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Chiraharit Ltd

Registered Office : Malaxmi Courtyard Survey #.157,Khajaguda Village Chitrapuri,Hyderabad Telangana 500104 Phone : +91 77385 61210
Fax :

Email : cs@chiraharit.com

Website : https://chiraharit.com/

Initial public offer of up to 1,48,00,000 equity shares of face value of Re. 1/- each ("Equity Shares") of Chiraharit Limited (the "Company" or the "Issuer") for cash at a price of Rs. 26/- per equity share, including a share premium of Rs. 25/- per equity share (the "Issue Price"), aggregating to Rs. 38.48 crores ("the Issue"), of which 7,40,000 equity shares of face value of Re. 1/- each for cash at a price of Rs. 26/- per equity share, aggregating to Rs. 1.92 crores will be reserved for subscriptions by the market maker to the issue (the "Market Maker Reservation Portion"). The issue less market maker reservation portion i.e. issue of 1,40,60,000 equity shares of face value of Re. 1/- each for cash at a price of Rs. 26/- per equity share, aggregating to Rs. 36.56 crores is here in after referred to as the "Net Issue". The issue and the net issue will constitute 27.01 % and 25.66 % respectively of the post issue paid-up equity share capital of the company. The face value of the equity share is Re. 1/- each and the issue price is Rs. 26/- each i.e., 26 times of the face value of the equity shares. the minimum lot size is 4,000 equity shares.

Issue

Opens On

Closes On

01-Jan-1970

Money Payable On

Application

Allotment

26.00

0.00

Minimum Application for shares in Nos : 4000.0 Further Multiples of : 4000.0

₹Cr

Lead Managers to the Issue

Project Cost (₹.Cr)

Project Financed through Current Offer (₹.Cr)

Post Issue Equity Share Capital (₹.Cr)

Issue Price (₹.Cr)

34.80

38.48

5.48

26.00

Finshore Management Services Ltd

Projects

Funding capital expenditure towards setting up HDPE Ball Valves and Fittings Manufacturing Unit

Repayment and/or pre-payment in full or part of certain borrowings

Working capital requirements

General corporate expenses

Promoted By

Pavan Kumar Bang

Tejaswini Yarlagadda

Venkata Ramana Reddy Gaggenapa

Listing At

BSE - SME

Registrar to the Issue

Bigshare Services Pvt Ltd