Earkart Ipo
Earkart IPO Review & Key Points
Review:
IPO Lead Managers aka Merchant Bankers
Sarthi Capital Advisors Pvt.Ltd.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 2 | 2,000 | ₹2,70,000 |
| Retail Maximum | 2 | 2,000 | ₹2,70,000 |
| S-HNI Minimum | 3 | 3,000 | ₹4,05,000 |
| Investor Category | Share Offered | -% Shares |
| Market Maker Shares Offered | 1,85,000 Shares | 5.07% |
| NII Shares Offered | 17,32,000 Shares | 47.47% |
| Retail Shares Offered | 17,32,000 Shares | 47.47% |
| IPO Open Date: | September 25, 2025 |
| IPO Close Date: | September 29, 2025 |
| Basis of Allotment: | September 30, 2025 |
| Refunds: | October 1, 2025 |
| Credit to Demat Account: | October 1, 2025 |
| IPO Listing Date: | October 3, 2025 |
| IPO Bidding Cut-off Time: | September 29, 2025 – 5 PM |
| Particular | Shares | % Share |
| Promoter Holding Pre Issue | 1,04,38,932 | 78.75% |
| Promoter Holding Post Issue | 1,37,53,932 | 57.34% |
| Purpose | Crores |
| Funding incremental working capital requirements of our Company | 21.10 |
| 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 | 17.33 |
| General Corporate Purpose | – |
| Period Ended | Revenue | Expense | PAT | Assets |
| 2023 | ₹28.97 | ₹27.51 | ₹1.31 | ₹14.73 |
| 2024 | ₹31.97 | ₹28.72 | ₹3.06 | ₹19.25 |
| 2025 | ₹43.19 | ₹34.18 | ₹6.88 | ₹30.29 |
| KPI | Values |
| ROE: | 34.55% |
| ROCE: | 47.32% |
| EBITDA Margin: | 22.65% |
| PAT Margin: | 15.93% |
| Debt to equity ratio: | 0.25 |
| Earning Per Share (EPS): | ₹6.59 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 41.77% |
| Net Asset Value (NAV): | ₹19.08 |
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| OSEL Devices Limited | 14.31 | 16.91 | 18.58% | – | 20.05 Cr. |
| IPO Open Date | September 25, 2025 |
| IPO Close Date | September 29, 2025 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹135 Per Share |
| Issue Size | Approx ₹49.26 Crores |
| Fresh Issue | Approx ₹44.75 Crores |
| Offer for Sale: | Approx 3,34,000 Equity Shares |
| Issue Type | Fixed Price Issue |
| IPO Listing | BSE SME |
| DRHP Draft Prospectus | |
| RHP Draft Prospectus |