Chiraharit IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Sep 29 to Oct 03 2025
Price Band
₹21
Current GMP
₹16.8 (-20%)
Subscription
1.88 times
IPO Details
| IPO Date | September 29, 2025 to October 3, 2025 |
| Listing Date | October 8, 2025 |
| Face Value | ₹1 per share |
| Issue Price Final | ₹21 per share |
| Lot Size | 6,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 1,47,96,000 shares (aggregating up to ₹31.07 Cr) |
| Reserved for Market Maker | 7,44,000 shares (aggregating up to ₹1.56 Cr)Anant Securities |
| Net Offered to Public | 1,40,52,000 shares (aggregating up to ₹29.51 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 |
IPO Date
September 29, 2025 to October 3, 2025
Listing Date
October 8, 2025
Face Value
₹1 per share
Issue Price Final
₹21 per share
Lot Size
6,000 Shares
Sale Type
Fresh Capital
Total Issue Size
1,47,96,000 shares (aggregating up to ₹31.07 Cr)
Reserved for Market Maker
7,44,000 shares (aggregating up to ₹1.56 Cr)Anant Securities
Net Offered to Public
1,40,52,000 shares (aggregating up to ₹29.51 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
IPO Subscription Details
| Market Maker | 1 |
| Non-Institutional Buyers*** | 0.73 |
| Individual Investors (IND category bidding for 2 Lots) | 3.03 |
| Total ** | 1.88 |
Market Maker
1
Non-Institutional Buyers***
0.73
Individual Investors (IND category bidding for 2 Lots)
3.03
Total **
1.88
Day Wise Sub
| Day | NII* | Individual Investors | Total |
|---|---|---|---|
| Day 1 Sep 29, 2025 | 0.12 | 0.07 | 0.10 |
| Day 2 Sep 30, 2025 | 0.06 | 0.34 | 0.20 |
| Day 3 Oct 1, 2025 | 0.24 | 1.31 | 0.77 |
| Day 4 Oct 3, 2025 | 0.73 | 3.03 | 1.88 |
DayDay 1
Sep 29, 2025
NII*0.12
Individual Investors0.07
Total0.10
DayDay 2
Sep 30, 2025
NII*0.06
Individual Investors0.34
Total0.20
DayDay 3
Oct 1, 2025
NII*0.24
Individual Investors1.31
Total0.77
DayDay 4
Oct 3, 2025
NII*0.73
Individual Investors3.03
Total1.88
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 08-10-2025 | 21.00 | 0(0.00%) | 21 |
| 07-10-2025 | 21.00 | 0(0.00%) | 21 |
| 06-10-2025 | 21.00 | 0(0.00%) | 21 |
| 05-10-2025 | 21.00 | 0(0.00%) | 21 |
| 04-10-2025 | 21.00 | 0(0.00%) | 21 |
| 03-10-2025 | 21.00 | 0(0.00%) | 21 |
| 02-10-2025 | 21.00 | 2(9.52%) | 23 |
| 01-10-2025 | 21.00 | 2(9.52%) | 23 |
| 30-09-2025 | 21.00 | 4(19.05%) | 25 |
| 29-09-2025 | 21.00 | 4(19.05%) | 25 |
| 28-09-2025 | 21.00 | 0(0.00%) | 21 |
| 27-09-2025 | 21.00 | 0(0.00%) | 21 |
| 26-09-2025 | 21.00 | 0(0.00%) | 21 |
| 25-09-2025 | 21.00 | 0(0.00%) | 21 |
Date08-10-2025
Price21.00
GMP0(0.00%)
Estimate List Price21
Date07-10-2025
Price21.00
GMP0(0.00%)
Estimate List Price21
Date06-10-2025
Price21.00
GMP0(0.00%)
Estimate List Price21
Date05-10-2025
Price21.00
GMP0(0.00%)
Estimate List Price21
Date04-10-2025
Price21.00
GMP0(0.00%)
Estimate List Price21
Date03-10-2025
Price21.00
GMP0(0.00%)
Estimate List Price21
Date02-10-2025
Price21.00
GMP2(9.52%)
Estimate List Price23
Date01-10-2025
Price21.00
GMP2(9.52%)
Estimate List Price23
Date30-09-2025
Price21.00
GMP4(19.05%)
Estimate List Price25
Date29-09-2025
Price21.00
GMP4(19.05%)
Estimate List Price25
Date28-09-2025
Price21.00
GMP0(0.00%)
Estimate List Price21
Date27-09-2025
Price21.00
GMP0(0.00%)
Estimate List Price21
Date26-09-2025
Price21.00
GMP0(0.00%)
Estimate List Price21
Date25-09-2025
Price21.00
GMP0(0.00%)
Estimate List Price21
IPO Important Dates
| IPO Open Date | Mon, Sep 29, 2025 |
| IPO Close Date | Fri, Oct 3, 2025 |
| Tentative Allotment | Mon, Oct 6, 2025 |
| Initiation of Refunds | Tue, Oct 7, 2025 |
| Credit of Shares to Demat | Tue, Oct 7, 2025 |
| Tentative Listing Date | Wed, Oct 8, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Oct 3, 2025 |
IPO Open Date
Mon, Sep 29, 2025
IPO Close Date
Fri, Oct 3, 2025
Tentative Allotment
Mon, Oct 6, 2025
Initiation of Refunds
Tue, Oct 7, 2025
Credit of Shares to Demat
Tue, Oct 7, 2025
Tentative Listing Date
Wed, Oct 8, 2025
Cut-off time for UPI mandate confirmation
5 PM on Fri, Oct 3, 2025
