, 2025 5:04:52 PM (Day 4). The public issue subscribed 3.03 times in the individual investors category, [.] times in the QIB category, and 0.73 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for | Total Application |
|---|---|---|---|---|
| NII* | 0.73 | 70,26,000 | 51,60,000 | 0 |
| Individual Investor | 3.03 | 70,26,000 | 2,13,12,000 | 0 |
| Total | 1.88 | 1,40,52,000 | 2,64,72,000 | 1,919 |
Total Application : 1,919
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manager Fees (including Underwriting Commission) | 0.87 |
| 2 | Registrar to the issue | 0.02 |
| 3 | Legal Advisor | 0.01 |
| 4 | Peer Review Auditors | 0.02 |
| 5 | Market Maker | 0.03 |
| 6 | Sponsor Bank and Bankers to the Issue | 0.01 |
| 7 | UPI Bidding charges, Printing and distribution of Issue Stationary, other Miscellaneous expenses | 0.11 |
| 8 | Regulators Including Stock Exchanges | 0.16 |
| 9 | Advertising, Selling and Marketing Expenses | 1.89 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹21.00 |
| Open | ₹16.80 |
| Low | ₹15.96 |
| High | ₹16.80 |
| Last Trade | ₹15.96 |
Lead Manager Reports
Chiraharit IPO is a SME IPO of 1,47,96,000 equity shares of the face value of ₹1 aggregating up to ₹31 Crores. The issue is priced at ₹21 per share. The minimum order quantity is 6000.
The IPO opens on Mon, Sep 29, 2025, and closes on Fri, Oct 3, 2025.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Chiraharit IPO using UPI as a payment gateway. Zerodha customers can apply in Chiraharit IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Chiraharit IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Chiraharit IPO opens on Mon, Sep 29, 2025 and closes on Fri, Oct 3, 2025.
Chiraharit IPO lot size is 6000, and the minimum amount required for application is ₹2,52,000, with 2 lots being the minimum application size.
You can apply in Chiraharit IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Chiraharit IPO will be done on Monday, October 6, 2025, and the allotted shares will be credited to your demat account by Tue, Oct 7, 2025. Check the Chiraharit IPO allotment status.
The Chiraharit IPO listing date is on Wed, Oct 8, 2025.
