Earkart IPO
GMP, Subscription, Price, Dates & Financial Details
Healthcare Services
Earkart Limited is a HealthTech platform specializing in advanced hearing aids and related accessories. The company provides a wide range of modern hearing solutions, including:Receiver-In-Canal (RIC)Invisible-In-Canal (IIC)Behind-The-Ear (BTE)In-The-Ear (ITE)In-The-Canal (ITC)Completely-In-Canal…
Open Date
Thu, 25 Sep 2025
Close Date
Mon, 29 Sep 2025
Issue Price
₹ 135
Lot Size
1000
Issue Size
₹ 49.26 Cr
Minimum Investment
₹ 270,000 (2000 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Earkart IPO has successfully completed its IPO process and is now listed on BSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a fixed price issue with a total issue size of ₹49.26 Crore, comprising a fresh issue of 33.15 Lakh equity shares aggregating to ₹44.75 Crore and an offer for sale (OFS) of 3.34 Lakh equity shares aggregating to ₹4.51 Crore by the existing shareholders.
The Earkart IPO remained open for subscription from September 25, 2025, to September 29, 2025. The basis of allotment was finalized on September 30, 2025, and the company's shares were listed on BSE SME Platform on October 03, 2025.
The company had fixed the price at ₹135 per share, with a lot size of 1000 shares. Retail investors were required to make a minimum investment of ₹270,000 (based on the upper price band) to apply for one lot.
Skyline Financial Services Private Ltd served as the registrar to the issue. Sarthi Capital Advisors Private Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Earkart Limited is now a publicly listed company on BSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Earkart IPO Timeline (Tentative)
- IPO Open Date
- Thu, 25 Sep 25
- IPO Close Date
- Mon, 29 Sep 25
- Basis of Allotment
- Tue, 30 Sep 25
- Initiation of Refunds
- Wed, 01 Oct 25
- Credit of Shares to Demat
- Wed, 01 Oct 25
- Listing Date
- Fri, 03 Oct 25 — NSE & BSE
Open Date
25 September 2025
Close Date
29 September 2025
Basis Of Allotment
30 September 2025
Listing Date
03 October 2025
IPO Subscription
Check Live Subscription →The Earkart IPO has received bids for 46,04,000 shares against 34,64,000 shares offered, resulting in an overall subscription of 1.33x. the NII category is subscribed 1.73x, Retail Investors 0.35x, and QIBs 0x.
QIB
0x
NII
1.73x
RII
0.35x
Total
1.33x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 17,32,000 shares, representing 50% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 0 shares (%), while Non-Institutional Investors (NIIs) receive 17,32,000 shares (50%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Non-Institutional | 1,732,000 | 50% |
| Retail Investors | 1,732,000 | 50% |
| Total | 3,649,000 | 100% |
Financials Details(₹ in Crores)
| Particular | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 0 | 19.25 | 14.73 | 5.94 |
| Revenue | 43.11 | 31.97 | 28.97 | 5.73 |
| Profit After Tax | 6.88 | 3.06 | 1.31 | 0.11 |
| Net Worth | 0 | 13.03 | 6.56 | 4.79 |
| Reserve & Surplus | 0 | 12.97 | 6.49 | 4.72 |
| Total Borrowings | 0 | 4 | 1.21 | 0.25 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Earkart Limited KPI Information
| Particular | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|
| ROE % | 34.55 | 23.46 | 19.99 |
| ROCE % | 47.32 | 27.44 | 23 |
| Debt / Equity | 0.26 | 0.31 | 0.26 |
| RoNW % | 41.77 | 31.21 | 23.12 |
| Pat Margin % | 15.93 | 9.57 | 4.53 |
Peers Comparison
| Company | Face Value | PE Ratio | EPS Basic | EPS Diluted | RoNW | Net Assets |
|---|---|---|---|---|---|---|
| Earkart Limited | 10 | 0.00 | 6.59 | 6.59 | 41.77 | 0.00 |
| OSEL Devices Limited | 10 | 16.91 | 14.31 | 14.31 | 18.58 | 0.00 |
About Earkart Limited
Earkart Limited is a HealthTech platform specializing in advanced hearing aids and related accessories. The company provides a wide range of modern hearing solutions, including:
- Receiver-In-Canal (RIC)
- Invisible-In-Canal (IIC)
- Behind-The-Ear (BTE)
- In-The-Ear (ITE)
- In-The-Canal (ITC)
- Completely-In-Canal (CIC)
In addition to hearing devices, Earkart also offers and distributes healthcare and assistive products such as adjustable foldable walkers, Multi-Sensory Integrated Educational Development (MSIED) kits, and Teaching Learning Material (TLM) for the physically challenged.
