When does Ravelcare's IPO open for subscription?

Ravelcare's IPO opens for public subscription on Monday, November 28, and concludes on December 3.

How much capital is Ravelcare raising through its IPO?

Ravelcare is aiming to raise Rs 24.10 crore through its initial public offering.

What will Ravelcare use the IPO funds for?

The funds will be used for marketing, advertisement, and setting up a new manufacturing facility.

Home / Business and Economy / Digital Beauty Firm Ravelcare Launches Rs 24 Cr IPO

Digital Beauty Firm Ravelcare Launches Rs 24 Cr IPO

26 Nov

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Summary

Ravelcare's Rs 24.10 crore IPO opens for subscription on Monday.
The company will use proceeds for marketing and a new manufacturing facility.
Ravelcare offers haircare, skincare, and bodycare products nationwide.

Ravelcare, a digital-first beauty and personal care brand, is set to launch its Initial Public Offering (IPO) this week. The public subscription period will commence on Monday and is scheduled to conclude on December 3. Bidding for anchor investors will open for a single day on November 28.

The company aims to raise Rs 24.10 crore through this IPO, which comprises a fresh issue of equity shares. The fixed price band for the shares is set between Rs 123 and Rs 130 per equity share. A substantial part of the funds raised will be directed towards marketing and advertising initiatives, with an aim to boost brand recognition and market presence.

Furthermore, Ravelcare plans to invest in expanding its operational capacity by establishing a new manufacturing facility in Amravati. The beauty brand, established in 2018, operates a direct-to-consumer model, offering a diverse range of haircare, skincare, and bodycare products through e-commerce and quick-commerce platforms across India and internationally. The shares are slated for listing on the BSE SME platform.