Revelcare’s IPO is receiving an extraordinary response from investors. The public issue opened for subscription on December 1, and within just a few hours, it was fully subscribed.
By 1 pm on the first day, the IPO was already subscribed more than five times. Investors can apply for the IPO until December 3.
Revelcare’s shares are also performing strongly in the grey market, where they are trading at a 40% premium.
The IPO price is Rs 130, while the grey market premium (GMP) is Rs 52, indicating that the shares may be listed at around Rs 182.
This means investors who receive share allotments could earn over 40% profit on the listing day. Revelcare shares are expected to be listed on Monday, December 8.
About the Company
Revelcare Limited was established in November 2018. It is a digital-first beauty and personal care brand offering a wide range of haircare, skincare, and bodycare products.
The company sells through its own website as well as platforms like Amazon, Flipkart, Blinkit, and Myntra.
In FY 2024–25, the company expanded internationally and now serves customers in the UAE, Australia, Canada, Germany, the United States, and Saudi Arabia.
IPO Subscription Details
By 1 pm on the opening day, Revelcare’s IPO was subscribed 5.10 times in total.
The retail investor quota was subscribed 5.80 times, while non-institutional investors (NIIs) subscribed 5.57 times.
In the Qualified Institutional Buyers (QIB) category, the issue was subscribed 3.52 times.
Retail investors can apply for a maximum of 2 lots, and each lot contains 1,000 shares. Therefore, 2 lots include 2,000 shares, requiring an investment of Rs 2.60 lakh.
