Chiraharit Limited IPO Lists 20% Lower at ₹16.80 on BSE SME

New Delhi, October 8, 2025 – The shares of Chiraharit Limited IPO(BSE: 544561) had a weak debut on the BSE SME platform, listing at ₹16.80 (approximately a 20% discount from the issue price of ₹21 per share). The stock further extended its losses on the opening day and reached ₹16.00 at 1:45 PM, marking a decline of more than 20% from the IPO issue price.

The company is part of the Malaxmi Group and provides EPC solutions in water management and renewable energy infrastructure. The company was established in 2006, and the product portfolio includes irrigation systems, solar module cleaning, industrial water supply and CBG plant construction.

Chiraharit Limited IPO Listing Day Performance

Chirahari’s IPO debuted weakly, listing at ₹16.80, a 20% discount to its issue price of ₹21. The stock opened and hit a low of ₹15.96 (down 24%) amid negative sentiment and retail profit booking. The VWAP stood at ₹16.29, with a turnover of ₹14.66 lakh and traded quantity of 0.90 lakh shares. The company’s market capitalisation was ₹87.45 crore, and it belongs to the Civil Construction sector. Weak demand and cautious investor sentiment marred its debut.

Chiraharit Limited IPO Recap

The IPO received a lukewarm response (with an overall subscription of 1.88 times). Retail investors led the investor interest with a 3.03 times oversubscription. The NIIs witnessed weaker participation, with only 0.73 times the subscription. There was 100% subscription in the market maker category.

In total, 2.64 million shares were bid against 1.40 million offered, generating a total bid value of ₹55.59 crore across 1,919 applications, reflecting stronger retail interest but subdued demand from larger investors.

REF: https://www.bseindia.com/stock-share-price/chiraharit-ltd/chiraharit/544561/

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