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Chiraharit IPO
Chiraharit IPO is a fixed price issue of INR 31.07 crores. The issue consists entirely of a fresh issue totaling 1.48 crore shares. The price per share is INR 21. Lot size for an application is INR 6,000. The minimum investment required by an individual investor is INR 2,52,000 (12,000 shares). IPO bidding opened on Sep 29, 2025 and closed on October 3, 2025. The IPO will be listed on the BSE SME with the tentative listing date on Oct 8, 2025.
Company Background
Chiraharit Ltd. was incorporated in 2006 and is a part of the Malaxmi Group, based in Hyderabad. The company specializes in engineering, procurement and construction (EPC) projects, with a focus on water-based and renewable energy sectors. Chiraharit's mission is to deliver sustainable solutions that fulfill client requirements while promoting a clean and green environment. The Malaxmi group’s philosophy centers on the holistic integration of mind, body and soul to achieve these goals.
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Chiraharit IPO GMP
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Chiraharit IPO Details
| Detail | Description |
|---|---|
| IPO Date | September 29, 2025 to October 3, 2025 |
| Listing Date | [.] |
| Face Value | ₹1 per share |
| Issue Price Band | ₹21 per share |
| Lot Size | 6,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 1,47,96,000 shares |
| Reserved for Market Maker | 7,44,000 shares |
| Fresh Issue(Ex Market Maker) | 1,40,52,000 shares |
| 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 |
Chiraharit IPO Timeline
| Detail | Description |
|---|---|
| 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 |
Chiraharit 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 |
Chiraharit IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| Promoter Holding Pre Issue | 100.00% |
| Promoter Holding Post Issue | 73% |
Competitive Strength:
- • The management and technical teams are experienced. They offer strong project execution and deliver good results efficiently.
- • Long-standing relationships with suppliers, subcontractors and technology providers.
Chiraharit IPO Financial Information
| Period Ended | Assets | Total Income | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing | ||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 31 Mar 2025 | 40.58 | 59.80 | 6.02 | 9.57 | - | 20.22 | ||||||||||||||||||||||||||||||||||
| 31 Mar 2024 | 25.77 | 30.57 | 0.60 | 3.31 | - | 16.30 | ||||||||||||||||||||||||||||||||||
| 31 Mar 2023 | 22.71 | 33.03 | 0.42 | 2.57 | - | 15.92 | ||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
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 (Rs) | 1.51 | 1.10 |
| P/E (x) | 13.95 | 19.11 |
Conclusion
Chiraharit IPO offers a chance to invest in a growing company that is consistent in revenue growth and profitability. The company’s major focus is on operational efficiency and securing a strong order book and expansion across more cities. The aim of Chiraharit is fundraising, market expansion, enhancing working capital, and offering diversified services. The IPO proceeds will be utilized for capital expenditure, working capital requirements and general corporate purposes. They emphasize accountability and trust with both investors and clients.
DRHP:
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