Chiraharit IPO
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Chiraharit IPO details
Schedule of Chiraharit
| Issue open date | 29 Sep 2025 |
| Issue close date | 03 Oct 2025 |
| UPI mandate deadline | 03 Oct 2025 (5 PM) |
| Allotment finalization | 06 Oct 2025 |
| Refund initiation | 07 Oct 2025 |
| Share credit | 07 Oct 2025 |
| Listing date | 08 Oct 2025 |
| Mandate end date | 18 Oct 2025 |
| Lock-in end date for anchor investors (50%) | 04 Nov 2025 |
| Lock-in end date for anchor investors (remaining) | 03 Jan 2026 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Chiraharit
Chiraharit Limited, part of the Malaxmi Group, delivers turnkey EPC solutions in water and renewable energy. It specializes in efficient water transportation for irrigation, drinking supply, solar cleaning, and industrial use, while also building Compressed Bio-Gas plants. The company combines technology and engineering to provide sustainable, reliable, and customised projects across sectors, reflecting its “Always Green” vision.
Financials of Chiraharit
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹31.07 crores |
| Fresh Issue | ₹31.07 crores |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Funding Capital Expenditure | 5.26 (16.94%) |
| Repayment and/or pre-payment, in full or part, of certain borrowings | 3.90 (12.56%) |
| Working Capital Requirements | 14.13 (45.48%) |
| Issue Related Expenses | 3.11 (10.01%) |
| ssue Related Expenses | 4.66 (15.01%) |
Strengths
- Diversified services across water and renewable energy EPC projects.
- Strong order book supporting sustained growth.
- Proven execution capabilities in large and complex projects.
- Commitment to high quality and industry standards.
- Experienced promoters with deep domain expertise.
Risks
- Ongoing legal proceedings involving the company, directors, and group entities.
- EPC projects rely on pre-qualification and competitive bidding; delays or cancellations hurt revenue.
- Heavy dependence on the Indian domestic market for revenue.
- Revenue is concentrated among a few customers; cancellations or delays may impact operations.
- Exposure to unsecured loans, which can be recalled at any time.
Allotment Status for Chiraharit
To check your allotment status – click here.
Subscription Figures for Chiraharit
As per media reports (Link), the Grey Market Premium (GMP) of Chiraharit is reported at ₹0 over the IPO price. This metric is not reliable, and to track IPO interest, it is better to check subscription numbers published by exchanges, which are considered more reliable indicators.
Subscription numbers as of 5:00 PM on October 03, 2025:
| Category | Reserved (lakhs) | Applied (lakhs) | Subscription (X times) |
|---|---|---|---|
| NII | 70.26 | 59.04 | 0.84x |
| Retail | 70.26 | 213.12 | 3.03x |
| Total | 140.52 | 272.16 | 1.93x |