{"id":227119,"date":"2026-09-02T11:19:09","date_gmt":"2026-09-02T05:49:09","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=227119"},"modified":"2026-09-02T11:19:11","modified_gmt":"2026-09-02T05:49:11","slug":"rays-of-belief-initial-public-offering-day-2-subscription-2-september-2026","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/rays-of-belief-initial-public-offering-day-2-subscription-2-september-2026\/","title":{"rendered":"Rays of Belief IPO Day 2: Subscription Status on 2 September 2026 and Listing Outlook"},"content":{"rendered":"<div class=\"meta-block\"><\/div>\n<p style=\"border-left: 4px solid #1F4E79; background: #EBF3FB; padding: 10px 16px; font-style: italic;\"><em>Rays of Belief IPO Day 2, 2 Sep 2026. Overall subscribed near 1.77x so far. Day 1 close: Retail 6.51x. Price band Rs 227-239. Closes 3 Sep. Lists NSE and BSE.<\/em><\/p>\n<div style=\"background: #F0F9FF; border-left: 4px solid #2E7D32; border-radius: 6px; padding: 14px 18px; margin: 18px 0;\">\n<p style=\"margin: 0; color: #1f4e79; font-size: 14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin: 8px 0 0;\">The Rays of Belief IPO, operating under the Mom&#8217;s Belief brand, is on Day 2 of bidding on 2 September 2026, with the overall subscription now running above 1.7 times after retail investors oversubscribed their portion 6.51 times on Day 1. The non-institutional category showed a mixed pattern on Day 1, with bigger ticket bids lagging smaller ones, while qualified institutional demand typically builds closer to the 3 September close. The issue is priced at Rs 227 to Rs 239 per share and will list on NSE and BSE. Investors should track the exchange websites for the latest category wise numbers before the bidding window shuts.<\/p>\n<\/div>\n<p>Rays of Belief, which runs paediatric therapy and learning support centres for children with autism, ADHD and related developmental conditions under the Mom&#8217;s Belief brand, has entered the second day of its IPO subscription window running from 1 September to 3 September 2026. The Rays of Belief IPO is a mainboard, book built issue worth Rs 125 crore and will list on both NSE and BSE.<\/p>\n<p>Day 1 bidding for the Rays of Belief IPO closed with the issue fully subscribed at 1.18 times overall, powered almost entirely by strong retail interest. Day 2 numbers have carried that momentum forward, and QIB participation, which is usually thin in the opening sessions, will be the key variable to watch before the close on 3 September.<\/p>\n<p style=\"margin-top: 24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&amp;utm_medium=rays-of-belief-ipo-day2\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/a><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/rays-of-belief-initial-public-offering-day-2-subscription-2-september-2026\/#Rays_of_Belief_IPO_Details\" title=\"Rays of Belief IPO Details\">Rays of Belief IPO Details<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/rays-of-belief-initial-public-offering-day-2-subscription-2-september-2026\/#Rays_of_Belief_IPO_Subscription_Status_Day_2\" title=\"Rays of Belief IPO Subscription Status Day 2\">Rays of Belief IPO Subscription Status Day 2<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/rays-of-belief-initial-public-offering-day-2-subscription-2-september-2026\/#How_to_Apply_for_the_Rays_of_Belief_IPO\" title=\"How to Apply for the Rays of Belief IPO\">How to Apply for the Rays of Belief IPO<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/rays-of-belief-initial-public-offering-day-2-subscription-2-september-2026\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/rays-of-belief-initial-public-offering-day-2-subscription-2-september-2026\/#What_is_the_Rays_of_Belief_IPO_subscription_status_on_Day_2\" title=\"What is the Rays of Belief IPO subscription status on Day 2?\">What is the Rays of Belief IPO subscription status on Day 2?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/rays-of-belief-initial-public-offering-day-2-subscription-2-september-2026\/#When_does_the_Rays_of_Belief_IPO_close\" title=\"When does the Rays of Belief IPO close?\">When does the Rays of Belief IPO close?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/rays-of-belief-initial-public-offering-day-2-subscription-2-september-2026\/#What_is_the_Rays_of_Belief_IPO_GMP\" title=\"What is the Rays of Belief IPO GMP?\">What is the Rays of Belief IPO GMP?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/rays-of-belief-initial-public-offering-day-2-subscription-2-september-2026\/#What_is_the_Rays_of_Belief_IPO_price_band_and_lot_size\" title=\"What is the Rays of Belief IPO price band and lot size?