Rays of Belief IPO Listing Preview: What to Expect Now?
- September 4, 2026
- Posted by: Neeraj Pandey
- Category: IPO
Rays of Belief IPO lists on BSE and NSE on 8th September 2026. Price band Rs 227 to Rs 239. Estimated listing price around Rs 277.
Quick Answer
This Rays of Belief IPO Listing Preview shows the stock is scheduled to list on BSE and NSE on 8th September 2026, after a book-building IPO of Rs 125.00 crores, comprising entirely a fresh issue of 52.30 lakh shares. The issue was priced in a band of Rs 227 to Rs 239 per share and closed for subscription on 3rd September 2026. Based on recent secondary market indicators, the stock could list near its Rs 239 issue price, though the final listing price will depend on market conditions on 8th September 2026.
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The Rays of Belief listing is scheduled for 8th September 2026. The IPO was open for bidding from 1st September 2026 to 3rd September 2026. It is a book-building IPO of Rs 125.00 crores, comprising entirely a fresh issue of 52.30 lakh shares. The issue will be listed on BSE and NSE on its tentative listing date, 8th September 2026. Scroll down to know more about Rays of Belief’s IPO listing expectations.
Rays of Belief IPO At a Glance
| Detail | Value |
|---|---|
| Open Date | 1st September 2026 |
| Close Date | 3rd September 2026 |
| Price Band | Rs 227 to Rs 239 |
| Lot Size | 62 |
| Issue Size | Rs 125.00 crores, comprising entirely a fresh issue of 52.30 lakh shares |
| Listing Date | 8th September 2026 |
| Listing At | BSE and NSE |
Rays of Belief IPO Listing Preview
According to recent market indicators, the IPO listing of Rays of Belief could be around Rs 277.00 per share as of 2nd September 2026. However, the expected listing price is subject to change based on market sentiment. Stay informed with Univest to get live updates on the Rays of Belief IPO listing.
Rays of Belief IPO Listing Price: Issue Price vs Expected Gain
At the upper end of the price band, the Rays of Belief IPO is priced at Rs 239 per share. Based on recent secondary market indicators as of 2nd September 2026, the Rays of Belief IPO listing price could reach around Rs 277, which would translate into an expected gain of about 15.9% over the issue price. This is only an estimate drawn from current market sentiment and can change sharply in either direction before shares actually begin trading on BSE and NSE.
| Metric | Value |
|---|---|
| Issue Price | Rs 239 |
| Estimated Listing Price | Rs 277 |
| Expected Listing Gain | 15.9% |
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Rays of Belief Financials
The company’s financial analysis is essential before applying for the Rays of Belief IPO. Look at the table below to learn about Rays of Belief’s financials (Rs in crore).
| Year Ended | 31st March 2026 | 31st March 2025 | 31st March 2024 |
|---|---|---|---|
| Assets | 50.89 | 26.12 | 12.89 |
| Revenue | 82.06 | 36.54 | 30.76 |
| Profit After Tax | 4.96 | 5.88 | 0.85 |
| EBITDA | 11.91 | 3.02 | 1.49 |
| Net Worth | 30.81 | 15.02 | 5.78 |
| Reserves and Surplus | 15.22 | 14.70 | 5.47 |
| Total Borrowings | 3.61 | 4.36 | NA |
Explanation
Rays of Belief’s revenue increased by 125% from Rs 36.54 crore in 31st March 2025 to Rs 82.06 crore in 31st March 2026. Moreover, the company’s PAT decreased by 16% from Rs 5.88 crore in 31st March 2025 to Rs 4.96 crore in 31st March 2026.
Rays of Belief IPO Listing Preview: How Recent Other Consumer Services IPOs Have Performed
To put the Rays of Belief IPO listing expectations in context, here is how a few recently listed Other Consumer Services issues performed on their debut.
| Company | Issue Price | Listing Day Close | Listing Gain/Loss |
|---|---|---|---|
| Mopshop Distribution Ltd. | Rs 138 | Rs 130.15 | -5.69% |
| Safecure Services Ltd. | Rs 102 | Rs 77.55 | -23.97% |
Past listing performance in the sector is not a guarantee of how the Rays of Belief IPO will trade on 8th September 2026, but it gives useful context on how investors have treated similar issues.
How to Check the Rays of Belief IPO Allotment Status?
Check On NSE
- Visit the official NSE website.
