Ravelcare Ltd IPO
Status: Closed
Overview
IPO date
01 Dec 2025 to 03 Dec 2025
Face value
₹ 0 per share
Price
₹ 123 to ₹130 per share
Issue Size
1,854,000 shares
(aggregating up to ₹ 24.1 Cr)
(aggregating up to ₹ 24.1 Cr)
Allotment Date
04 Dec 2025
Listing at
NSE
Issue type
Book Building - SME
Sector
E-Commerce/App based Aggregator
Objectives of Ravelcare Ltd IPO
Ravelcare Ltd IPO Strategy
About Ravelcare Ltd
Unlock Stock of the Month
T&C*
Strengths vs Risks of Ravelcare Ltd
Know the pros & cons
Strengths
Diversified customer base having a wide geographic presence.- Digital Distribution Channel.
- Strong Customer relationships.
- Product Innovations.
- Consistent track record of growth and financial performance.
- Strong technology backbone supported by a dedicated team.
Risks
- There are certain pending legal proceeding involving Director of the Company. Any adverse outcome on such proceeding may affect its business, financial condition and reputation.
- The company has certain outstanding litigation against it, an adverse outcome of which may adversely affect the company business, reputation and results of operations.
- The Company has faced losses in the past.
- The Company is dependent on few suppliers for purchase of products. Loss of any of these large suppliers may affect its business operations.
- The company does not own its Registered Office from where its operations are being conducted and have been taken on lease. Any difficulty in seeking renewal or extension of such lease terms may cause disruption in its operations.
- There have been some instances of delay in filing of statutory and regulatory dues in the past with the various government authorities.
- The company has historically not complied with Employee State Insurance (ESI) Regulations.
- Its dependence on third-party manufacturer for all the company products subjects it to risks, which, if realized, could adversely affect the company business, results of operations, cash flows and financial condition.
- The company is significantly dependent on its Website and Digital Media Marketing for the sale of the company products.
- The company may be subject to product liability claims from the company customers. Any claims arising from such liabilities may harm its reputation, requires it to incur substantial costs and/or have an adverse impact on the company business, financial conditions and results of operations.
- If the company fails to identify and effectively respond to changing consumer preferences and spending patterns or changing beauty and personal care trends in a timely manner, the demand for its products could decrease, causing the company business, results of operations, financial condition and cash flows to be adversely affected.
- In case of its inability to obtain, renew or maintain the statutory and regulatory licenses, permits and approvals required to operate the company business it may have a material adverse effect on its business.
- The company Promoter will continue to retain significant shareholding in the company after this Issue, which will allow them to exercise significant influence over it and any substantial change in its Promoter's shareholding may have an impact on the trading price of the company Equity Shares which could have an adverse effect on its business, financial condition, results of operations and cash flows.
- Its Promoter, Directors and Key Management Personnel may have interests other than reimbursement of expenses incurred and receipt of remuneration or benefits from the Company. Its Promoter and Directors may have interest in entities, which are in businesses similar to its and this may result in conflict of interest with the company.
- The Company is in use of trademarks which has been either opposed, objected or not registered under the Trademarks Act, 1999 as on date of Draft Red Herring Prospectus. Thus, its may be subject to claims alleging breach of third-party intellectual property rights.
- The company net cash flows from operating activities have been negative in some years in the past. Any negative cash flow in the future may affect its liquidity and financial condition.
- The average cost of acquisition of Equity Shares by its Promoter is lower than the issue price.
- The company has issued Equity Shares during the last one year at a price that may be below the issue Price.
- The company has to update the registered office address of the company in some of the statutory approvals, certificates, licenses and registrations due to the change in the registered office of the Company.
- The company requires several approvals, NOCs, licenses, registrations and permits in the ordinary course of its business. Some of the approvals are required to be transferred in the name of "Ravelcare Limited" from "Ravelcare Private Limited" pursuant to name change of the company and any failures or delay in obtaining the same in a timely manner may adversely affect its operations.
- The improper handling, processing or storage of its products or materials (both present or future), or spoilage of and damage to such products or materials, or any real or perceived contamination in its products or materials, could subject it to regulatory action, damage its reputation and have an adverse effect on the company business, results of operations and financial condition.
