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Ravelcare Limited

Ravelcare launched its IPO as a book-built issue aggregating to ₹24.10 crore. The entire issue comprised a fresh issuance of 0.19 crore equity shares, with the objective of raising ₹24.10 crore.

The public issue was open for bidding between December 1 and December 3, 2025. The allotment of shares was completed on December 4, 2025, and the company is expected to debut on the BSE SME platform, with the tentative listing scheduled for December 8, 2025.

The shares were offered at a price of ₹130 each, and applications were accepted in lots of 1,000 shares. Based on the upper price, retail investors were required to make a minimum investment of ₹2,60,000 for 2,000 shares. High net-worth investors were required to apply for at least three lots, or 3,000 shares, involving an investment of ₹3,90,000.

Marwadi Chandarana Intermediaries Brokers Private Limited served as the book-running lead manager for the IPO, while KFin Technologies Limited acted as the registrar to the issue. SS Corporate Securities Limited was appointed as the market maker.

Ravelcare Limited IPO & Charts
₹130

0%

Open

₹130

HIgh - Low

₹130

Previous Close

₹130

Total Traded Value

0

52 Weeks High

₹130

52 Weeks Low

₹130

Updates On

Nov 25, 2025

IPO. Open

Dec 1, 2026

IPO. Close

Dec 3, 2026

IPO. Price

₹130.00

IPO Market price

₹89.17 Cr

IPO Details

IPO Date 8 Dec
IPO Listing Date 8 Dec
IPO Face Value ₹10 per share
IPO Price Range ₹130.00
IPO Issue Size 18,54,000 shares
IPO Sale Type Fresh Capital
Employee Discount -
IPO Issue Type Bookbuilding IPO
IPO Listing BSE SME Platform
hare Holding Pre Issue 50,05,000 shares

IPO Timeline

IPO Open Date 1 Dec
IPO Close Date 3 Dec
IPO Allotment (Tentative) 4 Dec
Refunds 5 Dec
Credit to Demat Account 5 Dec
IPO Listing Date 8 Dec

IPO Reservation

Category Offer
QIB Shares Offered 8,76,000 (47.25%)
NII (HNI) Shares Offered 2,64,000 (14.24%)
Retail Shares Offered 6,20,000 (33.44%)

IPO Lot Size

Investors can bid for a minimum of 2,000 shares, with additional shares in multiples of 1,000.

Application Lots Share Amount
Retail (Min) 2 2,000 ₹2,60,000
Retail (Max) 2 2,000 ₹2,60,000
S-HNI (Min) 3 3,000 ₹3,90,000
S-HNI (Max) 7 7,000 ₹9,10,000
B-HNI (Min) 8 8,000 ₹10,40,000
About Company

Incorporated in November 2018, Ravelcare Ltd. is a digital-first beauty and personal care (BPC) brand offering a wide range of customised products across haircare, skincare, bodycare, and scalp care. The brand focuses on delivering personalised solutions designed to address individual customer needs through technology-enabled assessments.

Ravelcare primarily operates through its direct-to-consumer website and leading online marketplaces such as Amazon, Flipkart, and Myntra, along with quick-commerce platforms including Blinkit. During FY 2024–25, the company expanded its international footprint and currently serves customers in the UAE, Australia, Canada, Germany, the USA, and Saudi Arabia.

To support efficient order fulfilment and supply chain reliability, the company manages logistics and warehousing operations across central Indian states, ensuring timely delivery. Ravelcare also plans to establish an integrated manufacturing facility at Mauje-Peth, Amravati, Maharashtra, with a proposed installed capacity of 1,050 tonnes per annum (TPA). The facility is expected to house research and development, manufacturing, packaging, warehousing, and distribution functions under one roof.

Product Offerings

Ravelcare’s product portfolio is categorised into four core segments:

Haircare:
Includes shampoos, conditioners, hair masks, oils, and styling products designed to address concerns such as hair fall, frizz, and chemical damage. Products are customised through digital consultations and sold primarily via online channels.

