79  Total SME IPOs listed in 2025

3,529.73 Crs.  Total funds raised in 2025

53  SME IPOs listed with Gain in 2025

26  SME IPOs listed with loss in 2025

79  Total SME IPOs listed in 2025

3529.73 Crs.  Total funds raised in 2025

53  SME IPOs listed with Gain in 2025

26  SME IPOs listed with loss in 2025

79  Total SME IPOs listed in 2025

3529.73 Crs.  Total funds raised in 2025

53  SME IPOs listed with Gain in 2025

26  SME IPOs listed with loss in 2025

79  Total SME IPOs listed in 2025

3529.73 Crs.  Total funds raised in 2025

53  SME IPOs listed with Gain in 2025

26  SME IPOs listed with loss in 2025

Earkart Limited IPO Analysis

Earkart IPO is a Fixed Price listing on BSE SME exchange, with an ipo size of ₹ [●] Cr. The company is based in New Delhi and caters to Healthcare sector. Sarthi Capital Advisors is the merchant banker of Earkart IPO. It is a SME Upcoming IPO which filed its Draft Red Herring Prospectus (DRHP) on 10th June 2025.

Earkart IPO posted revenues of ₹ 44.28 crores and PAT of ₹ 6.71 crores in FY25 on annualised basis.

IPO Key Highlights

*At the time of IPO, on Annualised Basis
  • Revenue: ₹ 44.28 Cr.
            EBITDA: ₹ 10.23 Cr.
            PAT: ₹ 6.71 Cr.
  • EBITDA Margin: 23.10 %
            Pat Margin: 15.15 %
  • Net Worth: ₹ 18.06 Cr.
  • Market Capitalisation: [●]
  • P/E: [●]
  • P/BV: [●]
  • EV/EBITDA: [●]
Nature of IPO : SME Upcoming
Exchange : BSE SME
IPO Type : Fixed Price

Earkart Limited IPO Financial Performance (Restated)

Financial results of Earkart IPO based on restated financials as per prospectus and IPO review parameters can be referred to below.

Amount in ₹ crores
Financials Dec-24 FY24 FY23 FY22
Balance Sheet
Assets 30.68 19.25 14.72 5.94
Net Worth 18.06 13.03 6.56 4.78
Total Debt 4.67 4.00 1.21 0.25
Profit & Loss
Revenue
Revenue on annualised basis
33.21
44.28
31.75 28.91 5.69
EBITDA
EBITDA on annualised basis
7.67
10.23
3.55 1.61 0.13
PAT
PAT on annualised basis
5.03
6.71
3.06 1.31 0.11
Financials
31-Dec-24
FY24
FY23
FY22
Balance Sheet
Assets
30.68
19.25
14.72
5.94

Net Worth
18.06
13.03
6.56
4.78

Total Debt
4.67
4.00
1.21
0.25

Profit & Loss
Revenue
Revenue on annualised basis
33.21
44.28
31.75
28.91
5.69

EBITDA
EBITDA on annualised basis
7.67
10.23
3.55
1.61
0.13

PAT
PAT on annualised basis
5.03
6.71
3.06
1.31
0.11

Notes:
1) Total debt incluides long-term borrowings and short-term borrowings.
2) Revenue means the Revenue from Operations as appearing in the Restated Financial Statements.

Earkart Limited IPO Key performance Indicators (KPI)

Earkart IPO PAT Margin is 15.15 % , ROCE (Return on Capital Employed) is 41.25 % as per latest financial. The below table shows Earkart IPO Key Performance Indicators (KPI) as mentioned in company’s prospectus.

Particulars Dec-24 FY24 FY23 FY22
EBITDA Margin (%) 23.10 11.18 5.57 2.28
PAT Margin (%) 15.15 9.64 4.53 1.93
EPS (₹) 2.41 2.03 0.87 0.07
ROE (%) 27.85 23.48 19.97 2.30
ROCE (%) 41.25 27.44 23.00 2.34
ROA (%) 16.40 15.90 8.90 1.85
Debt to Equity 0.26 0.31 0.18 0.05
Particulars
31-Dec-24
FY24
FY23
FY22

EBITDA Margin (%)
23.10
11.18
5.57
2.28

PAT Margin (%)
15.15
9.64
4.53
1.93

EPS (₹)
2.41
2.03
0.87
0.07

ROE (%)
27.85
23.48
19.97
2.30

ROCE (%)
41.25
27.44
23.00
2.34

ROA (%)
16.40
15.90
8.90
1.85

Debt to Equity (x)  
0.26
0.31
0.18
0.05

Notes:
1) The EPS represents post-bonus basic EPS.
2) Return on Equity is ratio of Profit after Tax and Total Equity.
3) Return on Assets is ratio of Profit after Tax and Total Assets.
4) Debt to Equity is ratio of Total borrowings and Total Equity.

