Ravelcare Limited came to market through an SME IPO that opened on 1 December 2025 and closed on 3 December 2025, and the shares listed on 8 December 2025 on BSE SME. The price band was ₹123 to ₹130 per share and one lot was 1000 shares, so the minimum application was ₹1,30,000. The issue size was ₹24.1 crore. The whole issue was fresh shares, so the money raised went to the company.
Kfin Technologies Limited was the registrar to the issue, and Marwadi Chandarana Intermediaries Brokers Pvt.Ltd was the lead manager.
As of 3 December 2025.
| Day |
|---|
| 1 |
| 2 |
| 3 |
Ravelcare Ltd. is a digital-first BPC brand, incorporated in November 2018, offering a wide range of haircare, skincare, bodycare, and scalp care products suited to every individual need. It generally operates through its website and online marketplaces like Amazon, Flipkart, and Myntra, and quick commerce platforms like Blinkit. In 2024–25, Ravelcare expanded internationally and shipped products to customers in the UAE, Australia, Canada, Germany, the USA, and Saudi Arabia.
The company arranges for logistics and warehousing in central Indian states to ensure reliability in the supply chain for timely product delivery. Moreover, Ravelcare is proposing to establish its integrated manufacturing facility at Mauje-Peth, Amravati, Maharashtra, with the proposed installed capacity of 1,050 TPA. The proposed plant at Mauje-Peth, Amravati, would have R&D, manufacturing, packaging, warehousing, and distribution all under one roof. Product Offerings :Ravelcare's portfolio spans four key segments: Haircare:
It involves shampoos, conditioners, masks, oils, and styling products to address key concerns such as hair fall, frizz, and damage caused by chemical treatments. The products are customized through digital consultations and are sold online. It mainly comprises cleansers, serums, moisturizers, sunscreens, and treatments for acne, dryness, pigmentation, and sensitivity. Customization is based on digital skin assessments. Bodycare: Including body washes and lotions developed for hydration, cleaning, and skin barrier repair to treat conditions such as dryness and sensitivity.
Scalp Care: Features targeted treatments such as anti-dandruff tonics, hair growth serums, and approved hair fall control ampoules for issues like dryness, flaking, and buildup. As of June 30, 2025, the company employed 25 professionals across departments.
As described in the offer document.
| Metric | 30-Sep-25 | 31-Mar-25 | 31-Mar-24 | 31-Mar-23 |
|---|
Ayush Mahesh Verma.
Work out the listing gain for this SME IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Ravelcare IPO was a ₹24.1 crore book-built issue, made up entirely of a fresh issue. It was priced at ₹123–₹130 per share with a lot size of 1,000 shares; the minimum retail application was 2,000 shares (₹2,60,000). The IPO was open from December 1 to December 3, 2025 and was subscribed 437.67x. Shares listed on BSE SME on December 8, 2025 at ₹201, a 54.6% premium to the issue price of ₹130. Kfin Technologies Limited is the registrar.
Marwadi Chandarana Intermediaries Brokers Pvt. Ltd. is the book running lead manager.
The price band of Ravelcare IPO is ₹123 to ₹130 per share.
The lot size of Ravelcare IPO is 1000 shares.
The minimum investment for Ravelcare IPO is approximately ₹2,60,000 based on the upper price band.
The allotment date of Ravelcare IPO is Dec 4, 2025.
Ravelcare IPO's final recorded GMP before listing was ₹70 per share (a 54% premium over the ₹130 upper price band). The shares listed at ₹201. GMP is unofficial and does not forecast or guarantee the actual listing price.
You can check Ravelcare IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Ravelcare IPO allotment status on Rupix for quick and easy access.
₹123 to ₹130 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 1000 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹1,30,000. After listing, SME shares also trade in lots rather than one share at a time.
₹1,30,000, for one lot of 1000 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 1 December 2025 and closed on 3 December 2025.
The basis of allotment was published on 4 December 2025 by Kfin Technologies Limited, and allotted shares were credited to demat accounts before listing.
The shares listed on 8 December 2025 on BSE SME.
The issue size was ₹24.1 crore. The fresh issue was 18,54,000 shares (aggregating up to ₹24.1 crore).