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Earkart IPO vs Topsun Energy IPO

Comparison between Earkart IPO and Topsun Energy IPO.

IPO Details

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 IPOTopsun Energy IPO
LogoEarkart IPO LogoTopsun Energy IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceBookbuilding
Listing AtBSE SMEBSE SME
Lead ManagersSarthi Capital Advisors Pvt.Ltd.Interactive Financial Services Ltd.
RegistrarSkyline Financial Services Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerRikhav Securities Ltd.Aftertrade Broking Pvt.Ltd.
DRHPDRHP DRHP
RHP
Final ProspectusFinal Prospectus
Anchor Investor
IPO Allotment URLIPO Allotment URL

Issue Size and Price

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 IPOTopsun 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 Size1000 shares
Fresh Issue Size31,30,000 shares72,00,000 shares
Fresh Issue Size (Amount)up to ₹42.26 Crup to ₹0.00 Cr
OFS Issue Size3,34,000 shares0 shares
OFS Issue Size (Amount)up to ₹4.51 Crup to ₹0.00 Cr
Issue Size Total34,64,000 shares72,00,000 shares
Issue Size Total (Amount)up to ₹46.76 Crup to ₹0.00 Cr

IPO Timetable

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 IPOTopsun Energy IPO
Anchor Bid Date
Issue OpenSep 25, 2025
Issue CloseSep 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

Financials & KPIs

Earkart IPO P/E ratio is 20.48, as compared to Topsun Energy IPO P/E ratio of .

 Earkart IPOTopsun Energy 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 Standalone)

Period Ended31 Mar 202531 Mar 202431 Mar 2023
Assets143.03104.5361.11
Total Income218.27105.4866.70
Profit After Tax11.873.11-2.24
EBITDA23.138.970.85
NET Worth41.8830.0126.90
Reserves and Surplus25.0018.7615.65
Total Borrowing49.3045.7827.89
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)78.7599.36
Promoter Shareholding (Post-Issue)57.34
P/E Ratio20.48
Market Cap₹185.68 Cr.
ROE34.5533.02
ROCE47.3225.36
Debt/Equity0.261.18
EPS₹6.59₹7.03
RoNW34.5528.41

Shares Offered

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 IPOTopsun Energy IPO
Anchor Investor Reservation0 shares
Market Maker Reservation1,85,000 shares
QIB0 shares
NII17,32,000 shares
RII17,32,000 shares
Employee0 shares
Others
Total34,64,000 shares

Bids Received (Subscription)

Earkart IPO subscribed 1.28x in total, whereas Topsun Energy IPO subscribed .

 Earkart IPOTopsun 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

Compare with others

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Compare:

Earkart IPO Vs Topsun Energy IPO