Ravelcare IPO Sees Massive 76x Subscription

Ravelcare’s IPO saw a strong response, getting subscribed 76 times, which signals high investor interest and demand. Key Details • Subscription Period: 1st – 3rd Dec • Listing Date: 8th Dec • Market Cap: ₹89 Cr • Subscription: 76x Fundamentals • PE Ratio: 17.1 → Looks reasonably priced • ROCE: 91% → Indicates strong business efficiency and return potential Takeaway: High subscription and strong financial metrics make it an IPO worth watching — but listing performance will depend on overall market sentiment.