Chiraharit Limited IPO
Chiraharit Limited ensuring the seamless flow of water to foster life and vegetation. By integrating advanced technology, we enable efficient water utilization, contributing to the resilience of communities and industries.
Business Segments
Chiraharit specializes in turnkey EPC (Engineering, Procurement, and Construction) projects in two broad segments: Water-based and Renewable Energy-based. We offer solutions tailored to meet the unique challenges of each project, ensuring performance and sustainability.
1. Water-based Segment: specialize in the efficient movement of water in pressurized applications for agricultural irrigation, drinking water supply, industrial use, and landscape irrigation. Key projects include providing efficient water for solar cleaning, cement factories, housing, and agriculture.
2. Renewable Energy-based Segment: focus on constructing Compressed Bio-Gas (CBG) plants, offering turnkey execution of all civil, mechanical, and pumping systems. This segment highlights our commitment to sustainable energy solutions.
Core Business Model: Water Pumping & Distribution
Chiraharit ensures the efficient transfer of water, from extraction to end-users. Our business model integrates various components to ensure the smooth transportation and distribution of water, such as: Pumping Systems (Efficient extraction and transport of water from diverse sources), Measurement & Control (Use of advanced devices for monitoring and controlling water flow), Water Storage & Treatment (Customized storage and treatment solutions, including filtration, disinfection, and reverse osmosis) and Distribution Systems.
Solar Module Cleaning System (MCS)
Chiraharit provides advanced water-based solar module cleaning systems (MCS), designed to maintain the efficiency of solar panels. Our systems maximize energy yield by removing dust and dirt accumulation on solar panels, thus extending their lifespan and reducing operational costs. Our solutions are critical in ensuring solar plants operate at peak efficiency, contributing to a more sustainable energy future.
MALAXMI Group
Chiraharit is part of the MALAXMI Group, which has diversified interests in water management, alternative fuels, property development, and infrastructure. While operating under the MALAXMI logo, we are establishing our independent identity under the CHIRAMAX brand.
Objects of the Chiraharit Limited IPO:
Chiraharit Limited IPO Details:
| Open Date: | Sep 29 2025 |
| Close Date: | Oct 03 2025 |
| Total Shares: | 1,47,96,000 |
| Face Value: | ₹ 1 Per Equity Share |
| Issue Type: | Fixed Price |
| Issue Size: | 31.07 Cr. |
| Lot Size: | 6000 Shares |
| Issue Price: | ₹ 21 Per Equity Share |
| Listing At: | BSE SME |
| Listing Date: | Oct 08 2025 |
Promoters And Management:
Financials of Chiraharit Limited IPO:
| Particulars ( IN CR) | FY 2024-25 | FY 2023-2024 | FY 2022-2023 |
| Revenue from Operations | 59.62 | 30.56 | 32.88 |
| EBITDA | 9.75 | 2.35 | 1.68 |
| EBITDA Margins | 16.36% | 7.71% | 5.13% |
| PAT | 6.02 | 0.6 | 0.42 |
| PAT Margins | 10.10% | 1.97% | 1.28% |
| ROCE | 32.29% | 10.50% | 8.58% |
| Debt to Equity Ratio(In Times) | 2.11 | 4.92 | 6.19 |
| Operating Cash Flows | 2.89 | 1.76 | 1 |
Comparison With Peers:
| Companies | Revenue (in cr) | EBITDA Margins | PAT Margins | ROCE | D/E Ratio | MCap (in cr) | P/E |
| Chiraharit Limited | 59.62 | 16.36% | 10.10% | 32.29% | 2.11 | 115.07 | 19.11 |
| Polysil Irrigation Systems Limited | 13.86 | 6.93% | -13.34% | 1.24% | 0.73 | 553 | - |
Lead Manager of Chiraharit Limited IPO:
Registrar of Chiraharit Limited IPO:
Discussion on Chiraharit Limited IPO:
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