Rays of Belief

Rays of Belief

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₹14,818(62 Shares)

Minimum Investment

IPO Dates

Sep 1, 2026 – Sep 3, 2026

Price Band

₹227–239 per equity share

Issue Size

₹125 Cr

Lot Size

62

Listing

Sep 8, 2026

Listing At

BSE, NSE

Sep 1, 2026Open DateUpcoming
Sep 3, 2026Close DateUpcoming
Sep 4, 2026Allotment DateUpcoming
Sep 8, 2026Listing DateUpcoming

Unofficial pre-listing indicator

Rays of Belief IPO GMP Today: 6

Rays of Belief IPO GMP today is 6 per share (a 3% premium over the ₹239 upper price band) as of 28 Aug 2026, 05:18 PM IST. The indicative listing price is 245 (₹239 upper price band + ₹6 GMP).

Current GMP

₹6

GMP percentage

3%

Upper price band

₹239

Indicative listing price

₹245

GMP is informal, not exchange-published, and may change before listing. The indicative price is a calculation, not a forecast or an investment recommendation.

Rays of Belief Live Subscription Details

All IPOs

No subscription data available for this IPO.

Rays of Belief IPO Issue Details

Issue Price
₹227-239 Per Equity Share
Face Value
₹10 Per Equity Share
Total Issue Size
₹125 Cr
Fresh Share
52,30,000 shares(aggregating up to ₹125 crore)
Listing At
BSE, NSE
Listing Date
Sep 8, 2026
Lead Manager
Mefcom Capital Markets Limited
Registrar
Kfin Technologies Limited

Market Lot Details

CategoryLotsSharesAmount
sHNI (Min)14868₹2,07,452
bHNI (Min)684,216₹10,07,624

Company Information

Ray of Belief is a profit-based social enterprise which provides personalized intervention programs for children suffering from Neurodevelopmental Disorders (NDDs), such as Autism Spectrum Disorder (A...

Valuations

RoNW

21.64%

PAT Margin

6.07%

Market Cap

Cr.

Financial Information (₹ in Crores)

MetricFY 26FY 25FY 24
Total Assets50.8926.1212.89
Total Revenue82.0636.5430.76
Profit After Tax4.965.880.85
Net Worth30.8115.025.78

* All figures are in ₹ Crores unless otherwise stated.

Objectives of the Issue

  1. 1Company Learning Centres and Company Learning Centres in partnership with Licensed Professionals
  2. 2School Collaboration Centres
  3. 3Centre for Excellence and Research
  4. 4Upskilling Academy
  5. 5Technology (hardware) costs
  6. 6Expenditure for lease payments for our existing centres in India
  7. 7Investment in our Subsidiary, Mom’s Belief US Inc., for making lease / license payments for our existing centres in the USA
  8. 8Expenditure for brand awareness and inclusive outreach programs
  9. 9Funding inorganic growth through unidentified acquisition and General corporate purposes

Rays of Belief – Promoter(s)

Nitin Bindlish
Carving Futures Pte. Limited

Contact Details

Corporate Office

J-1919, Basement, Chittaranjan Park, New Delhi, Delhi - 110019.

+91 124 407549

cs@momsbelief.com

Visit Website

Rays of Belief Allotment & Registrar Details

Allotment Hub

Kfin Technologies Limited

04067162222, 04079611000

robl.ipo@kfintech.com

Visit Registrar Website

Rays of Belief IPO Documents

Lead Managers

Mefcom Capital Markets Limited

Frequently Asked Questions — Rays of Belief IPO

The Rays of Belief IPO price band is set at ₹227.00 to ₹239.00 per equity share.

The total issue size of Rays of Belief IPO is ₹125 Cr.

The lot size for Rays of Belief IPO is 62 shares per lot. The minimum investment amount is approximately ₹14,818.

The Rays of Belief IPO opens on Sep 1, 2026 and closes on Sep 3, 2026.

The basis of allotment for Rays of Belief IPO is expected to be finalized on Sep 4, 2026.

Rays of Belief IPO is expected to be listed on Sep 8, 2026 on BSE, NSE.

The current GMP for Rays of Belief IPO is ₹6, suggesting an expected listing price of around ₹233.00. Note: GMP is an unofficial market indicator.

The registrar for Rays of Belief IPO is Kfin Technologies Limited. You can contact them at robl.ipo@kfintech.com.

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