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 12,000 | ₹2,52,000 |
| Individual investors (Retail) (Max) | 2 | 12,000 | ₹2,52,000 |
| HNI (Min) | 3 | 18,000 | ₹3,78,000 |
ApplicationIndividual investors (Retail) (Min)
Lots2
Shares12,000
Amount₹2,52,000
ApplicationIndividual investors (Retail) (Max)
Lots2
Shares12,000
Amount₹2,52,000
ApplicationHNI (Min)
Lots3
Shares18,000
Amount₹3,78,000
Financial Information
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 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 and Surplus | 5.57 | 3.06 | 2.32 |
| Total Borrowing | 20.22 | 16.30 | 15.92 |
Period EndedPeriod Ended
31 Mar 202531 Mar 2025
31 Mar 202431 Mar 2024
31 Mar 202331 Mar 2023
Period EndedAssets
31 Mar 202540.58
31 Mar 202425.77
31 Mar 202322.71
Period EndedTotal Income
31 Mar 202559.80
31 Mar 202430.57
31 Mar 202333.03
Period EndedProfit After Tax
31 Mar 20256.02
31 Mar 20240.60
31 Mar 20230.42
Period EndedEBITDA
31 Mar 20259.76
31 Mar 20242.36
31 Mar 20231.69
Period EndedNET Worth
31 Mar 20259.57
31 Mar 20243.31
31 Mar 20232.57
Period EndedReserves and Surplus
31 Mar 20255.57
31 Mar 20243.06
31 Mar 20232.32
Period EndedTotal Borrowing
31 Mar 202520.22
31 Mar 202416.30
31 Mar 202315.92
Peers 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 |
| Polysil Irrigation Systems Limited | -1.63 | 20.03 | -112.15 | -8.15 | 9.10 |
Company NameChiraharit Limited
EPS (Basic)1.51
NAV (per share) (Rs)2.39
P/E (x)13.95
RoNW (%)62.91
P/BV Ratio10.50
Company NamePolysil Irrigation Systems Limited
EPS (Basic)-1.63
NAV (per share) (Rs)20.03
P/E (x)-112.15
RoNW (%)-8.15
P/BV Ratio9.10
IPO Reservation
| Market Maker Shares Offered | 7,44,000 (5.03%) |
| NII (HNI) Shares Offered | 70,26,000 (47.49%) |
| Retail Shares Offered | 70,26,000 (47.49%) |
| Total Shares Offered | 1,47,96,000 (100.00%) |
Market Maker Shares Offered
7,44,000 (5.03%)
NII (HNI) Shares Offered
70,26,000 (47.49%)
Retail Shares Offered
70,26,000 (47.49%)
Total Shares Offered
1,47,96,000 (100.00%)
Information about company
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 suppression in cement factories, and reliable water supply for residential housing projects.
In the renewable energy sector, the company focuses on constructing Compressed Bio-Gas (CBG) plants, providing turnkey execution for civil, mechanical, and pumping systems, ensuring seamless project delivery and supporting sustainable energy solutions.
Services:
Water: Solar Module Cleaning Systems, Irrigation Solutions for Agriculture and Landscape, Water Pipeline Solutions for Industrial and Residential Projects, HDPE, UPVC, CPVC, PVC, Sprinkler Pipes and Fittings.
Renewable Energy: Construction of Compressed Bio Gas Plants
Construction: Construction of Industrial and Residential Projects
Competitive Strengths:
Diversified Service Portfolio
Experienced Promoters and Directors with extensive domain knowledge
Robust Order Book: 51.38 crore as on August 31, 2025.
Strong Project Execution Capabilities
Strategic Partnerships Strengthening the Capabilities and Delivering Excellence
Commitment to Quality Assurance and Standards
Objectives of IPO
The Company Chiraharit IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
S.No.
Objects of the Issue
Expected Amount (₹ in crores)
1
Funding Capital Expenditure towards setting up HDPE Ball Valves and Fittings Manufacturing Unit
5.26
2
Repayment and/or pre-payment, in full or part, of certain borrowings
3.90
3
Working Capital Requirements
14.13
4
Issue Related Expenses
3.11
5
General Corporate Expenses
4.66
Disclaimer
All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions.
We are not a SEBI Registered analyst. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on Information published on this application.
No financial information whatsoever published anywhere, within this application, should be considered as advice to buy or sell securities or invest in IPOs, or as a guide to doing so in any way whatsoever
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