- The launch of new products that prove to be unsuccessful could affect its growth plans which could adversely affect the company business, financial condition, cash flows and results of operations.
- Maintaining and enhancing its brand and product offering is critical to expanding the company customer base and suppliers.
- If the company is unable to identify consumer demand accurately and maintain an optimal level of inventory, its business, results of operations, cash flows and financial condition may be adversely affected.
- The company relies on its relationships with certain marketplaces and web traffic drivers for sales through the company online channel.
- The company is dependent on several third-party service providers to sell its products to consumer, and on third party technology providers for certain aspects of the company operations. Any disruptions or inefficiencies in these operations may adversely affect its business, financial condition, cash flows and results of operations.
- Its technology infrastructure and the technology infrastructure of the company third-party providers are susceptible to security breaches and cyber-attacks.
- The company is subject to payment-related risks, including risks associated with cash on delivery and payment processing risks.
- Its business depends on the company ability to maintain and scale its technology. Any interruptions or delays in service on the company websites or any undetected errors or design faults could result in limited capacity, reduced demand, processing delays, and loss of consumers, suppliers or sellers.
- Its business depends upon the user utilization, growth of e-commerce industry in India and continued acceptance of digital platforms.
- The company faces intense competition which may lead to a reduction in its market share, cause the company to increase its expenditure on marketing and promotion as well as cause the company to offer discounts, which may result in an adverse effect on its business and a decline in the company profitability.
- The success of its business depends substantially on the company management team and operational workforce. Its inability to retain them could adversely affect the company businesses.
- Its may not be successful in implementing the company business strategies.
- No insurance coverage obtained by it to protect the company against all potential losses to which its may be subject to and this may have a material effect on the company business and financial condition.
- The company is subject to risk of fraud, theft, embezzlement by its employees, contractors and customers, employee negligence or similar incidents may adversely affect its results of operations and financial condition.
- There is no monitoring agency appointed by the Company and deployment of funds are at the discretion of its Management and the company Board of Directors, though it shall be monitored by the Audit Committee.
- Its ability to pay dividends in the future will depends on the company earnings, financial condition, working capital requirements, capital expenditures and restrictive covenants of its financing arrangements.
- Delay in raising funds from the IPO could adversely impact the implementation schedule.
- If any digital marketing channels become unavailable in India, its business operations could faces temporary disruptions. This may adversely impact its business, operational results, financial condition, and cash flows.
- Our dependence on third-party contract manufacturer for all our products subjects us to risks, which, if realized, could adversely affect our business, results of operations, cash flows and financial condition.
- We intend to utilize a portion of the Net proceeds for setting up the Proposed Manufacturing Facility at Mauje Peth, Amravati, Maharashtra. We are yet to place orders for plant, machinery and equipment and apply for requisite government approvals for the Proposed Manufacturing Facility. If we are unable to commission our Proposed Manufacturing Facility without time and cost overruns or unable to adhere to the schedule of implementation, it may adversely affect our business, results of operations and financial conditions.
- There can be no assurance that the Objects of the Issue will be achieved within the time frame anticipated or at all, or that the deployment of the Net Proceeds in the manner intended by us will result in any increase in the value of your investment. Further, the plan for deployment of the Net Proceeds has not been appraised by any bank or financial institution.
- Our net cash flows from investing and financing activities have been negative in some years in the past. Any negative cash flow in the future may affect our liquidity and financial condition.
- The company derive a significant amount of revenue from Haircare products. Any decrease in the sales of the company haircare products will adversely affect its business, cash flows, financial condition and results of operations.
- Its significantly dependent on the company Website and Digital Media Marketing for the sale of the company products.
- The Company is in use of trademarks which has been either opposed, objected or not registered under the Trademarks Act, 1999 as on date of Red Herring Prospectus. Thus, its may be subject to claims alleging breach of third-party intellectual property rights.
- The company does not own its Registered Office from where the company operations are being conducted and have been taken on lease. Any difficulty in seeking renewal or extension of such lease terms may cause disruption in the company operations.
- The company has been some instances of delay in filing of statutory and regulatory dues in the past with the various government authorities.
- The company success depends on its ability to develop new products in a timely manner. If the company research and development efforts does not succeed it may hinder the introduction of new products, and could adversely affect the company business, financial condition and results of operations.
