The Earkart Limited is scheduled to open for subscription on September 25, 2025, and will close on September 29, 2025. The allotment will be finalized on September 30, 2025, and the shares are expected to list on the BSE and SME on October 3, 2025. This SME IPO is attracting investors due to the company’s strong financial growth and an attractive price band of ₹135 Per Share.
Here’s a complete guide covering IPO details, dates, promoters, financials, strengths, risks, and how to apply.
Earkart Limited IPO Details
| Particulars | Details |
| IPO Open Date | 25/09/2025 |
| IPO Close Date | 29/09/2025 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹135 Per Share |
| Issue Size | Approx ₹49.26Crores |
| Fresh Issue | Approx ₹44.75 Crores |
| Offer for Sale | Approx 3,34,000 Equity Shares |
| Issue Type | Fixed Price Issue |
| IPO Listing | BSE, SME |
| RHP Draft Prospectus | Download |
| DRHP Draft Prospectus | Download |
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Earkart Limited IPO Market Lot
The minimum market lot for Earkart Limited IPO is 2000 shares, with a total application amount of ₹2,70,000.
| Application | 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 |
Earkart Limited IPO Reservation
| Investor Category | Share Offered | % Shares |
| Market Maker Shares Offered | 1,85,000 Shares | 5.07% |
| NII Shares Offered | 17,32,000 Shares | 47.47% |
| Retail Shares Offered | 17,32,000 Shares | 47.47% |
Earkart Limited IPO Timeline
The Earkart Limited opens on September 25, 2025, and closes on September 29, 2025. The allotment will be finalized on September 30, 2025, with the shares list on October 3, 2025.
| Event | Date |
|---|---|
| IPO Open Date | September 25, 2025 |
| IPO Close Date | September 29, 2025 |
| Basis of Allotment | September 30, 2025 |
| Refunds Initiation | October 1, 2025 |
| Credit to Demat Account | October 1, 2025 |
| IPO Listing Date | October 3, 2025 |
| IPO Bidding Cut-off Time | September 29, 2025 – 5:00 PM |
Promaters and Holding Pattern
The promoters of Earkart Limited are Rohit Misra and Monika Misra. who is responsible for guiding the company’s strategic growth and operational decisions.
| Particular | Shares | % Share |
| Promoter Holding Pre Issue | 1,04,38,932 | 78.75% |
| Promoter Holding Post Issue | 1,37,53,932 | 57.34% |
Objects of the Issue & Utilisation of proceeds
| Purpose | Crores |
| Funding incremental working capital requirements of our Company | 21.10 |
| 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 | 17.33 |
| General Corporate Purpose | – |
Company Financial
Amount ₹ in Crores
| Period Ended | March-2025 | March-2024 | March-2023 |
| Assets | 30.29 | 19.25 | 14.73 |
| Revenue | 43.19 | 31.97 | 28.97 |
| Net Worth | 19.92 | 13.03 | 6.56 |
| profit After Tax | 6.88 | 3.06 | 1.31 |
| Reserves And Surpluse | 9.48 | 12.97 | 6.49 |
| Total Borrowing | 4.96 | 4 | 1.21 |
Earkart Limited IPO Valuation
Check Earkart Limited IPO valuation details, including Price/Earnings P/E Ratio, Earnings Per Share (EPS), Return on Net Worth (RoNW), and Net Asset Value (NAV).
| KPI | March-2025 | March-2024 | March-2023 |
| EPS | 6.59 | 2.03 | 0.87 |
| ROE | 34.55 | 23.46 | 19.99 |
| ROCE | 47.32 | 27.44 | 23.00 |
| RONW | 0 | 0 | |
| PRE IPO(PE) | 20.48 | 0 | 0 |
| POST IPO(PE) | 26.98 | 0 | 0 |
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About company
Earkart is a hearing healthcare solutions company that makes hearing aids and other assistive devices under brands like EQFY, Fame, and Radius. It also distributes accessories such as foldable walkers and educational material for physically challenged people.
The firm operates through multiple channels including government supplies (via GeM and ALIMCO), online sales, and a Shop-in-Shop (SIS) model inside ENT/optical clinics. As of 2024, it has about 49 SIS clinics across 22 cities in six states and two union territories
Earkart Limited IPO Strength Factors
- Growing sector: Demand for hearing aids and assistive devices is increasing, especially in Tier 2 & 3 cities.
- Multi-channel presence: Government supply, store-in-store (SIS), clinics, online—helps reach more customers.
- Innovative models: Shop‐in‐Shop network in ENT/optical clinics enhances distribution.
- Good financial growth: Revenue and profit increasing, showing operational efficiency.
- Affordable pricing: Fixed price IPO, product range targeted to be affordable.
Earkart Limited IPO Risk Factors
- High minimum investment: Lot of 1,000 shares at ₹135 means a relatively high ticket size for small retail investors.
- Competition: Hearing healthcare tech is competitive; maintaining product innovation is vital.
- Dependence on government contracts: Supply through GeM and ALIMCO involves regulatory risk and tender dynamics.
- Execution & scaling risk: Expanding Shop-in-Shop network, production, and infrastructure may face challenges.
- Grey market premium low: GMP shows muted expectations, could indicate modest listing gains.
Lead Manager
- Sarthi Capital Advisors Pvt.Ltd.
Company Details
- Name:- Earkart Limited
- Email:- cs@earkart.in
- Phone:- 0120-4102857
- Website:- https://www.earkart.in/
- Address:- Shop No. 8-P, Street No. 6, Vasundhara Enclave, East Delhi, New Delhi, 110096
IPO Registrar
- Name:- Skyline Financial Services Private Ltd
- Email:- ipo@skylinerta.com
- Phone:- 02228511022
- Website:- https://www.skylinerta.com/ipo.php
Disclemer
IPO Sevak (iposevak.com) is not a SEBI-registered advisor. This content is for informational purposes only and should not be considered as investment advice. Please consult a licensed financial advisor before investing.
FAQs
1. When does the Earkart Limited IPO open and close?
Ans:- The IPO opens on September 25, 2025, and closes on September 29, 2025.
2. What is the price band for the Earkart Limited IPO?
Ans:- The price band is ₹135 Per Share.
3. What is the minimum lot size and investment amount?
Ans:- The minimum market lot is 2000 shares, requiring an investment of ₹2,70,000.
4. Who are the promoters of the Earkart Limited?
Ans:- The promoters are Rohit Misra and Monika Misra.
5. When will the allotment be finalized?
Ans:- The allotment will be finalized on September 30, 2025.
6. When will the Earkart Limited IPO list on the stock exchange?
Ans:- The shares are expected to list on the BSE, SME on October 3, 2025.