{"id":228491,"date":"2026-09-03T09:52:04","date_gmt":"2026-09-03T04:22:04","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=228491"},"modified":"2026-09-03T09:52:06","modified_gmt":"2026-09-03T04:22:06","slug":"rays-of-belief-initial-public-offering-allotment-status-4-september-2026","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/rays-of-belief-initial-public-offering-allotment-status-4-september-2026\/","title":{"rendered":"Rays of Belief IPO Allotment Status: 3.63x Subscribed, Check Online"},"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 closed 3 September 2026. Overall subscription 3.63x. Price band Rs 227 to Rs 239. Allotment 4 September 2026. Lists on BSE and NSE 8 September 2026.<\/em><\/p>\n<p style=\"border-left: 4px solid #2E7D32; background: #F0F9FF; padding: 10px 16px;\"><strong>Quick Answer<\/strong>: The Rays of Belief IPO bidding period has ended, with the issue subscribed 3.63 times overall as of 2 September 2026 (Day 2, last available update before close), led by the retail category at 6.51 times. The basis of allotment is expected to be finalised on 4 September 2026, after which investors can check their Rays of Belief IPO allotment status on the KFin Technologies Ltd. portal or on NSE. Shares are tentatively scheduled to list on BSE and NSE on 8 September 2026.<\/p>\n<p>After receiving investor response through its bidding window, the Rays of Belief IPO subscription period closed on 3 September 2026. As of 2 September 2026 (Day 2, last available update before close), the issue had received a total subscription of 3.63 times. The public issue was subscribed 6.51 times in the individual\/retail investors category, 0.00 times in the QIB category, and 0.39 times in the NII category. The allotment is scheduled for 4 September 2026. Investors can check their Rays of Belief IPO allotment status online once it is announced.<\/p>\n<p style=\"margin-top: 24px;\"><em><a href=\"https:\/\/univest.in\/user\/log-in\">Log in to Univest to track your IPO applications<\/a><\/em><\/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-allotment-status-4-september-2026\/#Rays_of_Belief_IPO_Allotment_Status\" title=\"Rays of Belief IPO Allotment Status\">Rays of Belief IPO Allotment Status<\/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-allotment-status-4-september-2026\/#Check_Allotment_Status_On_the_Registrar_Portal\" title=\"Check Allotment Status On the Registrar Portal\">Check Allotment Status On the Registrar Portal<\/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-allotment-status-4-september-2026\/#Check_Allotment_Status_On_NSE\" title=\"Check Allotment Status On NSE\">Check Allotment Status On NSE<\/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-allotment-status-4-september-2026\/#IPO_Details\" title=\"IPO Details\">IPO Details<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/rays-of-belief-initial-public-offering-allotment-status-4-september-2026\/#Rays_of_Belief_IPO_Share_Reservation\" title=\"Rays of Belief IPO Share Reservation\">Rays of Belief IPO Share Reservation<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/rays-of-belief-initial-public-offering-allotment-status-4-september-2026\/#Rays_of_Belief_IPO_Timeline\" title=\"Rays of Belief IPO Timeline\">Rays of Belief IPO Timeline<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/rays-of-belief-initial-public-offering-allotment-status-4-september-2026\/#Grey_Market_Premium_Disclaimer\" title=\"Grey Market Premium Disclaimer\">Grey Market Premium Disclaimer<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/rays-of-belief-initial-public-offering-allotment-status-4-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-9\" href=\"https:\/\/univest.in\/blogs-2\/rays-of-belief-initial-public-offering-allotment-status-4-september-2026\/#What_is_the_Rays_of_Belief_IPO_allotment_date\" title=\"What is the Rays of Belief IPO allotment date?\">What is the Rays of Belief IPO allotment date?<\/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-allotment-status-4-september-2026\/#How_do_I_check_my_Rays_of_Belief_IPO_allotment_status\" title=\"How do I check my Rays of Belief IPO allotment status?\">How do I check my Rays of Belief IPO allotment status?<\/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-allotment-status-4-september-2026\/#What_is_the_Rays_of_Belief_IPO_subscription_status\" title=\"What is the Rays of Belief IPO subscription status?\">What is the Rays of Belief IPO subscription status?