Chiraharit
September 29, 2025 – October 3, 2025
| Price | ₹21 - ₹21 |
| GMP Rumors * | ₹0 |
|---|---|
| Lot size | 6000 |
| Issue size | ₹31.07 cr |
| Allotment | Oct 6, 2025 |
| Listing | Oct 8, 2025 |
Live Rate
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| P/E Ratio |
Chiraharit Listing Price
| Exchange | Listing Price | Gain/Loss | % |
|---|---|---|---|
| BSE | ₹16.80 | -₹4.20 | -20.00% |
Chiraharit Subscription
Last updated on 03-Oct-2025 17:03:08
| Category | Offered | Applied | Times |
|---|---|---|---|
| HNIs | 7026000 | 5904000 | 0.84 |
| Individual | 7026000 | 21312000 | 3.03 |
| Total | 14052000 | 27216000 | 1.94 |
Application-Wise Breakup  | |||
|---|---|---|---|
| Category | Reserved | Applied | Times |
| HNIs (3-10L) | 390 | 126 | 0.32 |
| Individual | 586 | 1776 | 3.03 |
Chiraharit Lot(s) Distribution
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| INDIVIDUAL | 2 | 12000 | 252000 | 586 |
| HNI | 3 | 18000 | 378000 | 390 |
Chiraharit Reservation
| Category | Shares Offered | % |
|---|---|---|
| HNI | 7026000 | 47.49% |
| INDIVIDUAL | 7026000 | 47.49% |
| Market Maker | 744000 | 5.03% |
| Total | 14796000 | 100% |
Chiraharit About
Chiraharit IPO Details
| Issue Size | 1,47,96,000 shares (aggregating up to ₹31.07 Cr) |
| Fresh Issue Size | 1,47,96,000 shares (aggregating up to ₹31.07 Cr) |
| 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 |
| Reserved for Market Maker | 7,44,000 shares (aggregating up to ₹1.56 Cr) |
| Market Maker | Anant Securities |
Key Performance Indicators (KPI)
| KPI | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| RONW | 62.91% | 18.20% | 16.35% |
| EPS (basic) | 1.51 | 2.41 | 1.68 |
| P/E Pre IPO | 13.95 | ||
| P/E Post IPO | 19.11 |
Company Financials In Crores
| Period | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|
| Assets | 40.58 | 25.77 | 22.71 |
| Total Income | 59.80 | 30.57 | 33.03 |
| Profit After Tax | 6.02 | 0.60 | 0.42 |
| EBITDA | 9.76 | 2.36 | 1.69 |
| Net Worth | 9.57 | 3.31 | 2.57 |
| Reserves | 5.57 | 3.06 | 2.32 |
| Borrowing | 20.22 | 16.30 | 15.92 |
Peer Comparision (Valuation)
| Company | P/E (x) | CMP*(₹) | Face value (₹) |
|---|---|---|---|
| Chiraharit Limited | - | - | 1.00 |
| Polysil Irrigation Systems Limited | -112.15 | 182.8 | 10.00 |
Peer Comparison (Financial Performance)
| Company | NAV/Share (₹) | RoNW (%) | EPS (Basic) (₹) |
|---|---|---|---|
| Chiraharit Limited | 2.39 | 62.91% | 1.51 |
| Polysil Irrigation Systems Limited | 20.03 | -8.15% | -1.63 |
About Company
Incorporation & Core Business
Founded in 2006, Chiraharit Limited is engaged in providing innovative solutions across various sectors, focusing on sustainability and quality.
Business Focus
- Turnkey EPC Projects: Specialized in water-based and renewable energy sectors, delivering tailored solutions for optimal project performance.
- Water Solutions: Ensures clean and safe water supply for various applications including farming irrigation, solar module cleaning, dust suppression in cement factories, and residential housing projects.
- Renewable Energy: Expertise in constructing Compressed Bio-Gas (CBG) plants, offering complete turnkey execution of civil, mechanical, and pumping systems to support sustainable energy.
Service Portfolio
1. Water Solutions
- Solar Module Cleaning Systems
- Irrigation Solutions for Agriculture & Landscape
- Water Pipeline Solutions for Industrial & Residential Projects
- Supply of HDPE, UPVC, CPVC, PVC, Sprinkler Pipes & Fittings
2. Renewable Energy
- Turnkey Construction of Compressed Bio-Gas (CBG) Plants
- Construction of Industrial and Residential Projects
Strength
Diversified Service Portfolio – Presence across water, renewable energy, and construction reduces sectoral dependency.
Experienced Promoters & Domain Expertise – Strong leadership with proven execution capabilities.
Healthy Order Book – ₹51.38 crore secured orders provide revenue visibility and business stability.
Weakness
Clear cut avoid as per some good sources
Legal Proceedings – Ongoing cases involving company, promoters, and group entities may impact operations if decided adversely.
Dependence on Limited Customers – Revenue concentration increases vulnerability to order cancellations or delays.
Competitive & Tender-Driven EPC Model – Heavy reliance on qualification criteria and competitive bidding; loss or termination of projects can affect growth and profitability.
Chiraharit Latest Announcements
| Date | Subject | Attachment Text |
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Chiraharit Financial Results
Chiraharit Lead Manager(s)
Chiraharit Address
Malaxmi Courtyard, Survey No. 157,
Khajaguda Village,
Chitrapuri Colony Post,
Hyderabad, Telangana, 500104
Phone: +91 7738561210
Email: cs@chiraharit.com
Website: https://chiraharit.com/
Chiraharit Registrar
Chiraharit Reviewers
| Reviewer | Recommendation | File |
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