Chiraharit Limited IPO

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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:

Company proposes to utilize the Net Proceeds towards funding the following objects: 1. Funding Capital Expenditure for setting up of HDPE Ball Valves and Fittings Manufacturing Unit (₹5.86 cr) 2. Repayment and/or pre-payment of certain borrowings (₹3.90 cr) 3. Working Capital Requirements (₹19.53 cr) 4. To meet the Issue Expenses (₹3.67 cr) 5. General Corporate Purposes (₹5.50 cr)

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:

1. Mr. Pavan Kumar Bang, aged 47, is the Promoter, Managing Director, and CEO of the company. With over 20 years of experience in agri-input marketing, commercial farming, and agricultural infrastructure development, he has played a key role in shaping the company's growth. A graduate in B.Sc. Agriculture and post-graduate in Agri Business Management, he has worked with ITC Limited, IL&FS, and ICICI Bank. He also serves as a visiting faculty at MANAGE. 2. Mr. Venkata Ramana Reddy Gaggenapalli, aged 57, is the Promoter and Executive Director of the company. With an M. Tech in Agricultural Engineering, he brings over 30 years of experience in micro-irrigation and water management. He has significantly contributed to the company’s success in sustainable water management solutions and is a member of various agricultural engineering associations. 3. Dr. Tejaswini Yarlagadda, aged 60, is the Promoter and Non-Executive Director of the company. Holding a Ph.D. in Socio-Economic History, she advises the company on human resources, administration, and strategic direction. Dr. Tejaswini is also the Managing Trustee of the Malaxmi Foundation and Pleach India Foundation, focusing on educational and social initiatives.

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:

  1. Finshore Management Services Limited

Registrar of Chiraharit Limited IPO:

  1. Bigshare Services Private Limited

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