08 Oct 2025 | 5 Mins Read
Chiraharit IPO gets cautious listing optimism
Flipitmoney
Chiraharit's Rs 31 crore SME IPO was subscribed 1.88 times, driven mainly by retail investors who bid 3.03 times. The issue priced shares at Rs 21 each. The company aims to raise funds for setting up a new manufacturing unit, working capital, and loan repayment, and has shown sharp growth in revenue and profit. Listing gains are likely moderate at 5-10%.