- Its may be subject to product liability claims from the company customers. Any claims arising from such liabilities may harm the company reputation, require it to incur substantial costs and/or have an adverse impact on the company business, financial conditions and results of operations.
- The company dependent on several third-party service providers and aggregators to deliver the company products to consumer, and on third party technology providers for certain aspects of its operations. Any disruptions or inefficiencies in these operations may adversely affect the company business, financial condition, cash flows and results of operations.
- The company Promoter, Ayush Mahesh Varma has limited or no experience in Manufacturing Operations.
- No insurance coverage obtained by it to protect it against all potential losses to which we may be subject to and this may have a material effect on the company business and financial condition.
- If the company fail to identify and effectively respond to changing consumer preferences and spending patterns or changing beauty and personal care trends in a timely manner, the demand for the company products could decrease, causing its business, results of operations, financial condition and cash flows to be adversely affected.
- In case of the company inability to obtain, renew or maintain the statutory and regulatory licenses, permits and approvals required to operate the company business it may have a material adverse effect on the company business.
- The improper handling, processing or storage of the company products or materials (both present or future), or spoilage of and damage to such products or materials, or any real or perceived contamination in its products or materials, could subject us to regulatory action, damage the company reputation and has an adverse effect on the company business, results of operations and financial condition.
- The company has certain outstanding litigation against it, an adverse outcome of which may adversely affect the company business, reputation and results of operations.
- In case of the company inability to obtain, renew or maintain the statutory and regulatory licenses, permits and approvals required to operate its business it may have a material adverse effect on the company business.
- There are certain delayed filings noticed in some of the company corporate records relating to forms filed with the Registrar of Companies.
- If the company unable to identify consumer demand accurately and maintain an optimal level of inventory, its business, results of operations, cash flows and financial condition may be adversely affected.
- The company rely on its relationships with certain marketplaces and web traffic drivers for sales through its online channel.
- The technology infrastructure of the company and of the third-party service providers are susceptible to security breaches and cyber-attacks.
- Its subject to payment-related risks, including risks associated with cash on delivery and payment processing risks.
- The company business depends on its ability to maintain and scale the company technology. Any interruptions or delays in service on the company websites or any undetected errors or design faults could result in limited capacity, reduced demand, processing delays, and loss of consumers, suppliers or sellers.
- Its business depends upon the user utilization, growth of e-commerce industry in India and continued acceptance of digital platforms.
- There is no guarantee that the Equity Shares issued pursuant to the Issue will be listed on the SME Platform of BSE Limited in a timely manner or at all.
- The average cost of acquisition of Equity Shares by the company Promoters may be lower than the Floor Price.
- Its ability to pay dividends in the future will depend on the company earnings, financial condition, working capital requirements, capital expenditures and restrictive covenants of the company financing arrangements.
- The company face intense competition which may lead to a reduction in its market share, cause it to increase the company expenditure on marketing and promotion as well as cause it to offer discounts, which may result in an adverse effect on its business and a decline in the company profitability.
- The company inability to effectively manage the company growth or to successfully implement its business plan and growth strategies could have an adverse effect on the company business, results of operations and financial condition. The success of its business will depend greatly on the company ability to effectively implement the company business and growth strategies.
- Its subject to risk of fraud, theft, embezzlement by the company employees and customers, employee negligence or similar incidents may adversely affect its results of operations and financial condition.
- Any failure or significant weakness of the company internal controls system could cause operational errors or incidents of fraud, which would adversely affect its profitability and reputation.
- The determination of the Price Band is based on various factors and assumptions and the Issue Price of the Equity Shares may not be indicative of the market price of the Equity Shares after the Issue.
- The company has in the past entered into related party transactions and may continue to does so in the future.
- The company funding requirements and the proposed deployment of Net Proceeds are not appraised by any independent agency, which may affect the company business and results of operations.
- There may be potential conflicts of interest if the company Promoters or Directors get involved in any business activities that compete with or are in the same line of activity as its business operations.
- Its success largely depends upon the knowledge and experience of the company Promoters, Directors, its Key Managerial Personnel and Senior Management as well as its ability to attract and retain personnel with technical expertise. Any loss of the company Promoter, Directors, Key Managerial Personnel, Senior Management or the company ability to attract and retain them and other personnel with technical expertise could adversely affect the company business, financial condition and results of operations.
