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News Details

( As on 24/11/2025 17:20)

Ravelcare announces launch of initial public offering

Ravelcare Ltd. has announced public offering of 1854000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 120.00 per share. The gross proceeds of the issue are expected to be Rs 2,410.20 lakhs.

The company's initial public offer (IPO) will open on 01 December 2025 and is expected to close on 03 December 2025, subject to customary closing conditions. The price band of the issue has been fixed at Rs 123.00-130.00 per share.

The IPO includes a fresh Issue of 1854000 Equity Shares of the Company at an price of Rs 130.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 1000 shares with bids in multiples of 1000.

Ravelcare Ltd. anticipates using the proceeds of the issue for .

Marwadi Chandarana Intermediaries Brokers Pvt. Ltd as lead manager & KFin Technologies Ltd. is the registrar, to the issue.