Ravelcare IPO Sees Exceptional Demand, Subscribed 437.60x on Day 3

Ravelcare Limited's initial public offering (IPO) has demonstrated exceptional investor interest through its third day of subscription. The stock price band is set at ₹123-130 per share. The ₹24.10 crore IPO reached 437.60 times by 5:09:35 PM on day three. This indicates exceptional investor interest in this digital-first beauty and personal care brand incorporated in 2018.
Ravelcare IPO non-institutional investors segment leads with extraordinary 752.16 times subscription. Individual investors demonstrate exceptional participation at 463.13 times. Qualified institutional buyers display exceptional interest at 155.91 times.

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Ravelcare IPO subscription reached exceptional 437.60 times on day three. It was led by Non-Institutional Investors (752.16x), Individual Investors (463.13x), and Qualified Institutional Buyers Ex-Anchor (155.91x). 

Subscription Status of Ravelcare IPO:

Here are the subscription details for Ravelcare IPO as of Day 3 (December 3, 2025, 5:09:35 PM):

Key Highlights - Day 3:

• Overall subscription reached exceptional 437.60 times, showing extraordinary improvement from day two's 81.55 times
• Individual investors showing exceptional confidence at 463.13 times, building substantially from day two's 95.47 times, indicating exceptional retail demand for this SME IPO
• Total applications reached 1,77,452, showing exceptional investor participation for this SME IPO
• Cumulative bid amount reached ₹7,025.63 crores, significantly exceeding the net offer size of ₹22.88 crores (excluding anchor and market maker portions) by over 307 times
• Market makers fully subscribed their allocation of ₹1.22 crores
  Issue price fixed at ₹130 per share (upper band), reflecting strong market demand

Ravelcare IPO - Day 2 Subscription at 81.55 Times

Key Highlights - Day 2:

• Overall subscription reached exceptional 81.55 times, showing substantial improvement from day one's 15.50 times
• Non-institutional investors displaying exceptional interest at 148.16 times, building substantially from day one's 25.81 times
• Individual investors showing exceptional confidence at 95.47 times, building substantially from day one's 17.89 times
• Qualified institutional buyers showing strong performance at 6.86 times, marginally improving from day one's 3.52 times

Ravelcare IPO - Day 1 Subscription at 15.50 Times

Key Highlights - Day 1:

• Overall subscription reached exceptional 15.50 times, showing strong initial investor interest
• Non-institutional investors displaying exceptional confidence at 25.81 times, indicating very strong HNI appetite
• Individual investors showing exceptional performance at 17.89 times, indicating robust retail interest
• Qualified institutional buyers showing moderate participation at 3.52 times, indicating measured institutional appetite

About Ravelcare Limited

Incorporated in November 2018, Ravelcare Limited is a digital-first beauty and personal care (BPC) brand offering a comprehensive range of haircare, skincare, bodycare, and scalp care products tailored to individual needs. The company operates primarily through its website and online marketplaces such as Amazon, Flipkart, and Myntra, along with quick commerce platforms like Blinkit. In FY 2024–25, Ravelcare expanded internationally, catering to customers in the UAE, Australia, Canada, Germany, USA, and Saudi Arabia.