Ravelcare IPO
Ravelcare IPO
Overview
Ravelcare IPO is a book build issue of ₹24.10 crores. The issue is entirely a fresh issue of 0.19 crore shares of ₹24.10 crore. Ravelcare IPO opens for subscription on Dec 1, 2025 and closes on Dec 3, 2025. The allotment for the Ravelcare IPO is expected to be finalized on Dec 4, 2025. Ravelcare IPO will list on BSE SME with a tentative listing date fixed as Dec 8, 2025. Ravelcare IPO price band is set at ₹123.00 to ₹130.00 per share . The lot size for an application is 1,000. The minimum amount of investment required by an individual investor (retail) is ₹2,60,000.00 (2,000 shares) (based on upper price). The minimum lot size investment for HNI is 3 lots (3,000 shares), amounting to ₹3,90,000. Marwadi Chandarana Intermediaries Brokers Pvt.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. The Market Maker of the company is SS Corporate Securities Ltd..
Total Shares
18,54,000
Issue Size
₹24.10 Cr
Price Band
₹123 – ₹130
Lot Size
1000 shares
Min. Investment
₹1,30,000
Max. Investment
₹1,30,000
Open Date
01 Dec, 2025
Close Date
03 Dec, 2025
Allotment
04 Dec, 2025
Listing
08 Dec, 2025
Max. Investment
₹1,30,000
Announced
01 Dec, 2025
Opening Date
01 Dec, 2025
Closing Date
03 Dec, 2025
Basis of Allotment
04 Dec, 2025
Initiation of Refunds
05 Dec, 2025
Credit of Shares
05 Dec, 2025
Listing Date
08 Dec, 2025
Live GMP
Est. Listing: ₹195
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About Ravelcare IPO
Incorporated in November 2018, Ravelcare Ltd. is a digital-first beauty and personal care (BPC) brand offering a comprehensive range of haircare, skincare, bodycare, and scalp care products tailored to individual needs.
The company operates primarily through its website and online marketplaces such as Amazon, Flipkart, and Myntra, along with quick commerce platforms like Blinkit. In FY 2024–25, Ravelcare expanded its presence internationally, catering to customers in the UAE, Australia,
Ravelcare IPO Share Price
Issue Breakdown
Shareholding
Dilution: 37.0% increase in shares
Ravelcare IPO Promoters Holding
Ravelcare IPO Financial Health
Ravelcare Ltd.'s revenue increased by 14% and profit after tax (PAT) rose by 5% between the financial year ending with March 31, 2025 and March 31, 2024.
Ravelcare IPO Lot Size
Investors can bid for a minimum of 2,000 shares and in multiples of 1,000 shares thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | - | - |
| Individual investors (Retail) (Max) | 2 | - | - |
| S-HNI (Min) | 3 | - | - |
| S-HNI (Max) | 7 | - | - |
| B-HNI (Min) | 8 | - | - |
(All values in CR)
Ravelcare IPO Valuations
KPI as of Mon, Mar 31, 2025.
| Metric | Value |
|---|---|
| ROE | 68.04 |
| ROCE | 68.32 |
| RoNW | 50.77 |
| PAT Margin | 21.01 |
| EBITDA Margin | 27.30 |
| Price to Book Value | 6.29 |
| Market Capitalization | 89.17 |
(All values in CR)
Ravelcare IPO Strength & Risk
Ravelcare IPO Strength:
- Operates in the fast-growing beauty and personal-care segment.
- Offers a diversified product portfolio across skincare, haircare, and bodycare.
- Follows a digital-first model with strong presence on e-commerce and quick-commerce platforms.
- Has growing export operations, providing international market exposure.
- Plans to build an in-house manufacturing facility to improve quality control and margins.
- Focuses on brand building and marketing to strengthen consumer recall.
- Shows positive growth momentum with improving operational performance.
Ravelcare IPO Risk:
- Heavy dependence on third-party manufacturers, increasing supply and quality risks.
- Beauty and personal-care industry is highly competitive with strong established brands.
- Relies heavily on digital marketing, which can increase customer acquisition costs.
- Product demand can be influenced by trends, seasonality, and changing consumer preferences.
