Chiraharit IPO Details
The key details of Chiraharit’s IPO are outlined below, covering all crucial aspects from price range to investment requirements and regulatory documents.
| IPO Size | ₹31.07 Cr |
| Price Range | ₹21 |
| Retail Quota | 50% |
| QIB Quota | -- |
| NII Quota | 50% |
| Employee Discount | -- |
| Listing at | BSE |
| Minimum Quantity | 12,000 |
| Investment (cut-off price) | ₹2,52,000 |
| Pre IPO Promotor Holding | 100.00% |
| Post IPO Promotor Holding | 73% |
| DHRP Draft | Click Here |
| RHP Draft | Click Here |
| Anchor Investors List | Click Here |
Chiraharit IPO Timelines
The IPO process for Chiraharit includes key dates for participants to know. The timeline allows for strategic planning and participation, helping investors stay informed and engaged throughout the entire process.
29/09/2025
Start Date03/10/2025
End Date07/10/2025
Refund Initiation07/10/2025
Credit of Shares to Demat Ac08/10/2025
Listing DateChiraharit IPO Lot Size
The Chiraharit IPO has a fixed lot size of 6,000 shares, at a fixed price band of ₹21 per share. For retail investors, the minimum and maximum application is 12,000 shares (2 lots) amounting to ₹2,52,000. For HNI investors, the minimum application is 18,000 shares (3 lots) worth ₹3,78,000.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 | 12000 | ₹2,52,000 |
| Retail Maximum | 2 | 12000 | ₹2,52,000 |
| HNI Minimum | 3 | 18000 | ₹3,78,000 |
Chiraharit IPO Subscription Status
The subscription status for Chiraharit IPO shows market demand across different investor categories, providing valuable insights into the offering’s performance. You can track real-time subscription data below.
| QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|
IPO Performance on Listing Day
| Opening Price | Closing Price | Day High | Day Low |
|---|---|---|---|
| ₹ | ₹ | ₹ | ₹ |
Chiraharit IPO Company Financials
Chiraharit reports robust performance in FY2025 with Total Income of ₹59.80 crores, managing expenses at ₹49.87 crores, and achieving a strong PAT (Profit After Tax) of ₹6.02 crores, demonstrating significant growth potential ahead of its public offering.
| Year | Total Income | Total Expense | PAT |
|---|---|---|---|
| FY 2023 | ₹33.03 | ₹31.20 | ₹0.42 |
| FY 2024 | ₹30.57 | ₹28.21 | ₹0.60 |
| FY 2025 | ₹59.80 | ₹49.87 | ₹6.02 |
About Company
Incorporated in 2006, Chiraharit Limited provides innovative and sustainable solutions across multiple sectors with a strong focus on quality and environmental responsibility. The company specializes in turnkey EPC projects, particularly in the water and renewable energy sectors, offering customized solutions designed to address project-specific challenges. Its water solutions serve a wide range of applications, including irrigation for agriculture, solar module cleaning, dust suppression in cement factories, and reliable water supply for residential housing projects.
In the renewable energy space, Chiraharit is involved in constructing Compressed Bio-Gas plants, delivering comprehensive turnkey services that include civil, mechanical, and pumping systems to ensure efficient and seamless execution. The company also offers a variety of water-related products such as solar module cleaning systems, irrigation systems, water pipelines, and pipe fittings made from HDPE, UPVC, CPVC, and PVC. Additionally, Chiraharit engages in the construction of industrial and residential projects, reinforcing its presence in infrastructure development.
| Incorporation Date | Sector | Managing Director |
|---|---|---|
| 2006 | Engineering | Pavan Kumar Bang |
Know Before Investing
Chiraharit IPO Strengths
- Provides turnkey EPC projects in water movement for irrigation, drinking water, industrial use, and renewable energy systems like solar module cleaning and compressed biogas plants.
- Maintains a strong order book of over ₹41 crores as of March 2025, reflecting good revenue visibility and project pipeline.
- Known for executing projects within specified timelines, budget, and quality standards, which helps in client retention and reputation building.
- Offers diverse product lines including pressurized irrigation systems, HDPE pipes, solar cleaning water systems, and compressed bio-gas plant solutions, reducing dependence on a single revenue stream.
- Engages in green technology projects and water conservation efforts aligning with global and governmental sustainability trends, opening avenues for growth.
- Addresses large and expanding markets in India including agricultural irrigation, solar cleaning, and bio-energy, capitalizing on expected sector growth.
- Has operational roots and recognition in key Indian states which helps in effective market penetration and service delivery.
Chiraharit IPO Risks
- The company derives a significant portion of its revenue from a limited number of customers, with the top ten customers accounting for around 72% of revenue. Loss or delays from these customers could adversely impact financial performance.
- A large share of revenues comes from a few Indian states such as Telangana, Rajasthan, Gujarat, Andhra Pradesh, and Maharashtra, risking business exposure to region-specific economic or regulatory changes.
- The company focuses heavily on water-based and renewable energy segments; any slowdown or policy shifts in these sectors may affect demand for its services.
- Faces competition from other EPC providers and water solutions companies, which may lead to pricing pressures and margin erosion.
- Execution of turnkey projects relies on effective coordination, timely procurement, and skilled workforce; delays or disruptions could impact profitability and reputation.
- Large projects require significant upfront capital and long receivable cycles, potentially straining liquidity and cash flow management.
Swot Analysis for Chiraharit IPO
Strengths
Strong Order Book, Consistent Profit Growth, Diverse EPC Portfolio
Weaknesses
Geographic Concentration, Sector Concentration, Dependence on Supplier and Technology Partners
Opportunities
Increasing Demand for Irrigation Infrastructure, Agriculture Sector Reforms, Geographical Expansion
Threats
Economic and Weather Risks, Regulatory Changes, Working Capital Constraints
Company Details
Chiraharit Ltd.
Malaxmi Courtyard, Survey No. 157, Khajaguda Village, Chitrapuri Colony Post, Hyderabad, Telangana, India, 500104
Phone: +91 7738561210
Email: cs@chiraharit.com
Website: https://chiraharit.com/
IPO Registar Details
Bigshare Services Pvt. Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
FAQs
The key objectives of Chiraharit SME IPO are:
- 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
Finshore Management Services Ltd. is the book-running lead managers for the Chiraharit IPO.
Chiraharit IPO shows growth potential supported by a strong order book of over ₹51 crore and expertise in water and renewable energy EPC projects. Despite stable revenue of ₹59.80 crore and PAT of ₹6.02 crore in FY25, rising infrastructure investments provide opportunities for sustainable expansion.
The issue price for the Chiraharit IPO is set to ₹21 per share.
To invest in two lot of Chiraharit IPO, you need ₹2,52,000 at the fixed price band (₹21 per share) for a lot size of 12,000 shares.
Chiraharit IPO shares are scheduled to be listed on the Bombay Stock Exchange (BSE) on October 8, 2025.
Refund/unblocking of funds for Chiraharit IPO will begin on October 7, 2025. ASBA/UPI blocks will be removed within 1 working day.
You can sell shares your Chiraharit IPO shares on listing day (October 8, 2025) after they are credited to your demat account. If you want to sell in the pre-open market, the timing for that session is from 9:00 AM to 9:15 AM. Otherwise, you can sell after 10:00 AM during regular trading hours.