
'Elated As Your First Investor,' Says Ashneer Grover As Hearing Aid Startup Earkart Makes Steady Debut On BSE
Grover, the co-founder of BharatPe and an ace investor, took to X (formerly Twitter) to congratulate the company and its founders, Rohit Misra (Managing Director) and Monika Misra (Whole-Time Director).
What did Grover say?The billionaire investor also praised the company's ability to go public before the more famous and already established 'karts' did, highlighting how EarKart managed to reach this milestone in less than four years since its launch in 2021.
“Congrats EarKart Ltd for a successful IPO and listing. Elated as your first investor !!” Grover posted on his social media handle.“Who would've thought back in 2021 we would IPO before the more famous and already established 'karts'. Kudos - Rohit & Monika Misra."
Earkart specialises in manufacturing and selling modern hearing aids at affordable prices across India. The company also trades in hearing aids and related accessories of other brands, both domestic and international.
Also Read | WeWork IPO: Investor moves court, flags misleading disclosures and Sebi inactionIn addition, the company offers products such as adjustable foldable walkers, Multi-Sensory Integrated Educational Development (MSIED) and Teaching Learning Material (TLM) kits to support the mobility and daily needs of physically challenged individuals.
EarKart listing detailsEarKart was trading at ₹142.25 on Friday, the day of its listing, which is a premium of 5.37% compared to its issue price of ₹135. The company's share had a flat debut at ₹135, matching the initial public offer (IPO) price. The counter hit a high of ₹142.25 and a low of ₹135.50.
Also Read | Earkart IPO: Check GMP, subscription status, review, other key detailsThe company plans to use around ₹21.10 crore of the proceeds from the issue to fund its Incremental Working Capital requirements. Another ₹17.33 crore out of the funds will be used for capital expenditure requirements, and the remaining ₹63.40 lakh will be allocated to general corporate purposes, Mint reported earlier.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Most popular stories
Market Research

- Financewire And Tipranks Partner To Redefine Financial News Distribution
- Ethereum-Based Defi Crypto Mutuum Finance (MUTM) Reaches 50% Completion In Phase 6
- Stonehaven Circle Marks 13Th Anniversary With Hadrian Colwyn Leading Calvio Ailegacyx Innovation
- Citadel Launches Suiball, The First Sui-Native Hardware Wallet
- Motif AI Enters Phase Two Of Its Growth Cycle
- Dubai At The Centre Of Global Finance: Forex Expo 2025 Redefines The Trading Landscape
Comments
No comment