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Chiraharit IPO
₹1,26,000/6000 shares
Minimum Investment
IPO Details
29 Sep 25
03 Oct 25
₹1,26,000
6000
₹21 to ₹21
BSE
₹31.07 Cr
08 Oct 25
Open Free Demat Account
Open Free Demat Account
Chiraharit IPO Timeline
Bidding Start
29 Sep 25
Bidding Ends
03 Oct 25
Allotment Finalisation
06 Oct 25
Refund Initiation
07 Oct 25
Demat Transfer
07 Oct 25
Listing
08 Oct 25
Chiraharit Limited IPO

Incorporated in 2006, Chiraharit Limited provides innovative, sustainable solutions across multiple sectors, with a strong focus on quality. The company specialises in turnkey EPC projects, particularly in water and renewable energy, delivering customised solutions for project-specific challenges. It ensures clean water supply for agriculture, solar module cleaning, dust suppression in factories, and residential needs. In renewable energy, it constructs Compressed Bio-Gas (CBG) plants with complete civil, mechanical, and pumping system execution. Its services include water pipeline solutions, irrigation systems, CBG plant construction, and industrial and residential construction projects.
Chiraharit Limited IPO Overview
Chiraharit IPO is a fixed price issue of ₹31.07 crores, entirely comprising a fresh issue of 1.48 crore shares. The IPO opens for subscription on 29 September 2025 and closes on 3 October 2025, with allotment expected to be finalised on 6 October 2025. The shares are planned to list on BSE SME, tentatively on 8 October 2025. Priced at ₹21 per share, the lot size is 6,000, requiring a minimum investment of ₹2,52,000 for retail investors and ₹3,78,000 for HNIs. Finshore Management Services Ltd. acts as the book running lead manager, Bigshare Services Pvt. Ltd. is the registrar, and Anant Securities is the market maker.
Chiraharit Limited IPO Details
| Particulars | Details |
| IPO Date | 29 September 2025 to 3 October 2025 |
| Listing Date | 8 October 2025 |
| Face Value | ₹1 per share |
| Issue Price Final | ₹21 per share |
| Lot Size | 12,000 Shares |
| Total Issue Size | 1,47,96,000 shares (aggregating up to ₹31.07 Cr) |
| Fresh Issue | 1,47,96,000 shares (aggregating up to ₹31.07 Cr) |
| Offer for Sale | NA |
| 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 |
| Market Maker Portion | 7,44,000 shares |
Chiraharit Limited IPO Reservation
| Investor Category | Shares Offered |
| Market Maker | 7,44,000 (5.03%) |
| NII (HNI) | 70,26,000 (47.49%) |
| Retail | 70,26,000 (47.49%) |
| Total | 1,47,96,000 (100%) |
Chiraharit Limited IPO Lot Size
| Application | Lots | Shares | Amount |
| Retail (Min) | 2 | 12,000 | ₹2,52,000 |
| Retail (Max) | 2 | 12,000 | ₹2,52,000 |
| HNI (Min) | 3 | 18,000 | ₹3,78,000 |
Chiraharit Limited IPO Promoter Holding
| Shareholding Status | Percentage |
| Pre-Issue | 100% |
| Post-Issue | 73% |
Chiraharit Limited IPO Valuation Overview
| KPI | Value |
| EPS | 1.51 (Pre-IPO), 1.10 (Post-IPO) |
| Price/Earnings (P/E) Ratio | 13.95 (Pre-IPO), 19.11 (Post-IPO) |
| Return on Net Worth (RoNW) | 62.91% |
| Net Asset Value (NAV) | 2.39 |
| Return on Equity (ROE) | 62.91% |
| Return on Capital Employed (ROCE) | 32.29% |
| EBITDA Margin | 16.36% |
| PAT Margin | 10.10% |
| Debt to Equity Ratio | 2.11 |
| Price to Book Value | 8.79 |
Objectives of the Proceeds
- Fund HDPE Ball Valves and Fittings Manufacturing Unit – ₹5.26 Cr
- Repay certain borrowings fully or partially – ₹3.90 Cr
- Meet working capital requirements – ₹14.13 Cr
- Cover issue-related expenses – ₹3.11 Cr
- General corporate purposes – ₹4.66 Cr
Key Financials (₹ Crores)
| Particulars | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 40.58 | 25.77 | 22.71 |
| Revenue | 59.80 | 30.57 | 33.03 |
| Profit After Tax | 6.02 | 0.60 | 0.42 |
| Reserves and Surplus | 5.57 | 3.06 | 2.32 |
| Total Borrowings | 20.22 | 16.30 | 15.92 |

SWOT Analysis of Chiraharit IPO
Strength and Opportunities
- Experienced promoters and directors with domain expertise
- Diversified service portfolio across water, energy, and construction
- Strong project execution capabilities and strategic partnerships
- Robust order book ensuring revenue visibility
- Commitment to quality and recognized standards
Risks and Threats
- Limited market presence compared to larger listed peers
- High dependence on government and industrial projects
- Debt-to-equity ratio indicates moderate financial leverage
- Competition from emerging renewable energy and water solution firms
- Regulatory changes in construction or energy sector may impact business
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About Chiraharit Limited IPO
Chiraharit IPO Strengths
- Promoters and directors have extensive experience in EPC, water, and renewable energy.
- Diversified service portfolio across water, renewable energy, and construction projects.
- Robust order book ensures predictable revenue and growth visibility.
- Strong project execution capabilities and strategic partnerships enhance delivery.
- Commitment to quality standards with recognized certifications.
Chiraharit Limited IPO Peer Comparison
| Company Name | EPS (Basic) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio |
| Chiraharit Limited | 1.51 | 2.39 | 13.95 | 62.91 | 10.50 |
| Peer Group | |||||
| Polysil Irrigation Systems Limited | -1.63 | 20.03 | -112.15 | -8.15 | 9.10 |
How to apply IPO with HDFC SKY?
Follow these simple steps to apply for an IPO through HDFC SKY. Secure your investments and explore new opportunities with ease by accessing the IPOs available on the platform.
- 1Login to your HDFC SKY Account
- 2Select Issue
- 3Enter Number of Lots and your Price.
- 4Enter UPI ID
- 5Complete Transaction on Your UPI App
FAQs On Chiraharit IPO
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