Chiraharit IPO is scheduled to open on September 29, 2025, and close on October 3, 2025, with a fixed price of ₹21 per share. The IPO comprises a fresh issue valued at ₹31.07 crore and will be listed on BSE and SME exchanges by October 8, 2025. The Chiraharit IPO provides investors an opportunity to participate in a niche EPC space focused on green energy and water management, with a reported order book value exceeding ₹51 crore as of August 2025.
₹00
₹21
₹16.80
Expert Opinions
Market sentiment around Chiraharit IPO is cautiously optimistic, reflecting interest in the company’s focus on sustainable infrastructure solutions. The company’s key strengths include a high Return on Equity (ROE) of 62.91%, Return on Capital Employed (ROCE) of 32.29%, and a Net Asset Value (NAV) of ₹2.39 for FY 2025, demonstrating strong profitability and asset efficiency. Being engaged in niche EPC projects such as renewable energy and water management adds to Chiraharit’s growth appeal.
Risks involve dependency on government contracts, project execution delays, and sector cyclicality. From a long-term perspective, Chiraharit IPO offers potential for steady returns through exposure to green infrastructure growth, but investors should weigh project-specific risks and market volatility before investing.
Investor Considerations
Chiraharit has shown remarkable company performance with revenue growth of 95% in FY 2025, reaching ₹59.80 crore and a PAT margin of 10.10%. The sector outlook remains favorable as demand for sustainable water and renewable energy infrastructure grows. Chiraharit IPO valuation for financial year 2025 presents a Price to Book Value of 8.79, PAT Margin of 10.10%, and a Debt to Equity ratio of 2.11, reflecting strong profitability but moderate leverage.
Growth prospects are driven by niche turnkey EPC projects in water management and renewable energy, supported by a growing order book and strategic focus on sustainability. Risks include project execution delays, dependency on a few key clients, and sector cyclicality. The Chiraharit IPO is suited for long-term investors aiming to benefit from green infrastructure growth, while short-term investors should consider market and project risks.
| Date | GMP | Trend |
|---|---|---|
| 07 Oct 2025 13.10 | ₹00 | --- |
| 06 Oct 2025 11.40 | ₹00 | --- |
| 04 Oct 2025 11.25 | ₹00 | --- |
| 03 Oct 2025 12.10 | ₹00 | Down |
| 01 Oct 2025 12.46 | ₹5 | Up |
| 29 Sep 2025 13.31 | ₹00 | --- |
FAQs
The Grey Market Premium showed poor accuracy in predicting Chiraharit IPO’s listing performance. With a final GMP of ₹0, it projected no gain or loss over the issue price of ₹21. However, the stock listed at ₹16.80, marking a 20% loss. This resulted in a large prediction error of 20%, where the GMP failed to signal the negative listing and reflected weak reliability in this case.
Chiraharit IPO Current GMP is ₹00.
Chiraharit IPO Expected Returns is 0.00%.
Chiraharit IPO estimated listing price is ₹21.