Earkart IPO
Earkart IPO
Overview
Earkart IPO is a fixed price issue of ₹49.26 crores. The issue is a combination of fresh issue of 0.33 crore shares aggregating to ₹44.75 crores and offer for sale of 0.03 crore shares aggregating to ₹4.51 crores. Earkart IPO opens for subscription on Sep 25, 2025 and closes on Sep 29, 2025. The allotment for the Earkart IPO is expected to be finalized on Sep 30, 2025. Earkart IPO will list on BSE SME with a tentative listing date fixed as Oct 3, 2025. Earkart IPO price is ₹135.00 per share . The lot size for an application is 1,000. The minimum amount of investment required by an individual investor (retail) is ₹2,70,000.00 (2,000 shares) (based on upper price). The minimum lot size investment for HNI is 3 lots (3,000 shares), amounting to ₹4,05,000. Sarthi Capital Advisors Pvt.Ltd. is the book running lead manager and Skyline Financial Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Rikhav Securities Ltd..
Total Shares
36,49,000
Issue Size
₹49.26 Cr
Price Band
₹135 – ₹135
Lot Size
1000 shares
Min. Investment
₹2,70,000
Max. Investment
₹2,70,000
Open Date
25 Sep, 2025
Close Date
29 Sep, 2025
Allotment
30 Sep, 2025
Listing
03 Oct, 2025
Max. Investment
₹2,70,000
Announced
25 Sep, 2025
Opening Date
25 Sep, 2025
Closing Date
29 Sep, 2025
Basis of Allotment
30 Sep, 2025
Initiation of Refunds
01 Oct, 2025
Credit of Shares
01 Oct, 2025
Listing Date
03 Oct, 2025
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About Earkart IPO
Earkart Limited is a HealthTech platform, specializing in hearing aids and related accessories. It offers modern hearing devices, like 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 offers and distributes other products like adjustable foldable walkers and Multi-Sensory Integrated Educational Development (MSIED) and Teaching Learning Material (TLM) for physically challenged.
The company se
Earkart IPO Share Price
Issue Breakdown
Shareholding
Dilution: 31.8% increase in shares
Earkart IPO Promoters Holding
Earkart IPO Financial Health
Earkart Ltd.'s revenue increased by 35% and profit after tax (PAT) rose by 125% between the financial year ending with March 31, 2025 and March 31, 2024.
Earkart IPO Lot Size
Investors can bid for a minimum of 2,000 shares and in multiples of 1,000 shares thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 2000 | ₹2,70,000 |
| Individual investors (Retail) (Max) | 2 | 2000 | ₹2,70,000 |
| HNI (Min) | 3 | 3000 | ₹4,05,000 |
(All values in CR)
Earkart IPO Valuations
The market capitalization of Earkart IPO is ₹185.68 Cr. KPI as of Mon, Mar 31, 2025.
| Metric | Value |
|---|---|
| ROE | 34.55 |
| ROCE | 47.32 |
| Debt/Equity | 0.26 |
| RoNW | 34.55 |
| PAT Margin | 15.93 |
| EBITDA Margin | 22.65 |
| Price to Book Value | 7.08 |
(All values in CR)
Earkart IPO Strength & Risk
Earkart IPO Strength:
Consistent increase in revenue and profitability.
Strong margins with improving operational efficiency.
Low debt levels with stable financial leverage.
Good return on capital employed showing efficient use of resources.
Diversified clientele including government, clinics, retailers, and doctors.
Experienced promoter and management team.
Growth opportunity through expansion of Shop-in-Shop model.
Earkart IPO Risk:
Heavy reliance on government institutions for revenue.
Dependence on a few key suppliers, especially imports from China.
Revenue concentration from top customers.
Negative operating cash flow creating liquidity pressure.
Limited geographic diversification with revenue concentrated in one region.
Short operating history with evolving technology demands.
High employee attrition risk affecting stability.
Supply chain vulnerabilities due to reliance on third parties.
Exposure to risks from regulatory changes and government tender policies.
Earkart IPO Subscriptions Status
Earkart IPO subscribed 1.28 times. The public issue subscribed 0.35 times in the individual investors category, [.] times in QIB (Ex Anchor), and 1.63 times in the NII category by September 29, 2025 5:05:35 PM (Day 3).
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Rs Cr.) |
|---|---|---|---|---|
| Non-Institutional Buyers | 38.03 | 17,32,000 | 28,17,000 | 2.88 |
| Individual Investors (IND category bidding for 2 Lots) | 8.10 | 17,32,000 | 6,00,000 | 0.35 |
| Total | 59.66 | 34,64,000 | 44,19,000 | 3.23 |
| Market Maker | 1.00 | 1,85,000 | 1,85,000 | 2.5 |
Earkart IPO GMP
Earkart SME IPO last GMP is ₹0, last updated Sep 29th 2025 05:58 PM. With the price band of 135.00, Earkart SME IPO's estimated listing price is ₹135 (cap price + today's GMP).The expected percentage gain/loss per share is 0.00%.
Last updated 29 Sep, 2025 · Source: aggregated grey-market dealers
| Date | IPO Price | GMP | Sub2 Sauda | Est. Listing | Est. Profit | Updated |
|---|---|---|---|---|---|---|
| 29 Sep, 2025 | 135 | ₹0 | - | ₹135 (0.00%) | - | 29 Sep, 2025 |
| 28 Sep, 2025 | 135 | ₹0 | - | ₹135 (0.00%) | - | 28 Sep, 2025 |
| 27 Sep, 2025 | 135 | ₹0 | - | ₹135 (0.00%) | - | 27 Sep, 2025 |
| 26 Sep, 2025 | 135 | ₹0 | - | ₹135 (0.00%) | - | 26 Sep, 2025 |
| 25 Sep, 2025 | 135 | ₹0 | - | ₹135 (0.00%) | - | 25 Sep, 2025 |
| 24 Sep, 2025 | 135 | ₹0 | - | ₹135 (0.00%) | - | 24 Sep, 2025 |
| 23 Sep, 2025 | 135 | ₹0 | - | ₹135 (0.00%) | - | 23 Sep, 2025 |
Disclaimer: GMP is an unofficial signal from grey-market dealers and is not regulated by SEBI. Use it alongside subscription data and other research for informed decision-making.
How to Apply for Earkart IPO
Login to Your Trading App
Open Zerodha, Upstox, Groww, Angel One, or any brokerage app.
Go to IPO Section
Find Earkart IPO under the IPO section. Select it and enter your bid details — choose lot size and price (cut-off price recommended).
Enter UPI ID and Submit
Provide your UPI ID linked to your bank account and submit the application.
Approve Mandate on UPI App
Open your UPI app (Google Pay, PhonePe, Paytm, BHIM) and approve the IPO payment request.
Application Confirmed
Your funds will be blocked in your account until the IPO allotment process is completed.