Chiraharit Limited
Fixed Price IPO · BSE
- Price band
- ₹21 - ₹21
- Lot size
- 6,000 shares
- Issue amount
- ₹31.07 cr
- Total subscription
- 1.94×
- Opens
- 29 Sept 2025
- Closes
- 3 Oct 2025
- Allotment
- 6 Oct 2025
- Listing
- 8 Oct 2025
Offer at a glance
Issue overview
- Issue size
- 1,47,96,000 shares
- Face value
- ₹1 Per Share
- Minimum investment
- ₹1,26,000
- Fresh issue
- ₹31.07 cr
- Offer for sale
- ₹0 cr
- Registrar
- Bigshare Services Private Limited
- Listing exchange
- BSE
- Maximum investment
- ₹1,26,000
- Issue type
- Fixed Price IPO
- Shares before issue
- 4,00,00,000
- Shares after issue
- 5,47,96,000
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 2 | 12,000 | ₹2,52,000 |
| sHNI | 3 | 18,000 | ₹3,78,000 |
Share reservation
Subscription & GMP
Subscription by category
Reported 3 Oct 2025
GMP history
Day-wise demand
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| NIB | 0 | 130 |
| RETAIL | 586 | 1,776 |
| HNIs (2-10L) | 390 | 126 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| RETAIL | 14.75 | 44.76 |
| NIB | 14.75 | 12.4 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| EPS | 1.51 | 2.41 | 1.68 |
| ROE | 0 | 0 | 0 |
| ROCE | 0 | 0 | 0 |
| RONW | 62.91 | 18.2 | 16.35 |
| PRE IPO(PE) | 13.95 | 0 | 0 |
| POST IPO(PE) | 19.11 | 0 | 0 |
Values and labels as reported in the issue data.
Peer comparison
| Company | P/E(X) | CMP* (₹) | Face value (₹) | NAV/Share (₹) | RONW(%) | EPS (Basic) (₹) |
|---|---|---|---|---|---|---|
| Chiraharit Limited | 13.95 | NA | 1.00 | 2.39 | 62.91 | 1.51 |
| Polysil Irrigation Systems Limited | -112.15 | 182.8 | 10.00 | 20.03 | -8.15 | -1.63 |
Company information
Company profile
Chiraharit Limited, incorporated in 2006, provides innovative and sustainable solutions across water, renewable energy, and construction sectors. The company specializes in turnkey EPC projects, delivering customized solutions for optimal performance. In the water sector, it offers services like solar module cleaning systems, agricultural and landscape irrigation, industrial and residential water pipelines, and various types of pipes and fittings. In renewable energy, it focuses on building Compressed Bio-Gas (CBG) plants with complete civil, mechanical, and pumping systems. The company also undertakes construction projects for both industrial and residential developments.
Strengths
- Wide Range of Services: Operating in water, renewable energy, and construction reduces dependence on a single sector.
- Experienced Leadership: Strong promoters with proven expertise drive effective execution.
- Robust Order Book: Secured orders worth ₹51.38 crore offer revenue visibility and business stability.
Risk factors
- Ongoing Legal Cases: Current litigations involving the company, promoters, and group entities could impact operations if outcomes are unfavorable.
- Reliance on Few Customers: High revenue concentration makes the business vulnerable to order cancellations or delays.
- Competitive, Tender-Based EPC Model: Dependence on bids and qualification criteria means losing or terminating projects can affect growth and profitability.
Promoters
Mr. Pavan Kumar Bang
Mrs. Tejaswini Yarlagadda
Mr. Venkata Ramana Reddy Gaggenapalli
Registrar & documents
Lead manager
Finshore Management Services Limited
Registrar & contacts
Bigshare Services Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Malaxmi Courtyard, Survey No. 157, Khajaguda Village, Chitrapuri Colony Post, Hyderabad, Telangana, 500104
+91 7738561210
[email protected]Company website ↗Understanding CHIRAHARIT IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.