
Earkart IPO GMP & Review: Should You Apply or Avoid?
Posted by : sachet | Tue Sep 23 2025

Click and Sign Up on Earkart IPO
Earkart’s IPO is open for bidding from 25th September 2025 to 29th September 2025. It is a book-building IPO of ₹49.26 crores, comprising an entirely fresh issue of ₹0.33 crores, and an offer for sale of 0.03 crore shares. The problem will be listed on BSE and SME on its tentative listing date, 3rd October 2025.
Earkart IPO Details
The Earkart IPO date is fixed between 25th September 2025 and 29th September 2025. The face value of Earkart’s IPO shares is ₹10 per share. And the IPO price is set at ₹135 per share.
Skyline Financial Services Private Limited is the registrar of the Earkart IPO and is responsible for managing the allotment process and initiating refunds. Check out the latest IPO details in the table below.
IPO Open Date | 25th September 2025 |
IPO Close Date | 29th September 2025 |
IPO Allotment Date | 30th September 2025 |
Refund Initiation | 1st October 2025 |
Issue Size | 36,49,000 shares(aggregating up to ₹49.26 Cr) |
Fresh Issue | 31,30,000 shares (aggregating up to ₹42.26 Cr) |
Offer for Sale | 3,34,000 shares of ₹10(aggregating up to ₹42.26 Cr) |
Face Value | ₹10 per share |
Lot Size | 1,600 shares |
Issue Price Final | ₹135 per share |
Issue Type | Bookbuilding IPO |
Listing At | BSE & SME |
Listing Date | 3rd October 2025 |
Earkart IPO Share Reservation
Earkart IPO is a book-building IPO of ₹49.26 crores, comprising an entirely fresh issue of 1.51 crore shares, which will be listed on the BSE and SME. Furthermore, SEBI has specified the share reservation criteria for different investor categories.
Investor Categories | Shares Offered | Shares Percentage |
Market Maker Shares Offered | 1,85,000 | 5.07% |
NII (HNI) Shares Offered | 17,32,000 | 47.47% |
Retail Shares Offered | 17,32,000 | 47.47% |
Total Shares Offered | 36,49,000 | 100.00% |
Earkart IPO GMP Grey Market Premium
GMP is the gap between the price band of the issue and the price at which company shares are currently trading in the grey market. Would you like to receive live updates on the Earkart IPO? If yes, then you’ve reached the right spot. Check the table below to learn about the GMP trends.
GMP Date | IPO Price | GMP | Estimated Listing Price | Estimated Listing Gains |
25-09-2025 | ₹- | ₹- | ₹- | ₹- |
24-09-2025 | ₹- | ₹- | ₹- | ₹- |
23-09-2025 | ₹135.00 | ₹0.00 | ₹135.00 | 0.00% |
22-09-2025 | ₹135.00 | ₹0.00 | ₹135.00 | 0.00% |
21-09-2025 | ₹135.00 | ₹0.00 | ₹135.00 | 0.00% |
20-09-2025 | ₹135.00 | ₹0.00 | ₹135.00 | 0.00% |
19-09-2025 | ₹135.00 | ₹0.00 | ₹135.00 | 0.00% |
As of 22nd September 2025, Earkart IPO GMP stands at ₹0 per share, indicating that the share is likely to list at ₹135 on its tentative listing date, 3rd October 2025.
GMP data is subject to change based on market trends and sentiments. Please verify the live GMP status before applying for the Earkart IPO GMP. Stay informed with Univest to know about real-time insights on IPOs and their GMP trends.
Earkart IPO GMP Review

Check out the detailed Earkart GMP IPO review for a thorough understanding of its potential to report listing gains on 1st October 2025. The Earkart IPO review below will help you invest effectively to avoid significant losses. Explore more to make informed investment decisions on this IPO.
Financial Health
Assess a company’s financial performance to know about its ability to sustain a competitive edge. Therefore, it is crucial to comprehend the business’s financial growth margins and declines before applying for the Earkart IPO.
Earkart Limited’s revenue increased by 35% from ₹31.97 crores in March 2024 to ₹43.19 crores in March 2025. Moreover, the company’s PAT rose by 125% from ₹3.06 crores to ₹6.88 crores.
Earkart Limited’s IPO has shown consistent revenue growth, indicating that the company is financially stable. Moreover, the brokers, investors, and RAs have a positive outlook for the Earkart IPO for its tentative listing day, 3rd October 2025.
