Chiraharit IPO

₹1,26,000/6000 shares

Minimum Investment

IPO Details

Open Date

29 Sep 25

Close Date

03 Oct 25

Minimum Investment

₹1,26,000

Lot Size

6000

Price Range

₹21 to ₹21

Listing Exchange

BSE

Issue Size

₹31.07 Cr

Listing Date

08 Oct 25

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

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3Enter Number of Lots and your Price.

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5Complete Transaction on Your UPI App