Marushika Technology IPO Shows Strong Response, Subscribed 17.93x on Day 3
Earkart IPO Sees Moderate Demand, Subscribed 1.28x by Day 3
Last Updated: 21st January 2026 - 06:02 pm
Earkart Limited's initial public offering (IPO) has demonstrated moderate investor interest through its third and final day of subscription, with Earkart's stock price set at ₹135.00 per share, reflecting steady market reception. The ₹49.26 crore IPO reached 1.28 times by 5:05:35 PM on day three.
Earkart IPO non-institutional investors segment leads with a moderate 1.63 times subscription, whilst individual investors show limited interest at 0.35 times, reflecting measured investor confidence in this Noida-based hearing aids manufacturer. Earkart IPO subscription reached a moderate 1.28 times on day three, led by Non-Institutional Investors (1.63x) and Individual Investors (0.35x).
IPO Subscription Status
| Date | NII | Individual Investors | Total |
|---|---|---|---|
| Day 1 (September 25) | 0.12 | 0.02 | 0.07 |
| Day 2 (September 26) | 0.04 | 0.04 | 0.04 |
| Day 3 (September 29) | 1.63 | 0.35 | 1.28 |
Detailed Subscription (as of Day 3 – September 29, 2025, 5:05:35 PM)
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (₹ Cr.) | Total Applications |
|---|---|---|---|---|---|
| Market Maker | 1.00 | 1,85,000 | 1,85,000 | 2.50 | - |
| Non-Institutional Buyers | 1.63 | 17,32,000 | 28,17,000 | 38.03 | 0 |
| Individual Investors | 0.35 | 17,32,000 | 6,00,000 | 8.10 | 488 |
| Total | 1.28 | 34,64,000 | 44,19,000 | 59.66 | 488 |
Total Applications: 488
Key Highlights - Day 3
- Overall subscription reached 1.28 times, showing substantial improvement from day two's 0.04 times.
- Non-institutional investors displayed moderate interest at 1.63 times, building from day two's 0.04 times.
- Individual investors showed limited confidence at 0.35 times, improving from day two's 0.04 times.
- Total applications reached 488, indicating minimal investor participation for this SME IPO.
- Cumulative bid amount reached ₹59.66 crores, exceeding the issue size of ₹49.26 crores.
Earkart IPO - Day 2 Subscription at 0.04 Times
Key Highlights - Day 2:
- Overall subscription reaching a limited 0.04 times, showing a decline from day one's 0.07 times
- Non-institutional investors showing minimal performance at 0.04 times, declining substantially from day one's 0.12 times
- Individual investors displaying minimal confidence at 0.04 times, building marginally from day one's 0.02 times
Earkart IPO - Day 1 Subscription at 0.07 Times
Key Highlights - Day 1:
- Overall subscription reached limited 0.07 times, showing cautious initial investor interest
- Non-institutional investors showing minimal performance at 0.12 times, indicating very weak HNI appetite
- Individual investors displaying minimal confidence at 0.02 times, showing very weak retail sentiment
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Krishca Strapping Solutions Limited
sme- Date Range 23 Oct- 27 Oct’23
- Price 200
- IPO Size 23