Ravelcare Limited IPO
Ravelvare operates through a digital-first distribution model in the beauty and personal care (BPC) segment, offering a diverse range of haircare, skincare, and bodycare products. Its business is driven by a direct-to-consumer approach supported by e-commerce platforms and data-backed product development. Products are sold through its website, leading online marketplaces, and quick-commerce channels. The company reported repeat order rates of 36.86%, 32.55%, 22.12%, and 16.81% across FY 2025 (Sep), FY 2025, FY 2024, and FY 2023.
Price Band₹123 - ₹130 |
Dates01 Dec - 03 Dec |
GMP₹75 (57.69%) |
Subscriptions406.72 times |
Issue Size₹24.10 Crs |
Ravelcare IPO Key Dates
Opening Date
01 Dec 25
Closing Date
03 Dec 25
Basis Of Allotment
04 Dec 25
Initiations Of Refund
05 Dec 25
Credit Of Shares
05 Dec 25
Listing Date
08 Dec 25
Ravelcare IPO Objects
- Marketing and advertisement expenses toward enhancing the awareness and visibility of the brand
- Setting up a new manufacturing facility located at Mauje-Peth in Amravati
- General Corporate Purposes
Ravelcare IPO Details
Price Band₹123 - ₹130 |
Listing AtBSE SME |
IPO Issue Type100% Book Built Offer |
Fresh Issue₹24.10 Cr (0.19 Cr Shares) |
Offer For Sale₹0.00 (0.00 Shares) |
Total Issue₹24.10 Cr (0.19 Cr Shares) |
Face Value₹10 per equity share |
Ravelcare IPO Lot Information
| Investor Category | Lot | Shares | Amount | |
|---|---|---|---|---|
| Individual Investor |
Minimum
2
2,000
2,60,000
Maximum
2
2,000
2,60,000
|
|||
| Small HNI |
Minimum
3
3,000
3,90,000
Maximum
7
7,000
9,10,000
|
|||
| Big HNI |
Minimum
8
8,000
10,40,000
|
|||
Ravelcare IPO Subscription
Updated as on 03 Dec 2025 | 05:00:00 PM
| Investor Category | Subscription (times) | Shares Offered | Shared Bid |
|---|---|---|---|
| QIB | 155.91 | 3,51,000 | 5,47,25,000 |
| NII | 554.93 | 2,64,000 | 19,86,64,000 |
| bNII (bids above ₹10L) | 880.28 | 1,74,000 | 15,31,69,000 |
| sNII (bids between ₹2L to ₹10L) | 505.50 | 90,000 | 4,54,95,000 |
| Retail | 463.13 | 6,20,000 | 28,71,38,000 |
| Total | 406.72 | 13,29,000 | 54,05,27,000 |
Ravelcare IPO GMP
The estimated Grey Market Premium of Ravelcare IPO is ₹75 per share (57.69%)
Category Allocation
| Particulars | Allocation |
|---|---|
| QIB | Not more than 50 % of Net Offer |
| NII | Not less than15 % of Net Offer |
| Retail | Not less than 35% of Net Offer |
| Market Maker | 94000 EQ Shares |
Ravelcare IPO Financials
| Particulars | Sep-25 | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|---|
| Revenue from Operations | 14.40 | 24.98 | 22.09 | 3.49 |
| Profit after Tax | 3.20 | 5.26 | 5.02 | 0.41 |
| Net Worth | 13.55 | 10.35 | 5.10 | 0.07 |
| Total Borrowing | - | - | 0.04 | 0.41 |
| Total Assets | 15.68 | 11.63 | 8.03 | 1.74 |
| NAV per share (in ₹) | 27.07 | 20.68 | 10.18 | 0.14 |
| EPS - Basic (in ₹) | 6.39 | 10.50 | 10.04 | 0.83 |
The financial information presented is on a consolidated basis
Key Performance Indicators
| KPI | VALUES |
|---|---|
| EBITDA | 27.30% |
| PAT | 21.04% |
| ROE | 68.04% |
| ROCE | 68.32% |
| PE Ratio | 12.38 |
| PB Ratio | 6.29 |
| Mkt Cap (in Crs.) | 89.17 |
- All Ratios are based on Mar 2024-25.
- PE, PB, and Post-Issue Market Capitalization are calculated based on the upper price band.
Ravelcare IPO Peer Comparision
There are no listed companies in India that are engaged in the business segment in which the company operates or of a comparable size to that of the Company.
Ravelcare IPO Peer Comparision
There are no listed companies in India that are engaged in the business segment in which the company operates or of a comparable size to that of the Company.
Promoter Details
| Name | Shareholding |
|---|---|
| Ayush Varma | 87.91% |
| Maheshkumar Varma | 4.02% |
| Others | 8.03% |
| Total | 99.96% |
Management Details
| Name | Designation |
|---|---|
| Ayush Mahesh Varma | Chairman & MD |
| Sagar Doshi | CFO |
Company Details
Name: Ravelcare Limited
Address: Off-126, Neo Corporate Plaza, Cabin B, Ramchandra Lane Extension, Malad, Mumbai - 400064, Maharashtra, India.
Number: +91 8433980120
Email: esha@ravelcare.com
Website: www.ravelcare.com
Book Running Lead Managers (BRLMs)
RTAs
KFin Technologies
Visit WebsiteFrequently Asked questions?
Find answers to common questions that come in your mind related to IPO.
Ravelcare IPO is a SME IPO having an issue size of Rs. ₹24.10 Crs. Ravelcare IPO is priced at ₹123 - ₹130 per share. The issue opens on 01 Dec 25 and closes on 03 Dec 25.
Ravelcare IPO opens on 01 Dec 25 and closes on 03 Dec 25.
The estimated Grey Market Premium of Ravelcare IPO is ₹75 per share (57.69%).
The minimum lot size of Ravelcare IPO is 1000 shares & the minimum application amount is Rs. 130000.
The allotment date of Ravelcare IPO is 04 Dec 25.
The listing date of Ravelcare IPO is 08 Dec 25.
Ravelcare IPO is subscribed 406.72 times.
Ravelcare IPO is priced at ₹123 - ₹130 per share.
Click the allotment link on Ravelcare IPO page of IPO360.
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- Money will remain blocked till the refund date
