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Chiraharit IPO
1.93xsubscribed

Chiraharit IPO

Engineering
listed
₹2.52LMin. investment

Chiraharit Limited IPO Details

SectorEngineering
Price range₹21.00 – ₹21.00
IPO type
SME
Lot size6000 shares
Issue size₹31Cr
Red Herring Prospectus
Read
Market cap
₹115.07CrLower than sector avg
RevenueApr 2024 - Mar 2025
₹59.62CrLower than sector avg
Growth rate3Y CAGR
34.66%Higher than sector avg

Chiraharit IPO Subscription Status

Date
QIB
NII
Retail
Total
29-Sep-25
0.0 times (X)
0.02 times (X)
0.07 times (X)
0.1 times (X)
30-Sep-25
0.0X
0.06X
0.34X
0.25X
01-Oct-25
0.0X
0.23X
1.31X
0.83X
02-Oct-25
0.0X
0.23X
1.31X
0.83X
03-Oct-25
0.0X
0.66X
3.02X
1.93X

As on 29-Sep-25, 5:30 PM

Chiraharit IPO Timeline

  1. Pre-apply
    26 Sep 2025
  2. Bid start
    29 Sep 2025
  3. Bid end
    3 Oct 2025
  4. Allotment
    6 Oct 2025
  5. Release of funds
    7 Oct 2025
  6. Demat transfer
    7 Oct 2025
  7. Listing
    8 Oct 2025

About Chiraharit Limited

Hyderabad-based Chiraharit Limited is an engineering, procurement and construction (EPC) organisation, specialising in turnkey projects focusing on two broad segments: water-based, which focus on piped irrigation, drinking water supply projects and Renewable Energy, which focus on the construction of compressed bio-gas (CBG) plants. The company had an order book of over ₹51.38 crore as of August 2025. In FY25, solar cleaning systems (50.85%), water pipelines (14.90%), HDPE fittings (14.12%), bio-gas plants (11.47%), civil projects (4.84%), and irrigation (3.81%) contributed to the revenue, with 99.46% of revenue coming from private clients. Major markets included Gujarat (29.61%), Telangana (18.89%), Maharashtra (14.74%), and Rajasthan (13.59%).

Checklist

Quality analysis
Revenue growth
Company valuation
Earnings expansion
Risk analysis
Debt to Equity ratio
Promoter holdings
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Objectives of Chiraharit Limited IPO

Working capital
45.48%
The company will utilise ₹14.13 crore for funding working capital requirements.
General corporate purposes
25.05%
Part of the IPO proceeds will be used for general corporate purposes.
Capital expenditure
16.92%
The company will use ₹5.26 crore to set up an HDPE ball valves and fittings manufacturing unit.
Repayment of loan
12.55%
The company will use ₹3.90 crore to repay certain outstanding borrowings.

Compare

CompanyRevenue*3Y growthPATMarket capP/E ratioD/E ratio
This IPO₹59.62Cr34.66%₹6.02Cr₹115.07Cr13.912.11
This sector (avg.)₹342.41Cr0.01%₹38.53Cr₹1,862.48Cr31.540.53
₹10,670.1Cr---₹1,263.5Cr₹39,460.23Cr31.400.10
₹2,217.81Cr---₹423.66Cr₹10,977.95Cr26.730
₹3,087.59Cr---₹471.9Cr₹9,693.55Cr18.040.01

*Revenue for financial year 2024-25. Lower P/E and D/E ratios are generally preferred.

Chiraharit IPO Contact Details

Company NameChiraharit Limited

How to apply for Chiraharit IPO?

  1. Step 1

    Log in to your Upstox account to access IPO investments. Next, select the current IPO section.

  2. Step 2

    Specify IPO details. Enter the number of lots and the price you wish to apply for.

  3. Step 3

    Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.

  4. Step 4

    Mandate Notification. Your UPI app will receive a mandate notification to block funds.

  5. Step 5

    Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.

Chiraharit Limited IPO FAQs