Earkart Ltd IPO — GMP, Details & Subscription

IPO Details

Open Date

25 Sep 2025

Close Date

29 Sep 2025

Allotment

30 Sep 2025

Listing Date

03 Oct 2025

Exchange

BSE SME

Price Band

₹135

Listing Price

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Allotment Status

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Price Band

₹135

Per share

Face Value

₹10 per share

Lot Size

1,000 Shares

per lot

Issue Size

36,49,000 shares (aggregating up to ₹49.26 Cr)

Total offering

Issue Type

Fixed Price IPO

Min Investment

₹135,000

1 lot

Pre-IPO Holding

1,04,38,932 shares

Promoters

Post-IPO Holding

1,37,53,932 shares

Promoters

P/E (Pre)

20.48x

P/E (Post)

26.98x

EPS (Pre)

₹6.59

EPS (Post)

₹5.00

UPI Deadline

2025-09-29

Mandate

Anchor AllotmentWed, 24 Sep 2025

Basis of AllotmentTue, 30 Sep 2025

Refund InitiationWed, 01 Oct 2025

Demat CreditWed, 01 Oct 2025

Listing DayFri, 03 Oct 2025

UPI Mandate Deadline2025-09-29

Sale TypeFresh Capital-cum-Offer for Sale

Net Offer to Public34,64,000 shares (aggregating up to ₹46.76 Cr)

Market Maker Quota1,85,000 shares (aggregating up to ₹2.50 Cr)

Fresh Issue Shares31,30,000 shares (aggregating up to ₹42.26 Cr)

Offer for Sale3,34,000 shares of ₹10 (aggregating up to ₹4.51 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Earkart Ltd IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 29 Sep 2025.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	185,000	—	₹2.50
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	3,649,000	100%	₹49.26

IPO Shares Offered

Earkart Ltd IPO total issue size: ₹49.26 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	185,000	₹2.50	5.07%
Total	3,649,000	₹49.26	100.00%

* Based on upper price band ₹135 per share

Lot Size & Investment

Lot Size

1,000

Shares per Lot

Issue Price

₹135.00

Upper Band

Min Investment

₹135,000

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	2,000	₹270,000
Retail (Max — 13 Lots)	13	13,000	₹1,755,000
S-HNI (Min — 14 Lots)	14	14,000	₹1,890,000
B-HNI (Min — 68 Lots)	68	68,000	₹9,180,000

* Issue Price ₹135 × Lot Size 1,000 shares

IPO Schedule

Anchor

24 Sep 2025

✓ Done

IPO Open

25 Sep 2025

✓ Done

IPO Close

29 Sep 2025

✓ Done

Allotment

30 Sep 2025

✓ Done

Refunds

01 Oct 2025

✓ Done

Demat Credit

01 Oct 2025

✓ Done

Listing Day

03 Oct 2025

✓ Done

₹135.00

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Issue ₹135.00 Live Price

About Earkart Ltd

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 feetCompetitive Strengths:Various types of hearing aids productsMulti-channel product distribution network: Online, offline, and B2G salesContinued focus on innovation and technology

Objects of the Issue

Funding incremental working capital requirements of our Company

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

General Corporate Purposes

Earkart Ltd Financials (Amount in ₹ Crore)

Revenue from Operations

₹29.0

31 Mar 2023

₹32.0

31 Mar 2024

₹43.2

31 Mar 2025

Profit After Tax (PAT)

₹1.3

31 Mar 2023

₹3.1

31 Mar 2024

₹6.9

31 Mar 2025

Particulars	31 Mar 2025	31 Mar 2024	31 Mar 2023
Revenue from Operations	43.19	31.97	28.97
EBITDA	9.76	3.55	1.61
Profit After Tax (PAT)	6.88	3.06	1.31
Net Worth	19.92	13.03	6.56
Total Assets	30.29	19.25	14.73
Reserves & Surplus	9.48	12.97	6.49
Borrowings	4.96	4.00	1.21
EBITDA Margin (%)	22.65%	—	—
PAT Margin (%)	15.93%	—	—

P/BV Ratio

7.08

RoE

34.55%

RoCE

47.32%

RoNW

34.55%

PAT Margin

15.93%

EBITDA Margin

22.65%

Debt/Equity

0.26

Issue Structure & Shareholding

Total Shares Offered36,49,000 (100.00%)

Net Offer to Public34,64,000 shares (aggregating up to ₹46.76 Cr)

Reserved for Market Maker1,85,000 shares (aggregating up to ₹2.50 Cr)

Pre-Issue Promoter Holding1,04,38,932 shares

Post-Issue Promoter Holding1,37,53,932 shares

P/BV Ratio7.08

RoE34.55%

RoCE47.32%

Debt / Equity0.26

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

Skyline Financial Services Pvt.Ltd

02228511022

ipo@skylinerta.com

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

Check Allotment

Book Running Lead Managers

Sarthi Capital Advisors Pvt.Ltd

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Earkart Ltd IPO subscribed? ▲

Earkart Ltd IPO is subscribed 1.00 times by Sep 29, 2025. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Earkart Ltd IPO retail subscription status? ▼

The Earkart Ltd IPO retail category is subscribed 1.00 times as of 29 Sep 2025. The retail portion is oversubscribed.

How to subscribe Earkart Ltd IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 25 Sep 2025 and closes 29 Sep 2025. Min investment: ₹135,000 (1 lot = 1,000 shares). UPI mandate: 2025-09-29.

How many times Earkart Ltd IPO subscribed? ▼

The Earkart Ltd IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Earkart Ltd IPO allotment? ▼

Check allotment on the registrar website (Skyline Financial Services Pvt.Ltd) at https://www.skylinerta.com/ipo.php. Enter your PAN, application number or DP/Client ID. Allotment date: 30 Sep 2025. Refunds: on 01 Oct 2025.

When Earkart Ltd IPO will be listed? ▼

The Earkart Ltd IPO listing date is 03 Oct 2025, Friday. Listed on: BSE SME. Issue price: ₹135. Estimated listing: ₹135. GMP: NIL.

When Earkart Ltd IPO close? ▼

The Earkart Ltd IPO closes on 29 Sep 2025, Monday. UPI mandate: 2025-09-29. Allotment: 30 Sep 2025. Listing: 03 Oct 2025.

Quick Actions

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Live Price LIVE

Last Price₹135.00

Change—

Issue Price₹135.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹135

Face Value₹10

Lot Size1,000 Sh

Min. Amount₹135,000

GMPNIL

Est. Listing₹135

Subscribed1.00x

Open Date25 Sep 2025

Close Date29 Sep 2025

Allotment30 Sep 2025

Listing Date03 Oct 2025

ExchangeBSE SME

UPI Deadline2025-09-29