Rays of Belief Ltd IPO was priced at ₹227–₹239 per share with an issue size of ₹125 crore. The IPO opened on Sep 01, 2026 and closed on Sep 03, 2026, with a lot size of 62 shares and a minimum investment of ₹14,818.
Subscription data isn't available yet — it appears once bidding opens.
| Price Band | ₹227.00 - ₹239.00 per share |
| Lot Size | 62 shares |
| Min Investment | ₹14,818 |
| Total Issue Size | ₹125.00 crore |
| Shares Offered | 52,30,000 |
| Issue Structure | Fresh Issue |
| Issue Type | Bookbuilding IPO |
| Lead Manager(s) | Mefcom Capital Markets Ltd. |
| Registrar | Kfin Technologies Ltd. |
| Listing At | BSE, NSE |
Issue price ₹239 · lot size 62 shares · estimated listing price ₹259 (GMP +₹20)
| Category | Lots | Shares | Investment | Value at listing | Profit |
|---|---|---|---|---|---|
| Retail (Min) | 1 | 62 | ₹14,818 | ₹16,058 | +₹1,240 |
| Retail (Max) | 13 | 806 | ₹1,92,634 | ₹2,08,754 | +₹16,120 |
| S-HNI (Min) | 14 | 868 | ₹2,07,452 | ₹2,24,812 | +₹17,360 |
| S-HNI (UPI limit) | 33 | 2,046 | ₹4,88,994 | ₹5,29,914 | +₹40,920 |
| S-HNI (Max) | 67 | 4,154 | ₹9,92,806 | ₹10,75,886 | +₹83,080 |
| B-HNI (Min) | 68 | 4,216 | ₹10,07,624 | ₹10,91,944 | +₹84,320 |
| Metric | Latest Reported |
|---|---|
| Total Income | ₹82.06 Cr |
| Profit After Tax | ₹4.96 Cr |
| Net Worth | ₹30.81 Cr |
Promoters: Nitin Bindlish
| Promoter Holding (Pre-Issue) | 92.93% |
Rays of Belief Ltd. is a for-profit social enterprise providing personalised intervention plans for children with Neurodevelopmental Disorders (NDDs).
Expanded from 71 centres in Fiscal 2023 to 136 centres as of March 31, 2026.
| Founded | 2017 |
| Headquarters | New Delhi |
| Industry | Healthcare |
| Website | https://www.momsbelief.com/ |
| Registrar | Kfin Technologies Ltd. |
| Phone | 040-79615565 |
| [email protected] |
11 answers about Rays of Belief Ltd IPO — dates, pricing, allotment and listing.
Rays of Belief Ltd IPO is a bookbuilding ipo of ₹125 crore. The issue was priced at ₹227–₹239 per share, with a lot size of 62 shares. Bidding ran from Tue, 01 Sep 2026 to Thu, 03 Sep 2026, with shares listed on BSE and NSE.
The price band was ₹227–₹239 per share.
One lot was 62 shares. Bids had to be placed in multiples of 62.
A retail investor needed at least ₹14,818 – one lot of 62 shares at ₹239, the upper end of the price band.
Rays of Belief Ltd IPO opened on Tue, 01 Sep 2026 and closed on Thu, 03 Sep 2026.
Allotment was finalised on Fri, 04 Sep 2026.
Rays of Belief Ltd shares were listed on Tue, 08 Sep 2026 on BSE and NSE.
The company intended to use the net proceeds towards company learning centres and company learning centres in partnership with licensed professionals, school collaboration centres, centre for excellence and research, upskilling academy, technology (hardware) costs, expenditure for lease payments for existing centres in india, investment in subsidiary, moms belief us inc., for making lease / license payments for existing centres in the usa, expenditure for brand awareness and inclusive outreach programs and funding inorganic growth through unidentified acquisition and general corporate purposes.
Mefcom Capital Markets Ltd. is the book running lead manager. Kfin Technologies Ltd is the registrar to the issue.
Category-wise demand from retail, NII and QIB bidders is on the Rays of Belief Ltd IPO subscription page, and on the BSE and NSE websites.
From Fri, 04 Sep 2026, check the Rays of Belief Ltd IPO allotment status using your PAN, application number or DP ID – also available on the registrar's website.