{"id":230195,"date":"2026-09-04T09:30:43","date_gmt":"2026-09-04T04:00:43","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=230195"},"modified":"2026-09-04T09:30:46","modified_gmt":"2026-09-04T04:00:46","slug":"rays-of-belief-initial-public-offering-listing-preview","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/rays-of-belief-initial-public-offering-listing-preview\/","title":{"rendered":"Rays of Belief IPO Listing Preview: What to Expect Now?"},"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 lists on BSE and NSE on 8th September 2026. Price band Rs 227 to Rs 239. Estimated listing price around Rs 277.<\/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;\">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.<\/p>\n<\/div>\n<p style=\"margin-top: 24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&amp;utm_medium=ipo_listing_preview_open\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/a><\/p>\n<p>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&#8217;s IPO listing expectations.<\/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-listing-preview\/#Rays_of_Belief_IPO_At_a_Glance\" title=\"Rays of Belief IPO At a Glance\">Rays of Belief IPO At a Glance<\/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-listing-preview\/#Rays_of_Belief_IPO_Listing_Preview\" title=\"Rays of Belief IPO Listing Preview\">Rays of Belief IPO Listing Preview<\/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-listing-preview\/#Rays_of_Belief_IPO_Listing_Price_Issue_Price_vs_Expected_Gain\" title=\"Rays of Belief IPO Listing Price: Issue Price vs Expected Gain\">Rays of Belief IPO Listing Price: Issue Price vs Expected Gain<\/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-listing-preview\/#Rays_of_Belief_Financials\" title=\"Rays of Belief Financials\">Rays of Belief Financials<\/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-listing-preview\/#Explanation\" title=\"Explanation\">Explanation<\/a><\/li><\/ul><\/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-listing-preview\/#Rays_of_Belief_IPO_Listing_Preview_How_Recent_Other_Consumer_Services_IPOs_Have_Performed\" title=\"Rays of Belief IPO Listing Preview: How Recent Other Consumer Services IPOs Have Performed\">Rays of Belief IPO Listing Preview: How Recent Other Consumer Services IPOs Have Performed<\/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-listing-preview\/#How_to_Check_the_Rays_of_Belief_IPO_Allotment_Status\" title=\"How to Check the Rays of Belief IPO Allotment Status?\">How to Check the Rays of Belief IPO Allotment Status?<\/a><ul class='ez-toc-list-level-3' ><li class='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-listing-preview\/#Check_On_NSE\" title=\"Check On NSE\">Check On NSE<\/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-listing-preview\/#Check_On_BSE\" title=\"Check On BSE\">Check On BSE<\/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-listing-preview\/#Check_On_the_Registrar_Portal\" title=\"Check On the Registrar Portal\">Check On the Registrar Portal<\/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-listing-preview\/#Key_Takeaways\" title=\"Key Takeaways\">Key Takeaways<\/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-listing-preview\/#When_is_the_Rays_of_Belief_IPO_listing_date\" title=\"When is the Rays of Belief IPO listing date?\">When is the Rays of Belief IPO listing date?<\/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-listing-preview\/#What_is_the_expected_listing_price_of_the_Rays_of_Belief_IPO\" title=\"What is the expected listing price of the Rays of Belief IPO?\">What is the expected listing price of 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-14\" href=\"https:\/\/univest.in\/blogs-2\/rays-of-belief-initial-public-offering-listing-preview\/#What_is_the_price_band_of_the_Rays_of_Belief_IPO\" title=\"What is the price band of the Rays of Belief IPO?\">What is the price band of 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-15\" href=\"https:\/\/univest.in\/blogs-2\/rays-of-belief-initial-public-offering-listing-preview\/#How_can_I_check_my_Rays_of_Belief_IPO_allotment_status\" title=\"How can I check my Rays of Belief IPO allotment status?\">How can 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-16\" href=\"https:\/\/univest.in\/blogs-2\/rays-of-belief-initial-public-offering-listing-preview\/#On_which_exchange_will_the_Rays_of_Belief_IPO_list\" title=\"On which exchange will the Rays of Belief IPO list?\">On which exchange will the Rays of Belief IPO list?