Ravelcare IPO Description –Incorporated in 2018, Ravelcare operates in the beauty and personal care (BPC) sector. The company follows a digital-first, direct-to-consumer (D2C) model that emphasizes personalized solutions across hair care, skincare, body care, and scalp care categories. Its products are distributed through its own website, as well as leading e-commerce platforms such as Amazon, Flipkart, and Myntra, and quick-commerce platforms like Blinkit. In FY 2024-25, Ravelcare also initiated international shipping, catering to customers in the UAE, Australia, Canada, Germany, the USA, and Saudi Arabia.
Customer engagement has also scaled significantly, with website visitors crossing 0.50 crore in FY 2025 and repeat orders improving to 32.55%, up from 22.12% in FY 2024. The company is in the process of establishing its own integrated manufacturing facility in Amravati, Maharashtra, with an installed capacity of 1,050 TPA, covering R&D, production, packaging, warehousing, and distribution under one roof.
Ravelcare’s product mix is dominated by haircare, contributing 95.20% of FY 2025 revenue, followed by skincare (2.26%), bodycare (1.76%), and the newly launched scalp care segment (0.78%). Regionally, the West Zone led sales in India with 36.31% share, followed by North (30.38%), South (23.48%), and East (9.82%). Ravelcare had a total workforce of 25 employees as of 30 June 2025.
Promoters of Ravelcare – Ayush Mahesh Varma, Maheshkumar Ramchandra Varma and Anita Mahesh Varma
Table of Contents
Ravelcare IPO Details
| Ravelcare IPO Dates | 1 – 3 December 2025 |
| Ravelcare Issue Price | INR 123 – 130 per share |
| Fresh Issue | 18,54,000 shares (INR 22.80 – 24.10 crore) |
| Offer For Sale | Nil |
| Total IPO Size | 18,54,000 shares (INR 22.80 – 24.10 crore) |
| Minimum Bid | 2,000 shares (INR 2,60,000) |
| Lot Size | 1,000 shares (INR 1,30,000) |
| Face Value | INR 10 per share |
| Individual Allocation | 35% |
| Listing On | BSE SME |
Ravelcare Financial Performance
| FY 2023 | FY 2024 | FY 2025 | H1 FY 2026 | |
| Revenue | 3.49 | 22.09 | 24.98 | 14.40 |
| Expenses | 2.99 | 15.47 | 18.26 | 10.11 |
| Net income | 0.42 | 5.02 | 5.26 | 3.20 |
Ravelcare Offer News
- Ravelcare RHP
- Ravelcare Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- Highest SME IPO Subscription in 2025
Ravelcare Valuations & Margins
| FY 2023 | FY 2024 | FY 2025 | |
| EPS | 0.83 | 10.04 | 10.50 |
| PE ratio | – | – | 11.71 – 12.38 |
| RONW (%) | 575.79 | 98.58 | 50.77 |
| NAV | 0.14 | 10.18 | 20.68 |
| ROCE (%) | 105.97 | 133.03 | 68.32 |
| EBITDA (%) | 14.58 | 30.12 | 27.30 |
| Debt/Equity | 5.62 | 0.01 | – |
Ravelcare IPO GMP Today
| Date | Consolidated IPO GMP | Subject to Sauda |
| 4 December 2025 | 77 | 57,000 |
| 3 December 2025 | 67 | 52,000 |
| 2 December 2025 | 51 | 40,000 |
| 1 December 2025 | 40 | 11,500 |
| 29 November 2025 | 16 | 12,000 |
| 28 November 2025 | 16 | 12,000 |
| 27 November 2025 | 17 | 12,000 |
| 26 November 2025 | 17 | 12,000 |
Ravelcare IPO Subscription – Live Updates
| Category | QIB | NII | Individual | Total |
|---|---|---|---|---|
| Shares Offered | 3,51,000 | 2,64,000 | 6,20,000 | 12,35,000 |
| 3 Dec 2025 | 155.91 | 752.52 | 463.13 | 437.67 |
| 2 Dec 2025 | 6.86 | 148.52 | 95.47 | 81.63 |
| 1 Dec 2025 | 3.52 | 26.01 | 18.79 | 15.99 |
The market maker reservation portion of 94,000 shares and the anchor investor portion of 5,25,000 shares are not included in the above calculations.
Ravelcare IPO Allotment Status
Ravelcare IPO allotment status is now available on the KFin Tech website. Click on this link to get the allotment status.
Ravelcare IPO Dates & Listing Performance
| IPO Opening Date | 1 December 2025 |
| IPO Closing Date | 3 December 2025 |
| Finalization of Basis of Allotment | 4 December 2025 |
| Initiation of refunds | 5 December 2025 |
| Transfer of shares to demat accounts | 5 December 2025 |
| IPO Listing Date | 8 December 2025 |
| Opening Price on BSE SME | Coming soon |
| Closing Price on BSE SME | Coming soon |
Ravelcare Offer Lead Manager
MARWADI CHANDARANA INTERMEDIARIES BROKERS PRIVATE LIMITED
X-change Plaza, Office No. 1201 to 1205,
12th Floor, Building No. 53E, Zone-5,
Road 5E, Gift City, Gandhinagar – 382355
Phone: +91 22 6912 0027
Email: [email protected]
Website: ib.marwadichandaranagroup.com
Ravelcare Offer Registrar
KFIN TECHNOLOGIES LIMITED
301, The Centrium, 3rd Floor, 57,
Lal Bahadur Shastri Road, Nav Pada,
Kurla (West), Kurla, Mumbai- 400070.
Tel: +91 40 6716 2222
E-mail: [email protected]
Website: www.kfintech.com
Ravelcare Contact Details
RAVELCARE LIMITED
Off-126, Neo Corporate Plaza, Cabin B,
Ramchandra Lane Extension, Malad,
Mumbai – 400064, Maharashtra
Phone: +91 8433980120
E-mail: [email protected]
Website: www.ravelcare.com
IPO FAQs
What is the Ravelcare offer size?
Ravelcare offer size is INR 22.80 – 24.10 crores.
What is the Ravelcare offer price band?
Ravelcare public offer price is INR 123 – 130 per share.
What is the lot size of the Ravelcare IPO?
Ravelcare offer lot size is 1,000 shares.
What is the Ravelcare IPO GMP today?
Ravelcare IPO GMP today is INR 77 per share.
What is the Ravelcare IPO Subject to Sauda rate today?
Ravelcare Subject to Sauda rate today is INR 57,000 per application.