Ravelcare Ltd - IPO

Ravelcare Ltd IPO Details

Initial public offer of up to 18,54,000 equity shares of face value of Rs.10/- each (Equity Shares) of Ravelcare Limited (the Company or the Issuer) at an issue price of Rs.130 per equity share (including a share premium of Rs.120 per equity share) for cash, aggregating up to Rs.24.10 crores (issue) out of which 94,000 equity shares of face value of Rs.10/- each, at an issue price of Rs.130 per equity share for cash, aggregating Rs.1.22 crores will be reserved for subscription by the market maker to the issue (the Market Maker Reservation Portion). The public issue less market maker reservation portion i.e. issue of 17,60,000 equity shares of face value of Rs. 10/- each, at an issue price of Rs. 130 per equity share for cash, aggregating up to Rs.22.88 crores is hereinafter referred to as the Net Issue. The issue and net issue will constitute 27.03 % and 25.66 % respectively of the post- issue paid-up equity share capital of the company.

Objective of issue

Marketing and advertisement expenses toward enhancing the awareness and visibility of its brand. Setting up a new manufacturing facility at Mauje-Peth in Amravati (Proposed facility). General corporate purposes.

Ravelcare Ltd Contact Details

Ravelcare Ltd, 301 The Centrium, 3rd Flr 57 LBS, Nav Pada Kurla(W), Mumbai-400 070

Phone - 91 40 6716 2222/18003094001

Fax -

Email - esha@ravelcare.com

Website - www.ravelcare.com