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
| Category | Shares Offered* | Total Amt* (₹ Cr.) |
|---|---|---|
|
Anchor
|
185,000 | ₹2.500 |
|
NII
|
1,732,000 | ₹23.380 |
|
Retail
|
1,732,000 | ₹23.380 |
| Total ** | 3,649,000 | ₹49.260 |
| 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 |
| S-HNI (Max — 66 Lots) | 66 | 66,000 | ₹8,910,000 |
| B-HNI (Min — 67 Lots) | 67 | 67,000 | ₹9,045,000 |
| Category | QIB | NII | Retail | Total | ||||
|---|---|---|---|---|---|---|---|---|
| Ex. Anchor | Anchor Investor | Total QIB | Below ₹10L | Above ₹10L | Total NII | |||
| Allocation (No. of shares) | — | — | — | — | — | 1,732,000 | 1,732,000 | 3,464,000 |
| Allotment price (Rs.) | 135 | 135 | 135 | 135 | 135 | 135 | 135 | 135 |
| No. of applications | — | — | — | — | — | — | — | — |
| No. of shares applied | — | — | — | — | — | — | — | — |
| Amount collected (Rs.cr.) | — | 2.50 | — | — | — | 23.38 | 23.38 | 46.76 |
| No. of times subscribed | — | — | — | — | — | — | — | — |
| No. of shares allotted | — | — | — | — | — | 1,732,000 | 1,732,000 | 3,464,000 |
| Amount (Rs.cr.) | — | 2.50 | — | — | — | 23.38 | 23.38 | 46.76 |
| No. of allottees | — | — | — | — | — | — | — | — |
| Category | Shares Offered | Amt (₹ Cr) | Size (%) |
|---|---|---|---|
| Anchor / Market Maker | 185,000 | ₹2.50 |
5.07%
|
| NII / HNI | 1,732,000 | ₹23.38 |
47.47%
|
| Retail (RII) | 1,732,000 | ₹23.38 |
47.47%
|
| Total | 3,649,000 | ₹49.26 |
100.00%
|
| 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 |
| Total Borrowings | 4.96 | 4.00 | 1.21 |
| EBITDA Margin (%) | 22.65% | — | — |
| PAT Margin (%) | 15.93% | — | — |
Earkart Ltd proposes to utilize the net proceeds raised through this IPO for the following objects as stated in the Draft Red Herring Prospectus (DRHP) filed with SEBI: