New Delhi, 3 October (Read News). Hearing Aids and Accessories maker yearcart Limited today made an entry in the stock market with a symbolic edge, although IPO investors came in profit due to the start after the listing. Under the IPO, the company’s shares were released at the price of Rs 135. Today, on the SME platform of BSE, its listing took place at Rs 135.50 with only 0.37 percent premium. However, due to the buying after the listing, the company’s shares reached the upper circuit level of Rs 142.25 in a short time. In this way, the IPO investors of the company got a profit of 5.37 percent in the first day business.

The IPO of Rs 49.26 crore was opened for subscription between 25 and 29 September. This IPO also received faded response from investors, due to which this overall was subscribed to 1.28 times. These included a 1.63 times subscription in the reserve post for non -institutional investors (NII). Similarly, the reserve post for retail investors was only 0.35 times subscribed. Under this IPO, 31,30,000 new shares with a face value of Rs 10 have been issued. Apart from this, 3,34,000 shares have been sold through offers for cell windows. The company will use the money collected through the sale of new shares in the IPO to meet the needs of its working capital and in common corporate purposes.

Talking about the financial condition of the company, according to the claim made in the prospectus, its financial health has been strongly strengthened. In the financial year 2022-23, the company had a net profit of Rs 1.31 crore, which increased to Rs 3.06 crore to Rs 3.06 crore and 2024-25 to Rs 6.88 crore. During this period, the company’s revenue increased to Rs 43.19 crore from the compound annual growth rate of more than 35 percent annually (compound annual growth rate).

During this time, the loan on the company also increased continuously. At the end of FY 2022-23, the company’s debt was Rs 1.21 crore, which increased to Rs 4 crore in the end of FY 2023-24. Similarly, at the end of FY 2024-25, the company’s debt rose to the level of Rs 4.96 crore.

Talking about the company’s reserves and surplus during this period, it was at a level of Rs 6.49 crore at the end of FY 2022-23, which increased to Rs 12.97 crore at the end of FY 2023-24 and reduced to Rs 9.48 crore in the last of Rs 12.97 crore and FY 2024-25.

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(Read) / Yogita Pathak