Chiraharit Ltd Logo

Chiraharit Ltd IPO

NSELot: 6000

LISTEDSME
Issue Price21
Listing16.8
Current8.05
Price Band
21 - ₹21
Lot Size
6,000
Issue Size
₹31.07 Cr
GMP
0
Subscription
0.10x

IPO Schedule

1
Open
29 Sept
2
Close
3 Oct
3
Allotment
6 Oct
4
Listing
8 Oct

About Chiraharit Ltd

Chiraharit Ltd is an SME operating in [Insert industry here, e.g., the manufacturing of eco-friendly packaging solutions]. The company focuses on [Insert key aspects of the business, e.g., providing sustainable alternatives to traditional packaging] and aims to capitalize on the growing demand for [Insert market trend, e.g., environmentally conscious products].

Subscription Status

QIB
0.00x
NII
0.12x
Retail
0.07x
CategoryDay 4Day 3Day 2Day 1
QIB0.00x0.00x0.00x0.00x
NII0.73x0.24x0.06x0.12x
Retail3.03x1.31x0.34x0.07x
Total1.88x0.77x0.20x0.10x

Risk Factors

SME IPOs are inherently riskier due to smaller scale of operations, limited financial resources, and higher vulnerability to market fluctuations.
Dependence on specific suppliers or customers could pose a risk to revenue and profitability.
Potential volatility in raw material prices or regulatory changes impacting the [Insert industry here] sector.

Promoters & Management

The key management team includes Mr. Pavan Kumar Bang (Managing Director and CEO), Mr. Venkata Ramana Reddy Gaggenapalli (Executive Director), and Dr. Tejaswini Yarlagadda (Non-Executive Director). Mr. Pavan Kumar Bang has extensive experience in marketing of agri-inputs, large scale commercial farming, development of agricultural infrastructure, and policy advisory. Mr. Venkata Ramana Reddy Gaggenapalli has expertise in micro-irrigation systems and water management. Dr. Tejaswini Yarlagadda provides strategic acumen and advises on human resources development and general administration. Other key personnel include Mr. Gudla Rama Chandra Rao (Chief Financial Officer) and Mr. Dixitula Venkata Kama Dixitulu (Company Secretary and Compliance Officer). The leadership team's experience and guidance are crucial to the company's success and growth.