Ravelcare Limited IPO
Ravelcare Limited is a digital-first beauty and personal care (BPC) company offering customized haircare, skincare, bodycare, and scalp care products. Through a direct-to-consumer (D2C) model backed by e-commerce and data-led product development, the company delivers personalized formulations tailored to individual skin and hair needs.
Business Model & Digital Distribution
Ravelcare operates through a digital-first distribution strategy, primarily selling via:
i) Its website
ii) Major e-commerce marketplaces: Amazon, Flipkart, Myntra
iii) Quick commerce platforms: Blinkit
The company emphasizes data-driven personalization, where users undergo online consultations that help recommend suitable product combinations based on specific concerns.
Product Portfolio
The company’s product range spans:
1. Haircare: shampoos, conditioners, masks, oils, and personalized treatments
2. Skincare: cleansers, serums, moisturizers, sunscreens, and targeted solutions for acne, dryness, pigmentation, etc.
3. Bodycare: body washes and lotions focused on hydration, cleansing, and barrier repair
4. Scalp Care: anti-dandruff tonic, hair growth serum, and approved formulations for hair fall control ampoules
Products are formulated internally and developed in collaboration with expert laboratories, enabling both standard and customized offerings.
Manufacturing & Supply Chain
Ravelcare currently operates through contract manufacturing arrangements with licensed third-party manufacturers. The company handles its own logistics and warehousing across key states in India. It plans to establish an in-house facility at Mauje-Peth, Amravati, Maharashtra, with a proposed capacity of 1,050 TPA, covering end-to-end processes from R&D to packaging and dispatch.
Business Strengths
i) Diversified Customer Base & Global Reach: Presence across India, and customer onboarding in UAE, Australia, Canada, Germany, USA, and Saudi Arabia (FY 2024-25).
ii) Digital-First D2C Strategy: Reduces intermediary costs and strengthens brand-customer relationships.
iii) Strong Personalization: Customized product matching through digital consultation enhances customer loyalty and experience.
iv) Consumer-Driven Product Innovation: Continuous improvement based on feedback, reviews, and structured data analysis.
Objects of the Ravelcare Limited IPO:
Ravelcare Limited IPO Details:
| Open Date: | Dec 01 2025 |
| Close Date: | Dec 03 2025 |
| Total Shares: | 18,54,000 |
| Face Value: | ₹ 10 Per Equity Share |
| Issue Type: | Book Building |
| Issue Size: | 24.10 Cr. |
| Lot Size: | 1000 Shares |
| Issue Price: | ₹ 123 -130 Per Equity Share |
| Listing At: | BSE SME |
| Listing Date: | Dec 08 2025 |
Promoters And Management:
Financials of Ravelcare Limited IPO:
| Particulars | 6M FY2025-26 | FY 2024-25 | FY 2023-2024 | FY 2022-2023 |
| Revenue from Operations (Cr) | 14.39 | 24.97 | 22.08 | 3.49 |
| EBITDA (Cr) | 4.32 | 6.81 | 6.64 | 0.50 |
| EBITDA Margins | 30.05% | 27.30% | 30.07% | 14.51% |
| PAT (Cr) | 3.19 | 5.25 | 5.02 | 0.41 |
| PAT Margins | 22.20% | 21.04% | 22.75% | 11.87% |
| ROCE | 32.01% | 69.32% | 133.05% | 106.11% |
| Debt to Equity Ratio(In Times) | - | - | 0.01 | 5.67 |
| OPerating Cash Flow | -0.34 | -0.55 | 6.41 | 1 |
Comparison With Peers:
According to RHP their is no listed Peers existed in same Business Segment.
Lead Manager of Ravelcare Limited IPO:
Registrar of Ravelcare Limited IPO:
Discussion on Ravelcare Limited IPO:
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