IPO

Earkart Limited IPO

BSE SME

Listed On: Oct 3, 2025 at ₹ 135.5

₹ 270000 /2000 Shares
*Min Investment

Check Allotment

25 Sep, 2025

Open Date

29 Sep, 2025

Close Date

30 Sep, 2025

Allotment Date

03 Oct, 2025

Listing Date
Earkart Limited IPO Live Subscription Details
Retail 0.35x
NII 1.73x
Total 1.33x
Last updated: 29 Sep 2025, 07:02 PM
Earkart Limited IPO Issue Details
  • Issue Price ₹135 per equity share
  • Face Value ₹10 Per Equity Share
  • Issue Size
    • Total Size 36,49,000 shares(aggregating up to ₹49.26 crore)
    • Fresh Share 33,15,000 shares(aggregating up to ₹44.75 crore)
    • Listing at BSE SME
    • List Price 135.5
    • Listing Date 2025-10-03
    • Lead Manager Sarthi Capital Advisors Pvt.Ltd.
    • Registrar Skyline Financial Services Pvt.Ltd.
Market Lot Size

Investors can bid for a minimum of 2000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.

ApplicationLotsSharesAmount
Retail (min)22000₹2,70,000
Retail(max)22000₹2,70,000
SHNI(min) 33000₹4,05,000
Earkart Limited IPO Reservation

Earkart Limited IPO offers total 36,49,000 shares. Out of which NA (NA%) allocated to QIB, 17,32,000 (47.47%) allocated to NII,17,32,000 (47.47%) allocated to RII, NA (NA%) allocated to employees and NA (NA%) allocated to Anchor investors.

Investor CategoryShares OfferedMaximum Allottees
Market Maker Shares Offered1,85,000 (5.07%)
NII (HNI) Shares Offered17,32,000 (47.47%)
Retail Shares Offered17,32,000 (47.47%)
Total Shares Offered36,49,000 (100%)
Earkart Limited IPO Documents
Earkart Limited IPO Details


Earkart Limited IPO is an SME IPO, priced at ₹135 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the BSE SME platform. The IPO comprises a total issue of 36,49,000 equity shares, aggregating up to ₹49.26 crores..

The IPO bidding window is open from Sep 25, 2025 to Sep 29, 2025. The allotment is expected to be finalized on Sep 30, 2025, and the tentative listing date is Oct 3, 2025.

The minimum lot size for retail investors is 2000 shares, with a minimum investment of ₹2,70,000.

Sarthi Capital Advisors Pvt.Ltd. is acting as the lead manager to the issue. The registrar of the IPO is Skyline Financial Services Pvt.Ltd., and

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Earkart Limited IPO Subscription Analysis And Details
Retail
0.35x
Total
1.28x
As onQIB / NIIRetailTotal
Shares Offered / Reserved17,32,00017,32,00034,64,000
Day 1 25-09-25 06:00 PM
0.12 x0.02 x0.97 x
Day 2 26-09-25 06:00 PM
0.15 x0.04 x0.09 x
Day 3 29-09-25 06:00 PM
1.63 x0.35 x1.28 x

Total No of Applications
488
Earkart Limited Valuations
EPS Pre IPO ₹6.59/-
EPS Post IPO ₹5.00/-
P/E Pre IPO 20.48
P/E Post IPO 26.98
ROE 34.55%
ROCE 47.32%
Debt/Equity 0.26
RoNW 34.55%
PAT Margin 15.93%
Price to Book Value 7.08
Earkart Limited Company Financials
All values are in ₹ Cr.
31-Mar-2531-Mar-2431-Mar-23
Assets30.2919.2514.73
Revenue43.1931.9728.97
Profit After Tax6.883.061.31
Net Worth19.9213.036.56
Reserves & Surplus19.9213.036.56
Total Borrowing4.964.001.21
About Earkart Limited Company

Earkart Limited is a HealthTech portal, dealing primarily in hearing aids and accessories. It deals in contemporary hearing instruments, such as Receiver-In-Canal (RIC), Invisible (IIC), Behind-The-Ear (BTE), In-The-Ear (ITE), In-The-Canal (ITC) and Completely-In-Canal (CIC).

It also deals in and distributes various other products such as adjustable foldable walkers and Multi-Sensory Integrated Educational Development (MSIED) and Teaching Learning Material (TLM) for physically disabled.The company distributes products through a network of clinics and partners both domestically and internationally. It is also a government-approved e-Market (GeM) supplier of hearing aids to ALIMCO under Ministry of Social Justice and Empowerment.

In April 2024, the firm has introduced Shop in Shop (SIS) model, where it grants franchise to opticians and ENT/optical clinics. Till date, the firm has 49 SIS clinics operational in 22 cities in 6 states and 2 Union Territories, i.e., Haryana, Uttar Pradesh, Rajasthan, Punjab, Jharkhand, Delhi, Uttarakhand, and Chandigarh.Its manufacturing unit is at Noida, over 4,500 square feet

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Earkart Limited - Promoter(s)

Rohit Misra

Monika Misra

Pre Issue Share Holding : 78.75%

Post Issue Share Holding : 57.34%

Earkart Limited IPO - Issue Objectives
1

Funding incremental working capital requirements of our Company

2

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

3

General Corporate Purposes

Contact Details

Earkart Limited

Shop No. 8-P, Street No. 6, Vasundhara Enclave, East Delhi, New Delhi, 110096

0120-4102857

cs@earkart.in

https://www.earkart.in/

Registrar Contact Details

Skyline Financial Services Private Ltd

02228511022

ipo@skylinerta.com

https://www.skylinerta.com/ipo.php