Ravelcare shares soar 55% on BSE SME debut

• Ravelcare shares debuted on December 8 on the BSE SME platform.
• The shares listed at Rs 201, a 55% premium over the IPO price of Rs 130.
• The company, which makes custom hair and skincare products, had a market capitalization of Rs 138 crore at listing.
• Ravelcare's IPO raised Rs 24.1 crore and was subscribed 406 times.
• IPO proceeds will fund marketing, a new manufacturing unit in Amravati, and general corporate purposes.

Why It Matters: Ravelcare's 55% premium debut highlights strong SME IPO market potential.