Chiraharit IPO
Open SmeCurrent GMP
₹2 (+9.52%)
Price Band
₹ 21 – 21
Lot Size
6000
Issue Size
₹31.07 Cr
Minimum Investment
₹252000 (12000 Shares)
Listing Date
08 October 2025
Subscription
3.9x
About the Company
Chiraharit Limited
Incorporated in 2006, Chiraharit Limited is a diversified engineering and project execution company engaged in delivering sustainable, innovative, and high-quality solutions across multiple sectors. The company specializes in turnkey EPC (Engineering, Procurement, and Construction) projects, with a strong focus on the water management and renewable energy industries.
Business Overview
- Water Solutions
Chiraharit provides end-to-end solutions for delivering clean and reliable water across diverse applications. Its expertise spans from irrigation systems for agriculture and landscaping to solar module cleaning, dust suppression for cement factories, and pipeline solutions for residential and industrial projects. The company also supplies and installs a wide range of piping systems, including HDPE, UPVC, CPVC, PVC, and sprinkler pipes and fittings. - Renewable Energy
In the renewable sector, Chiraharit focuses on the construction of Compressed Bio-Gas (CBG) plants, offering complete turnkey execution. The scope of services includes civil, mechanical, and pumping system works, ensuring seamless project delivery and contributing to India’s sustainable energy transition. - Construction
The company also undertakes industrial and residential construction projects, providing reliable infrastructure solutions with an emphasis on quality and timely execution.
Strengths
- Proven track record in turnkey EPC projects.
- Sustainable solutions tailored to sector-specific challenges.
- Expertise in water management and renewable energy infrastructure.
Workforce
As of February 28, 2025, Chiraharit Limited employed 92 personnel, including engineers, project managers, and skilled staff, enabling efficient execution of complex projects.
Promoters
- Mr. Pavan Kumar Bang
- Mrs. Tejaswini Yarlagadda
- Mr. Venkata Ramana Reddy Gaggenapalli
Promoters Holding
Holding Pre Issue
100.00%
Holding Post Issue
73.00%
Objects of the Issue
The Company Chiraharit IPO proposes to utilise the Net Proceeds from the Issue towards the following objects.
- Funding Capital Expenditure towards setting up HDPE Ball Valves and Fittings Manufacturing Unit
- Repayment and/or pre-payment, in full or part, of certain borrowings
- Working Capital Requirements
- Issue Related Expenses
- General Corporate Expenses
Address / Contact Info
Chiraharit Ltd.
Malaxmi Courtyard, Survey No. 157,
Khajaguda Village,
Chitrapuri Colony Post, Hyderabad, 500104
Hyderabad, Telangana, 500104
Phone: +91 7738561210
Email: cs@chiraharit.com
Website: https://chiraharit.com/
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Monday, 29 September 2025
IPO Close Date
Friday, 03 October 2025
Basis of Allotment
Monday, 06 October 2025
Initiation of Refunds
Tuesday, 07 October 2025
Credit of Shares to Demat
Tuesday, 07 October 2025
Listing Date
Wednesday, 08 October 2025 — NSE & BSE
Important Dates
Open Date
29 September 2025
Close Date
03 October 2025
Basis Of Allotment
06 October 2025
Listing Date
08 October 2025
Financial Performance (₹ in Crores)
| Particular | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 40.58 | 25.77 | 22.71 |
| Revenue | 59.8 | 30.57 | 33.03 |
| Profit After Tax | 6.02 | 0.6 | 0.42 |
| Net Worth | 9.57 | 3.31 | 2.57 |
| Reserve & Surplus | 5.57 | 3.06 | 2.32 |
| Total Borrowings | 20.22 | 16.3 | 15.92 |
EPS Pre
1.51%
EPS Post
1.10%
P/E Pre
13.95
P/E (Post Issue)
19.11x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | KPI as of Mon | Mar 2024 | Mar 2023 |
|---|---|---|---|
| ROE % | 62.91 | 18.2 | 16.35 |
| ROCE % | 32.29 | 10.5 | 8.58 |
| Debt / Equity | 2.11 | 4.92 | 6.19 |
| RoNW % | 62.91 | 18.2 | 16.35 |
| PbW | 0 | 0 | 0 |
| Pat Margin % | 10.1 | 1.97 | 1.28 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Qualified Institutions | 706800 | 28.5 | 0 |
| Non-Institutional | 532800 | 21.48 | 0 |
| BNII | 355200 | 14.32 | 0 |
| SNII | 177600 | 7.16 | 0 |
| Retail Investors | 1240800 | 50.02 | 0 |
| Total | 2480400 | 100 | 0 |
Subscription Status ( Fri, 03 Oct 25 01:50 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 706800 | 6000 | 0.01x |
| Non-Institutional | 532800 | 4822000 | 9.05x |
| Retail Investors | 1240800 | 4852000 | 3.91x |
| Total | 2480400 | 9680000 | 3.9x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
| Company | Face Value | PE Ratio | EPS Basic | EPS Diluted | RoNW | Net Assets |
|---|---|---|---|---|---|---|
| Chiraharit Limited | 1 | 13.95 | 1.51 | 1.51 | 62.91 | 2.39 |
| Polysil Irrigation Systems Ltd | 10 | -112.15 | -1.63 | -1.63 | -8.15 | 20.03 |
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 12,000 | 252,000.00 |
| Retail (Max) | 2 | 12,000 | 252,000.00 |
| S-HNI (Min) | 3 | 18,000 | 378,000.00 |
Registrar
Bigshare Services Pvt Ltd
91-22-6263 8200
investor@bigshareonline.com
https://www.bigshareonline.com
Book Running Lead Managers
- Finshore Management Services Limited
RHP Document
DRHP Document
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Chiraharit IPO is a Fixed price IPO worth ₹31.07 crores. The price band is ₹21 to 21 per share. The IPO opens on Mon, Sep 29, 2025 and closes on Fri, Oct 3, 2025. It will be listed on BSE and NSE. Bigshare Services Pvt Ltd is the registrar.
The Chiraharit IPO opens on Mon, Sep 29, 2025 and closes on Fri, Oct 3, 2025
Chiraharit IPO Price Band is ₹21 to 21.
Chiraharit IPO lot size is 6000, and the minimum amount required for application is ₹252000.
The minimum investment for Chiraharit IPO is approximately ₹252000 based on the upper price band.
To apply for the Chiraharit IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Fri, Oct 3, 2025. After submission, funds are blocked until the basis of allotment of Chiraharit IPO is finalised.
Chiraharit IPO issue size is ₹31.07 crores.
Chiraharit IPO allotment date is Sat, Jun 27, 2026.
The registrar for Chiraharit IPO is Bigshare Services Pvt Ltd. Investors can go to Bigshare Services Pvt Ltd website for IPO allotment status, refund processing, and other queries related to Chiraharit IPO through their official website or helpline.
The Chiraharit IPO GMP (Grey Market Premium) is ₹2 as of Fri, Oct 3, 2025. Based on the upper price band of ₹21 per share, the estimated Chiraharit IPO listing price is ₹23, indicating a potential listing gain of approximately 31% over the issue price.