- In addition to normal remuneration or benefits and reimbursement of expenses, some of the company directors and key managerial personnel are interested in the Company to the extent of their shareholding and dividend entitlement, if any in the Company.
- None of the company Directors and KMPs except Bhuvnesh Kumar and Shruti Rajesh Sohane possess experience of being on the board of any listed company.
- The company has not commissioned an industry report for the disclosures made in the chapter titled "Industry Overview" and made disclosures on the basis of the data available on the internet.
- The company has not made any alternate arrangements for meeting its capital requirements for the Objects of the Issue. Further the company has not identified any alternate source of financing the `Objects of the Issue'.
- There is no monitoring agency appointed by the Company and deployment of funds are at the discretion of the company Management and its Board of Directors, though it shall be monitored by the Audit Committee.
- The continuing effect of the COVID-19 pandemic on the company business and operations is highly uncertain and cannot be predicted.
- Any variation in the utilization of the Net Proceeds as disclosed in this Red Herring Prospectus shall be subject to certain compliance requirements, including prior Shareholders' approval.
- The requirements of being a public listed company may strain the company resources and impose additional requirements.
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The IPO opens on 01 Dec 2025 & closes on 03 Dec 2025.
Ravelcare Limited, originally incorporated and registered as a Private Limited Company in the name and style of 'Ravelcare Private Limited' dated November 29, 2018 issued by Central Registration Centre was converted into a Public Limited and the Company name was changed to 'Ravelcare Limited', vide fresh Certificate of Incorporation dated June 14, 2024 issued by Registrar of Companies, Central Processing Centre.
The Company is engaged in trading of variety of Personal Care Products such as Haircare, Skincare, Bodycare solutions and other related products. The Company's product development process is deeply rooted in product research and innovation. It collaborate with experts in cosmetology to ensure the products meet the highest standards of safety and efficacy. Additionally, customer feedback plays a crucial role in refining their offerings, ensuring they consistently meet the evolving needs of clients.
Their diverse product profile encompasses three main categories i.e., customized haircare, skincare and bodycare each designed to cater to individual needs and preferences. Their haircare range offers a comprehensive selection of shampoos, conditioners, treatments, and styling products. Tailored to diverse hair types and concerns, the solutions enable customers to personalize their haircare routine to combat issues ranging from frizz and damage to dandruff and hair fall.
Their skincare line features products, including cleansers, serums, moisturizers, sunscreen and targeted treatments, crafted to address specific skin concerns such as aging, acne, dryness, and sensitivity. Finally, the customized bodycare products encompass body wash and body lotion, contributing to nourishing, moisturizing, and rejuvenating the skin.
The Company launched the IPO by issuing 18,54,000 equity shares of Rs 10 each and raised Rs 24.10 crores in December, 2025.
Ravelcare Ltd IPO will close on 03 Dec 2025.
- Diversified customer base having a wide geographic presence.
- Digital Distribution Channel.
- Strong Customer relationships.
- Product Innovations.
- Consistent track record of growth and financial performance.
- Strong technology backbone supported by a dedicated team.
| S.No | Promoters Name | Pre Issue Shares | Pre Issue Percentage | Post Issue Shares | Post Issue Percentage |
|---|---|---|---|---|---|
| 1 | Ayush Mahesh Varma | 4400000 | 87.91 | 4400000 | 64.15 |
| 2 | Maheshkumar Ramchandra Varma | 201001 | 4.02 | 201001 | 2.93 |
| 3 | Anita Mahesh Varma | 199995 | 3.99 | 199995 | 2.92 |
| 4 | Kritika Aggarwal | 201001 | 4.02 | 201001 | 2.93 |
| 5 | Jyoti Aggarwal | 1001 | 0.02 | 1001 | --- |
- There are certain pending legal proceeding involving Director of the Company. Any adverse outcome on such proceeding may affect its business, financial condition and reputation.
- The company has certain outstanding litigation against it, an adverse outcome of which may adversely affect the company business, reputation and results of operations.
- The Company has faced losses in the past.
- The Company is dependent on few suppliers for purchase of products. Loss of any of these large suppliers may affect its business operations.