Earkart IPO Valuation Metrics

The market Capitalisation of Earkart IPO is ₹ [●] crores at the time of IPO and other IPO valuation metrics of this IPO is mentioned below.

Key Metrics (at the time of IPO)


Market Capitalisation (₹ Cr.):
[●]

Enterprise Value (EV) (₹ Cr.):
[●]

EV/EBITDA (times) :
[●]

PE Multiple (times) :
[●]

P/B (times) :
[●]

NAV (₹) :
8.66

Notes:
1) The Enterprise Value is calculated as Market Cap. + Total Debt - Cash and Cash Equivalents.
2) Price to Book multiple is calculated as the ratio of Market Cap. and Net Worth post IPO proceeds.

What are the key financial metrics in Earkart Limited prospectus?

The Earkart IPO prospectus highlights an Return on Equity (ROE) of 15 %, Return on Assets (ROA) of 12 %, and an EBITDA Margin of 18 %, showcasing financial performance.

How do profitability ratios impact the evaluation of Earkart Limited IPO?

Profitability ratios like Return on Equity (ROE), Return on Assets (ROA), and Net Profit Margin shows Earkart IPO financial report. Analysing these metrics can provide insights into the company’s efficiency, profitability, and long-term growth potential.

What is the market capitalisation for Earkart Limited IPO ?

The post-IPO market capitalisation of Earkart IPO is ₹ [●] Cr., based on the issue price and share structure. It helps investors gauge the company’s valuation and compare it with industry peers before investing.

What is the PE Multiple of Earkart Limited IPO?

The Earkart IPO has a Price-to-Earnings (PE) ratio of [●], indicating valuation compared to industry peers. It helps investors determine if the stock is overvalued or undervalued compared to its earnings and industry peers.

What is the Revenue of Earkart IPO?

Earkart IPO reported revenue of ₹ 44.28 Cr. in the latest fiscal year, showing business performance, on annualised basis. Revenue figures from Earkart IPO provide insights into sales growth, market demand, and business scalability.

What is the EBITDA of Earkart IPO?

Earkart recorded an EBITDA of ₹ 10.23 Cr., reflecting operational efficiency. EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) measures operational profitability.

What is the PAT of Earkart IPO?

Earkart Profit After Tax (PAT) is ₹ 6.71 Cr., reflecting earnings growth. Profit After Tax (PAT) reflects the company’s actual earnings after all expenses, taxes, and deductions

IPO Key Highlights

*At the time of IPO, on Annualised Basis
  • Revenue: ₹ 44.28 Cr.
            EBITDA: ₹ 10.23 Cr.
            PAT: ₹ 6.71 Cr.
  • EBITDA Margin: 23.10 %
            Pat Margin: 15.15 %
  • Net Worth: ₹ 18.06 Cr.
  • Market Capitalisation: [●]
  • P/E: [●]
  • P/BV: [●]
  • EV/EBITDA: [●]

Revenue

(As Annualised)

EBITDA

(As Annualised)

PAT

(As Annualised)
Thinking of
Listing Your Business through
SME IPO?
We can Help!
Contact Us Today

Upcoming IPO List

Ace Alpha Tech Limited

  Information Technology

  Delhi


Suntech Infra Solutions Limited

  Infrastructure

  New Delhi


AJC Jewel Manufacturers Limited

  Jewellery

  Ernakulam


Icon Facilitators Limited

  Engineering - EPC

  New Delhi


Shri Hare Krishna Sponge Iron Limited

  Steel - Iron

  Kolkata


Peer Companies Of This Sector

FAQs

Earkart operates in Healthcare and Earkart Manufacture And Distribute Modern Hearing Aids And Related Accessories At Affordable Prices Across India. The Issue is listed on BSE SME in Jun, 2025. Earkart IPO size was with Issue price of .

Earkart IPO subscription was X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

Earkart IPO listed at a listing price of against the offer price of .

The current market price of Earkart is .

Services

IPO Advisory
IPO Advisory
In-depth, experienced and seamless execution throughout the IPO Process.
IPO Readiness
IPO Readiness
IPO Roadmap by improving Business Efficiencies, Financial Parameters and Corporate Structure to become IPO ready.
Fund Raising
Fund Raising
Fuelling a company's growth through Pre IPO Fund Raise, Private Equity, and Angel Investing.
SME : Business Scaling
SME Business Upscaling
Provide support to build a scalable SME business by unleashing the SME potential.
Post IPO Montoring
Post IPO Mentoring
Assisting with post IPO regulatory requirements and Performance Monitoring to achieve the milestone of Mainboard migration.

Thinking of
Listing Your Business through SME IPO?

We can help! Contact Us

Why Us?

  • Leading portal for IPOs
  • End to End Solutions
  • Known for Transparency