Chiraharit IPO Price, List Date, Subscription Details

Key Performance Indicators	Mar 2023	Mar 2024	Mar 2025
Operating Revenue	3,288.79	3,056.56	5,962.80
Other Income	14.38	0.87	16.99
Total Income	3,303.16	3,057.42	5,979.79
Total Expenses	3,120.11	2,820.83	4,987.19
Profit Before Tax	95.38	114.25	836.94
Total Profit	42.05	60.34	602.29

Key Performance Indicators

Mar 2023

Mar 2024

Mar 2025

Operating Revenue

3,288.79

3,056.56

5,962.80

Other Income

14.38

0.87

16.99

Total Income

3,303.16

3,057.42

5,979.79

Total Expenses

3,120.11

2,820.83

4,987.19

Profit Before Tax

95.38

114.25

836.94

Total Profit

42.05

60.34

602.29

Key Performance Indicators	Mar 2023	Mar 2024	Mar 2025
Operating Revenue	3,288.79	3,056.56	5,962.80
Other Income	14.38	0.87	16.99
Total Income	3,303.16	3,057.42	5,979.79
Total Expenses	3,120.11	2,820.83	4,987.19
Profit Before Tax	95.38	114.25	836.94
Total Profit	42.05	60.34	602.29

Key Performance Indicators

Mar 2023

Mar 2024

Mar 2025

Operating Revenue

3,288.79

3,056.56

5,962.80

Other Income

14.38

0.87

16.99

Total Income

3,303.16

3,057.42

5,979.79

Total Expenses

3,120.11

2,820.83

4,987.19

Profit Before Tax

95.38

114.25

836.94

Total Profit

42.05

60.34

602.29

Purpose	Amount
The company proposes to establish a new manufacturing facility for HDPE ball valves and fittings at Plot No. 41, Survey No. 185 & 186 situated at Plastic Park Mankhal, Tumaloor Village, Maheshwaram Mandal, Ranga Reddy District, Telangana. The facility will house three injection moulding machines to manufacture HDPE ball valves ranging from DN32 to DN75 sizes. This initiative addresses a significant gap in the Indian market as the segment is currently emerging with limited domestic manufacturers. The company currently imports HDPE ball valves from China for internal use, and by manufacturing these valves in-house, the company aims to reduce dependency on imports, lower costs, and improve supply chain efficiency. The facility will also include a modern warehouse with multi-level racks to streamline material storage and retrieval processes, which is critical to managing the company's expanding inventory efficiently and supporting anticipated business growth. The facility is expected to be fully operational by January 2026.	526
The company proposes to utilize the funds for repayment and/or pre-payment of certain borrowings availed from various banks and financial institutions. The outstanding loan facilities include secured and unsecured borrowings in the form of loan against property and personal guarantees of Directors and Promoters. The company believes that such repayment and/or pre-payment will help reduce outstanding indebtedness, debt servicing costs, assist in maintaining a favourable debt-to-equity ratio and enable utilization of additional amount from internal accruals for further investment in business growth and expansion. The improved debt-equity ratio will enable the company to raise funds at competitive rates in the future to fund potential business development opportunities and plans to grow and expand business.	390
The company's business is highly working capital intensive and the company funds a majority of the working capital requirement through internal accruals and short-term borrowings. The working capital requirement has increased significantly due to business growth, with revenue from operations increasing substantially over the past years. The major working capital is required for procuring raw materials and products, work in progress for finished goods, sundry debtors, advance to suppliers, retention money held by clients, and margin for providing bank guarantees. The company has an outstanding order book and has secured additional orders including Solar Module Cleaning Systems, Water Pipeline Solutions for Industrial and Residential Projects, and Irrigation Solutions for Agriculture and Landscape Irrigation. The proposed HDPE valve and fittings manufacturing unit is aimed at capturing a share of the rapidly expanding Indian market for HDPE products, driven by major government infrastructure projects.	1,413
The company proposes to utilize the funds to meet expenses related to the IPO including issue management fees, underwriting fees, selling commission, registrar fees, legal advisor fees, printing and distribution expenses, issue related advertisement expenses, depository charges and listing fees, statutory expenses and other miscellaneous expenses related to the public issue.	311
The company intends to deploy the balance net proceeds for general corporate purposes, subject to utilization not exceeding 15% of the amount being raised through the issue, in compliance with SEBI ICDR Regulations. The purposes include strategic initiatives, partnerships, joint ventures and acquisitions; brand building and strengthening of promotional & marketing activities and advisory; enhancing infrastructure and facilities; meeting exigencies and contingencies which the company in the ordinary course of business may not foresee; and any other purposes as approved by the Board subject to compliance with necessary regulatory provisions. The quantum of utilization towards each purpose will be determined by the Board of Directors based on the permissible amount and business requirements from time to time.	466

