Ravelcare sets price band for Rs 24-crore SME IPO opening on December 1

Ravelcare, a digital-first brand in the beauty and personal care segment, on Wednesday said its Rs 24.10 crore IPO will open for public subscription on Monday.The initial public offering (IPO) will be completed on December 3 and bids for anchor investors will open for a day on November 28, Mumbai-based Ravelcare said in a statement.

The company has set a price band of Rs 123-130 per equity share.The IPO is entirely a fresh issue of up to 18.54 lakh shares, aggregating Rs 24.10 crore.

The net proceeds, Rs 11.5 crore, from the new release will be used for marketing and advertising expenses to increase brand awareness and visibility, and Rs 7.8 crore for setting up a new manufacturing facility at Mauje-Peth in Amravati.

Part of the proceeds will also be used for general corporate purposes. Founded in 2018, Ravelcare operates through a digital-first distribution model in the beauty and personal care segment, offering a range of hair care, skin care and body care products. It operates through a direct-to-consumer distribution model, supported by e-commerce marketplaces and quick-commerce platforms, and serves customers across India and select international markets including the UAE, Australia, Canada, Germany, the US and Saudi Arabia.

For the six months ended September 30, 2025, Ravelcare reported a turnover of Rs 14.4 crore and a profit after tax (PAT) of Rs 3.2 crore, while for FY25 the company posted a turnover of Rs 24.98 crore and a PAT of Rs 5.25 crore.

The company’s shares are proposed to be listed on the BSE SME platform.

Marwadi Chandarana Intermediaries Brokers Pvt Ltd is the sole book-running lead manager for the IPO