Key IPO Details
| Particulars |
Details |
| IPO Open Date |
September 25, 2025 |
| IPO Close Date |
September 29, 2025 |
| Listing Date |
October 3, 2025 |
| Face Value |
₹10 per equity share |
| Price Band |
₹135 per share |
| Issue Size |
Approx. ₹49.26 Crores |
| Fresh Issue |
Approx. ₹44.75 Crores |
| Offer for Sale |
Approx. 3,34,000 Equity Shares |
| Issue Type |
Fixed Price Issue |
| IPO Listing |
BSE SME |
| Retail Quota |
50% |
| QIB Quota |
0% |
| NII (HNI) Quota |
50% |
Market Lot Information
| Category |
Lot Size |
Shares |
Amount (₹) |
| Retail Minimum |
2 |
2,000 |
2,70,000 |
| Retail Maximum |
2 |
2,000 |
2,70,000 |
| S-HNI Minimum |
3 |
3,000 |
4,05,000 |
Important IPO Dates
| Event |
Date |
| IPO Opening |
September 25, 2025 |
| IPO Closing |
September 29, 2025 |
| Basis of Allotment |
September 30, 2025 |
| Refund Initiation |
October 1, 2025 |
| Demat Credit |
October 1, 2025 |
| Listing Date |
October 3, 2025 |
Promoters
About the Company
Earkart Limited, founded in 2021, is engaged in the business of hearing aids and related accessories. The company offers a wide range of hearing devices including Receiver-In-Canal (RIC), Invisible (IIC), Behind-The-Ear (BTE), In-The-Ear (ITE), In-The-Canal (ITC), and Completely-In-Canal (CIC) models. They also provide assistive devices such as foldable walkers and special learning materials for people with physical challenges. Earkart emphasizes research & development, quality assurance, and a strong client relationship.
Financial Performance
| Period Ended |
Revenue (₹ Cr) |
Expense (₹ Cr) |
PAT (₹ Cr) |
Assets (₹ Cr) |
| 2023 |
28.97 |
27.51 |
1.31 |
14.73 |
| 2024 |
31.97 |
28.72 |
3.06 |
19.25 |
| 2025 |
43.19 |
34.18 |
6.88 |
30.29 |
Key Financial Ratios (FY2025)
| KPI |
Value |
| ROE |
34.55% |
| ROCE |
47.32% |
| EBITDA Margin |
22.65% |
| PAT Margin |
15.93% |
| Debt to Equity Ratio |
0.25 |
| EPS (Basic) |
₹6.59 |
| P/E Ratio |
N/A |
| RoNW |
41.77% |
| Net Asset Value (NAV) |
₹19.08 |
Peer Group Comparison
| Company |
EPS |
PE Ratio |
RoNW (%) |
NAV |
Income |
| OSEL Devices Limited |
14.31 |
16.91 |
18.58% |
– |
20.05 Cr. |
Purpose of the IPO
- Funding incremental working capital requirements
- Capex for Shop in Shop (SIS) business model & infra setup
- General Corporate Purpose
Registrar & Contact Details
Registrar:
Skyline Financial Services Pvt.Ltd.
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
Lead Manager:
Sarthi Capital Advisors Pvt.Ltd.
Company Address:
Earkart Ltd.
Shop No. 8-P, Street No. 6, Vasundhara Enclave, East Delhi, New Delhi, 110096
Phone: 0120-4102857
Email: cs@earkart.in
Website: https://www.earkart.in/
Reviews
The company has shown strong growth in revenue and profitability. Investors may consider for long-term investment, but are advised to research further and consult financial advisors before investing.
