Data shown is for informational purposes only and does not constitute investment advice. TopFund is not SEBI-registered. Consult a SEBI-registered advisor before investing.
Chiraharit IPO
Price Band
₹
Issue Size
₹31.07 Cr
Lot Size
6,000 shares
Min Investment
₹252,000
2 LOTS MIN
GMP
—
Issue Price
₹21.0
Chiraharit IPO AI Summary
- Chiraharit IPO is listed on BSE SME in the Civil Construction sector.
- Subscription window: 29 Sep–03 Oct 2025, listing on 08 Oct 2025.
Chiraharit Limited is a civil construction company focused on sustainable solutions in water and renewable energy sectors. With a strong growth trajectory in revenue and profit, the company aims to utilize the IPO proceeds for expanding its manufacturing capabilities and managing debt.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Chiraharit IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 03 Oct 2025 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Chiraharit IPO Grey Market Premium (GMP) Today
GMP not available yet
Grey Market Premium is updated daily. Check back closer to the listing date.
About the 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
Company Financials (₹ Cr)
As of 2025-03-31
| 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 |
Key Ratios
EPS
₹1.51
NAV
₹2.39
ROE
62.91%
ROCE
32.29%
RoNW
62.91%
P/B Value
8.79
P/E Ratio
13.95
Market Cap
₹115.07 Cr
PAT Margin
10.10%
Debt/Equity
2.11
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic |
|---|---|---|---|---|
| Polysil Irrigation Systems Limited | 20.03 | -8.15% | -112.15 | -1.63 |
| Chiraharit Limited This IPO | 2.39 | 62.91% | 13.95 | 1.51 |
Promoters
Pavan Kumar Bang, Tejaswini Yarlagadda and Venkata Ramana Reddy Gaggenapalli
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 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
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹33.03 Cr in the period ending 31 Mar 2023, increasing to ₹30.57 Cr by 31 Mar 2024, and further rising to ₹59.80 Cr by 31 Mar 2025. This shows a significant growth in revenue over the periods.
Profit Trend
Profit After Tax was ₹0.42 Cr in the period ending 31 Mar 2023, increasing to ₹0.60 Cr by 31 Mar 2024, and further rising to ₹6.02 Cr by 31 Mar 2025. This indicates a strong upward trend in profitability.
Valuation
Chiraharit Limited has an implied P/E ratio of 13.95 at the issue price, compared to peers with a P/E range of -112.15 for Polysil Irrigation Systems Limited.
Grey Market Premium, Explained
The grey market refers to the unofficial trading of shares before they are listed on the stock exchange. It provides an indication of the demand for an IPO and can influence the listing price. However, trading in the grey market is not regulated, and investors should exercise caution.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment goals and risk tolerance. It's important to consider the company's fundamentals and market conditions.
Who May Want to Wait
Investors who prefer stable and established companies with consistent earnings may want to avoid this IPO, as it operates in a sector subject to project-based revenue fluctuations.
IPO Timeline, Explained
The IPO opens for subscription on September 29, 2025, and closes on October 3, 2025. Allotment of shares will be done by October 6, 2025, and the shares are expected to be listed on October 8, 2025.
Listing Gains — The Risk
Listing gains refer to the potential profit made when shares are sold on the first day of trading. However, there is no guarantee of listing gains, as market conditions can fluctuate widely. Investors should be aware of the risks associated with short-term trading.
This evaluation is generated from Chiraharit's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
When does Chiraharit IPO open and close?
Chiraharit IPO opens on 29 September 2025 and closes on 03 October 2025.
When does Chiraharit IPO list on the stock exchange?
Chiraharit IPO listed on 08 October 2025 at ₹21.0.
What is the lot size for Chiraharit IPO?
The lot size for Chiraharit IPO is 6000 shares, requiring a minimum investment of ₹252,000 (2 lots).
What is the lot size for Chiraharit Limited's IPO?
The lot size is 6000 shares.
What is the minimum investment required?
The minimum investment required is ₹2,52,000.
What is the issue price of the IPO?
The issue price is ₹21.0 per share.
When does the IPO open and close?
The IPO opens on September 29, 2025, and closes on October 3, 2025.
When will the shares be listed?
The shares are expected to be listed on October 8, 2025.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
29 Sep 2025
Close
03 Oct 2025
Allotment
06 Oct 2025
Listing
08 Oct 2025
Similar IPOs in Civil Construction
Plan Your IPO Investment
Related Articles
Community Sentiment
What are other investors planning for Chiraharit?
No votes yet — be the first to share your view.
Sign in to voteDiscussion
User-generated content — not investment advice, and not verified or endorsed by TopFund.
No comments yet — start the discussion.