- The company does not own its Registered Office from where its operations are being conducted and have been taken on lease. Any difficulty in seeking renewal or extension of such lease terms may cause disruption in its operations.
- There have been some instances of delay in filing of statutory and regulatory dues in the past with the various government authorities.
- The company has historically not complied with Employee State Insurance (ESI) Regulations.
- Its dependence on third-party manufacturer for all the company products subjects it to risks, which, if realized, could adversely affect the company business, results of operations, cash flows and financial condition.
- The company is significantly dependent on its Website and Digital Media Marketing for the sale of the company products.
- The company may be subject to product liability claims from the company customers. Any claims arising from such liabilities may harm its reputation, requires it to incur substantial costs and/or have an adverse impact on the company business, financial conditions and results of operations.
- If the company fails to identify and effectively respond to changing consumer preferences and spending patterns or changing beauty and personal care trends in a timely manner, the demand for its products could decrease, causing the company business, results of operations, financial condition and cash flows to be adversely affected.
- In case of its inability to obtain, renew or maintain the statutory and regulatory licenses, permits and approvals required to operate the company business it may have a material adverse effect on its business.
- The company Promoter will continue to retain significant shareholding in the company after this Issue, which will allow them to exercise significant influence over it and any substantial change in its Promoter's shareholding may have an impact on the trading price of the company Equity Shares which could have an adverse effect on its business, financial condition, results of operations and cash flows.
- Its Promoter, Directors and Key Management Personnel may have interests other than reimbursement of expenses incurred and receipt of remuneration or benefits from the Company. Its Promoter and Directors may have interest in entities, which are in businesses similar to its and this may result in conflict of interest with the company.
- The Company is in use of trademarks which has been either opposed, objected or not registered under the Trademarks Act, 1999 as on date of Draft Red Herring Prospectus. Thus, its may be subject to claims alleging breach of third-party intellectual property rights.
- The company net cash flows from operating activities have been negative in some years in the past. Any negative cash flow in the future may affect its liquidity and financial condition.
- The average cost of acquisition of Equity Shares by its Promoter is lower than the issue price.
- The company has issued Equity Shares during the last one year at a price that may be below the issue Price.
- The company has to update the registered office address of the company in some of the statutory approvals, certificates, licenses and registrations due to the change in the registered office of the Company.
- The company requires several approvals, NOCs, licenses, registrations and permits in the ordinary course of its business. Some of the approvals are required to be transferred in the name of "Ravelcare Limited" from "Ravelcare Private Limited" pursuant to name change of the company and any failures or delay in obtaining the same in a timely manner may adversely affect its operations.
- The improper handling, processing or storage of its products or materials (both present or future), or spoilage of and damage to such products or materials, or any real or perceived contamination in its products or materials, could subject it to regulatory action, damage its reputation and have an adverse effect on the company business, results of operations and financial condition.
- The launch of new products that prove to be unsuccessful could affect its growth plans which could adversely affect the company business, financial condition, cash flows and results of operations.
- Maintaining and enhancing its brand and product offering is critical to expanding the company customer base and suppliers.
- If the company is unable to identify consumer demand accurately and maintain an optimal level of inventory, its business, results of operations, cash flows and financial condition may be adversely affected.
- The company relies on its relationships with certain marketplaces and web traffic drivers for sales through the company online channel.
- The company is dependent on several third-party service providers to sell its products to consumer, and on third party technology providers for certain aspects of the company operations. Any disruptions or inefficiencies in these operations may adversely affect its business, financial condition, cash flows and results of operations.
- Its technology infrastructure and the technology infrastructure of the company third-party providers are susceptible to security breaches and cyber-attacks.
- The company is subject to payment-related risks, including risks associated with cash on delivery and payment processing risks.
- Its business depends on the company ability to maintain and scale its technology. Any interruptions or delays in service on the company websites or any undetected errors or design faults could result in limited capacity, reduced demand, processing delays, and loss of consumers, suppliers or sellers.
- Its business depends upon the user utilization, growth of e-commerce industry in India and continued acceptance of digital platforms.
- The company faces intense competition which may lead to a reduction in its market share, cause the company to increase its expenditure on marketing and promotion as well as cause the company to offer discounts, which may result in an adverse effect on its business and a decline in the company profitability.
