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Ravelcare's IPO, featured on Shark Tank India, delivered a 55% listing gain.
Summary
Ravelcare, a startup featured on Shark Tank India, experienced a successful IPO debut, with a 55% listing gain. The company raised Rs 24.10 crore through a fresh issue, indicating strong investor interest.
Key Points
- Ravelcare, a Shark Tank India-featured startup, had a successful IPO.
- The IPO was priced at Rs 130 per share.
- The company raised Rs 24.10 crore through a fresh issue.
- The IPO saw an overall subscription of 437.6 times.
Full Article
Ravelcare, a Shark Tank India-featured startup, made a strong public market debut on December 8, delivering a 55% listing gain after its IPO was priced at Rs 130 per share. The company raised Rs 24.10 crore through a 100% fresh issue, which saw overall subscription of 437.6 times, reflecting robust demand from retail, NII, and QIB investors.
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