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Chiraharit specializes in turnkey EPC projects across two primary segments: Water-based systems and Renewable Energy-based infrastructure. 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%
Governmetn initiatives and policies in favour of agriculture and allied services.
Inflow of investments and sepending in the agriculture sector
| Revenue | ₹30.57 cr | ₹59.63 cr (+95.06%) | |
| PAT | ₹0.60 cr | ₹6.02 cr (+903.33%) | |
| PAT Margin | 1.96 % | 10.10 % (+415.31%) | |
| EBITDA | ₹2.36 cr | ₹9.92 cr (+320.34%) | |
| EBITDA Margin | 7.72 % | 16.64 % (+115.54%) | |
| ROE | 18.13 % | 62.90 % (+246.94%) | |
| ROCE | 10.50 % | 32.29 % (+207.52%) | |
| D/E | 4.92 | 2.04 (-58.54%) |
Chiraharit Limited offers diversified services including solar module cleaning systems, EPC solutions for piped water projects, various irrigation systems tailored for agricultural efficiency, the installation and setup of bio-gas plants, and civil construction projects focused on piped water infrastructure for housing townships, residential layouts, and commercial developments.
PE Ratio: 19.11x Average Sector PE Ratio: 13.85x
| NII (HNI) Shares Offered: | 7026000 |
| Retail Shares Offered: | 7026000 |
| Total Shares Offered: | 14052000 |
| Application | Lot | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Max) | 2 | 12000 | ₹252000 |
| S-HNI (Min) | 2 | 12000 | ₹252000 |
| S-HNI (Max) | 3 | 18000 | ₹378000 |
Avg IPO Size (Sector Based):
₹ 30.78 cr.
Average Sector PE Ratio:
13.85 X
Listing Price:
₹ 16.80
Chiraharit specializes in turnkey Engineering, Procurement, and Construction (EPC) projects across two primary segments: Water-based systems and Renewable Energy-based infrastructure. With a steadfast commitment to excellence, the company delivers innovative, end-to-end solutions designed to address the unique challenges of each project, ensuring optimal performance and long-term sustainability.
In the Water-based segment, Chiraharit focuses on the efficient and reliable movement of piped water under pressurized conditions. Their expertise spans a wide range of applications, including piped irrigation for agriculture, drinking water supply systems for industrial and residential townships, large-scale pressurized irrigation networks, solar module cleaning systems using water, and landscape irrigation.
The Renewable Energy-based segment centers on the construction of Compressed Bio-Gas (CBG) plants. Chiraharit offers comprehensive turnkey execution of civil, mechanical, and pumping systems, ensuring seamless delivery and integration. As a recent addition to their portfolio, this segment reflects the company’s dedication to sustainable energy solutions and technical excellence.
Chiraharit is a proud member of the MALAXMI Group, a diversified conglomerate with successful ventures in Water Management, Alternate Fuels, Property Development, and Infrastructure.
The company’s core strength lies in the efficient transfer of water from source to end user. Chiraharit excels in the design, supply, and installation of all critical components, including pumping systems, pipelines, measurement instruments, storage facilities, water treatment units, and distribution networks. As a system integrator, Chiraharit ensures seamless coordination of multiple systems to deliver tailored water solutions for agricultural, industrial, and drinking water applications.
Finshore Management Services Limited, based in Kolkata is the Lead Manager (BRLM) of Chiraharit IPO. Finshore Management Services Limited has handled (17) SME IPOs till date of which (76%) of the SME IPOs have been listed with listing gains. Read full review of Finshore Management Services Limited .
Chiraharit IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on Chiraharit Financial Review Page
Merchant Banker(s) of Chiraharit IPO: Finshore Management Services Limited
Chiraharit IPO subscription was 1.88 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.
Chiraharit IPO listed at a listing price of 16.80 against the offer price of 21.00.
The current market price of Chiraharit is 15.96.
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