- The success of its business depends substantially on the company management team and operational workforce. Its inability to retain them could adversely affect the company businesses.
- Its may not be successful in implementing the company business strategies.
- No insurance coverage obtained by it to protect the company against all potential losses to which its may be subject to and this may have a material effect on the company business and financial condition.
- The company is subject to risk of fraud, theft, embezzlement by its employees, contractors and customers, employee negligence or similar incidents may adversely affect its results of operations and financial condition.
- There is no monitoring agency appointed by the Company and deployment of funds are at the discretion of its Management and the company Board of Directors, though it shall be monitored by the Audit Committee.
- Its ability to pay dividends in the future will depends on the company earnings, financial condition, working capital requirements, capital expenditures and restrictive covenants of its financing arrangements.
- Delay in raising funds from the IPO could adversely impact the implementation schedule.
- If any digital marketing channels become unavailable in India, its business operations could faces temporary disruptions. This may adversely impact its business, operational results, financial condition, and cash flows.
- Our dependence on third-party contract manufacturer for all our products subjects us to risks, which, if realized, could adversely affect our business, results of operations, cash flows and financial condition.
- We intend to utilize a portion of the Net proceeds for setting up the Proposed Manufacturing Facility at Mauje Peth, Amravati, Maharashtra. We are yet to place orders for plant, machinery and equipment and apply for requisite government approvals for the Proposed Manufacturing Facility. If we are unable to commission our Proposed Manufacturing Facility without time and cost overruns or unable to adhere to the schedule of implementation, it may adversely affect our business, results of operations and financial conditions.
- There can be no assurance that the Objects of the Issue will be achieved within the time frame anticipated or at all, or that the deployment of the Net Proceeds in the manner intended by us will result in any increase in the value of your investment. Further, the plan for deployment of the Net Proceeds has not been appraised by any bank or financial institution.
- Our net cash flows from investing and financing activities have been negative in some years in the past. Any negative cash flow in the future may affect our liquidity and financial condition.
- The company derive a significant amount of revenue from Haircare products. Any decrease in the sales of the company haircare products will adversely affect its business, cash flows, financial condition and results of operations.
- Its significantly dependent on the company Website and Digital Media Marketing for the sale of the company products.
- The Company is in use of trademarks which has been either opposed, objected or not registered under the Trademarks Act, 1999 as on date of Red Herring Prospectus. Thus, its may be subject to claims alleging breach of third-party intellectual property rights.
- The company does not own its Registered Office from where the company operations are being conducted and have been taken on lease. Any difficulty in seeking renewal or extension of such lease terms may cause disruption in the company operations.
- The company has been some instances of delay in filing of statutory and regulatory dues in the past with the various government authorities.
- The company success depends on its ability to develop new products in a timely manner. If the company research and development efforts does not succeed it may hinder the introduction of new products, and could adversely affect the company business, financial condition and results of operations.
- Its may be subject to product liability claims from the company customers. Any claims arising from such liabilities may harm the company reputation, require it to incur substantial costs and/or have an adverse impact on the company business, financial conditions and results of operations.
- The company dependent on several third-party service providers and aggregators to deliver the company products to consumer, and on third party technology providers for certain aspects of its operations. Any disruptions or inefficiencies in these operations may adversely affect the company business, financial condition, cash flows and results of operations.
- The company Promoter, Ayush Mahesh Varma has limited or no experience in Manufacturing Operations.
- No insurance coverage obtained by it to protect it against all potential losses to which we may be subject to and this may have a material effect on the company business and financial condition.
- If the company fail to identify and effectively respond to changing consumer preferences and spending patterns or changing beauty and personal care trends in a timely manner, the demand for the company products could decrease, causing its business, results of operations, financial condition and cash flows to be adversely affected.
- In case of the company inability to obtain, renew or maintain the statutory and regulatory licenses, permits and approvals required to operate the company business it may have a material adverse effect on the company business.
- The improper handling, processing or storage of the company products or materials (both present or future), or spoilage of and damage to such products or materials, or any real or perceived contamination in its products or materials, could subject us to regulatory action, damage the company reputation and has an adverse effect on the company business, results of operations and financial condition.
- The company has certain outstanding litigation against it, an adverse outcome of which may adversely affect the company business, reputation and results of operations.
