Earkart IPO vs Vegorama Punjabi Angithi IPO

Comparison between Earkart IPO and Vegorama Punjabi Angithi IPO.

IPO Details

Earkart IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Vegorama Punjabi Angithi IPO is a SME Bookbuilding proposed to list at BSE SME.

Issue Size and Price

The total issue size of Earkart IPO is up to ₹46.76 Cr whereas the issue size of the Vegorama Punjabi Angithi IPO is up to ₹36.44 Cr. The final issue price of Earkart IPO is ₹135.00 per share and of Vegorama Punjabi Angithi IPO is ₹77.00 per share.

 Earkart IPOVegorama Punjabi Angithi IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹73.00 per share
Issue Price (Upper)₹77.00 per share
Issue Price (Final)₹135.00 per share₹77.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size1000 shares1600 shares
Fresh Issue Size31,30,000 shares37,36,000 shares
Fresh Issue Size (Amount)up to ₹42.26 Crup to ₹28.77 Cr
OFS Issue Size3,34,000 shares9,96,800 shares
OFS Issue Size (Amount)up to ₹4.51 Crup to ₹7.68 Cr
Issue Size Total34,64,000 shares47,32,800 shares
Issue Size Total (Amount)up to ₹46.76 Crup to ₹36.44 Cr

IPO Timetable

Earkart IPO opens on Sep 25, 2025, while Vegorama Punjabi Angithi IPO opens on May 20, 2026. The closing date of Earkart IPO and Vegorama Punjabi Angithi IPO is Sep 29, 2025, and May 22, 2026, respectively.

 Earkart IPOVegorama Punjabi Angithi IPO
Anchor Bid DateMay 19, 2026
Issue OpenSep 25, 2025May 20, 2026
Issue CloseSep 29, 2025May 22, 2026
Basis Of Allotment (Tentative)Sep 30, 2025May 25, 2026
Initiation of Refunds (Tentative)Oct 01, 2025May 26, 2026
Credit of Share (Tentative)Oct 01, 2025May 26, 2026
Listing date (Tentative)Oct 03, 2025May 27, 2026
Anchor Lockin End date 1Jun 23, 2026
Anchor Lockin End date 2Aug 22, 2026

Financials & KPIs

Earkart IPO P/E ratio is 20.48, as compared to Vegorama Punjabi Angithi IPO P/E ratio of 11.82.

 Earkart IPOVegorama Punjabi Angithi IPO
Financials

Company Financials (Restated)

Period Ended31 Mar 202531 Mar 202431 Mar 2023
Assets30.2919.2514.73
Total Income43.1931.9728.97
Profit After Tax6.883.061.31
EBITDA9.763.551.61
NET Worth19.9213.036.56
Reserves and Surplus9.4812.976.49
Total Borrowing4.964.001.21
Amount in ₹ Crore

Company Financials (Restated)

Period Ended31 Dec 202531 Mar 202531 Mar 202431 Mar 2023
Assets31.8124.7718.355.59
Total Income105.35102.0666.3716.91
Profit After Tax9.048.224.640.84
EBITDA12.4010.866.041.16
NET Worth23.3714.346.121.47
Reserves and Surplus10.7514.296.071.42
Total Borrowing3.625.054.000.23
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)78.7599.41
Promoter Shareholding (Post-Issue)57.3469.51
P/E Ratio20.4811.82
Market Cap₹185.68 Cr.₹127.90 Cr.
ROE34.5580.39
ROCE47.3276.03
Debt/Equity0.26
EPS₹6.59₹6.51
RoNW34.5580.39

Shares Offered

In the Earkart IPO Retail Individual Investors (RII) are offered 17,32,000 shares while in Vegorama Punjabi Angithi IPO retail investors are offered 17,32,000 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in Earkart IPO and 9,48,800 shares in Vegorama Punjabi Angithi IPO.

 Earkart IPOVegorama Punjabi Angithi IPO
Anchor Investor Reservation0 shares14,16,000 shares
Market Maker Reservation1,85,000 shares2,51,200 shares
QIB0 shares9,48,800 shares
NII17,32,000 shares7,10,400 shares
RII17,32,000 shares16,57,600 shares
Employee0 shares0 shares
Others
Total34,64,000 shares47,32,800 shares

Bids Received (Subscription)

Earkart IPO subscribed 1.28x in total, whereas Vegorama Punjabi Angithi IPO subscribed 24.63x.

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Earkart IPO Vs Vegorama Punjabi Angithi IPO