Ravelcare’s IPO opened on December 1 with a plan to raise ₹24.10 crore through a fresh issue.
The price band is fixed at ₹123–₹130 per share, and the minimum retail application requires two lots, totalling 2,000 shares.
On Day 1, the IPO saw strong interest, getting subscribed around six to seven times, driven mainly by retail and SME investors.
The grey-market premium hovered near ₹52, indicating expectations of healthy listing gains.
The public issue closes on December 3, with allotment likely on December 4. Shares are scheduled to list on the BSE SME platform on December 8.