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/rays-of-belief-initial-public-offering-allotment-status-4-september-2026\/#What_is_the_Rays_of_Belief_IPO_refund_process\" title=\"What is the Rays of Belief IPO refund process?\">What is the Rays of Belief IPO refund process?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/rays-of-belief-initial-public-offering-allotment-status-4-september-2026\/#When_will_Rays_of_Belief_IPO_shares_list_on_the_exchange\" title=\"When will Rays of Belief IPO shares list on the exchange?\">When will Rays of Belief IPO shares list on the exchange?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/rays-of-belief-initial-public-offering-allotment-status-4-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-15\" href=\"https:\/\/univest.in\/blogs-2\/rays-of-belief-initial-public-offering-allotment-status-4-september-2026\/#Who_is_the_registrar_for_the_Rays_of_Belief_IPO\" title=\"Who is the registrar for the Rays of Belief IPO?\">Who is the registrar 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-16\" href=\"https:\/\/univest.in\/blogs-2\/rays-of-belief-initial-public-offering-allotment-status-4-september-2026\/#What_is_the_grey_market_premium_for_the_Rays_of_Belief_IPO\" title=\"What is the grey market premium for the Rays of Belief IPO?\">What is the grey market premium for the Rays of Belief IPO?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Rays_of_Belief_IPO_Allotment_Status\"><\/span><strong>Rays of Belief IPO Allotment Status<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The Rays of Belief IPO allotment is expected to be finalised on 4 September 2026, after which the company will credit shares to allottees demat accounts. KFin Technologies Ltd., the registrar of this IPO, will finalise the basis of allotment, with the issue eligible to list within the standard T+3 timeline. The public issue is expected to list within 3 trading days of the subscription window closing. Investors can check the Rays of Belief IPO allotment status on the official websites of NSE, as well as on the registrar portal.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Check_Allotment_Status_On_the_Registrar_Portal\"><\/span><strong>Check Allotment Status On the Registrar Portal<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The individual can visit the official portal of KFin Technologies Ltd. to learn about their allotment status. Follow the steps below to check the Rays of Belief IPO allotment status on the registrar portal.<\/p>\n<p><strong>Step 1:<\/strong> Visit the <a href=\"https:\/\/ris.kfintech.com\/ipostatus\/\" rel=\"nofollow noopener\" target=\"_blank\">official registrar portal<\/a>.<\/p>\n<p><strong>Step 2:<\/strong> Select Rays of Belief IPO from the menu.<\/p>\n<p><strong>Step 3:<\/strong> Select the option to check the allotment status using the application number, demat account, or PAN.<\/p>\n<p><strong>Step 4:<\/strong> Fill in the required details to proceed further.<\/p>\n<p><strong>Step 5:<\/strong> Enter the captcha and click on the submit button.<\/p>\n<p>The Rays of Belief IPO allotment status will be displayed on your screen.<\/p>\n<p style=\"margin-top: 24px;\"><em><a href=\"https:\/\/univest.in\/screener\">Track Rays of Belief and upcoming IPOs on the Univest Screener<\/a><\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Check_Allotment_Status_On_NSE\"><\/span><strong>Check Allotment Status On NSE<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>Step 1:<\/strong> Visit the official <a href=\"https:\/\/www.nseindia.com\" rel=\"nofollow noopener\" target=\"_blank\">NSE<\/a> website.<\/p>\n<p><strong>Step 2:<\/strong> Select Issue Type as Equity to proceed.<\/p>\n<p><strong>Step 3:<\/strong> Scroll down through the issue names and select Rays of Belief IPO.<\/p>\n<p><strong>Step 4:<\/strong> Choose the mode from application number or PAN.<\/p>\n<p><strong>Step 5:<\/strong> Submit your information.<\/p>\n<p>The Rays of Belief IPO allotment status will be displayed on your screen.