Ravelcare Limited GMP: On Wednesday, 3rd December, the third trading day of the week, the IPO of Revelcare Limited is getting tremendous support. Investors are placing huge bets on the company’s shares. Investors have the last chance to place bets in the company today. The IPO started on 1 December.
Talking about the figures, till 11 am on today’s trading day, the company’s IPO had received more than 126 times subscribers. Besides, the company shares are also showing good response in the gray market. The company shares are trading in the gray market at about 60 percent premium.
The company is spreading its influence in the gray market
Revelcare Limited has fixed the price of its shares under the IPO at Rs 130. However, the company’s shares are trading at a premium of Rs 80 in the gray market. Due to which it is expected that the company can make a strong entry in the stock market.
Listing of the company’s shares is possible in the stock market on December 8, 2025. The company is bringing a public issue of Rs 24.10 crore in the market under IPO.
What does the company do?
Revelcare Limited was established in November 2018. It sells digital first beauty and personal care products. The company provides many products of haircare, skincare and bodycare to the customers.
The company mainly sells its products on quick commerce platforms like Amazon, Flipkart, Myntra and Blinkit along with its website. In the financial year 2024-25, Revelcare has also reached international markets. The company is now delivering its goods to customers in many countries including UAE, Australia, Canada, Germany, America and Saudi Arabia.
Disclaimer: (The information provided here is being given for information only. It is important to mention here that investment in the market is subject to market risks. Always take expert advice before investing money as an investor. ABPLive.com never advises anyone to invest money here.)
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