Chiraharit Ltd - IPO

Chiraharit Ltd IPO Details

Initial public offer of up to 1,47,96,000 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. 21/- per equity share, including a share premium of Rs. 20/- per equity share (the Issue Price), aggregating to Rs. 31.07 crores (the Issue), of which 7,44,000 equity shares of face value of Re. 1/- each for cash at a price of Rs. 21/- per equity share, aggregating to Rs. 1.56 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 1,40,52,000 equity shares of face value of Re. 1/- each for cash at a price of Rs. 21/- per equity share, aggregating to Rs. 29.51 crores is here in after referred to as the Net Issue. The issue and the net issue will constitute 27.00 % and 25.64 % respectively of the post issue paid-up equity share capital of the company.Price Band: Rs. 21/- for equity share of face value of Rs. 1 each.The floor price is 21 times times the face value of the face value of the equity shares.Bids can made for a minimum of 12,000 equity shares and in multiples of 6,000 equity shares thereafter.

Objective of issue

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. Issue Related Expenses. General Corporate Expenses.

Chiraharit Ltd Contact Details

Chiraharit Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - cs@chiraharit.com

Website - https:, chiraharit.com