Chiraharit IPO
Chiraharit IPO
Overview
Chiraharit IPO is a fixed price issue of ₹31.07 crores. The issue is entirely a fresh issue of 1.48 crore shares of ₹31.07 crore. Chiraharit IPO opens for subscription on Sep 29, 2025 and closes on Oct 3, 2025. The allotment for the Chiraharit IPO is expected to be finalized on Oct 6, 2025. Chiraharit IPO will list on BSE SME with a tentative listing date fixed as Oct 8, 2025. Chiraharit IPO price is ₹21.00 per share . The lot size for an application is 6,000. The minimum amount of investment required by an individual investor (retail) is ₹2,52,000.00 (12,000 shares) (based on upper price). The minimum lot size investment for HNI is 3 lots (18,000 shares), amounting to ₹3,78,000. Finshore Management Services Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Anant Securities.
Total Shares
1,47,96,000
Issue Size
₹31.07 Cr
Price Band
₹21 – ₹21
Lot Size
6000 shares
Min. Investment
₹2,52,000
Max. Investment
₹2,52,000
Open Date
29 Sep, 2025
Close Date
03 Oct, 2025
Allotment
06 Oct, 2025
Listing
08 Oct, 2025
Max. Investment
₹2,52,000
Announced
29 Sep, 2025
Opening Date
29 Sep, 2025
Closing Date
03 Oct, 2025
Basis of Allotment
06 Oct, 2025
Initiation of Refunds
07 Oct, 2025
Credit of Shares
07 Oct, 2025
Listing Date
08 Oct, 2025
Live GMP
Est. Listing: ₹25
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About Chiraharit IPO
Incorporated in 2006, Chiraharit Limited is engaged in providing innovative solutions across various sectors, focusing on sustainability and quality.
The company specializes in turnkey EPC projects, focusing on water-based and renewable energy sectors, delivering innovative, sustainable solutions tailored to meet project-specific challenges for optimal performance.
The company delivers clean, safe water across diverse sectors, from farming irrigation to solar module cleaning, dust
Chiraharit IPO Share Price
Issue Breakdown
Shareholding
Dilution: 37.0% increase in shares
Chiraharit IPO Promoters Holding
Chiraharit IPO Financial Health
Chiraharit Ltd.'s revenue increased by 96% and profit after tax (PAT) rose by 898% between the financial year ending with March 31, 2025 and March 31, 2024.
Chiraharit IPO Lot Size
Investors can bid for a minimum of 12,000 shares and in multiples of 6,000 shares thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 12000 | ₹2,52,000 |
| Individual investors (Retail) (Max) | 2 | 12000 | ₹2,52,000 |
| HNI (Min) | 3 | 18000 | ₹3,78,000 |
(All values in CR)
Chiraharit IPO Valuations
The market capitalization of Chiraharit IPO is ₹115.07 Cr. KPI as of Mon, Mar 31, 2025.
| Metric | Value |
|---|---|
| ROE | 62.91 |
| ROCE | 32.29 |
| Debt/Equity | 2.11 |
| RoNW | 62.91 |
| PAT Margin | 10.10 |
| EBITDA Margin | 16.36 |
| Price to Book Value | 8.79 |
(All values in CR)
Chiraharit IPO Strength & Risk
Chiraharit IPO Strength:
Part of the diversified MALAXMI Group with established track record.
Offers end-to-end EPC solutions for water-based systems and renewable energy projects.
Owns in-house manufacturing facility for HDPE pipes ensuring quality and supply reliability.
Demonstrates strong financial performance with growth in revenue and profitability.
Led by experienced management with expertise in engineering, procurement, and construction.
Chiraharit IPO Risk:
Heavy reliance on water and renewable energy sectors exposes the company to industry-specific downturns.
Operational challenges in managing large-scale EPC projects, including potential delays and cost overruns.
Dependence on borrowed funds may impact financial stability.
Faces competition from established players in EPC and renewable energy sectors.
Subject to regulatory changes in water management and renewable energy policies.
Chiraharit IPO Subscriptions Status
Chiraharit IPO subscribed 0.75 times. The public issue subscribed 1.27 times in the individual investors category, [.] times in QIB (Ex Anchor), and 0.23 times in the NII category by October 1, 2025 4:30:01 PM (Day 3).
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Rs Cr.) |
|---|---|---|---|---|
| Market Maker | 1.00 | 7,44,000 | 7,44,000 | 1.56 |
| Non-Institutional Buyers | 0.23 | 70,26,000 | 16,50,000 | 3.47 |
| Individual Investors (IND category bidding for 2 Lots) | 1.27 | 70,26,000 | 89,40,000 | 18.77 |
| Total | 0.75 | 1,40,52,000 | 1,05,90,000 | 22.24 |
Chiraharit IPO GMP
Chiraharit SME IPO last GMP is ₹4, last updated Oct 1st 2025 03:32 PM. With the price band of 21.00, Chiraharit SME IPO's estimated listing price is ₹25 (cap price + today's GMP).The expected percentage gain/loss per share is 19.05%. >> Chiraharit SME IPO Retail Subject to Sauda: ₹18200 The lowest GMP is ₹0.00, while the highest GMP is ₹4.00.
Last updated 01 Oct, 2025 · Source: aggregated grey-market dealers
| Date | IPO Price | GMP | Sub2 Sauda | Est. Listing | Est. Profit | Updated |
|---|---|---|---|---|---|---|
| 01 Oct, 2025 | 21 | ₹4 | 18200 | ₹25 (19.05%) | 24000 | 01 Oct, 2025 |
| 30 Sep, 2025 | 21 | ₹4 | 18200 | ₹25 (19.05%) | 24000 | 30 Sep, 2025 |
| 29 Sep, 2025 | 21 | ₹4▲ | 18200 | ₹25 (19.05%) | 24000 | 29 Sep, 2025 |
| 28 Sep, 2025 | 21 | ₹0 | - | ₹21 (0.00%) | - | 28 Sep, 2025 |
| 27 Sep, 2025 | 21 | ₹0 | - | ₹21 (0.00%) | - | 27 Sep, 2025 |
| 26 Sep, 2025 | 21 | ₹0 | - | ₹21 (0.00%) | - | 26 Sep, 2025 |
| 25 Sep, 2025 | 21 | ₹0 | - | ₹21 (0.00%) | - | 25 Sep, 2025 |
Disclaimer: GMP is an unofficial signal from grey-market dealers and is not regulated by SEBI. Use it alongside subscription data and other research for informed decision-making.
How to Apply for Chiraharit IPO
Login to Your Trading App
Open Zerodha, Upstox, Groww, Angel One, or any brokerage app.
Go to IPO Section
Find Chiraharit IPO under the IPO section. Select it and enter your bid details — choose lot size and price (cut-off price recommended).
Enter UPI ID and Submit
Provide your UPI ID linked to your bank account and submit the application.
Approve Mandate on UPI App
Open your UPI app (Google Pay, PhonePe, Paytm, BHIM) and approve the IPO payment request.
Application Confirmed
Your funds will be blocked in your account until the IPO allotment process is completed.