The Ravelcare IPO is a small-cap SME issue that opened on December 1, 2025, with a price band of ₹123–₹130 per share, aiming to raise ₹24.10 crore. It closes on December 3, 2025, and will list on the BSE SME platform on December 8, 2025.
Key IPO Details
- Company: Ravelcare Ltd. (beauty & personal care brand)
- Issue Size: ₹24.10 crore
- Entirely a fresh issue of 19 lakh equity shares
- No Offer for Sale (OFS) component
- Price Band: ₹123 – ₹130 per share
- Lot Size: 1,000 shares
- Minimum retail investment: ~₹2,60,000 (2 lots at upper band)
- HNI minimum: 3 lots (~₹3,90,000)
- Subscription Window: Dec 1 – Dec 3, 2025
- Allotment Date: Dec 4, 2025
- Listing Date: Dec 8, 2025 (BSE SME)
- Lead Manager: Marwadi Chandarana Intermediaries Brokers Pvt. Ltd.
- Registrar: Kfin Technologies Ltd.
Subscription & GMP
- Day 1: Subscribed ~6x, showing strong investor interest
- Day 2: Subscribed ~62.86x, indicating heavy oversubscription
- Grey Market Premium (GMP): ~₹52 per share, suggesting a ~40% premium over issue price
- Expected listing price: ~₹175–₹180 per share
Business Overview
- Sector: Beauty & personal care products.
- Strengths:
- Growing demand in India’s FMCG and lifestyle sector.
- Consistent revenue growth:
- FY24: ₹22.28 crore revenue, ₹5.02 crore profit
- FY25: ₹25.30 crore revenue, ₹5.26 crore profit
- Investor Quota:
- QIB – 50%
- Retail – 35%
- NII – 15%
Takeaway
The Ravelcare IPO is a highly oversubscribed SME issue with strong GMP, reflecting investor confidence in India’s growing beauty & personal care market. While the minimum investment is relatively high (~₹2.6 lakh), the expected listing premium (~40%) makes it attractive for short-term gains, with long-term potential tied to FMCG sector growth.
