Ravelcare Ltd’s SME IPO, which opened on December 1, 2025, has witnessed robust investor interest, with subscriptions reaching 62.86 times by Day 2. The issue size is Rs 24.10 crore, priced between Rs 123–130 per share, and will close on December 3. Shares are set to list on NSE SME.
Ravelcare Ltd, a personal care company established in 2018, has drawn significant attention from investors with its ongoing SME IPO. The offering, which opened on December 1, aims to raise Rs 24.10 crore through a fresh issue of 19 lakh equity shares. With no offer-for-sale component, the IPO reflects the company’s focus on growth capital. By the second day of bidding, the IPO was oversubscribed multiple times across categories, highlighting strong market confidence.
Key highlights from the announcement include
-
The IPO size is Rs 24.10 crore, comprising 19 lakh equity shares.
-
The price band has been fixed at Rs 123–130 per share.
-
By Day 2, the IPO was subscribed 62.86 times overall.
-
Individual investors subscribed 73.51 times, while non-institutional investors subscribed 112.41 times.
-
Qualified institutional buyers (excluding anchor investors) subscribed 6.80 times.
-
Anchor investors and market makers fully subscribed their portions on Day 1.
-
The IPO will close on December 3, 2025, with allotment expected on December 4.
-
Shares are scheduled to list on NSE SME on December 8, 2025.
-
Marwadi Chandarana Intermediaries Brokers Pvt. Ltd. is the book-running lead manager, Kfin Technologies Ltd. is the registrar, and SS Corporate Securities Ltd. is the market maker.
-
Grey Market Premium (GMP) trends suggest strong listing expectations, with premiums indicating investor optimism.
The overwhelming subscription figures reflect investor confidence in Ravelcare’s business model and growth prospects in the personal care sector. With strong demand across categories and a healthy GMP, the IPO is expected to deliver a positive debut on the NSE SME platform.
Sources: Livemint, Goodreturns, Chittorgarh, MSN, Economic Times Hindi