Chiraharit IPO Sees Moderate Demand, Subscribed 1.88x by Day 4

No image 5paisa Capital Ltd - 2 min read

Last Updated: 3rd October 2025 - 06:33 pm

Chiraharit Limited's initial public offering (IPO) has demonstrated moderate investor interest through its fourth day of subscription, with Chiraharit's stock price set at ₹21 per share reflecting steady market reception. The ₹31.07 crore IPO reached 1.88 times by 4:59:50 PM on day four.


Chiraharit IPO individual investors segment leads with strong 3.03 times subscription, whilst non-institutional investors demonstrate limited participation at 0.73 times.

Subscription Status of Chiraharit IPO:

Date NII Individual Investors Total
Day 1 (September 29) 0.12 0.07 0.10
Day 2 (September 30) 0.06 0.34 0.20
Day 3 (October 01) 0.24 1.31 0.77
Day 4 (October 03) 0.73 3.03 1.88

Here are the subscription details for Chiraharit IPO as of Day 4 (October 3, 2025, 4:59:50 PM):

Investor Category Subscription (times) Shares Offered Shares bid for

Total Amount (₹ Cr.)

Market Maker 1.00

7,44,000

7,44,000 1.56
Non-Institutional Buyers 0.73 70,26,000 51,60,000 10.84
Individual Investors 3.03 70,26,000 2,12,88,000 44.70
Total 1.88 1,40,52,000 2,64,48,000 55.54

Key Highlights - Day 4:

  • Overall subscription reached moderate 1.88 times, showing substantial improvement from day three's 0.77 times
  • Individual investors displaying strong confidence at 3.03 times, building substantially from day three's 1.31 times
  • Non-institutional investors showing limited performance at 0.73 times, building substantially from day three's 0.24 times
  • Total applications reached 1,917, indicating minimal investor participation for this SME IPO
  • Cumulative bid amount reached ₹55.54 crores, significantly exceeding the issue size of ₹31.07 crores

Chiraharit IPO - Day 3 Subscription at 0.77 Times

Key Highlights - Day 3:

  • Overall subscription reaching limited 0.77 times, showing substantial improvement from day two's 0.20 times
  • Individual investors displaying moderate confidence at 1.31 times, building substantially from day two's 0.34 times
  • Non-institutional investors showing limited performance at 0.24 times, building substantially from day two's 0.06 times

Chiraharit IPO - Day 2 Subscription at 0.20 Times

Key Highlights - Day 2:

  • Overall subscription reaching limited 0.20 times, showing improvement from day one's 0.10 times
  • Individual investors displaying limited confidence at 0.34 times, building substantially from day one's 0.07 times
  • Non-institutional investors showing minimal performance at 0.06 times, declining from day one's 0.12 times

Chiraharit IPO - Day 1 Subscription at 0.59 Times

Key Highlights - Day 1:

  • Overall subscription reached minimal 0.10 times, showing very cautious initial investor interest
  • Non-institutional investors showing minimal performance at 0.12 times, indicating very weak HNI appetite
  • Individual investors displaying minimal confidence at 0.07 times, showing very weak retail sentiment

About Chiraharit Limited

Incorporated in 2006, Chiraharit Limited specializes in turnkey EPC projects focusing on water-based and renewable energy sectors, delivering innovative solutions including solar module cleaning systems, irrigation solutions, water pipeline solutions, and construction of Compressed Bio-Gas plants, operating with a robust order book of ₹51.38 crore as of August 31, 2025.

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Krishca Strapping Solutions Limited

sme
  • Date Range 23 Oct- 27 Oct’23
  • Price 23
  • IPO Size 200