- Expansion and manufacturing setup carry execution and cost-related risks.
- Revenue concentration in key product categories may limit diversification.
- As an SME IPO, stock liquidity and post-listing stability may be limited.
Ravelcare IPO Subscriptions Status
Ravelcare IPO subscribed 81.55 times. The public issue subscribed 95.47 times in the individual investors category, 6.86 times in QIB (Ex Anchor), and 148.16 times in the NII category by December 2, 2025 5:54:39 PM (Day 2).
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Rs Cr.) |
|---|---|---|---|---|
| Anchor | 1.00 | 5,25,000 | 5,25,000 | 6.83 |
| Market Maker | 1.00 | 94,000 | 94,000 | 1.22 |
| QIB (Ex Anchor) | 6.86 | 3,51,000 | 24,07,000 | 31.29 |
| Non-Institutional Buyers | 148.16 | 2,64,000 | 3,91,15,000 | 508.5 |
| bNII (bids above ₹10L) | 157.31 | 1,74,000 | 2,73,72,000 | 355.84 |
| sNII (bids below ₹10L) | 130.48 | 90,000 | 1,17,43,000 | 152.66 |
| Individual Investors (IND category bidding for 2 Lots) | 95.47 | 6,20,000 | 5,91,92,000 | 769.5 |
| Total | 81.55 | 12,35,000 | 10,07,14,000 | 1 |
Ravelcare IPO GMP
Ravelcare SME IPO last GMP is ₹65, last updated Dec 2nd 2025 04:57 PM. With the price band of 130.00, Ravelcare SME IPO's estimated listing price is ₹195 (cap price + today's GMP).The expected percentage gain/loss per share is 50.00%. >> Ravelcare SME IPO Retail Subject to Sauda: ₹49400 The lowest GMP is ₹0.00, while the highest GMP is ₹65.00.
Last updated 02 Dec, 2025 · Source: aggregated grey-market dealers
| Date | IPO Price | GMP | Sub2 Sauda | Est. Listing | Est. Profit | Updated |
|---|---|---|---|---|---|---|
| 02 Dec, 2025 | 130 | ₹65▲ | 49400 | ₹195 (50.00%) | 65000 | 02 Dec, 2025 |
| 01 Dec, 2025 | 130 | ₹52▲ | 39500 | ₹182 (40.00%) | 52000 | 01 Dec, 2025 |
| 30 Nov, 2025 | 130 | ₹40▲ | 30400 | ₹170 (30.77%) | 40000 | 30 Nov, 2025 |
| 29 Nov, 2025 | 130 | ₹15▲ | 11400 | ₹145 (11.54%) | 15000 | 29 Nov, 2025 |
| 28 Nov, 2025 | 130 | ₹14▼ | 10600 | ₹144 (10.77%) | 14000 | 28 Nov, 2025 |
| 27 Nov, 2025 | 130 | ₹16 | 12200 | ₹146 (12.31%) | 16000 | 27 Nov, 2025 |
| 26 Nov, 2025 | 130 | ₹16▲ | 12200 | ₹146 (12.31%) | 16000 | 26 Nov, 2025 |
| 25 Nov, 2025 | 130 | ₹14▲ | 10600 | ₹144 (10.77%) | 14000 | 25 Nov, 2025 |
| 24 Nov, 2025 | 130 | ₹0 | - | ₹130 (0.00%) | - | 24 Nov, 2025 |
| 23 Nov, 2025 | 130 | ₹0 | - | ₹130 (0.00%) | - | 23 Nov, 2025 |
Disclaimer: GMP is an unofficial signal from grey-market dealers and is not regulated by SEBI. Use it alongside subscription data and other research for informed decision-making.
How to Apply for Ravelcare IPO
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Go to IPO Section
Find Ravelcare IPO under the IPO section. Select it and enter your bid details — choose lot size and price (cut-off price recommended).
Enter UPI ID and Submit
Provide your UPI ID linked to your bank account and submit the application.
Approve Mandate on UPI App
Open your UPI app (Google Pay, PhonePe, Paytm, BHIM) and approve the IPO payment request.
Application Confirmed
Your funds will be blocked in your account until the IPO allotment process is completed.