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Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the Chiraharit Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
Key metrics and details at a glance.
Price Band
₹21
Per ShareLot Size
6000 Shares
Minimum Investment
₹1,26,000
Issue Size
₹31.07 Cr
Face Value
₹1
Per ShareIPO Type
Fixed Price - SME
Retail Quota
50%
QIB Quota
0%
NII Quota
50%
Important dates for your applying strategy.
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
100%
Promoter Holding (Post-Issue)
73%
Issue Type
Fixed Price - SME
ISIN
INE12P101018
Incorporated in the year 2006, Chiraharit Limited is engaged into turnkey EPC (Engineering, Procurement and Construction) projects focusing on two broad segment viz Water-based and Renewable Energy-based. In the Water sector, our focus is on the efficient and reliable movement of piped water in pressurized applications. Our expertise in water movement extends across diverse sub-sectors, including Solar Module Cleaning Systems, Irrigation Solutions for Agriculture and Landscape, Water Pipeline Solutions for Industrial and Residential Projects and supply of HDPE, UPVC, CPVC, PVC Pipes and Fittings etc. In addition to this, we also undertake construction of Compressed Bio-Gas plants (CBG) and construction of Industrial and Residential Projects.
Solar Panel Cleaning Market Size was valued at USD 0.8 Billion in 2022. The Solar Panel Cleaning market industry is projected to grow from USD 0.85 Billion in 2023 to USD 1.47 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 7.00% during the forecast period (2024 - 2032). Growing demand for solar panels and cost-effective maintenance are the primary drivers propelling the market's expansion.
Revenue, profit after tax and total assets across the last 3 reported financial years.
Amount in ₹ crore
How the company plans to utilize IPO proceeds.
The funds raised through this IPO will be used for:
Initial public offer of up to 1,47,96,000 equity shares of face value of Re. 1/- each ("Equity Shares") of Chiraharit Limited (the "Company" or the "Issuer") for cash at a price of Rs. 21/- per equity share, including a share premium of Rs. 20/- per equity share (the "Issue Price"), aggregating to Rs. 31.07 crores ("the Issue"), of which 7,44,000 equity shares of face value of Re. 1/- each for cash at a price of Rs. 21/- per equity share, aggregating to Rs. 1.56 crores will be reserved for subscriptions by the market maker to the issue (the "Market Maker Reservation Portion"). The issue less market maker reservation portion i.e. issue of 1,40,52,000 equity shares of face value of Re. 1/- each for cash at a price of Rs. 21/- per equity share, aggregating to Rs. 29.51 crores is here in after referred to as the "Net Issue". The issue and the net issue will constitute 27.00 % and 25.64 % respectively of the post issue paid-up equity share capital of the company. Price Band: Rs. 21/- for equity share of face value of Rs.1 each. The floor price is 21 times times the face value of the face value of the equity shares. Bids can made for a minimum of 12,000 equity shares and in multiples of 6,000 equity shares thereafter.
*Subject to approvals and market conditions.
Key competitive advantages and factors to consider before investing.
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Our company was originally incorporated as a Private Limited Company under the name and style of "Brahmani Ventures Private Limited" in accordance with the Companies Act, 1956 pursuant to a Certificate of Incorporation issued by Registrar of Companies, Andhra Pradesh on August 04, 2006 with the corporate identification number (CIN) being U45101AP2006PTC050818. Later, the name of the Company has been changed to "Chiraharit Agro Farms Private Limited" in accordance with the Companies Act, 2013 pursuant to a Certificate of Incorporation issued by Registrar of Companies, Hyderabad, Telangana on September 18, 2015 with the corporate identification number (CIN) being U01403TG2006PTC050818. Further, the name of the Company was once again changed to "Chiraharit Private Limited" in accordance with the Companies Act, 2013 pursuant to a Certificate of Incorporation issued by Registrar of Companies, Hyderabad, Telangana on May 30, 2016 with the corporate identification number (CIN) being U29100TG2006PTC050818. Subsequently, our company was converted into Public Limited Company under the Companies Act, 2013 and the name of our Company was changed to "Chiraharit Limited" vide a fresh Certificate of Incorporation consequent upon conversion from Private Company to Public Company dated December 02, 2024, bearing Corporate Identification Number U29100TG2006PLC050818, issued by Central Processing Centre.
Wholesaler and Retailer
Amount in ₹ crore
Amount in ₹ crore
Figures in ₹ crore, on a consolidated basis, as reported for FY24 to FY26.