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 sells products through a network of partners and clinics, both domestically and globally. It is also a trusted Government e-Market (GeM) supplier of hearing aids to ALIMCO under Ministry of Social Justice and Empowerment.
In April 2024, the company has launched Shop in Shop (SIS) model, wherein it offers franchise to opticians and ENT/optical clinics. As on date, the company operates 49 SIS clinics across 22 cities in 6 states and 2 Union Territories, i.e., Haryana, Uttar Pradesh, Rajasthan, Punjab, Jharkhand, Delhi, Uttarakhand, and Chandigarh.
Its manufacturing facility is located in Noida, across 4,500 square feet.
Earkart IPO – Details
| IPO Opening Date | 25 September 2025 |
| IPO Closing Date | 29 September 2025 |
| Issue Type | Fixed Price IPO |
| Issue Size | Total Issue: 36,49,000 Shares Worth ₹49.26 Crore Fresh Issue: 33,15,000 Shares Worth ₹44.75 Crore Offer For Sale: 3,34,000 Shares Worth ₹4.51 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹135 per share |
| Market Lot | 1,000 Shares |
| Min Order | 1,000 Shares [ 1 Lot ] |
| Listing At | BSE SME |
| Registrar | Skyline Financial Services Pvt.Ltd. |
| NII Shares Offered | 50% |
| Retail Shares Offered | 50% |
Earkart IPO – Date Schedule
| IPO Open Date | 25 September 2025 |
| IPO Close Date | 29 September 2025 |
| Basis of Allotment | 30 September 2025 |
| Initiation of Refund | 01 Ocotber 2025 |
| Credit of Shares to Demat | 01 Ocotber 2025 |
| IPO Listing Date | 03 Ocotber 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 29, 2025 |
Earkart IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 2,000 | ₹2,70,000 |
| Retail (Max) | 2 | 2,000 | ₹2,70,000 |
| HNI (Min) | 3 | 3,000 | ₹4,05,000 |
Competitive Strengths
- Various types of hearing aids products.
- Multi-channel product distribution network: Online, offline, and B2G sales.
- Continued focus on innovation and technology.
Company Promoters
- Rohit Misra
- Monika Misra
Company Financials
| Period | Total Revenue | Total Expense | Profit After Tax | Total Borrowings |
|---|---|---|---|---|
| 31 March 2023 | ₹28.97 Cr | ₹27.51 Cr | ₹1.31 Cr | ₹1.21 Cr |
| 31 March 2024 | ₹31.97 Cr | ₹28.72 Cr | ₹3.06 Cr | ₹4.00 Cr |
| 31 March 2025 | ₹43.19 Cr | ₹34.18 Cr | ₹6.88 Cr | ₹4.96 Cr |
Key Performance Indicator
| KPI | Values |
|---|---|
| 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 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 6.59 | 5.00 |
| P/E (x) | 20.48 | 26.98 |
Object Of The Issue
| Objects of the Issue | Expected Amount (in Crore) |
|---|---|
| Funding incremental working capital requirements of the 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 Purposes | ₹ 0.63 |
✅Strengths
- Wide product portfolio – peanuts, sesame, spices, pulses, oilseeds.
- Strong domestic presence across multiple states.
- Established export markets in Asia, Middle East, and Europe.
- Consistent revenue and profit growth FY23–FY25.
- High RoNW and ROCE showing financial efficiency.
⚠️Risks
- High working capital requirements.
- Commodity price fluctuations impact margins.
- Dependence on export markets; forex & trade policy risks.
- Seasonal and climate dependency of agri products.
- Highly competitive and fragmented industry.
- High debt levels, raising financial risk.
Earkart IPO Promoter Holding
| Pre Issue Share Holding | 78.75% |
| Post Issue Share Holding | 57.34% |
Earkart IPO Prospectus
Company Contact Information
| 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/ |
Earkart IPO Registrar
| Skyline Financial Services Pvt.Ltd. Phone: 02228511022 Email: ipo@skylinerta.com Website: https://www.skylinerta.com/ipo.php |
Earkart IPO Lead Manager(s)
| 1. Sarthi Capital Advisors Pvt.Ltd. |
Earkart IPO FAQ
| What is Earkart IPO? Earkart IPO is an SME IPO. The issue is priced at ₹135 per equity share. The IPO is to be listed on BSE SME. |
| When Gujarat Peanut IPO will open? The IPO is to open on 25 September 2025 for NII, and Retail Investors. |
| What is Earkart IPO Investors Portion? The investors’ portion for NII – 50%, and Retail – 50%. |
| What is the Earkart IPO Size? Earkart IPO size is ₹49.26 Crore. |
| What is Earkart IPO Minimum and Maximum Lot Size for Retail? The minimum bid is 2,000 Shares with ₹2,70,000 amount, while the maximum bid is 2,000 Shares with ₹2,70,000. |
| What is the Earkart IPO Allotment Date? Earkart IPO allotment date is 30 September 2025. |
| What is the Earkart IPO Listing Date? Earkart IPO listing date is 03 October 2025. The IPO is to be listed on the BSE SME. |