Purpose

Amount

The company proposes to establish a new manufacturing facility for HDPE ball valves and fittings at Plot No. 41, Survey No. 185 & 186 situated at Plastic Park Mankhal, Tumaloor Village, Maheshwaram Mandal, Ranga Reddy District, Telangana. The facility will house three injection moulding machines to manufacture HDPE ball valves ranging from DN32 to DN75 sizes. This initiative addresses a significant gap in the Indian market as the segment is currently emerging with limited domestic manufacturers. The company currently imports HDPE ball valves from China for internal use, and by manufacturing these valves in-house, the company aims to reduce dependency on imports, lower costs, and improve supply chain efficiency. The facility will also include a modern warehouse with multi-level racks to streamline material storage and retrieval processes, which is critical to managing the company's expanding inventory efficiently and supporting anticipated business growth. The facility is expected to be fully operational by January 2026.

526

The company proposes to utilize the funds for repayment and/or pre-payment of certain borrowings availed from various banks and financial institutions. The outstanding loan facilities include secured and unsecured borrowings in the form of loan against property and personal guarantees of Directors and Promoters. The company believes that such repayment and/or pre-payment will help reduce outstanding indebtedness, debt servicing costs, assist in maintaining a favourable debt-to-equity ratio and enable utilization of additional amount from internal accruals for further investment in business growth and expansion. The improved debt-equity ratio will enable the company to raise funds at competitive rates in the future to fund potential business development opportunities and plans to grow and expand business.

390

The company's business is highly working capital intensive and the company funds a majority of the working capital requirement through internal accruals and short-term borrowings. The working capital requirement has increased significantly due to business growth, with revenue from operations increasing substantially over the past years. The major working capital is required for procuring raw materials and products, work in progress for finished goods, sundry debtors, advance to suppliers, retention money held by clients, and margin for providing bank guarantees. The company has an outstanding order book and has secured additional orders including Solar Module Cleaning Systems, Water Pipeline Solutions for Industrial and Residential Projects, and Irrigation Solutions for Agriculture and Landscape Irrigation. The proposed HDPE valve and fittings manufacturing unit is aimed at capturing a share of the rapidly expanding Indian market for HDPE products, driven by major government infrastructure projects.

1,413

The company proposes to utilize the funds to meet expenses related to the IPO including issue management fees, underwriting fees, selling commission, registrar fees, legal advisor fees, printing and distribution expenses, issue related advertisement expenses, depository charges and listing fees, statutory expenses and other miscellaneous expenses related to the public issue.

311

The company intends to deploy the balance net proceeds for general corporate purposes, subject to utilization not exceeding 15% of the amount being raised through the issue, in compliance with SEBI ICDR Regulations. The purposes include strategic initiatives, partnerships, joint ventures and acquisitions; brand building and strengthening of promotional & marketing activities and advisory; enhancing infrastructure and facilities; meeting exigencies and contingencies which the company in the ordinary course of business may not foresee; and any other purposes as approved by the Board subject to compliance with necessary regulatory provisions. The quantum of utilization towards each purpose will be determined by the Board of Directors based on the permissible amount and business requirements from time to time.

466

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Chiraharit IPO

Founded In

2006

CEO

Venkata Ramana Reddy Gaggenapalli

Invest & Trade with a Trading
Platform That's #MadeForTrade

Chiraharit IPO

Founded In

2006

CEO

Venkata Ramana Reddy Gaggenapalli

Invest & Trade with a Trading Platform That's #MadeForTrade

Invest & Trade with a Trading
Platform That's #MadeForTrade