Ravelcare SME: Check IPO Date, Live Subscription and Key Details
Ravelcare Ltd., established in November 2018, is a digital-focused beauty and personal care (BPC) company offering a wide assortment of customised products across haircare, skincare, bodycare, and scalp care. The brand primarily reaches consumers through its own website and major e-commerce platforms, having also expanded into quick-commerce channels like Blinkit. The company is investing in establishing an integrated manufacturing complex in Amravati, Maharashtra, which will consolidate R&D, production, packaging, storage, and distribution operations.
Price Range
₹123.0 - ₹130.0
Issue Size
₹22.88 Cr
Lot Size
1,000 shares
IPO Type
BSE SME
GMP
₹75(+57.69%)
Est. Listing Price
₹205
Estimate Profit
₹1,50,000
Retail Portion
33.44%
Key Metrics
Check Live GMPGMPFace Value
₹10
EPS
9.32
P/E Ratio
13.95
RoNW
50.77%
ROE
68.04%
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Timeline
IPO Opens
1 Dec
IPO Closes
3 Dec
Allotment
4 Dec
Listing
8 Dec
IPO Timeline & Listing Details
| Event | Date | Details |
|---|---|---|
| IPO Open Date | 1 December 2025 | Subscription starts |
| IPO Close Date | 3 December 2025 | Subscription ends |
| Allotment Date | 4 December 2025 | Allotment |
| Listing Date | 8 December 2025 | Listing |
Investment Categories
| Category | Lots | Amount |
|---|---|---|
Individual | 2 | ₹2,60,000 |
SHNI (Min) | 3 | ₹3,90,000 |
SHNI (Max) | 7 | ₹9,10,000 |
BHNIAbove ₹10,00,000 | 8 | ₹10,40,000 |
IPO Reservation Details
| Category | Reservation |
|---|---|
| QIB (Qualified Institutional Buyer) | 47.25% |
| NII (Non-Institutional Investor) | 14.24% |
| SHNI (Small Non-Institutional Investor) | 7.29% |
| BHNI (Big Non-Institutional Investor) | 14.09% |
| Retail | 33.44% |
| Market Maker | 5.07% |
| Total | 100.00% |
IPO Objectives
- Marketing and advertisement expenses toward enhancing the awareness and visibility of the brand (₹11.50 Cr).
- Setting up a new manufacturing facility located at Mauje-Peth in Amravati (“Proposed facility”) (₹7.84 Cr).
- General Corporate Purposes.
Strengths
- The company uses a Digital-First D2C Model with strong penetration across its own website, major e-commerce platforms (Amazon, Flipkart), and quick-commerce channels (Blinkit).
- It has an Innovation-Led Approach, offering a wide assortment of customized products based on digital consultations and data-driven R&D.
- The business demonstrates exceptional operational efficiency with high return ratios: an ROE of 68.04% and RoNW of 50.77% in FY25.
- IPO proceeds are strategically allocated for substantial brand marketing and setting up a new integrated manufacturing facility, which will reduce third-party reliance.
- The company maintains a financially stable position with a negligible debt-to-equity ratio of 0.04 in FY25.
Weaknesses
- It faces intense competition in the highly saturated D2C beauty and personal care (BPC) market from both established FMCG giants and other digital-first brands.
- The High Customer Acquisition Cost (CAC) is evident by the large fund allocation to marketing (₹11.50 Cr), highlighting the expense required to acquire and retain digital customers.
- The current reliance on contract manufacturing poses risks to supply chain quality and consistency until the new in-house facility is fully operational.
- The static revenue growth (14% between FY24 and FY25) indicates potential challenges in scaling the top line despite high margins.
- As an SME listing, the stock may face lower liquidity and higher price volatility post-listing.
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Financial Performance
| Period Ended | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets (₹ Cr.) | 15.68 | 11.63 | 8.03 | 1.74 |
| Revenue (₹ Cr.) | 14.44 | 25.3 | 22.28 | 3.49 |
| PAT (₹ Cr.) | 3.2 | 5.26 | 5.02 | 0.41 |
| Net Worth (₹ Cr.) | 13.55 | 10.35 | 5.1 | 0.07 |
Peer Comparison
| Company | P/B Ratio | P/E Ratio | RONW (%) | Net Worth (₹ Cr.) |
|---|
Subscription Details
Daily Bids Status
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 3.52x | 6.86x | 155.91x |
| NII | 25.81x | 148.16x | 752.16x |
| S-HNI | 23.44x | 130.48x | 505.5x |
| B-HNI | 27.03x | 157.31x | 879.74x |
| RII | 17.89x | 95.47x | 463.13x |
| Total | 15.5x | 81.55x | 437.6x |
Overall Subscription Statistics
| Category | Shares Offered | Shares Bid | Bid Amount (₹ Cr) |
|---|---|---|---|
| QIB | 3,51,000 | 5,47,25,000 | 711.42 |
| NII | 2,64,000 | 19,85,70,000 | 2,581.41 |
| Small NII | 90,000 | 4,54,95,000 | 591.43 |
| Big NII | 1,74,000 | 15,30,75,000 | 1,989.98 |
| RII | 6,20,000 | 28,71,38,000 | 3,732.79 |
| Total | 12,35,000 | 54,04,33,000 | 7,025.63 |
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Company Details
- Ravelcare Ltd.
- Off-126, Neo Corporate Plaza Cabin B, Ramchandra Lane Extension Malad, Mumbai, Malad, Maharashtra-400064
- +91 87792 06822
- pragya@ravelcare.com
- http://www.ravelcare.com/
Registrar Details
- Kfin Technologies Ltd.
- 04067162222, 04079611000
- ravelcare.ipo@kfintech.com
- https://ipostatus.kfintech.com/
Frequently Asked Questions
What is the business model of Ravelcare Limited?
Ravelcare operates on a D2C (Direct-to-Consumer) model, selling customized beauty and personal care products directly through its e-commerce website and platforms like Amazon and Myntra, focusing on hair, skin, and body care solutions.
When will the Ravelcare IPO open for subscription?
The Ravelcare IPO opens for subscription on December 1, 2025, and closes on December 3, 2025.
What is the IPO price band and market lot for Ravelcare?
The price band is set between ₹123.00 to ₹130.00 per share. Retail investors must apply for a minimum market lot of 1,000 shares.
What are the main objectives of the Ravelcare IPO?
The primary objectives are funding brand marketing and advertising activities (₹11.50 Cr) and setting up a new integrated manufacturing facility (₹7.84 Cr) in Amravati, Maharashtra.
What are the key financial strengths of Ravelcare?
Ravelcare achieved a high RoNW of 50.77% and a PAT margin of 20.79% in FY25, along with having a negligible debt-to-equity ratio of 0.04.
Which stock exchange will list the Ravelcare IPO?
The Ravelcare IPO is scheduled to list on the BSE SME exchange, with the tentative listing date being December 8, 2025.
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