Earkart Limited
Fixed Price IPO · BSE
- Price band
- ₹135 - ₹135
- Lot size
- 1,000 shares
- Issue amount
- ₹49.26 cr
- Total subscription
- 1.04×
- Opens
- 25 Sept 2025
- Closes
- 29 Sept 2025
- Allotment
- 30 Sept 2025
- Listing
- 3 Oct 2025
Offer at a glance
Issue overview
- Issue size
- 36,49,000 shares
- Face value
- 0
- Minimum investment
- ₹1,35,000
- Fresh issue
- ₹44.75 cr
- Offer for sale
- ₹4.51 cr
- Registrar
- Skyline Financial Services Private Limited
- Listing exchange
- BSE
- Maximum investment
- ₹1,35,000
- Issue type
- Fixed Price IPO
- Shares before issue
- 1,04,38,932
- Shares after issue
- 1,37,53,932
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 2 | 2,000 | ₹2,70,000 |
| sHNI | 3 | 3,000 | ₹4,05,000 |
Share reservation
Subscription & GMP
Subscription by category
Reported 29 Sept 2025
GMP history
Day-wise demand
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| RETAIL | 866 | 300 |
| HNIs (2-10L) | 577 | 176 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| FIIs | 0 | 13.53 |
| RETAIL | 23.38 | 8.1 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| EPS | 6.59 | 2.03 | 0.87 |
| ROE | 34.55 | 23.46 | 19.99 |
| ROCE | 47.32 | 27.44 | 23 |
| RONW | 0 | 0 | — |
| PRE IPO(PE) | 20.48 | 0 | 0 |
| POST IPO(PE) | 26.98 | 0 | 0 |
Values and labels as reported in the issue data.
Peer comparison
| Company | P/E(X) | CMP* (₹) | Face value (₹) | NAV/Share (₹) | RONW(%) | EPS (Basic) (₹) |
|---|---|---|---|---|---|---|
| OSEL Devices Limited | 16.91 | 242.05 | 10.00 | NA | 18.58 | 14.31 |
| Earkart Limited | NA | Na | 10.00 | NA | 41.77 | 6.59 |
Company information
Company profile
Earkart Limited is a HealthTech platform focused on hearing aids and related accessories, offering advanced devices such as Receiver-In-Canal, Invisible, Behind-The-Ear, In-The-Ear, In-The-Canal, and Completely-In-Canal models. The company also distributes products like adjustable foldable walkers and educational materials for physically challenged individuals. It sells through a network of partners and clinics in India and abroad and is a recognized Government e-Market supplier to ALIMCO under the Ministry of Social Justice and Empowerment. In April 2024, it introduced a Shop-in-Shop model for opticians and ENT/optical clinics, operating 49 clinics across 22 cities in 6 states and 2 Union Territories. Its manufacturing unit is based in Noida, covering 4,500 square feet.
Strengths
- Various Types of Hearing Aid Products: The company provides a broad range of hearing aids, offering different models and styles to suit customer needs.
- Multi-Channel Product Distribution Network: Sales are carried out through online platforms, offline retail stores, and government (B2G) contracts, covering diverse markets.
- Continued Focus on Innovation and Technology: The company emphasizes modern features and technological upgrades to deliver better products and user experience.
Risk factors
- Heavy Reliance on Government Contracts: A large share of revenue comes from government orders (86.56% in FY23, 75.85% in FY24, and 69.32% in FY25). If similar contracts are not secured in the future, it may affect growth and financial results.
- Challenges in Regulatory Compliance: The business must follow complex laws and regulations that take time and money to manage. Any negative regulatory action could impact operations, cash flows, and financial stability.
- Reliance on External Suppliers: The company depends on domestic and international suppliers for raw materials and components. Any supply chain disruption may slow down production and affect performance.
Promoters
Rohit Misra
Monika Misra
Registrar & documents
Lead manager
Sarthi Capital Advisors Private Limited
Registrar & contacts
Skyline Financial Services Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Shop No. 8-P, Street No. 6, Vasundhara Enclave, East Delhi, New Delhi, 110096
0120-4102857
[email protected]Company website ↗Understanding EARKART IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.