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"IPO_Details\"><\/span><strong>IPO Details<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse: collapse; width: 100%; margin: 12px 0;\">\n<thead>\n<tr>\n<th style=\"border: 1px solid #ccc; padding: 6px 10px; background: #F5F5F5;\">Detail<\/th>\n<th style=\"border: 1px solid #ccc; padding: 6px 10px; background: #F5F5F5;\">Information<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td style=\"border: 1px solid #ccc; padding: 6px 10px;\">IPO Open Date<\/td>\n<td style=\"border: 1px solid #ccc; padding: 6px 10px;\">1 September 2026<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #ccc; padding: 6px 10px;\">Face Value<\/td>\n<td style=\"border: 1px solid #ccc; padding: 6px 10px;\">Rs 10 per share<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #ccc; padding: 6px 10px;\">Price Band<\/td>\n<td style=\"border: 1px solid #ccc; padding: 6px 10px;\">Rs 227 to Rs 239 per share<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #ccc; padding: 6px 10px;\">Lot Size<\/td>\n<td style=\"border: 1px solid #ccc; padding: 6px 10px;\">62 Shares<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #ccc; padding: 6px 10px;\">Issue Type<\/td>\n<td style=\"border: 1px solid #ccc; padding: 6px 10px;\">Bookbuilding Issue<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #ccc; padding: 6px 10px;\">Listing At<\/td>\n<td style=\"border: 1px solid #ccc; padding: 6px 10px;\">BSE and NSE<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #ccc; padding: 6px 10px;\">IPO Close Date<\/td>\n<td style=\"border: 1px solid #ccc; padding: 6px 10px;\">3 September 2026<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #ccc; padding: 6px 10px;\">Listing Date<\/td>\n<td style=\"border: 1px solid #ccc; padding: 6px 10px;\">8 September 2026<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"Rays_of_Belief_IPO_Share_Reservation\"><\/span><strong>Rays of Belief IPO Share Reservation<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The Rays of Belief IPO is a book-building issue of Rs 125 crores. Shares of Rays of Belief will be listed on BSE and NSE. SEBI has specified the share reservation criteria for different investor categories, as set out below.<\/p>\n<table style=\"border-collapse: collapse; width: 100%; margin: 12px 0;\">\n<thead>\n<tr>\n<th style=\"border: 1px solid #ccc; padding: 6px 10px; background: #F5F5F5;\">Investor Category<\/th>\n<th style=\"border: 1px solid #ccc; padding: 6px 10px; background: #F5F5F5;\">Shares Offered<\/th>\n<th style=\"border: 1px solid #ccc; padding: 6px 10px; background: #F5F5F5;\">Shares Percentage<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td style=\"border: 1px solid #ccc; padding: 6px 10px;\">QIB Shares Offered<\/td>\n<td style=\"border: 1px solid #ccc; padding: 6px 10px;\">39,22,500<\/td>\n<td style=\"border: 1px solid #ccc; padding: 6px 10px;\">75.00%<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #ccc; padding: 6px 10px;\">NII (HNI) Shares Offered<\/td>\n<td style=\"border: 1px solid #ccc; padding: 6px 10px;\">7,84,500<\/td>\n<td style=\"border: 1px solid #ccc; padding: 6px 10px;\">15.00%<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #ccc; padding: 6px 10px;\">Retail Shares Offered<\/td>\n<td style=\"border: 1px solid #ccc; padding: 6px 10px;\">5,23,000<\/td>\n<td style=\"border: 1px solid #ccc; padding: 6px 10px;\">10.00%<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #ccc; padding: 6px 10px;\">Total Shares Offered<\/td>\n<td style=\"border: 1px solid #ccc; padding: 6px 10px;\">52,30,000<\/td>\n<td style=\"border: 1px solid #ccc; padding: 6px 10px;\">100.00%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p style=\"margin-top: 24px;\"><em><a href=\"https:\/\/univest.in\/app-download\">Download the Univest app to track IPO allotments and market updates<\/a><\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Rays_of_Belief_IPO_Timeline\"><\/span><strong>Rays of Belief IPO Timeline<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse: collapse; width: 100%; margin: 12px 0;\">\n<thead>\n<tr>\n<th style=\"border: 1px solid #ccc; padding: 6px 10px; background: #F5F5F5;\">Event<\/th>\n<th style=\"border: 1px solid #ccc; padding: 6px 10px; background: #F5F5F5;\">Date<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td style=\"border: 1px solid #ccc; padding: 6px 10px;\">IPO Open Date<\/td>\n<td style=\"border: 1px solid #ccc; padding: 6px 10px;\">1 September 2026<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #ccc; padding: 6px 10px;\">IPO Close Date<\/td>\n<td style=\"border: 1px solid #ccc; padding: 6px 10px;\">3 September 2026<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #ccc; padding: 6px 10px;\">Allotment<\/td>\n<td style=\"border: 1px solid #ccc; padding: 6px 10px;\">4 September 2026<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #ccc; padding: 6px 10px;\">Refund Date<\/td>\n<td style=\"border: 1px solid #ccc; padding: 6px 10px;\">7 September 2026<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #ccc; padding: 6px 10px;\">IPO Listing Date<\/td>\n<td style=\"border: 1px solid #ccc; padding: 6px 10px;\">8 September 2026<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><em>Note: For any queries related to the Rays of Belief IPO allotment, investors can reach out to KFin Technologies Ltd., the official registrar of the issue, through their website.