Comparison between Earkart IPO and Sunsky Logistics IPO.
Earkart IPO is a SME Fixed Price IPO proposed to list at BSE SME while Sunsky Logistics IPO is a SME Fixed Price proposed to list at BSE SME.
| Earkart IPO | Sunsky Logistics IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Fixed Price | Fixed Price |
| Listing At | BSE SME | BSE SME |
| Lead Managers | Sarthi Capital Advisors Pvt.Ltd. | Nirbhay Capital Services Pvt.Ltd. |
| Registrar | Skyline Financial Services Pvt.Ltd. | Kfin Technologies Ltd. |
| Market Maker | Rikhav Securities Ltd. | Rikhav Securities Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | ||
| Final Prospectus | Final Prospectus | Final Prospectus |
| Anchor Investor | ||
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Earkart IPO is up to ₹46.76 Cr whereas the issue size of the Sunsky Logistics IPO is up to ₹15.98 Cr. The final issue price of Earkart IPO is ₹135.00 per share and of Sunsky Logistics IPO is ₹46.00 per share.
| Earkart IPO | Sunsky Logistics IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹2 per share |
| Issue Price (Lower) | ||
| Issue Price (Upper) | ||
| Issue Price (Final) | ₹135.00 per share | ₹46.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 1000 shares | 3000 shares |
| Fresh Issue Size | 31,30,000 shares | 34,74,000 shares |
| Fresh Issue Size (Amount) | up to ₹42.26 Cr | up to ₹15.98 Cr |
| OFS Issue Size | 3,34,000 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹4.51 Cr | up to ₹0.00 Cr |
| Issue Size Total | 34,64,000 shares | 34,74,000 shares |
| Issue Size Total (Amount) | up to ₹46.76 Cr | up to ₹15.98 Cr |
Earkart IPO opens on Sep 25, 2025, while Sunsky Logistics IPO opens on Sep 30, 2025. The closing date of Earkart IPO and Sunsky Logistics IPO is Sep 29, 2025, and Oct 03, 2025, respectively.
| Earkart IPO | Sunsky Logistics IPO | |
|---|---|---|
| Anchor Bid Date | ||
| Issue Open | Sep 25, 2025 | Sep 30, 2025 |
| Issue Close | Sep 29, 2025 | Oct 03, 2025 |
| Basis Of Allotment (Tentative) | Sep 30, 2025 | Oct 06, 2025 |
| Initiation of Refunds (Tentative) | Oct 01, 2025 | Oct 07, 2025 |
| Credit of Share (Tentative) | Oct 01, 2025 | Oct 07, 2025 |
| Listing date (Tentative) | Oct 03, 2025 | Oct 08, 2025 |
| Anchor Lockin End date 1 | ||
| Anchor Lockin End date 2 |
Earkart IPO P/E ratio is 20.48, as compared to Sunsky Logistics IPO P/E ratio of 15.6.
| Earkart IPO | Sunsky Logistics IPO | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated)Earkart Ltd.'s revenue increased by 35% and profit after tax (PAT) rose by 125% between the financial year ending with March 31, 2025 and March 31, 2024.
| Company Financials (Restated)Sunsky Logistics Ltd.'s revenue increased by 50% and profit after tax (PAT) rose by 107% between the financial year ending with March 31, 2025 and March 31, 2024.
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| Promoter Shareholding (Pre-Issue) | 78.75 | 95 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 57.34 | 67.05 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 20.48 | 15.6 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹185.68 Cr. | ₹57.20 Cr. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 34.55% | 79.42 % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 47.32% | 59.34% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.26 | 0.45 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹6.59 | ₹2.95 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 34.55% | 57.16% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Earkart IPO Retail Individual Investors (RII) are offered 17,32,000 shares while in Sunsky Logistics IPO retail investors are offered 17,32,000 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in Earkart IPO and 0 shares in Sunsky Logistics IPO.
| Earkart IPO | Sunsky Logistics IPO | |
|---|---|---|
| Anchor Investor Reservation | 0 shares | 0 shares |
| Market Maker Reservation | 1,85,000 shares | 1,86,000 shares |
| QIB | 0 shares | 0 shares |
| NII | 17,32,000 shares | 17,28,000 shares |
| RII | 17,32,000 shares | 17,46,000 shares |
| Employee | 0 shares | 0 shares |
| Others | ||
| Total | 34,64,000 shares | 34,74,000 shares |
Earkart IPO subscribed 1.28x in total, whereas Sunsky Logistics IPO subscribed 1.46x.
| Earkart IPO | Sunsky Logistics IPO | |
|---|---|---|
| QIB (times) | ||
| NII (times) | 2.20x | 2.01x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 0.35x | 0.93x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 1.28x | 1.46x |
