25 September 2025
3 mins read
Earkart Limited, a HealthTech company, operates in the niche segment of hearing aids and assistive devices. The company offers a wide portfolio of modern hearing solutions such as Receiver-In-Canal (RIC), Invisible (IIC), Behind-The-Ear (BTE), In-The-Ear (ITE), In-The-Canal (ITC), and Completely-In-Canal (CIC) devices. Alongside hearing aids, it also distributes products like adjustable foldable walkers and Multi-Sensory Integrated Educational Development (MSIED) and Teaching Learning Material (TLM) aimed at supporting physically challenged individuals. With its network of partners and clinics in India and abroad, Earkart has steadily built its presence in both consumer and government segments.
The company is also a registered supplier on the Government e-Marketplace (GeM), providing hearing aids to ALIMCO under the Ministry of Social Justice and Empowerment. In April 2024, it introduced a Shop in Shop (SIS) model, partnering with opticians and ENT/optical clinics to widen its reach. Currently, Earkart operates 49 SIS clinics across 22 cities in multiple states and Union Territories. Its 4,500 sq. ft. Noida facility underpins its manufacturing capabilities. With strengths in diverse product offerings, multi-channel distribution, and a focus on technology-driven innovation, the upcoming IPO offers an opportunity for investors to evaluate the company’s role in a steadily expanding sector.
For more details, visit the Earkart IPO page.
Details | Information |
IPO Date | September 25, 2025 to September 29, 2025 |
Issue Size | 36,49,000 shares (aggregating up to ₹49.26 Cr) |
Price Band | ₹135 per share |
Lot Size | 1000 shares |
Listing At | SME BSE |
Market Maker | Rikhav Securities Ltd. |
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
Event | Date |
|---|---|
IPO Open Date | Thu, Sep 25, 2025 |
IPO Close Date | Mon, Sep 29, 2025 |
Tentative Allotment | Tue, Sep 30, 2025 |
Initiation of Refunds | Wed, Oct 1, 2025 |
Credit of Shares to Demat | Wed, Oct 1, 2025 |
Tentative Listing Date | Fri, Oct 3, 2025 |
Cut-off time for UPI mandate confirmation | 5 PM on Mon, Sep 29, 2025 |
₹135 per share
Application | Lots | Shares | Amount |
Individual investors (Retail) (Min) | 2 | 2,000 | ₹2,70,000 |
Individual investors (Retail) (Max) | 2 | 2,000 | ₹2,70,000 |
HNI (Min) | 3 | 3,000 | ₹4,05,000 |
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Select Earkart IPO
Find "Earkart IPO" and click on the ‘Apply’ button.
Enter Application Details
Specify the number of lots (minimum lot size: 1000 shares) and the bid price within the range of ₹135 per share.
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Additional Read- How to Apply for the Earkart IPO?
Total Assets: Grew from ₹14.73 crore in FY23 to ₹30.29 crore as of March 2025.
Total income: Reached ₹43.19 crore in FY25.
Profit After Tax (PAT): Stood at ₹6.88 crore for March 2025.
Net Worth: Recorded at ₹19.92 crore in FY25.
Reserves and Surplus: Recorded at ₹4.96 crore (March 2025), growing steadily over the years.
EBITDA: Stood at ₹9.76 crore in March 2025.
The company has demonstrated consistent growth in its asset base, reflecting its ability to scale operations over recent years.
Revenues have expanded steadily, indicating strong demand for its products and services across different market segments.
Profitability has improved, showing efficient cost management and a healthy financial structure.
The company’s net worth has strengthened, highlighting improved shareholder value and financial resilience.
Reserves and surplus have grown steadily, providing a solid foundation for future expansion and investment.
Operating performance has shown stability, supported by robust earnings before interest, tax, depreciation, and amortisation.
The company operates in a specialised segment, which may face challenges from technological shifts, evolving consumer preferences, or competition from established global players.
Expansion plans such as the Shop in Shop (SIS) model require continuous investment and execution efficiency, and any delays or disruptions could affect growth.
The company has a diverse product portfolio, a multi-channel distribution system, and government partnerships, creating avenues for long-term market presence.
Growing awareness about hearing health and increasing demand for assistive devices position the company to expand its reach in both domestic and international markets.
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 |
Registrar | Lead Manager(s) |
|---|---|
Skyline Financial Services Pvt.Ltd. | Sarthi Capital Advisors Pvt.Ltd. |
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/
The Earkart IPO brings forward the company’s journey in the HealthTech sector, where it has established a presence in hearing aids, assistive devices, and allied products. Its business approach combines product variety, government partnerships, and a multi-channel distribution system that connects with both consumer and institutional markets.
With recent initiatives like the Shop in Shop model and a steady operational footprint, the IPO aims to support working capital, infrastructure expansion, and broader business objectives outlined in its filing.
Interested in more opportunities? Check out our Upcoming IPO section for new listings, and don’t forget to check your IPO allotment status for Earkart IPO.
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Earkart Ltd. is led by Mr. Rohit Misra, who serves as the Chief Executive Officer (CEO). He is also the company's founder and has a background as the former Managing Director of Starkey India, bringing extensive experience in the hearing healthcare industry.
The Earkart IPO opened for subscription on September 25, 2025, and will close on September 29, 2025.
Earkart Ltd. specializes in providing hearing aids and assistive devices, including various models such as RIC, IIC, BTE, ITE, ITC, and CIC. The company also offers products like adjustable foldable walkers and educational materials for individuals with physical challenges. Earkart operates through a network of partners and clinics both domestically and internationally, and is a registered supplier on the Government e-Marketplace (GeM). The company's business model focuses on accessibility and affordability in hearing healthcare, which may contribute to its sustainability in the long term.
The Earkart IPO aims to raise up to ₹49.26 crore through the issuance of 36,49,000 equity shares at a fixed price of ₹135 per share.
'Pre-apply' refers to the process where investors can express their intent to apply for the IPO before the official subscription period begins. This allows investors to prepare their applications in advance, ensuring timely submission once the IPO opens for subscription.
Investors can check the status of their IPO application after the allotment process is completed. The allotment date for the Earkart IPO is September 30, 2025.
The Earkart IPO has a minimum order quantity of 2,000 shares, with a lot size of 1,000 shares.
The allotment date for the Earkart IPO is September 30, 202.
The registrar for the Earkart IPO is Skyline Financial Services Pvt. Ltd.
Based on the available information, there are no publicly disclosed governance issues or red flags concerning Earkart Ltd.'s leadership or board structure. The company's leadership includes experienced professionals, with Mr. Rohit Misra serving as the CEO and founder, and Mr. Ajay Kumar Giri as the Executive Director
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