- Navigate to the IPO Allotment Status section.
- Select the issue type as Equity.
- Choose “Rays of Belief” from the list of IPOs.
- Enter your PAN number or application number and submit to view your allotment status.
Check On BSE
- Visit the official BSE website.
- Navigate to the IPO Allotment Status section.
- Select the issue type as Equity.
- Choose “Rays of Belief” from the list of IPOs.
- Enter your PAN number or application number and submit to view your allotment status.
Check On the Registrar Portal
- Visit the official registrar portal of KFin Technologies Ltd.
- Select “Rays of Belief” from the list of current IPOs.
- Choose whether to check using your PAN, application number, or DP/Client ID.
- Enter the required details in the space provided.
- Click submit to view your Rays of Belief IPO allotment status.
Download the Univest iOS App or Univest Android App to track Rays of Belief’s live listing updates.
Key Takeaways
- Rays of Belief IPO lists on BSE and NSE on 8th September 2026.
- Issue price band: Rs 227 to Rs 239 per share.
- Estimated listing price: around Rs 277 per share.
- Investors can check allotment status on BSE and NSE or through KFin Technologies Ltd.
Investors tracking the Rays of Belief IPO listing should keep an eye on the official BSE and NSE and registrar pages closer to 8th September 2026, since listing-day price discovery can move sharply away from any pre-listing estimate. This Rays of Belief IPO Listing Preview is not a guarantee of listing performance and should be read alongside the official basis of allotment.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
When is the Rays of Belief IPO listing date?
Ans. The Rays of Belief IPO listing is tentatively scheduled for 8th September 2026 on BSE and NSE. The issue opened for subscription on 1st September 2026 and closed on 3rd September 2026, with allotment expected to be finalised shortly before the listing date. Investors can track the final confirmation on the BSE and NSE website and through their broker or demat account once shares are credited.
What is the expected listing price of the Rays of Belief IPO?
Ans. Based on recent secondary market indicators as of 2nd September 2026, the Rays of Belief IPO listing price could reach around Rs 277 per share, translating into an expected gain of about 15.9% over the Rs 239 issue price. This is only an indicative estimate drawn from current market sentiment, and the actual listing price on 8th September 2026 will be determined by real demand and supply on the exchange, which can differ meaningfully from any pre-listing estimate.
What is the price band of the Rays of Belief IPO?
Ans. The Rays of Belief IPO price band was fixed at Rs 227 to Rs 239 per share, with the issue finally priced at Rs 239 per share at the upper end of the band. Investors bidding within this band could apply at the cut-off price or choose a specific price within the range, subject to the rules applicable to their investor category.
How can I check my Rays of Belief IPO allotment status?
Ans. You can check the Rays of Belief IPO allotment status either on BSE and NSE or on the official portal of the registrar, KFin Technologies Ltd. On both platforms you will need to enter your PAN, application number, or DP/Client ID to view whether shares have been allotted against your application, along with the number of shares allotted if successful.
On which exchange will the Rays of Belief IPO list?
Ans. The Rays of Belief IPO listing is proposed on BSE and NSE. Investors who receive an allotment will see the shares credited to their demat account ahead of the listing date, and regular trading in the stock will begin once the exchange confirms the listing and the opening price is discovered.
Is grey market premium a reliable predictor of the Rays of Belief IPO listing price?
Ans. Grey market premium (GMP) is an unofficial, unregulated indicator that is not endorsed by SEBI, NSE, or BSE, and it can move sharply in the days before listing. While a positive GMP is often read as a sign of investor demand for the Rays of Belief IPO, it should never be treated as a guaranteed outcome or used as the sole basis for an investment decision, and is best weighed alongside subscription numbers and company fundamentals.
What is the lot size for the Rays of Belief IPO?
Ans. The Rays of Belief IPO lot size is 62 shares, requiring a minimum retail investment of Rs 14,818. Investors can apply for additional lots in multiples of the minimum lot size, subject to the applicable limits for their investor category.
What is the issue size of the Rays of Belief IPO?
Ans. The Rays of Belief IPO is a book-building IPO of Rs 125.00 crores, comprising entirely a fresh issue of 52.30 lakh shares. The fresh issue portion is typically used for purposes such as working capital, capital expenditure, or repayment of borrowings as set out in the prospectus, while any offer-for-sale component represents shares sold by existing shareholders and does not add to the company’s own funds.
