Earkart Limited IPO
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Earkart Limited IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 36.49 L | ₹ 3.34 L | TBA | ₹ 82.21 L | DBC | TBA |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 25 Sep, 25 | 29 Sep, 25 | 2000 | ₹ 2,70,000 | Fixed Price - SME | 03 Oct, 25 |
Earkart Limited IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Electronics - Consumer |
| Sub Sector | NA |
| Issue Type | Fixed Price - SME |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 0x | 0 | 0 |
| NII | 0x | 0 | 0 |
| Retail | 0x | 0 | 0 |
| Employee | 0x | 0 | 0 |
| Total | 0x | 3649000 | 0 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Earkart Limited Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 3.43 | 1.60 | 0.17 |
| EBITDA | 3.62 | 1.75 | 0.23 |
| PAT | 3.06 | 1.31 | 0.11 |
| Total Assets | 16.95 | 13.54 | 4.20 |
| Share Capital | 0.07 | 0.07 | 0.07 |
| Total Borrowings | 7.02 | 3.98 | 1.76 |
| Operating Activities (Net Cash) | 3.25 | 1.46 | 0.17 |
| Investing Activities (Net Cash) | 0.19 | 0.10 | 1.46 |
| Financing Activities (Net Cash) | 7.02 | 3.98 | 1.76 |
| Net Cashflow | 1.38 | 0.58 | 0.07 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
About Earkart Limited
Our Company was originally formed as a Private Limited Company in the name and style of Earkart Private Limited under the provisions of the Companies Act, 2013 on April 14, 2021 vide Certificate of Incorporation issued by Registrar of Companies, Kanpur bearing CIN: U74999UP2021PTC145093. Subsequently, our Company was converted into a Public Limited Company under the Companies Act, 2013 pursuant to a special resolution passed by the shareholders of our Company on November 27, 2024 and the name was changed to Earkart Limited pursuant to a fresh Certificate of Incorporation dated December 18, 2024 issued by the Registrar of Companies, Central Processing Centre, bearing CIN: U74999DL2021PLC399313.
Hearing loss occurs when there is a problem in the hearing system and is defined by WHO as the inability to hear sounds below 35 decibels in the better ear. About 80% of people with disabling hearing loss live in low and middleincome countries, and risk increases with age, especially after 60. There are three main types: conductive (outer/middle ear issues), sensorineural (inner ear or nerve damage), and mixed (a combination of both). Causes include infections, injury, noise exposure, and aging. Hearing aids, which amplify sound using a microphone, amplifier, and speaker, help people hear better in various environments.
We Manufacture and distribute modern hearing aids and related accessories at affordable price across India. Along with our own manufactured hearing aid, we also trade in hearing aid, parts and accessories of other brands manufactured in India and abroad. In addition, we offer other products like adjustable foldable walkers and Multi-Sensory Integrated Educational Development (MSIED) and Teaching Learning Material (TLM) kits to support mobility and daily needs of physically challenged. Our mission is to make quality hearing care more accessible. We've developed a smart and easy-to-use Remote Audiometry Machine (OMNI) that allows people to get tested and fitted for hearing aids from anywhere in the world. By combining advanced technology with a strong focus on customer needs, we aim to improve hearing care across India.
Peer Comparison:
- OSEL Devices Limited
Earkart Limited IPO Key Points
Strengths
- We have diversified client base ranging from government, to, clinics, retailers and doctors.
- Established and proven track record.
- Leveraging the experience of our Promoter.
- Experienced management team and a motivated Employees.
- Cordial relations with our client.
Risk
- Our revenue from sale of products derived from government institutions accounted for 69.32%, 75.85% and 86.56% for the Fiscal 2025, Fiscal 2024 and Fiscal 2023 respectively. A failure to secure similar government contracts or orders in the future could adversely impact our business, operating results, and financial condition.
- We are subject to complex laws and governmental regulations governing our products and our business operations, compliance with these laws and regulations requires time and cost, and any adverse regulatory action may adversely affect our financial condition, cash flows and business operations.
- We face risks relating to sourcing of raw materials and components for manufacturing of our hearing aids and related devices from third parties.
Strategy
- Geographical Expansion.
- Marketing Initiative.
- Continued Focus on Innovation and Technology.
- We have diversified client base ranging from government, to, clinics, retailers and doctors.
- Established and proven track record.
- Leveraging the experience of our Promoter.
- Experienced management team and a motivated Employees.
- Cordial relations with our client.
How To Apply for Earkart Limited IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
From the list of open IPOs, select the IPO you want to invest.
Step 3:
Go through the IPO details like lot size, price band, about the company, etc.
Step 4:
Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.
Step 5:
Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.
