Ravelcare IPO Day 1, Dec. 1 -- The initial public offering (IPO) of Ravelcare opened for public subscription today, December 1, and will conclude on Wednesday, December 3. The Rs.24.10 crore SME issue is entirely a fresh issuance of 19 lakh shares with no offer for sale (OFS) component.

The price band for the Ravelcare IPO has been set between Rs.123 and Rs.130 per equity share.

Marwadi Chandarana Intermediaries Brokers Pvt.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. The Market Maker of the company is SS Corporate Securities Ltd.

The basis of allotment for the Ravelcare IPO is expected to be finalised on Thursday, December 4. Successful applicants are likely to receive the shares on F...