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Chiraharit Ltd. 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 opened for subscription on Sep 29, 2025 and will close on Oct 3, 2025. The allotment for the Chiraharit IPO is expected to be finalized on Oct 6, 2025. Chiraharit IPO will list on BSE SME with a tentative listing date fixed as Oct 8, 2025.
Chiraharit IPO price is ₹21.00 per share . The lot size for an application is 6,000. The minimum amount of investment required by an individual investor (retail) is ₹2,52,000.00 (12,000 shares) (based on upper price). The minimum lot size investment for 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 Date | September 29, 2025 to October 3, 2025 |
| Listing Date | October 8, 2025 |
| Face Value | ₹1 per share |
| Issue Price Final | ₹21 per share |
| Lot Size | 6,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 1,47,96,000 shares (aggregating up to ₹31.07 Cr) |
| Reserved for Market Maker | 7,44,000 shares Anant Securities (aggregating up to ₹1.56 Cr) |
| Net Offered to Public | 1,40,52,000 shares (aggregating up to ₹29.51 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 4,00,00,000 shares |
| Share Holding Post Issue | 5,47,96,000 shares |
Chiraharit IPO offers total 1,47,96,000 shares. Out of which 70,26,000 (47.49%) allocated to NII 70,26,000 (47.49%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 7,44,000 (5.03%) |
| NII (HNI) Shares Offered | 70,26,000 (47.49%) |
| Retail Shares Offered | 70,26,000 (47.49%) |
| Total Shares Offered | 1,47,96,000 (100.00%) |
Chiraharit IPO opens on September 29, 2025, and closes on October 3, 2025.
| IPO Open Date | Mon, Sep 29, 2025 |
| IPO Close Date | Fri, Oct 3, 2025 |
| Tentative Allotment | Mon, Oct 6, 2025 |
| Initiation of Refunds | Tue, Oct 7, 2025 |
| Credit of Shares to Demat | Tue, Oct 7, 2025 |
| Tentative Listing Date | Wed, Oct 8, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Oct 3, 2025 |
Investors can bid for a minimum of 12,000 shares and in multiples of 6,000 shares thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 | |||
KPI as of Mon, Mar 31, 2025.
| KPI | Values |
|---|---|
| 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 |
| Market Capitalization | ₹115.07 Cr. |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 1.51 | 1.10 |
| P/E (x) | 13.95 | 19.11 |
The Company Chiraharit IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 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 |
[Dilip Davda] CL is engaged in specializing turnkey EPC projects focusing on water based and renewable energy-based segments. It posted inconstancy in its top lines, but bottom lines marked improvements for the reported periods. It is operating in a highly competitive and fragmented segment. Based on its recent financial data, the issue appears fully priced. Tiny paid-up equity capital post-IPO indicates longer gestation period for migration. Well-informed/cash surplus investors may park moderate funds for long term. Read detail review...
| Listing Date | October 8, 2025 |
| BSE Script Code | 544561 |
| NSE Symbol | |
| ISIN | INE12P101018 |
| Final Issue Price | ₹21 per share |
| BSE Listing Group | MT (Trade to Trade) |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹21.00 |
| Open | ₹16.80 |
| Low | ₹15.96 |
| High | ₹16.80 |
| Last Trade | ₹15.96 |
Chiraharit Ltd.
Malaxmi Courtyard, Survey No. 157,
Khajaguda Village,
Chitrapuri Colony Post,
Hyderabad, Telangana, 500104
Phone: +91 7738561210
Email: cs@chiraharit.com
Website: https://chiraharit.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Chiraharit IPO is a SME IPO of 1,47,96,000 equity shares of the face value of ₹1 aggregating up to ₹31.07 Crores. The issue is priced at ₹21 per share. The minimum order quantity is 6000.
The IPO opens on September 29, 2025, and closes on October 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 September 29, 2025 and closes on October 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 Tuesday, October 7, 2025. Check the Chiraharit IPO allotment status.
The Chiraharit IPO listing date is on Wednesday, October 8, 2025.
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