Description

BSE announces listing of 5,47,96,000 equity shares of Chiraharit Limited post-SME IPO with lock-in periods ranging from September 2025 to October 2028.

Summary

BSE has announced the listing of equity shares of Chiraharit Limited following its SME IPO. A total of 5,47,96,000 fully paid equity shares in demat form are being listed, comprising both free IPO shares and promoter shares with varying lock-in periods.

Key Points

  • Total shares listed: 5,47,96,000 fully paid equity shares
  • 1,45,20,425 shares are free IPO shares without lock-in
  • Three tranches of shares have lock-in periods starting September 27, 2025
  • All shares are in demat form
  • Listing pertains to SME segment

Share Distribution Details

Free IPO Shares (No Lock-in):

  • 1,45,20,425 shares (Distinctive Numbers: 1 to 1,45,20,425)

Locked-in Shares:

  1. 1,45,20,375 shares with 1-year lock-in (Sep 27, 2025 to Oct 8, 2026)

    • Distinctive Numbers: 1,45,20,426 to 2,90,40,800

  2. 1,09,59,200 shares with 2-year lock-in (Sep 27, 2025 to Oct 8, 2027)

    • Distinctive Numbers: 2,90,40,801 to 4,00,00,000

  3. 1,47,96,000 shares with 3-year lock-in (Sep 27, 2025 to Oct 8, 2028)

    • Distinctive Numbers: 4,00,00,001 to 5,47,96,000

Important Dates

  • Lock-in Period Start Date: September 27, 2025 (for all locked-in tranches)
  • 1-Year Lock-in Expiry: October 8, 2026
  • 2-Year Lock-in Expiry: October 8, 2027
  • 3-Year Lock-in Expiry: October 8, 2028

Compliance Requirements

  • All shares are held in demat form as required
  • Promoters and other locked-in shareholders must comply with lock-in restrictions per applicable regulations
  • Trading in free IPO shares can commence immediately upon listing

Impact Assessment

This is a standard SME IPO listing with minimal market-wide impact. The listing adds a new company to BSE’s SME platform. Approximately 26.5% of total shares (1,45,20,425 out of 5,47,96,000) are freely tradable, while the remaining shares are subject to lock-in periods of 1-3 years to ensure promoter commitment. The staggered lock-in structure provides gradual liquidity release over the next three years.

Impact Justification

Routine SME IPO listing notification with standard lock-in provisions. Limited market-wide impact.