Technical Analysis
Several technical indicators are available to assess a company’s potential to deliver returns. Use the parameters mentioned below to analyse the technical aspects of the Earkart IPO.
Key Indicators | Value |
PE Ratio (Price-to-Earnings) | 20.48 |
EPS (Earnings Per Share) | 6.59 |
RoNW | 34.55% |
ROCE | 47.32% |
ROE | 34.55% |
EBITDA Margin | 22.65% |
Price to Book Value | 7.08 |
Market Capitalisation | ₹185.68 Cr. |
The P/E ratio of Earkart Limited’s share is 20.48, and its Earnings Per Share (EPS) stands at 6.59. Thus, the Earkart Limited IPO can potentially deliver gains on its tentative listing date, 1st October 2025.
Note: The data, as mentioned above, is taken from authentic sources and highlights pre-issue information. The PE ratio and EPS of Earkart Limited are subject to change after the IPO. Refer to the table below for post-issue updates on these two metrics.
Earkart IPO Subscription Status
The Earkart IPO is scheduled to open for bidding on September 25, 2025. The subscription status for this IPO is yet to be announced. Stay informed on this passage to check the live Earkart IPO subscription status.
Investor Category | Shares Offered | Shares Percentage | Shares Subscribed | Subscription to the Times |
Market Maker Shares Offered | 1,85,000 | 5.07% | Yet to be announced | Yet to be announced |
NII (HNI) Shares Offered | 17,32,000 | 47.47% | Yet to be announced | Yet to be announced |
Retail Shares Offered | 17,32,000 | 47.47% | Yet to be announced | Yet to be announced |
Total Shares Offered | 36,49,000 | 100.00% | Yet to be announced | Yet to be announced |
About Earkart Limited

Earkart Limited is a HealthTech platform, specialising 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 the 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 the Ministry of Social Justice and Empowerment. In April 2024, the company launched the Shop in Shop (SIS) model, wherein it offers a franchise to opticians and ENT/optical clinics. As of 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, covering 4,500 square feet.
Earkart Limited Financials
The company’s financial analysis is essential before applying for the Earkart IPO. Refer to the table to learn about Earkart Limited’s financial information.
Year Ended | 31st March 2025 (in cr.) | 31st March 2024 (in cr.) | 31st March 2023 (in cr.) |
Assets | 30.29 | 19.25 | 14.73 |
Revenue | 43.19 | 31.97 | 28.97 |
Profit After Tax | 6.88 | 3.06 | 1.31 |
Net Worth | 19.92 | 13.03 | 6.56 |
EBITDA | 9.76 | 3.55 | 1.61 |
Reserve and Surplus | 9.48 | 12.97 | 6.49 |
Total Borrowing | 4.96 | 4.00 | 1.21 |
Explanation
Earkart Limited’s revenue increased by 35% from ₹31.97 crores in March 2024 to ₹43.19 crores in March 2025. Moreover, the company’s PAT rose by 125% from ₹3.06 crores to ₹6.88 crores.
Earkart IPO Bidding Requirements
Investors can bid for a minimum of 2,000 shares and in multiples of 1,000 thereof. The following table represents the minimum and maximum investments made by individual investors (retail) and HNIs in terms of shares and amounts.
Application | Lots | Shares | Amount |
Individual Investors (Retail) (Min) | 2 | 2,000 | ₹2,70,000 |
Individual Investors (Retail) (Max | 2 | 2,000 | ₹2,70,000 |
S-HNI (Min) | 3 | 3,000 | ₹4,05,000 |
Earkart’s IPO has reserved lot sizes for different investor categories. Look at the table below to see the requirements for applying for this IPO.
Use the lot size calculator to find how many shares you should apply for!
Earkart IPO Promoter Holding
Refer to the table below to review the holdings of Earkart Limited’s promoters: Sanjay Singhania, Ajay DD Singhania, Bajrang Bothra, Laxmi Pat Bothra and Nikhil Bothra.
Share Holding Pre-Issue | 48.75% |
Share Holding Post-Issue | 57.34% |
Note: The value will be calculated using Equity Dilution = Share Holding Pre-Issue – Share Holding Post-Issue.
Aim of the Earkart IPO
The primary aim of the Earkart IPO is to raise ₹49.26 crore. On the other hand, Earkart has decided to utilise these funds in different ways. Explore some of the secondary objectives for the Earkart IPO.
