Earkart Ltd IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII (HNI) | — | 1,732,000 (47%) | — | ₹2,338 Cr |
| Retail | — | 1,732,000 (47%) | — | ₹2,338 Cr |
| Market Maker | — | 185,000 (5%) | — | ₹25 Cr |
| Σ Total | — | 3,649,000 (100%) | — | ₹49,262 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,000 | ₹135,000 |
| Retail (Max) | 13 | 13,000 | ₹1,755,000 |
| S-HNI (Min) | 14 | 14,000 | ₹1,890,000 |
| B-HNI (Min) | 67 | 67,000 | ₹9,045,000 |
Financial Statements Amount in ₹ Crore
| Metric | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Revenue | 43 | 32 | 29 |
| EBITDA | 10 | 4 | 2 |
| Profit After Tax | 7 | 3 | 1 |
| Net Worth | 20 | 13 | 7 |
| Total Assets | 30 | 19 | 15 |
| Reserves & Surplus | 9 | 13 | 6 |
| Total Borrowing | 5 | 4 | 1 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 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 Purposes – 0.63
Company Overview
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
Competitive Strengths:
- Various types of hearing aids products
- Multi-channel product distribution network: Online, offline, and B2G sales
- Continued focus on innovation and technology