Chiraharit IPO
GMP, Subscription, Price, Dates & Financial Details
Power and Energy
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…
Open Date
Mon, 29 Sep 2025
Close Date
Fri, 03 Oct 2025
Issue Price
₹ 21
Lot Size
6000
Issue Size
₹ 31.07 Cr
Minimum Investment
₹ 252,000 (12000 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Chiraharit IPO has successfully completed its IPO process and is now listed on BSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a fixed price issue with a total issue size of ₹31.07 Crore.
The Chiraharit IPO remained open for subscription from September 29, 2025, to October 03, 2025. The basis of allotment was finalized on October 06, 2025, and the company's shares were listed on BSE SME Platform on October 08, 2025.
The company had fixed the price at ₹21 per share, with a lot size of 6000 shares. Retail investors were required to make a minimum investment of ₹252,000 (based on the upper price band) to apply for one lot.
Bigshare Services Pvt Ltd served as the registrar to the issue. Finshore Management Services Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Chiraharit Limited is now a publicly listed company on BSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Chiraharit IPO Timeline (Tentative)
- IPO Open Date
- Mon, 29 Sep 25
- IPO Close Date
- Fri, 03 Oct 25
- Basis of Allotment
- Mon, 06 Oct 25
- Initiation of Refunds
- Tue, 07 Oct 25
- Credit of Shares to Demat
- Tue, 07 Oct 25
- Listing Date
- Wed, 08 Oct 25 — NSE & BSE
Open Date
29 September 2025
Close Date
03 October 2025
Basis Of Allotment
06 October 2025
Listing Date
08 October 2025
IPO Subscription
Check Live Subscription →The Chiraharit IPO has received bids for 96,80,000 shares against 24,80,400 shares offered, resulting in an overall subscription of 3.9x. the NII category is subscribed 9.05x, Retail Investors 3.91x, and QIBs 0.01x.
QIB
0.01x
NII
9.05x
RII
3.91x
Total
3.9x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 12,40,800 shares, representing 50.02% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 7,06,800 shares (28.5%), while Non-Institutional Investors (NIIs) receive 5,32,800 shares (21.48%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Qualified Institutions | 706,800 | 28.5% |
| Non-Institutional | 532,800 | 21.48% |
| BNII | 355,200 | 14.32% |
| SNII | 177,600 | 7.16% |
| Retail Investors | 1,240,800 | 50.02% |
| Total | 2,480,400 | 100% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Chiraharit Limited KPI Information
| 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 |
| Pat Margin % | 10.1 | 1.97 | 1.28 |
Peers Comparison
| 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 |
About Chiraharit Limited
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.
Chiraharit IPO 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%
Chiraharit IPO Objective
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
Chiraharit Limited Address / Contact Details
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
Chiraharit IPO Lot Size
The Chiraharit IPO has a lot size of 6,000 shares. Retail investors require a minimum investment of ₹2,52,000 by applying for 2 lot (12,000 shares). The maximum application allowed for the retail category is 2 lots (12,000 shares), requiring an investment of ₹2,52,000.
| 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 |
Issue Reservation
- QIB — 28.5%
- NII — 21.48%
- RII — 50.02%
Book Running Lead Managers
- Finshore Management Services Limited
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Chiraharit IPO?
Chiraharit IPO is a Fixed price IPO with a total issue size of ₹31.07 crore. The Chiraharit IPO price band is ₹21 to 21 per share. The Chiraharit IPO subscription opens on Mon, Sep 29, 2025, and closes on Fri, Oct 3, 2025. The Chiraharit IPO will be listed on the BSE. Bigshare Services Pvt Ltd is the registrar for the Chiraharit IPO.
When will the Chiraharit IPO open for subscription?
The Chiraharit IPO opens on Mon, Sep 29, 2025 and closes on Fri, Oct 3, 2025
What is Chiraharit IPO Price Band?
Chiraharit IPO Price Band is ₹21 to 21 per share.
What is Chiraharit IPO Lot Size?
Chiraharit IPO lot size is 6000 shares, Retail investors need a minimum investment of ₹252000 based on the upper price band
What is the minimum investment for Chiraharit IPO?
The minimum investment for Chiraharit IPO is ₹252000, based on one lot of 6000 shares at the upper price band of ₹21 per share.
How to apply for Chiraharit IPO?
Investors can apply for the Chiraharit IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Fri, Oct 3, 2025. The application amount remains blocked until the Chiraharit IPO allotment is finalized.
What is Chiraharit IPO Issue Size?
Chiraharit IPO issue size is ₹31.07 crores.
What is the Chiraharit IPO Allotment Date?
Chiraharit IPO allotment date is Mon, Oct 6, 2025.
Who is the Chiraharit IPO Registrar?
The registrar for Chiraharit IPO is Bigshare Services Pvt Ltd. Investors can go to Bigshare Services Pvt Ltd website to check Chiraharit IPO allotment status, refund processing, and other IPO-related information.
What is the Chiraharit IPO GMP?
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 9.52% over the issue price.
Who is the Chiraharit IPO Lead Manager?
The book-running lead managers (BRLMs) for the Chiraharit IPO are Finshore Management Services Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Chiraharit IPO Red Herring Prospectus (RHP).