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/rays-of-belief-initial-public-offering-listing-preview\/#Is_grey_market_premium_a_reliable_predictor_of_the_Rays_of_Belief_IPO_listing_price\" title=\"Is grey market premium a reliable predictor of the Rays of Belief IPO listing price?\">Is grey market premium a reliable predictor of the Rays of Belief IPO listing price?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/univest.in\/blogs-2\/rays-of-belief-initial-public-offering-listing-preview\/#What_is_the_lot_size_for_the_Rays_of_Belief_IPO\" title=\"What is the lot size for the Rays of Belief IPO?\">What is the lot size 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-19\" href=\"https:\/\/univest.in\/blogs-2\/rays-of-belief-initial-public-offering-listing-preview\/#What_is_the_issue_size_of_the_Rays_of_Belief_IPO\" title=\"What is the issue size of the Rays of Belief IPO?\">What is the issue size of the Rays of Belief IPO?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Rays_of_Belief_IPO_At_a_Glance\"><\/span><strong>Rays of Belief IPO At a Glance<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Detail<\/th>\n<th>Value<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Open Date<\/td>\n<td>1st September 2026<\/td>\n<\/tr>\n<tr>\n<td>Close Date<\/td>\n<td>3rd September 2026<\/td>\n<\/tr>\n<tr>\n<td>Price Band<\/td>\n<td>Rs 227 to Rs 239<\/td>\n<\/tr>\n<tr>\n<td>Lot Size<\/td>\n<td>62<\/td>\n<\/tr>\n<tr>\n<td>Issue Size<\/td>\n<td>Rs 125.00 crores, comprising entirely a fresh issue of 52.30 lakh shares<\/td>\n<\/tr>\n<tr>\n<td>Listing Date<\/td>\n<td>8th September 2026<\/td>\n<\/tr>\n<tr>\n<td>Listing At<\/td>\n<td>BSE and NSE<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"Rays_of_Belief_IPO_Listing_Preview\"><\/span><strong>Rays of Belief IPO Listing Preview<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>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.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Rays_of_Belief_IPO_Listing_Price_Issue_Price_vs_Expected_Gain\"><\/span><strong>Rays of Belief IPO Listing Price: Issue Price vs Expected Gain<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>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.<\/p>\n<table>\n<thead>\n<tr>\n<th>Metric<\/th>\n<th>Value<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Issue Price<\/td>\n<td>Rs 239<\/td>\n<\/tr>\n<tr>\n<td>Estimated Listing Price<\/td>\n<td>Rs 277<\/td>\n<\/tr>\n<tr>\n<td>Expected Listing Gain<\/td>\n<td>15.9%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p style=\"margin-top: 24px;\"><a href=\"https:\/\/univest.in\/screeners\"><strong>Check the Univest Screener for Live IPO Updates<\/strong><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Rays_of_Belief_Financials\"><\/span><strong>Rays of Belief Financials<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The company&#8217;s financial analysis is essential before applying for the Rays of Belief IPO. Look at the table below to learn about Rays of Belief&#8217;s financials (Rs in crore).<\/p>\n<table>\n<thead>\n<tr>\n<th>Year Ended<\/th>\n<th>31st March 2026<\/th>\n<th>31st March 2025<\/th>\n<th>31st March 2024<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Assets<\/td>\n<td>50.89<\/td>\n<td>26.12<\/td>\n<td>12.89<\/td>\n<\/tr>\n<tr>\n<td>Revenue<\/td>\n<td>82.06<\/td>\n<td>36.54<\/td>\n<td>30.76<\/td>\n<\/tr>\n<tr>\n<td>Profit After Tax<\/td>\n<td>4.96<\/td>\n<td>5.88<\/td>\n<td>0.85<\/td>\n<\/tr>\n<tr>\n<td>EBITDA<\/td>\n<td>11.91<\/td>\n<td>3.02<\/td>\n<td>1.49<\/td>\n<\/tr>\n<tr>\n<td>Net Worth<\/td>\n<td>30.81<\/td>\n<td>15.02<\/td>\n<td>5.78<\/td>\n<\/tr>\n<tr>\n<td>Reserves and Surplus<\/td>\n<td>15.22<\/td>\n<td>14.70<\/td>\n<td>5.47<\/td>\n<\/tr>\n<tr>\n<td>Total Borrowings<\/td>\n<td>3.61<\/td>\n<td>4.36<\/td>\n<td>NA<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3><span class=\"ez-toc-section\" id=\"Explanation\"><\/span><strong>Explanation<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Rays of Belief&#8217;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&#8217;s PAT decreased by 16% from Rs 5.88 crore in 31st March 2025 to Rs 4.96 crore in 31st March 2026.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Rays_of_Belief_IPO_Listing_Preview_How_Recent_Other_Consumer_Services_IPOs_Have_Performed\"><\/span><strong>Rays of Belief IPO Listing Preview: How Recent Other Consumer Services IPOs Have Performed<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>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.<\/p>\n<table>\n<thead>\n<tr>\n<th>Company<\/th>\n<th>Issue Price<\/th>\n<th>Listing Day Close<\/th>\n<th>Listing Gain\/Loss<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Mopshop Distribution Ltd.