The company markets its products through a network of partners and clinics, both in India and internationally. It is also a trusted Government e-Marketplace (GeM) supplier, providing hearing aids to ALIMCO under the Ministry of Social Justice and Empowerment.
In April 2024, Earkart introduced a Shop-in-Shop (SIS) model, offering franchise opportunities to opticians and ENT/optical clinics. As of now, the company operates 49 SIS clinics across 22 cities in 6 states and 2 Union Territories, including Haryana, Uttar Pradesh, Rajasthan, Punjab, Jharkhand, Delhi, Uttarakhand, and Chandigarh.
Earkart’s manufacturing facility is located in Noida, Uttar Pradesh, spread across 4,500 sq. ft., equipped to produce high-quality hearing aids and related solutions.
Earkart IPO Promoters
- Rohit Misra
- Monika Misra
Promoters Holding
Holding Pre Issue
78.75%
Holding Post Issue
57.34%
Earkart IPO Objective
The Company Earkart IPO proposes to utilise the Net Proceeds from the Issue towards the following objects.
- Funding Incremental Working Capital requirements of our Company
- Funding capital expenditure requirements for setting of Shop in Shop (SIS) Business Model in ENT/Ophthalmic Clinics across India and Setting up of Infrastructure for operational activities
- General Corporate Purposes
Earkart Limited Address / Contact Details
Earkart Ltd.
Shop No. 8-P, Street No. 6,
Vasundhara Enclave,
East Delhi, Delhi
East Delhi, New Delhi, 110096
Phone: 0120-4102857
Email: cs@earkart.in
Website: https://www.earkart.in/
IPO Snapshot
Earkart IPO Lot Size
The Earkart IPO has a lot size of 1,000 shares. Retail investors require a minimum investment of ₹2,70,000 by applying for 2 lot (2,000 shares). The maximum application allowed for the retail category is 2 lots (2,000 shares), requiring an investment of ₹2,70,000.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 2,000 | 270,000.00 |
| Retail (Max) | 2 | 2,000 | 270,000.00 |
| S-HNI (Min) | 3 | 3,000 | 405,000.00 |
Issue Reservation
- NII — 50%
- RII — 50%
Book Running Lead Managers
- Sarthi Capital Advisors Private Limited
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Earkart IPO?
Earkart IPO is a Fixed price IPO with a total issue size of ₹49.26 crore. The Earkart IPO price band is ₹135 to 135 per share. The Earkart IPO subscription opens on Thu, Sep 25, 2025, and closes on Mon, Sep 29, 2025. The Earkart IPO will be listed on the BSE. Skyline Financial Services Private Ltd is the registrar for the Earkart IPO.
When will the Earkart IPO open for subscription?
The Earkart IPO opens on Thu, Sep 25, 2025 and closes on Mon, Sep 29, 2025
What is Earkart IPO Price Band?
Earkart IPO Price Band is ₹135 to 135 per share.
What is Earkart IPO Lot Size?
Earkart IPO lot size is 1000 shares, Retail investors need a minimum investment of ₹270000 based on the upper price band
What is the minimum investment for Earkart IPO?
The minimum investment for Earkart IPO is ₹270000, based on one lot of 1000 shares at the upper price band of ₹135 per share.
How to apply for Earkart IPO?
Investors can apply for the Earkart IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Mon, Sep 29, 2025. The application amount remains blocked until the Earkart IPO allotment is finalized.
What is Earkart IPO Issue Size?
Earkart IPO issue size is ₹49.26 crores.
What is the Earkart IPO Allotment Date?
Earkart IPO allotment date is Tue, Sep 30, 2025.
Who is the Earkart IPO Registrar?
The registrar for Earkart IPO is Skyline Financial Services Private Ltd. Investors can go to Skyline Financial Services Private Ltd website to check Earkart IPO allotment status, refund processing, and other IPO-related information.
Who is the Earkart IPO Lead Manager?
The book-running lead managers (BRLMs) for the Earkart IPO are Sarthi Capital Advisors Private Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Earkart IPO Red Herring Prospectus (RHP).