Chiraharit Limited is an EPC company focused on delivering innovative, sustainable, and quality-driven solutions in water management, renewable energy, and construction. With expertise in turnkey projects, the company designs and executes systems that address project-specific challenges while ensuring long-term efficiency.
In the water sector, Chiraharit provides clean and reliable solutions such as solar module cleaning systems, agricultural and landscape irrigation, dust suppression in industries, and residential as well as industrial water supply pipelines. It also supplies HDPE, UPVC, CPVC, PVC, and sprinkler pipes with fittings to support these projects.
In the renewable energy space, the company is engaged in the construction of Compressed Bio-Gas (CBG) plants, offering end-to-end execution covering civil, mechanical, and pumping systems to promote sustainable energy.
Additionally, Chiraharit undertakes select industrial and residential construction projects, reinforcing its capabilities as a complete EPC service provider.
Chiraharit IPO – Details
| IPO Opening Date | 29 September 2025 |
| IPO Closing Date | 03 October 2025 |
| Issue Type | Fixed Price IPO |
| Issue Size | Total Issue: 1,47,96,000 Shares Worth ₹31.07 Crore Fresh Issue: 1,47,96,000 Shares Worth ₹31.07 Crore |
| Face Value | ₹1 per equity share |
| IPO Price | ₹21 per share |
| Market Lot | 6,000 Shares |
| Min Order | 6,000 Shares [ 1 Lot ] |
| Listing At | BSE SME |
| Registrar | Bigshare Services Pvt.Ltd. |
| NII Shares Offered | 50% |
| Retail Shares Offered | 50% |
Chiraharit IPO – Date Schedule
| IPO Open Date | 29 September 2025 |
| IPO Close Date | 03 October 2025 |
| Basis of Allotment | 06 October 2025 |
| Initiation of Refund | 07 October 2025 |
| Credit of Shares to Demat | 07 October 2025 |
| IPO Listing Date | 08 October 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on October 03, 2025 |
Chiraharit IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 12,000 | ₹2,52,000 |
| Retail (Max) | 2 | 12,000 | ₹2,52,000 |
| HNI (Min) | 3 | 18,000 | ₹3,78,000 |
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.
Company Promoters
- Mr. Pavan Kumar Bang
- Mrs. Tejaswini Yarlagadda
- Mr. Venkata Ramana Reddy Gaggenapalli
Company Financials
| Period | Total Revenue | Total Expense | Profit After Tax | Total Borrowings |
|---|---|---|---|---|
| 31 March 2023 | ₹33.03 Cr | ₹31.20 Cr | ₹0.42 Cr | ₹15.92 Cr |
| 31 March 2024 | ₹30.57 Cr | ₹28.21 Cr | ₹0.60 Cr | ₹16.30 Cr |
| 31 March 2025 | ₹59.80 Cr | ₹49.87 Cr | ₹6.02 Cr | ₹20.22 Cr |
Key Performance Indicator
| KPI | Values |
|---|---|
| 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 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 1.51 | 1.10 |
| P/E (x) | 13.95 | 19.11 |
Object Of The Issue
| Objects of the Issue | Expected Amount (in Crore) |
|---|---|
| Funding Capital Expenditure towards setting up HDPE Ball Valves and Fittings Manufacturing Unit. | ₹5.26 Cr |
| Repayment and/or pre-payment, in full or part, of certain borrowings. | ₹3.90 Cr |
| Working Capital Requirements. | ₹14.13 Cr |
| Issue Related Expenses. | ₹3.11 Cr |
| General Corporate Purposes. | ₹4.66 Cr |
✅Strengths
- Recurring commission income from AMCs.
- Strong presence in Rajasthan & Tier-II/III cities.
- Hybrid offline–online distribution model.
- Trusted client & AMC network.
- Supported by growing mutual fund industry.
⚠️Risks
- Revenue linked to market performance.
- Regulatory changes may impact margins.
- Intense competition from digital platforms.
- Heavy regional dependence (Jaipur focus).
- Reputation & talent retention risks.
Chiraharit IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 73.00% |
Chiraharit IPO Prospectus
Company Contact Information
| Chiraharit Ltd. 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 IPO Registrar
| Bigshare Services Pvt.Ltd. Phone: +91-22-6263 8200 Email: ipo@bigshareonline.com Website: https://ipo.bigshareonline.com/IPO_Status.html |
Chiraharit IPO Lead Manager(s)
| 1. Finshore Management Services Ltd. |
Chiraharit IPO FAQ
| What is Chiraharit IPO? Chiraharit IPO is an SME IPO. The issue is priced at ₹21 per equity share. The IPO is to be listed on BSE SME. |
| When Chiraharit IPO will open? The IPO is to open on 29 September 2025 for NII and Retail Investors. |
| What is Chiraharit IPO Investors Portion? The investors’ portion for NII – 50% and Retail – 50%. |
| What is the Chiraharit IPO Size? Chiraharit IPO size is ₹31.07 Crore. |
| What is Chiraharit IPO Minimum and Maximum Lot Size for Retail? The minimum bid is 12,000 Shares with ₹2,52,000 amount, while the maximum bid is 12,000 Shares with ₹2,52,000. |
| What is the Chiraharit IPO Allotment Date? Chiraharit IPO allotment date is 06 October 2025. |
| What is the Chiraharit IPO Listing Date? Chiraharit IPO listing date is 08 October 2025. The IPO is to be listed on the BSE SME. |
