Comparison between Ravelcare IPO and Systematic Industries IPO.
Ravelcare IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Systematic Industries IPO is a SME Bookbuilding proposed to list at BSE SME.
| Ravelcare IPO | Systematic Industries IPO | |
|---|---|---|
| Logo |  | |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Bookbuilding |
| Listing At | BSE SME | BSE SME |
| Lead Managers | Marwadi Chandarana Intermediaries Brokers Pvt.Ltd. | Hem Securities Ltd. |
| Registrar | Kfin Technologies Ltd. | Cameo Corporate Services Ltd. |
| Market Maker | SS Corporate Securities Ltd. | Hem Finlease Pvt.Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Final Prospectus | Final Prospectus | Final Prospectus |
| Anchor Investor | Anchor Investor | Anchor Investor |
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Ravelcare IPO is up to ₹22.88 Cr whereas the issue size of the Systematic Industries IPO is up to ₹109.75 Cr. The final issue price of Ravelcare IPO is ₹130.00 per share and of Systematic Industries IPO is ₹195.00 per share.
| Ravelcare IPO | Systematic Industries IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹123.00 per share | ₹185.00 per share |
| Issue Price (Upper) | ₹130.00 per share | ₹195.00 per share |
| Issue Price (Final) | ₹130.00 per share | ₹195.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 1000 shares | 600 shares |
| Fresh Issue Size | 17,60,000 shares | 52,28,000 shares |
| Fresh Issue Size (Amount) | up to ₹22.88 Cr | up to ₹101.95 Cr |
| OFS Issue Size | 0 shares | 4,00,000 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹7.80 Cr |
| Issue Size Total | 17,60,000 shares | 56,28,000 shares |
| Issue Size Total (Amount) | up to ₹22.88 Cr | up to ₹109.75 Cr |
Ravelcare IPO opens on Dec 01, 2025, while Systematic Industries IPO opens on Sep 24, 2025. The closing date of Ravelcare IPO and Systematic Industries IPO is Dec 03, 2025, and Sep 26, 2025, respectively.
| Ravelcare IPO | Systematic Industries IPO | |
|---|---|---|
| Anchor Bid Date | Nov 28, 2025 | Sep 23, 2025 |
| Issue Open | Dec 01, 2025 | Sep 24, 2025 |
| Issue Close | Dec 03, 2025 | Sep 26, 2025 |
| Basis Of Allotment (Tentative) | Dec 04, 2025 | Sep 29, 2025 |
| Initiation of Refunds (Tentative) | Dec 05, 2025 | Sep 30, 2025 |
| Credit of Share (Tentative) | Dec 05, 2025 | Sep 30, 2025 |
| Listing date (Tentative) | Dec 08, 2025 | Oct 01, 2025 |
| Anchor Lockin End date 1 | Jan 03, 2026 | Oct 29, 2025 |
| Anchor Lockin End date 2 | Mar 04, 2026 | Dec 28, 2025 |
Ravelcare IPO P/E ratio is 12.38, as compared to Systematic Industries IPO P/E ratio of 17.75.
| Ravelcare IPO | Systematic Industries IPO | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated)Ravelcare Ltd.'s revenue increased by 14% and profit after tax (PAT) rose by 5% between the financial year ending with March 31, 2025 and March 31, 2024.
| Company Financials (Restated)Systematic Industries Ltd.'s revenue increased by 21% and profit after tax (PAT) rose by 49% between the financial year ending with March 31, 2025 and March 31, 2024.
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 99.96 | 99.95 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 72.95 | 73.41 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 12.38 | 17.75 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹89.17 Cr. | ₹435.46 Cr. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 68.04% | 25.78% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 68.32% | 16.44% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 1.23 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹10.50 | ₹10.99 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 50.77% | 22.84% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Ravelcare IPO Retail Individual Investors (RII) are offered 6,20,000 shares while in Systematic Industries IPO retail investors are offered 6,20,000 shares. Qualified Institutional Buyers (QIB) are offered 3,51,000 shares in Ravelcare IPO and 11,25,600 shares in Systematic Industries IPO.
| Ravelcare IPO | Systematic Industries IPO | |
|---|---|---|
| Anchor Investor Reservation | 5,25,000 shares | 16,87,800 shares |
| Market Maker Reservation | 94,000 shares | 3,00,000 shares |
| QIB | 3,51,000 shares | 11,25,600 shares |
| NII | 2,64,000 shares | 8,44,200 shares |
| RII | 6,20,000 shares | 19,70,400 shares |
| Employee | 0 shares | 0 shares |
| Others | ||
| Total | 17,60,000 shares | 56,28,000 shares |
Ravelcare IPO subscribed 437.60x in total, whereas Systematic Industries IPO subscribed 6.20x.
| Ravelcare IPO | Systematic Industries IPO | |
|---|---|---|
| QIB (times) | 155.91x | 9.85x |
| NII (times) | 752.16x | 7.94x |
| Big NII (times) | 879.74x | 9.70x |
| Small NII (times) | 505.50x | 4.42x |
| RII (times) | 463.13x | 3.36x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 437.60x | 6.20x |
