Chiraharit IPO description – Chiraharit, a part of the diversified MALAXMI Group, specializes in turnkey EPC (Engineering, Procurement, and Construction) projects across two primary domains: water-based systems and renewable energy. The company excels in the design, procurement, and execution of pressurized water movement systems, delivering end-to-end solutions for piped irrigation, industrial water supply, drinking water networks, solar module cleaning, and landscape irrigation.
Chiraharit’s integrated capabilities include pumping systems, pipelines, storage, water treatment, and distribution, enabling precise and reliable water delivery from source to end user. The company’s renewable energy segment focuses on the construction of Compressed Bio-Gas (CBG) plants, offering turnkey execution of all civil, mechanical, and pumping infrastructure. This strategic diversification aligns with its commitment to sustainable energy and environmental responsibility.
Chiraharit operates under the established MALAXMI brand and is transitioning toward its independent identity, CHIRAMAX, to reflect its unique technical expertise. It also owns Malaxmi Polymers, founded in 2020, which manufactures IS 4984:2016-compliant HDPE pipes for water management. As of 31 August 2025, the company employs 91 staff, underscoring its growing operational scale.
Promoters of Chiraharit – Mr. Pavan Kumar Bang, Mrs. Tejaswini Yarlagadda and Mr. Venkata Ramana Reddy Gaggenapalli
Table of Contents
Chiraharit IPO Details
| Chiraharit IPO Dates | 29 September – 3 October 2025 |
| Chiraharit Issue Price | INR 21 per share |
| Fresh Issue | 1,47,96,000 shares (INR 31.07 crore) |
| Offer For Sale | Nil |
| Total IPO Size | 1,47,96,000 shares (INR 31.07 crore) |
| Minimum Bid | 12,000 shares (INR 2,52,000) |
| Lot Size | 6,000 shares (INR 1,26,000) |
| Face Value | INR 1 per share |
| Individual Allocation | 50% |
| Listing On | BSE SME |
Chiraharit Financial Performance
| FY 2023 | FY 2024 | FY 2025 | |
| Revenue | 18.31 | 22.86 | 41.35 |
| Expenses | 31.20 | 28.21 | 49.87 |
| Net income | 0.42 | 0.60 | 6.02 |
Chiraharit Offer News
- Chiraharit RHP
- Chiraharit Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- Highest SME IPO Subscription in 2025
Chiraharit Valuations & Margins
| FY 2023 | FY 2024 | FY 2025 | |
| EPS | 0.11 | 0.15 | 1.51 |
| PE ratio | – | – | 31.71 |
| RONW (%) | 16.35 | 18.20 | 62.91 |
| NAV | 0.64 | 0.83 | 2.39 |
| ROCE (%) | 8.58 | 10.50 | 32.29 |
| EBITDA (%) | 5.13 | 7.71 | 16.36 |
| Debt/Equity | 6.19 | 4.92 | 2.11 |
Chiraharit IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| Coming soon | – | – | – |
Chiraharit IPO Subscription – Live Updates
| Category | Non-Individual | Individual | Total |
|---|---|---|---|
| Shares Offered | 70,26,000 | 70,26,000 | 1,40,52,000 |
| 3 Oct 2025 | 0.84 | 3.03 | 1.94 |
| 1 Oct 2025 | 0.34 | 1.31 | 0.83 |
| 30 Sep 2025 | 0.16 | 0.34 | 0.25 |
| 29 Sep 2025 | 0.12 | 0.07 | 0.10 |
The market maker reservation portion of 7,44,000 shares is not included in the above calculations.
Chiraharit IPO Allotment Status
Chiraharit IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.
Chiraharit IPO Dates & Listing Performance
| IPO Opening Date | 29 September 2025 |
| IPO Closing Date | 3 October 2025 |
| Finalization of Basis of Allotment | 6 October 2025 |
| Initiation of refunds | 7 October 2025 |
| Transfer of shares to demat accounts | 7 October 2025 |
| IPO Listing Date | 8 October 2025 |
| Opening Price on BSE SME | INR 16.8 per share (down 20%) |
| Closing Price on BSE SME | INR 15.96 per share (down 24%) |
Chiraharit Offer Lead Manager
FINSHORE MANAGEMENT SERVICES LIMITED
Anandlok Building, Block-A, 2nd Floor, Room No. 207, 227
A.J.C Bose Road, Kolkata-700020, West Bengal, India
Phone: 033 – 2289 5101 / 4603 2561
Email: [email protected]
Website: www.finshoregroup.com
Chiraharit Offer Registrar
BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Pinnacle Business Park,
Mahakali Caves Road, next to Ahura Centre,
Andheri East, Mumbai- 400093, Maharashtra
Phone: +91 22 6263 8200
Email: [email protected]
Website: www.bigshareonline.com
Chiraharit Contact Details
CHIRAHARIT LIMITED
Malaxmi Courtyard, Survey No. 157, Khajaguda Village,
Chitrapuri Colony Post, Hyderabad, Telangana, India, 500104
Phone: +91 7738561210
E-mail: [email protected]
Website: www.chiraharit.com
IPO FAQs
What is the Chiraharit offer size?
Chiraharit offer size is INR 31.07 crores.
What is the Chiraharit offer price band?
Chiraharit public offer price is INR 21 per share.
What is the lot size of the Chiraharit IPO?
Chiraharit offer lot size is 6,000 shares.
What is Chiraharit IPO GMP today?
Chiraharit IPO GMP today is INR NA per share.
What is the Chiraharit kostak rate today?
Chiraharit kostak rate today is INR NA per application.
What is the Chiraharit IPO Subject to Sauda rate today?
Chiraharit Subject to Sauda rate today is INR NA per application.