Comparison between Earkart IPO and Neptune Logitek IPO.
Earkart IPO is a SME Fixed Price IPO proposed to list at BSE SME while Neptune Logitek IPO is a SME Fixed Price proposed to list at BSE SME.
| Earkart IPO | Neptune Logitek 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. | Galactico Corporate Services Ltd. |
| Registrar | Skyline Financial Services Pvt.Ltd. | Bigshare Services Pvt.Ltd. |
| Market Maker | Rikhav Securities Ltd. | Asnani Stock Broker Pvt.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 Neptune Logitek IPO is up to ₹44.29 Cr. The final issue price of Earkart IPO is ₹135.00 per share and of Neptune Logitek IPO is ₹126.00 per share.
| Earkart IPO | Neptune Logitek IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ||
| Issue Price (Upper) | ||
| Issue Price (Final) | ₹135.00 per share | ₹126.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 1000 shares | 1000 shares |
| Fresh Issue Size | 31,30,000 shares | 35,15,000 shares |
| Fresh Issue Size (Amount) | up to ₹42.26 Cr | up to ₹44.29 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 | 35,15,000 shares |
| Issue Size Total (Amount) | up to ₹46.76 Cr | up to ₹44.29 Cr |
Earkart IPO opens on Sep 25, 2025, while Neptune Logitek IPO opens on Dec 15, 2025. The closing date of Earkart IPO and Neptune Logitek IPO is Sep 29, 2025, and Dec 17, 2025, respectively.
| Earkart IPO | Neptune Logitek IPO | |
|---|---|---|
| Anchor Bid Date | ||
| Issue Open | Sep 25, 2025 | Dec 15, 2025 |
| Issue Close | Sep 29, 2025 | Dec 17, 2025 |
| Basis Of Allotment (Tentative) | Sep 30, 2025 | Dec 18, 2025 |
| Initiation of Refunds (Tentative) | Oct 01, 2025 | Dec 19, 2025 |
| Credit of Share (Tentative) | Oct 01, 2025 | Dec 19, 2025 |
| Listing date (Tentative) | Oct 03, 2025 | Dec 22, 2025 |
| Anchor Lockin End date 1 | ||
| Anchor Lockin End date 2 |
Earkart IPO P/E ratio is 20.48, as compared to Neptune Logitek IPO P/E ratio of 13.76.
| Earkart IPO | Neptune Logitek 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)Neptune Logitek Ltd.'s revenue increased by 48% and profit after tax (PAT) rose by 254228% between the financial year ending with March 31, 2025 and March 31, 2024.
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| Promoter Shareholding (Pre-Issue) | 78.75 | 99.99 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 57.34 | 72.99 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 20.48 | 13.76 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹185.68 Cr. | ₹172.62 Cr. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 34.55% | 14.89% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 47.32% | 21.25% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.26 | 2.91 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹6.59 | ₹9.16 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 34.55% | 45.89% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Earkart IPO Retail Individual Investors (RII) are offered 17,32,000 shares while in Neptune Logitek IPO retail investors are offered 17,32,000 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in Earkart IPO and 0 shares in Neptune Logitek IPO.
| Earkart IPO | Neptune Logitek IPO | |
|---|---|---|
| Anchor Investor Reservation | 0 shares | 0 shares |
| Market Maker Reservation | 1,85,000 shares | 1,85,000 shares |
| QIB | 0 shares | 0 shares |
| NII | 17,32,000 shares | 17,57,500 shares |
| RII | 17,32,000 shares | 17,57,500 shares |
| Employee | 0 shares | 0 shares |
| Others | ||
| Total | 34,64,000 shares | 35,15,000 shares |
Earkart IPO subscribed 1.28x in total, whereas Neptune Logitek IPO subscribed 1.61x.
| Earkart IPO | Neptune Logitek IPO | |
|---|---|---|
| QIB (times) | ||
| NII (times) | 2.20x | 0.32x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 0.35x | 2.90x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 1.28x | 1.61x |
