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Earkart IPO

SME

Open Date

25 Sep 2025

Close Date

29 Sep 2025

Min Investment

₹ 2,70,000

Lot Size

1,000

Issue Size

₹ 49.26 Cr

Price Range

₹ 135 - ₹ 135

Subscribed

1.14 x
status

This IPO is now Live.

Click here for live price
IPO Timeline
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IPO Offer Start
25 Sep 2025
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IPO Offer Ends
29 Sep 2025
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Allotment Finalisation
30 Sep 2025
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Refund Initialisation
1 Oct 2025
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Non-Institutional Buyers (sHNI)
1 Oct 2025
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Listing of Shares
3 Oct 2025
IPO Subscription Details as on 3 Apr 2026, 06:07 PM
Retail
0.3 x
Total
1.14 x
Non-Institutional Buyer (bHNI)
1.39 x
Note: This information is provided for general guidance only. Dates may be subject to change.
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About the Company
Earkart Limited is an Indian company that manufactures and distributes hearing aids and related accessories. The company was incorporated in 2021 and is based in Noida, Uttar Pradesh. Earkart produces its own branded hearing aids as well as trades in hearing aids and accessories from other brands. The company's main revenue comes from sales to government agencies, private retailers/distributors, and through a Shop-in-Shop (SIS) model partnering with ENT and optical clinics. Earkart has developed its own remote audiometry machine called Earkart OMNI to enable remote hearing tests and fittings. The company operates a manufacturing facility in Noida and has a network of 49 SIS clinics across India. Earkart aims to make quality hearing care more accessible and affordable, with a focus on expanding into Tier 2 and Tier 3 cities.
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Founded In

2021

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Director

Monika Misra

Financials of Earkart IPO

Income Statement
Balance Sheet
Cash Flows
Total Income
Total Expenses
Total Profit
Key Performance IndicatorsMar 2023Mar 2024Mar 2025
Operating Revenue2,891.633,175.464,310.62
Other Income5.0521.228.59
Total Income
2,896.683,196.694,319.21
Total Expenses
2,751.442,872.313,417.64
Profit Before Tax145.24324.38901.57
Total Profit
131.20305.81688.17

All figures are in lakhs (₹)

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Utilisation of Proceeds

All figures are in lakhs (₹)

PurposeAmount
The company intends to utilize funds for working capital needs of its existing business including expansion of Shop in Shop (SIS) model. This will support growth in volumes and revenue apart from current government sales.2,110
The company plans to set up Shop in Shop (SIS) model in ENT/Ophthalmic clinics across India and set up infrastructure for operational activities. This includes procuring equipment, IT hardware, and civil/interior work for new office premises to support the expansion of SIS clinics.1,733
Funds will be used for strategic initiatives, partnerships, joint ventures, acquisitions, branding, marketing, meeting exigencies and other general corporate purposes as approved by the Board, subject to regulatory compliance.63
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  • Diverse Product Portfolio: The company manufactures and distributes modern hearing aids and related accessories at affordable prices across India. It also offers 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 individuals.
  • Innovative Technology: The company has developed a smart and easy-to-use remote audiometry machine called Earkart OMNI that allows people to get tested and fitted for hearing aids from anywhere in the world. This device uses cloud-based CRM technology for live patient audiology interaction, diagnosis of hearing loss and fitting of hearing aid in real-time.
  • Extensive Distribution Network: The company offers hearing solutions through its network of partners and clinics across India, which sell both domestic and global hearing aid brands. It focuses on Tier 2 and Tier 3 cities, aiming to bridge the accessibility gap using innovative delivery models like branded kiosks and dedicated telehealth services.
  • Government Partnerships: The company is a trusted supplier on the Government e-Marketplace (GeM) and provides hearing aids to Artificial Limbs Manufacturing Corporation of India (ALIMCO), a 100% government-owned enterprise functioning under the Ministry of Social Justice & Empowerment.
  • Manufacturing Capabilities: The company's manufacturing facility, located in Noida, spans 4,500 square feet and produces BTE (Behind the Ear) and RIC (Receiver in Canal) hearing aids under various brand names. The facility adheres to international standards, specifically ISO 13485, and is approved by the Central Drugs Standard Control Organization (CDSCO).
  • Quality Control: The company has set up a Research and Development Department which consists of quality assurance and quality control teams who conduct various tests in their 'in-house laboratory' at various stages starting from receiving of components/parts till the finished products manufactured.
  • Multi-Channel Distribution Strategy: The company employs a multi-channel distribution strategy including online direct-to-consumer sales via its website and third-party aggregators, partnerships with dealers and retailers across India, and B2G sales through collaboration with government agencies and programs.

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