Chiraharit SME IPO Set to Open on September 29 at ₹21 Per Share

1 min read Updated on 29 Sept 2025, 08:02 AM

Reviewed by

Shraddha JScanX News Team

Overview

Chiraharit, a water and renewable energy solutions company, is set to launch its SME IPO on September 29. The IPO is priced at ₹21 per share, offering 1.48 crore equity shares. The subscription period runs from September 29 to October 3, with listing scheduled for October 8 on the BSE SME platform. The company reported a 96% increase in revenue to ₹59.80 crore and a 898% surge in profit after tax to ₹6.02 crore. IPO proceeds will fund an HDPE manufacturing unit, debt repayment, working capital, and corporate purposes. The current grey market premium stands at 0%.

*this image is generated using AI for illustrative purposes only.

Chiraharit, a company specializing in water and renewable energy solutions, is gearing up to launch its Small and Medium Enterprise (SME) Initial Public Offering (IPO) on September 29. The IPO is priced at ₹21 per share and aims to raise funds through a fresh issue of 1.48 crore equity shares.

IPO Details

Subscription Period: September 29 to October 3
Listing Date: October 8 on BSE SME platform
Lot Size: 6,000 shares
Minimum Investment: ₹1.26 lakh for retail applications

Company Overview

Chiraharit, incorporated in 2006, offers solutions in the water and renewable energy sectors. Their product portfolio includes:

Solar module cleaning systems
Agricultural irrigation solutions
Turnkey execution of Compressed Bio-Gas plants

Financial Performance

The company has reported robust financial growth:

Revenue: Increased by 96.00% to ₹59.80 crore
Profit After Tax: Surged by 898.00% to ₹6.02 crore
Order Book: ₹51.38 crore as of August

IPO Proceeds Utilization

The funds raised from the IPO will be allocated towards:

Setting up an HDPE manufacturing unit
Repayment of debt
Working capital requirements
General corporate purposes

Market Sentiment

The grey market premium for Chiraharit's IPO currently stands at 0.00%, indicating a cautious sentiment among investors.

Conclusion

Chiraharit's IPO presents an opportunity for investors interested in the water and renewable energy sectors. With its strong financial performance and a substantial order book, the company aims to capitalize on the growing demand for sustainable solutions. However, the neutral grey market premium suggests that investors are approaching the IPO with caution.

Potential investors should carefully review the company's prospectus and consider their risk appetite before making an investment decision.