- To fund the incremental working capital requirements of our Company
- To fund capital expenditure requirements for setting up Shop in Shop (SIS) Business Model in ENT/Ophthalmic Clinics across India, and setting up of Infrastructure for operational activities
- To General Corporate Purposes
Should I Invest in the Earkart IPO?
Explore the pros and cons of Earkart to know whether you should apply or avoid the issue. These pros and cons may help you understand the IPO’s efficiency in generating profits in the coming decades.
Pros of Earkart IPO
- The company has various types of hearing aids products
- The company has multi channel products distributuions networks
- The comoany has continued on innovations and technology
Cons of Earkart IPO
- SME IPOs generally have disclosure and regulatory requirements compoanperd to mainboeard listings.
- Thr company fcing the challenges in Hearings ads and market
- Trh company risks in the related rto the frsh issue included the offer for sale and lot size
How to Apply for the Earkart IPO?

Please follow the steps outlined below to apply for a position at Earkart Limited.
- Step 1: Conduct thorough research on the Earkart IPO, including GMP, subscription status, issue size, lot size, and other relevant details.
- Step 2: Open a demat account on Univest to learn about real-time insights on GMP and subscription status. You can also use your previous demat account by navigating to the IPO section.
- Step 3: Place a bid for two lots of 2,000 shares, valued at ₹2,70,000.
- Step 4: You will receive a mandate request after making a bid. Approve the request to proceed further.
Note: You can apply for the Earkart IPO from more than one demat account to increase your chances of allotment.
How to Check Earkart IPO Allotment Status?
You can check whether the Earkart IPO allotment has been completed in different ways. These include NSE and the registrar portal. Look at the steps mentioned below to check your allotment status online.
Check On BSE
- Visit the BSE Official Website.
- Navigate to the IPO Allotment Section.
- Select Equity as the issue type.
- Choose the Earkart IPO.
- Choose whether to proceed with the PAN number or the application number.
- Submit your details to get the allotment status online.
Check On the Registrar Portal
- Visit the registrar portal.
- Click on the allotment option.
- Fill in the required details.
- Click on the submit button to know your Earkart IPO allotment status.
Let’s Wrap
Earkart’s IPO is a fresh issue of shares worth ₹23.81 crores. The shares of Earkart Limited will be listed on BSE and SME on its tentative listing date of 3rd October 2025. Researching the Earkart IPO GMP and reviews is highly suggested to book your ideal profitability. Brokers and investors have highlighted their pros and cons, so one must analyse them and decide accordingly.
Open a demat account on Univest now to initiate your investment journey!
FAQs on Earkart IPO
How is the Earkart IPO?
Ans. Currently, on 23rd September 2025, the Earkart IPO GMP (Grey Market Premium) stands at ₹0. It indicates that the estimated listing price could be ₹135.00 per share. It is a book-building IPO of ₹49.26 crores, comprising an entirely fresh issue of 0.33 crore shares and an offer for sale of 0.03 crore shares. The face value of each share of Earkart Limited is ₹10 per share.
What is the IPO price of Earkart?
Ans. Retail investors can apply for a minimum of 2 lots, each consisting of 2,400 shares, worth ₹2,70,000. Moreover, HNIs are required to bid for a minimum of 3 lots (3,000 shares) worth ₹4,05,000.
Is the Earkart IPO a good investment?
Ans. Earkart Limited’s revenue increased by 35% from ₹31.97 crores in March 2024 to ₹43.19 crores in March 2025. Moreover, the company’s PAT rose by 125% from ₹3.06 crores to ₹6.88 crores.
Who is the registrar of the Earkart IPO?
Ans. Skyline Financial Services Private Limited is the registrar of the Earkart IPO, responsible for managing the allotment procedure and initiating refunds. For any queries regarding the Earkart allotment and refund, you can contact Skyline Financial Services Limited at ipo@skylinerta.com or 02228511022.
What is the issue size of the Earkart IPO?
Ans. Earkart’s IPO is a book-building IPO of ₹49.26 crores, comprising an entirely fresh issue of 0.33 crore shares. Moreover, the IPO is set to open on 25th September 2025 and will be closed on 29th September 2025.
Disclaimer: The above information is compiled from authentic sources and is just for informational purposes. To have detailed information about the Earkart IPO, download the Earkart IPO RHP and the Earkart IPO DRHP. Conduct your research before investing in IPOs to avoid significant losses. You can also consult your financial advisor.
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