- In case of the company inability to obtain, renew or maintain the statutory and regulatory licenses, permits and approvals required to operate its business it may have a material adverse effect on the company business.
- There are certain delayed filings noticed in some of the company corporate records relating to forms filed with the Registrar of Companies.
- If the company unable to identify consumer demand accurately and maintain an optimal level of inventory, its business, results of operations, cash flows and financial condition may be adversely affected.
- The company rely on its relationships with certain marketplaces and web traffic drivers for sales through its online channel.
- The technology infrastructure of the company and of the third-party service providers are susceptible to security breaches and cyber-attacks.
- Its subject to payment-related risks, including risks associated with cash on delivery and payment processing risks.
- The company business depends on its ability to maintain and scale the company technology. Any interruptions or delays in service on the company websites or any undetected errors or design faults could result in limited capacity, reduced demand, processing delays, and loss of consumers, suppliers or sellers.
- Its business depends upon the user utilization, growth of e-commerce industry in India and continued acceptance of digital platforms.
- There is no guarantee that the Equity Shares issued pursuant to the Issue will be listed on the SME Platform of BSE Limited in a timely manner or at all.
- The average cost of acquisition of Equity Shares by the company Promoters may be lower than the Floor Price.
- Its ability to pay dividends in the future will depend on the company earnings, financial condition, working capital requirements, capital expenditures and restrictive covenants of the company financing arrangements.
- The company face intense competition which may lead to a reduction in its market share, cause it to increase the company expenditure on marketing and promotion as well as cause it to offer discounts, which may result in an adverse effect on its business and a decline in the company profitability.
- The company inability to effectively manage the company growth or to successfully implement its business plan and growth strategies could have an adverse effect on the company business, results of operations and financial condition. The success of its business will depend greatly on the company ability to effectively implement the company business and growth strategies.
- Its subject to risk of fraud, theft, embezzlement by the company employees and customers, employee negligence or similar incidents may adversely affect its results of operations and financial condition.
- Any failure or significant weakness of the company internal controls system could cause operational errors or incidents of fraud, which would adversely affect its profitability and reputation.
- The determination of the Price Band is based on various factors and assumptions and the Issue Price of the Equity Shares may not be indicative of the market price of the Equity Shares after the Issue.
- The company has in the past entered into related party transactions and may continue to does so in the future.
- The company funding requirements and the proposed deployment of Net Proceeds are not appraised by any independent agency, which may affect the company business and results of operations.
- There may be potential conflicts of interest if the company Promoters or Directors get involved in any business activities that compete with or are in the same line of activity as its business operations.
- Its success largely depends upon the knowledge and experience of the company Promoters, Directors, its Key Managerial Personnel and Senior Management as well as its ability to attract and retain personnel with technical expertise. Any loss of the company Promoter, Directors, Key Managerial Personnel, Senior Management or the company ability to attract and retain them and other personnel with technical expertise could adversely affect the company business, financial condition and results of operations.
- In addition to normal remuneration or benefits and reimbursement of expenses, some of the company directors and key managerial personnel are interested in the Company to the extent of their shareholding and dividend entitlement, if any in the Company.
- None of the company Directors and KMPs except Bhuvnesh Kumar and Shruti Rajesh Sohane possess experience of being on the board of any listed company.
- The company has not commissioned an industry report for the disclosures made in the chapter titled "Industry Overview" and made disclosures on the basis of the data available on the internet.
- The company has not made any alternate arrangements for meeting its capital requirements for the Objects of the Issue. Further the company has not identified any alternate source of financing the `Objects of the Issue'.
- There is no monitoring agency appointed by the Company and deployment of funds are at the discretion of the company Management and its Board of Directors, though it shall be monitored by the Audit Committee.
- The continuing effect of the COVID-19 pandemic on the company business and operations is highly uncertain and cannot be predicted.
- Any variation in the utilization of the Net Proceeds as disclosed in this Red Herring Prospectus shall be subject to certain compliance requirements, including prior Shareholders' approval.
- The requirements of being a public listed company may strain the company resources and impose additional requirements.
The Issue type of Ravelcare Ltd is Book Building - SME.
The minimum application for shares of Ravelcare Ltd is 2000.
The total shares issue of Ravelcare Ltd is 1854000.
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.