Ravelcare IPO Day 2, Dec. 2 -- The initial public offering (IPO) of Ravelcare opened for public subscription on December 1 and will remain open until Wednesday, December 3. This Rs.24.10 crore SME IPO is entirely a fresh issue comprising 19 lakh equity shares, with no offer for sale (OFS) component included.

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

Marwadi Chandarana Intermediaries Brokers Pvt. Ltd. is acting as the book-running lead manager, while Kfin Technologies Ltd. is serving as the registrar to the issue. SS Corporate Securities Ltd. has been appointed as the market maker.

The basis of allotment is expected to be finalised on Thursday, December 4. Equity shares are likely to be credi...