Chiraharit Ltd IPO
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Chiraharit Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 147.96 L | TBA | TBA | ₹ 400 L | DBC | TBA |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 29 Sep, 25 | 03 Oct, 25 | 12000 | ₹ 2,52,000 | Fixed Price - SME | 08 Oct, 25 |
Chiraharit Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Plastics Products |
| Sub Sector | NA |
| Issue Type | Fixed Price - SME |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 0x | 0 | 0 |
| NII | 0x | 0 | 0 |
| Retail | 0x | 0 | 0 |
| Employee | 0x | 0 | 0 |
| Total | 0x | 14796000 | 0 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Chiraharit Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 24.43 | 0.37 | TBA |
| EBITDA | 1.41 | 0.48 | TBA |
| PAT | 0.90 | 0.19 | TBA |
| Total Assets | 9.66 | 8.11 | TBA |
| Share Capital | 0.25 | 0.25 | TBA |
| Total Borrowings | 6.58 | 5.88 | TBA |
| Operating Activities (Net Cash) | 0.99 | 0.30 | TBA |
| Investing Activities (Net Cash) | -1.08 | -0.69 | TBA |
| Financing Activities (Net Cash) | 6.58 | 5.88 | TBA |
| Net Cashflow | 0.04 | 0.11 | TBA |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
About Chiraharit Ltd
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.
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.
Incorporated in the year 2006, Chiraharit Limited is engaged into turnkey EPC (Engineering, Procurement and Construction) projects focusing on three broad segment viz Water-based, Renewable Energy-based and Civil Projects. 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.
Peer Comparison:
- Polysil Irrigation Systems Ltd
Chiraharit Ltd IPO Key Points
Strengths
- Established and proven track record.
- Leveraging the experience of our Promoters.
- Experienced management team and a motivated and efficient work force.
- Cordial relations with our customers.
- Quality Assurance & Control.
Risk
- Our Company, Directors, Promoters and Group Companies are parties to certain legal proceedings. Any adverse decision in such proceedings may have a material adverse effect on our business, results of operations and financial condition.
- EPC projects are typically awarded to us on satisfaction of prescribed pre-qualification criteria and following a competitive bidding process. Our business and our financial condition may be adversely affected if new projects are not awarded to us or if contracts awarded to us are prematurely terminated.
- Dependency on Indian Domestic Market for Revenue.
Strategy
- Strategic Expansion by Embracing Backward Integration for Sustainable Growth.
- Expanding Horizons by Strengthening Domestic Presence and Entering International Markets.
- Enhance attractiveness through quality execution, cost reduction and continuous training of manpower.
- Investing in Automation Technology.
- Overcoming Regulatory and Market Challenges Strategy by Prioritizing Private Sector Opportunities.
- Established and proven track record.
- Leveraging the experience of our Promoters.
- Experienced management team and a motivated and efficient work force.
- Cordial relations with our customers.
- Quality Assurance & Control.
How To Apply for Chiraharit Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
From the list of open IPOs, select the IPO you want to invest.
Step 3:
Go through the IPO details like lot size, price band, about the company, etc.
Step 4:
Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.
Step 5:
Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.