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Grey_Market_Premium_Disclaimer\"><\/span><strong>Grey Market Premium Disclaimer<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\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 allotment is expected to be finalised on 4 September 2026. Investors are advised to check their Rays of Belief IPO allotment status through the KFin Technologies Ltd. portal, NSE, or their broker platform, and to track the tentative listing on BSE and NSE on 8 September 2026 for further updates.<\/p>\n<p style=\"background: #CC0000; color: #ffffff; padding: 12px 16px;\"><strong>Disclaimer:<\/strong> This article is for informational purposes only and should not be construed as investment advice. IPO investments are subject to market risk. Please read all scheme-related documents and the RHP carefully before applying. Univest Research Services Pvt. Ltd. is a SEBI-registered Research Analyst, Registration No. INH000013776. Past performance is not indicative of future returns.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_Rays_of_Belief_IPO_allotment_date\"><\/span><strong>What is the Rays of Belief IPO allotment date?<\/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.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_do_I_check_my_Rays_of_Belief_IPO_allotment_status\"><\/span><strong>How do I check my Rays of Belief IPO allotment status?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> You can check the Rays of Belief IPO allotment status on the KFin Technologies Ltd. portal, on NSE using your PAN or application number, or through your broker&#8217;s app.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_Rays_of_Belief_IPO_subscription_status\"><\/span><strong>What is the Rays of Belief IPO subscription status?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> As of 2 September 2026 (Day 2, last available update before close), the Rays of Belief IPO was subscribed 3.63 times overall, with 6.51 times in the individual\/retail investors category, 0.00 times in the QIB category, and 0.39 times in the NII category.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_Rays_of_Belief_IPO_refund_process\"><\/span><strong>What is the Rays of Belief IPO refund process?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Investors who are not allotted shares in the Rays of Belief IPO will have their ASBA or UPI blocked funds released automatically, with refunds expected around 7 September 2026.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"When_will_Rays_of_Belief_IPO_shares_list_on_the_exchange\"><\/span><strong>When will Rays of Belief IPO shares list on the exchange?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The Rays of Belief IPO is tentatively scheduled to list on BSE and NSE on 8 September 2026, subject to final confirmation from the exchanges.<\/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 was Rs 227 to Rs 239 per share with a lot size of 62 shares, requiring a minimum investment of approximately Rs 14,818 for retail investors.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Who_is_the_registrar_for_the_Rays_of_Belief_IPO\"><\/span><strong>Who is the registrar for the Rays of Belief IPO?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> KFin Technologies Ltd. is the official registrar for the Rays of Belief IPO and is responsible for finalising the basis of allotment.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_grey_market_premium_for_the_Rays_of_Belief_IPO\"><\/span><strong>What is the grey market premium for the Rays of Belief IPO?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Grey market premium (GMP) for the Rays of Belief IPO is unofficial and unregulated. Investors looking for indicative data can go through other relevant sources.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Rays of Belief IPO allotment status: subscription at 3.63x. 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