Skincare:
Comprises cleansers, serums, moisturisers, sunscreens, and targeted treatments for concerns including acne, dryness, pigmentation, and sensitive skin. Product recommendations are based on digital skin assessments.

Bodycare:
Offers body washes and lotions formulated for hydration, gentle cleansing, and skin barrier repair, addressing issues such as dryness and sensitivity.

Scalp Care:
Features specialised treatments including anti-dandruff tonics, hair growth serums, and clinically approved hair fall control ampoules for conditions such as dryness, flaking, and product buildup.

As of June 30, 2025, the company employed 25 professionals across various functional departments.

Competitive Strengths

Wide and Diversified Customer Base:
Ravelcare serves a growing domestic and international customer base through a distributed warehousing network and third-party logistics partners, enabling efficient and reliable delivery.

Digital-First Distribution Model:
By operating predominantly through D2C channels, the company reduces reliance on intermediaries, maintains control over the customer journey, and offers competitive pricing with consistent service quality.

Customer-Centric Approach:
Personalised digital consultations allow Ravelcare to understand individual customer needs and deliver tailored product solutions. Strong customer satisfaction has resulted in repeat purchases and organic, word-of-mouth growth.

Innovation-Driven Product Development:
The company follows a structured, insight-led approach to innovation, incorporating customer feedback and digital data into product ideation, formulation, regulatory compliance, testing, and market positioning.

Outlook

With its emphasis on personalisation, digital innovation, and international expansion, Ravelcare Ltd. is well positioned as a modern, data-driven beauty and personal care brand catering to the evolving preferences of consumers worldwide.

Ravelcare Ltd. reported a 14% increase in revenue and a 5% rise in profit after tax (PAT) between the financial years ending March 31, 2024, and March 31, 2025.

Company Financials (Consolidated)

Assets 15.68 11.63 8.03
Total Income 14.44 25.30 22.28
Profit After Tax 3.2 5.26 5.02
EBITDA 4.33 6.82 6.64
NET Worth 13.55 10.35 5.10
Reserves and Surplus 8.54 5.35 5.09
Total Borrowing - - 0.04

Key Performance Indicator (KPI)

ROE 68%
ROCE 68%
Debt/Equity -
RoNW 50.77%
PAT Margin 21.01%
EBITDA Margin 27.30%
Price to Book Value 6.29
IPO Objective

IPO Objects of the Issue

S.No. Objects of the ipo Resources Detail IPO Amount
1 Funding capital expenditure requirements for the purchase of equipment/machineries -
2 To meet out the expenses of Working Capital Requirement -
3 To meet out the General Corporate Purposes; 2.13
4 Offer for Sale (OFS) -

Contact Details

Ravelcare Ltd.
Off-126, Neo Corporate Plaza
Cabin B, Ramchandra Lane Extension
Malad, Mumbai – 400064
Maharashtra, India
Phone: +91 87792 06822
Email: pragya@ravelcare.com
Website: www.ravelcare.com

Detail Registrar

IPO Registrar

Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: ravelcare.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/

FAQ

Ravelcare launched a book-built IPO of ₹24.10 crore, comprising a fresh issue of 18.54 lakh equity shares, with no offer for sale component included in the issue.

The IPO opened on December 1, 2025, closed on December 3, 2025, and is expected to debut on the BSE SME platform on December 8, 2025.

The IPO was priced at ₹130 per share with a lot size of 1,000 shares. Retail investors applied for two lots, requiring a minimum investment of ₹2,60,000.

Ravelcare is a digital-first beauty and personal care brand offering customised haircare, skincare, bodycare, and scalp care products, operating D2C channels, online marketplaces, and international markets.

Marwadi Chandarana Intermediaries served as the book-running lead manager, KFin Technologies Limited was the registrar, and SS Corporate Securities Limited acted as the market maker for the IPO.

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