Comparison between Earkart IPO and Topsun Energy IPO.
Earkart IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Topsun Energy IPO is a SME Bookbuilding proposed to list at BSE SME.
| Earkart IPO | Topsun Energy IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Fixed Price | Bookbuilding |
| Listing At | BSE SME | BSE SME |
| Lead Managers | Sarthi Capital Advisors Pvt.Ltd. | Interactive Financial Services Ltd. |
| Registrar | Skyline Financial Services Pvt.Ltd. | Bigshare Services Pvt.Ltd. |
| Market Maker | Rikhav Securities Ltd. | Aftertrade Broking Pvt.Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | ||
| Final Prospectus | Final Prospectus | |
| Anchor Investor | ||
| 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 Topsun Energy IPO is up to ₹0.00 Cr. The final issue price of Earkart IPO is ₹135.00 per share and of Topsun Energy IPO is .
| Earkart IPO | Topsun Energy IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ||
| Issue Price (Upper) | ||
| Issue Price (Final) | ₹135.00 per share | |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 1000 shares | |
| Fresh Issue Size | 31,30,000 shares | 72,00,000 shares |
| Fresh Issue Size (Amount) | up to ₹42.26 Cr | up to ₹0.00 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 | 72,00,000 shares |
| Issue Size Total (Amount) | up to ₹46.76 Cr | up to ₹0.00 Cr |
Earkart IPO opens on Sep 25, 2025, while Topsun Energy IPO opens on . The closing date of Earkart IPO and Topsun Energy IPO is Sep 29, 2025, and , respectively.
| Earkart IPO | Topsun Energy IPO | |
|---|---|---|
| Anchor Bid Date | ||
| Issue Open | Sep 25, 2025 | |
| Issue Close | Sep 29, 2025 | |
| Basis Of Allotment (Tentative) | Sep 30, 2025 | |
| Initiation of Refunds (Tentative) | Oct 01, 2025 | |
| Credit of Share (Tentative) | Oct 01, 2025 | |
| Listing date (Tentative) | Oct 03, 2025 | |
| Anchor Lockin End date 1 | ||
| Anchor Lockin End date 2 |
Earkart IPO P/E ratio is 20.48, as compared to Topsun Energy IPO P/E ratio of .
| Earkart IPO | Topsun Energy 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 Standalone)Topsun Energy Ltd.'s revenue increased by 107% and profit after tax (PAT) rose by 281% between the financial year ending with March 31, 2025 and March 31, 2024.
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 78.75 | 99.36 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 57.34 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 20.48 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹185.68 Cr. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 34.55% | 33.02% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 47.32% | 25.36% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.26 | 1.18 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹6.59 | ₹7.03 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 34.55% | 28.41% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Earkart IPO Retail Individual Investors (RII) are offered 17,32,000 shares while in Topsun Energy IPO retail investors are offered 17,32,000 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in Earkart IPO and in Topsun Energy IPO.
| Earkart IPO | Topsun Energy IPO | |
|---|---|---|
| Anchor Investor Reservation | 0 shares | |
| Market Maker Reservation | 1,85,000 shares | |
| QIB | 0 shares | |
| NII | 17,32,000 shares | |
| RII | 17,32,000 shares | |
| Employee | 0 shares | |
| Others | ||
| Total | 34,64,000 shares |
Earkart IPO subscribed 1.28x in total, whereas Topsun Energy IPO subscribed .
| Earkart IPO | Topsun Energy IPO | |
|---|---|---|
| QIB (times) | ||
| NII (times) | 2.20x | |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 0.35x | |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 1.28x |
