Comparison between Ravelcare IPO and Twinkle Papers IPO.
Ravelcare IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Twinkle Papers IPO is a SME Bookbuilding proposed to list at BSE SME.
| Ravelcare IPO | Twinkle Papers 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. | Novus Capital Advisors Private Limited |
| Registrar | Kfin Technologies Ltd. | Alankit Assignments Ltd. |
| Market Maker | SS Corporate Securities Ltd. | |
| DRHP | DRHP  | DRHP |
| RHP | RHP | |
| Final Prospectus | Final Prospectus | |
| Anchor Investor | Anchor Investor | |
| 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 Twinkle Papers IPO is up to ₹0.00 Cr. The final issue price of Ravelcare IPO is ₹130.00 per share and of Twinkle Papers IPO is .
| Ravelcare IPO | Twinkle Papers IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹123.00 per share | |
| Issue Price (Upper) | ₹130.00 per share | |
| Issue Price (Final) | ₹130.00 per share | |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 1000 shares | |
| Fresh Issue Size | 17,60,000 shares | 39,88,000 shares |
| Fresh Issue Size (Amount) | up to ₹22.88 Cr | up to ₹0.00 Cr |
| OFS Issue Size | 0 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹0.00 Cr |
| Issue Size Total | 17,60,000 shares | 39,88,000 shares |
| Issue Size Total (Amount) | up to ₹22.88 Cr | up to ₹0.00 Cr |
Ravelcare IPO opens on Dec 01, 2025, while Twinkle Papers IPO opens on . The closing date of Ravelcare IPO and Twinkle Papers IPO is Dec 03, 2025, and , respectively.
| Ravelcare IPO | Twinkle Papers IPO | |
|---|---|---|
| Anchor Bid Date | Nov 28, 2025 | |
| Issue Open | Dec 01, 2025 | |
| Issue Close | Dec 03, 2025 | |
| Basis Of Allotment (Tentative) | Dec 04, 2025 | |
| Initiation of Refunds (Tentative) | Dec 05, 2025 | |
| Credit of Share (Tentative) | Dec 05, 2025 | |
| Listing date (Tentative) | Dec 08, 2025 | |
| Anchor Lockin End date 1 | Jan 03, 2026 | |
| Anchor Lockin End date 2 | Mar 04, 2026 |
Ravelcare IPO P/E ratio is 12.38, as compared to Twinkle Papers IPO P/E ratio of .
| Ravelcare IPO | Twinkle Papers 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 Consolidated)
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 99.96 | 98.99 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 72.95 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 12.38 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹89.17 Cr. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 68.04% | 22.66% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 68.32% | 22.37% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 2.09 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹10.50 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 50.77% | 22.66% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Ravelcare IPO Retail Individual Investors (RII) are offered 6,20,000 shares while in Twinkle Papers IPO retail investors are offered 6,20,000 shares. Qualified Institutional Buyers (QIB) are offered 3,51,000 shares in Ravelcare IPO and 0 shares in Twinkle Papers IPO.
| Ravelcare IPO | Twinkle Papers IPO | |
|---|---|---|
| Anchor Investor Reservation | 5,25,000 shares | 0 shares |
| Market Maker Reservation | 94,000 shares | 0 shares |
| QIB | 3,51,000 shares | 0 shares |
| NII | 2,64,000 shares | 0 shares |
| RII | 6,20,000 shares | 0 shares |
| Employee | 0 shares | 0 shares |
| Others | ||
| Total | 17,60,000 shares | 0 shares |
Ravelcare IPO subscribed 437.60x in total, whereas Twinkle Papers IPO subscribed .
| Ravelcare IPO | Twinkle Papers IPO | |
|---|---|---|
| QIB (times) | 155.91x | |
| NII (times) | 752.16x | |
| Big NII (times) | 879.74x | |
| Small NII (times) | 505.50x | |
| RII (times) | 463.13x | |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 437.60x |