\">What is the Rays of Belief IPO price band and lot size?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/rays-of-belief-initial-public-offering-day-2-subscription-2-september-2026\/#How_do_I_apply_for_the_Rays_of_Belief_IPO\" title=\"How do I apply for the Rays of Belief IPO?\">How do I apply for the Rays of Belief IPO?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/rays-of-belief-initial-public-offering-day-2-subscription-2-september-2026\/#When_will_the_Rays_of_Belief_IPO_be_allotted_and_listed\" title=\"When will the Rays of Belief IPO be allotted and listed?\">When will the Rays of Belief IPO be allotted and listed?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/rays-of-belief-initial-public-offering-day-2-subscription-2-september-2026\/#Which_category_is_leading_the_Rays_of_Belief_IPO_subscription\" title=\"Which category is leading the Rays of Belief IPO subscription?\">Which category is leading the Rays of Belief IPO subscription?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Rays_of_Belief_IPO_Details\"><\/span><strong>Rays of Belief IPO Details<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The table below lists the key parameters of the Rays of Belief IPO.<\/p>\n<table border=\"1\" cellspacing=\"0\" cellpadding=\"6\">\n<tbody>\n<tr>\n<td><strong>Open Date<\/strong><\/td>\n<td>1 September 2026<\/td>\n<\/tr>\n<tr>\n<td><strong>Close Date<\/strong><\/td>\n<td>3 September 2026<\/td>\n<\/tr>\n<tr>\n<td><strong>Price Band<\/strong><\/td>\n<td>Rs 227 to Rs 239 per share<\/td>\n<\/tr>\n<tr>\n<td><strong>Lot Size<\/strong><\/td>\n<td>62 shares<\/td>\n<\/tr>\n<tr>\n<td><strong>Issue Size<\/strong><\/td>\n<td>Rs 125 crore<\/td>\n<\/tr>\n<tr>\n<td><strong>Issue Type<\/strong><\/td>\n<td>Book Built Issue<\/td>\n<\/tr>\n<tr>\n<td><strong>Listing At<\/strong><\/td>\n<td>NSE and BSE<\/td>\n<\/tr>\n<tr>\n<td><strong>Allotment Date<\/strong><\/td>\n<td>4 September 2026<\/td>\n<\/tr>\n<tr>\n<td><strong>Listing Date<\/strong><\/td>\n<td>8 September 2026<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"Rays_of_Belief_IPO_Subscription_Status_Day_2\"><\/span><strong>Rays of Belief IPO Subscription Status Day 2<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The table below captures the Day 1 close position for the Rays of Belief IPO along with the latest overall subscription figure available on Day 2.<\/p>\n<table border=\"1\" cellspacing=\"0\" cellpadding=\"6\">\n<tbody>\n<tr>\n<th>Investor Category<\/th>\n<th>Subscription at Day 1 Close (1 Sep)<\/th>\n<th>Overall Subscription So Far (Day 2, 2 Sep)<\/th>\n<\/tr>\n<tr>\n<td>Retail Individual Investors<\/td>\n<td>6.51 times<\/td>\n<td>Updating<\/td>\n<\/tr>\n<tr>\n<td>Non-Institutional Investors, Big NII<\/td>\n<td>0.13 times<\/td>\n<td>Updating<\/td>\n<\/tr>\n<tr>\n<td>Non-Institutional Investors, Small NII<\/td>\n<td>0.90 times<\/td>\n<td>Updating<\/td>\n<\/tr>\n<tr>\n<td>Qualified Institutional Buyers (QIB)<\/td>\n<td>Yet to see meaningful participation<\/td>\n<td>Updating<\/td>\n<\/tr>\n<tr>\n<td><strong>Overall<\/strong><\/td>\n<td><strong>1.18 times<\/strong><\/td>\n<td><strong>Around 1.77 times<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Retail bidding has driven the strength in the Rays of Belief IPO so far, while institutional investors and big ticket HNIs typically place the bulk of their bids on the final day of a book built issue.<\/p>\n<p style=\"margin-top: 24px;\"><a href=\"https:\/\/univest.in\/screeners\"><strong>Track Rays of Belief IPO Subscription Status on the Univest Screener<\/strong><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_to_Apply_for_the_Rays_of_Belief_IPO\"><\/span><strong>How to Apply for the Rays of Belief IPO<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ol>\n<li>Open a Demat and trading account with a SEBI-registered broker such as Univest if you do not already have one.<\/li>\n<li>Select the Rays of Belief IPO on your broker app or net banking portal and enter your bid quantity and price within the Rs 227 to Rs 239 band.<\/li>\n<li>Submit the bid through the UPI-based ASBA method so that the amount is blocked in your bank account rather than debited immediately.<\/li>\n<li>Approve the UPI mandate promptly so your Rays of Belief IPO application is processed before the daily cut off.<\/li>\n<\/ol>\n<p style=\"margin-top: 24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&amp;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to apply for the Rays of Belief IPO before the 3 September close.<\/em><\/p>\n<p>Grey market premium (GMP) is an unofficial, unregulated indicator for the Rays of Belief IPO that is not endorsed by SEBI, NSE, or BSE. Investors looking for indicative GMP data can go through other relevant sources, though such figures should never be the sole basis for an investment decision.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The Rays of Belief IPO has built solid momentum through Day 2, led by heavy retail demand, while institutional bidding is still awaited ahead of the 3 September close. Investors should study the company financials and sector risks in the RHP on nseindia.com and bseindia.com before applying to the Rays of Belief IPO.<\/p>\n<div style=\"background: #CC0000; border-radius: 8px; padding: 16px 20px; margin: 24px 0;\">\n<p style=\"color: #ffffff; font-size: 13px; line-height: 1.7; margin: 0;\"><strong style=\"color: #ffffff;\">Disclaimer:<\/strong> 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).<\/p>\n<\/div>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_Rays_of_Belief_IPO_subscription_status_on_Day_2\"><\/span><strong>What is the Rays of Belief IPO subscription status on Day 2?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> As of Day 2 on 2 September 2026, the Rays of Belief IPO overall subscription stands at approximately 1.77 times, after closing Day 1 fully subscribed at 1.18 times with retail investors bidding 6.51 times their reserved portion.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"When_does_the_Rays_of_Belief_IPO_close\"><\/span><strong>When does the Rays of Belief IPO close?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The Rays of Belief IPO closes for subscription on 3 September 2026, having opened on 1 September 2026.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_Rays_of_Belief_IPO_GMP\"><\/span><strong>What is the Rays of Belief IPO GMP?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Grey market premium (GMP) is an unofficial, unregulated indicator for the Rays of Belief IPO that is not endorsed by SEBI, NSE, or BSE. Investors looking for indicative GMP data can go through other relevant sources, though such figures should never be the sole basis for an investment decision.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_Rays_of_Belief_IPO_price_band_and_lot_size\"><\/span><strong>What is the Rays of Belief IPO price band and lot size?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The Rays of Belief IPO price band is Rs 227 to Rs 239 per share, with a lot size of 62 shares, taking the minimum retail investment to about Rs 14,818 at the upper band.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_do_I_apply_for_the_Rays_of_Belief_IPO\"><\/span><strong>How do I apply for the Rays of Belief IPO?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> You can apply for the Rays of Belief IPO through your SEBI-registered broker or UPI-enabled banking app using the ASBA method, entering your bid quantity and price and approving the UPI mandate.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"When_will_the_Rays_of_Belief_IPO_be_allotted_and_listed\"><\/span><strong>When will the Rays of Belief IPO be allotted and listed?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The Rays of Belief IPO allotment is expected to be finalised on 4 September 2026, with listing on NSE and BSE tentatively scheduled for 8 September 2026.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Which_category_is_leading_the_Rays_of_Belief_IPO_subscription\"><\/span><strong>Which category is leading the Rays of Belief IPO subscription?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Retail investors are clearly leading the Rays of Belief IPO subscription after bidding 6.51 times their portion on Day 1, while non-institutional and qualified institutional demand remain comparatively muted so far.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Rays of Belief (Mom&#8217;s Belief) IPO Day 2 subscription update for 2 September 2026, with retail and NII bidding trends and how to apply.<\/p>\n","protected":false},"author":28,"featured_media":227117,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1281],"tags":[1015],"class_list":["post-227119","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ipo","tag-ipo"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["227117"],"_edit_lock":["1788328153:28"],"_last_editor_used_jetpack":["block-editor"],"rank_math_primary_category":["1281"],"rank_math_seo_score":["63"],"rank_math_title":["Rays of Belief IPO Day 2 Subscription Status 2 Sep 2026"],"rank_math_description":["Rays of Belief IPO Day 2 subscription status on 2 September 2026. 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