<\/td>\n<td>Rs 138<\/td>\n<td>Rs 130.15<\/td>\n<td>-5.69%<\/td>\n<\/tr>\n<tr>\n<td>Safecure Services Ltd.<\/td>\n<td>Rs 102<\/td>\n<td>Rs 77.55<\/td>\n<td>-23.97%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>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.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_to_Check_the_Rays_of_Belief_IPO_Allotment_Status\"><\/span><strong>How to Check the Rays of Belief IPO Allotment Status?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Check_On_NSE\"><\/span><strong>Check On NSE<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ol>\n<li>Visit the official <a href=\"https:\/\/www.nseindia.com\" rel=\"nofollow noopener\" target=\"_blank\">NSE<\/a> website.<\/li>\n<li>Navigate to the IPO Allotment Status section.<\/li>\n<li>Select the issue type as Equity.<\/li>\n<li>Choose &#8220;Rays of Belief&#8221; from the list of IPOs.<\/li>\n<li>Enter your PAN number or application number and submit to view your allotment status.<\/li>\n<\/ol>\n<h3><span class=\"ez-toc-section\" id=\"Check_On_BSE\"><\/span><strong>Check On BSE<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ol>\n<li>Visit the official <a href=\"https:\/\/www.bseindia.com\" rel=\"nofollow noopener\" target=\"_blank\">BSE<\/a> website.<\/li>\n<li>Navigate to the IPO Allotment Status section.<\/li>\n<li>Select the issue type as Equity.<\/li>\n<li>Choose &#8220;Rays of Belief&#8221; from the list of IPOs.<\/li>\n<li>Enter your PAN number or application number and submit to view your allotment status.<\/li>\n<\/ol>\n<h3><span class=\"ez-toc-section\" id=\"Check_On_the_Registrar_Portal\"><\/span><strong>Check On the Registrar Portal<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ol>\n<li>Visit the <a href=\"https:\/\/ris.kfintech.com\/ipostatus\/\" rel=\"nofollow noopener\" target=\"_blank\">official registrar portal<\/a> of KFin Technologies Ltd.<\/li>\n<li>Select &#8220;Rays of Belief&#8221; from the list of current IPOs.<\/li>\n<li>Choose whether to check using your PAN, application number, or DP\/Client ID.<\/li>\n<li>Enter the required details in the space provided.<\/li>\n<li>Click submit to view your Rays of Belief IPO allotment status.<\/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 track Rays of Belief&#8217;s live listing updates.<\/em><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Key_Takeaways\"><\/span><strong>Key Takeaways<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>Rays of Belief IPO lists on BSE and NSE on 8th September 2026.<\/li>\n<li>Issue price band: Rs 227 to Rs 239 per share.<\/li>\n<li>Estimated listing price: around Rs 277 per share.<\/li>\n<li>Investors can check allotment status on BSE and NSE or through KFin Technologies Ltd.<\/li>\n<\/ul>\n<p>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.<\/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=\"When_is_the_Rays_of_Belief_IPO_listing_date\"><\/span><strong>When is the Rays of Belief IPO listing date?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> 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.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_expected_listing_price_of_the_Rays_of_Belief_IPO\"><\/span><strong>What is the expected listing price of the Rays of Belief IPO?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> 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.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_price_band_of_the_Rays_of_Belief_IPO\"><\/span><strong>What is the price band of the Rays of Belief IPO?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> 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.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_can_I_check_my_Rays_of_Belief_IPO_allotment_status\"><\/span><strong>How can 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 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.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"On_which_exchange_will_the_Rays_of_Belief_IPO_list\"><\/span><strong>On which exchange will the Rays of Belief IPO list?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> 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.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_grey_market_premium_a_reliable_predictor_of_the_Rays_of_Belief_IPO_listing_price\"><\/span><strong>Is grey market premium a reliable predictor of the Rays of Belief IPO listing price?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> 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.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_lot_size_for_the_Rays_of_Belief_IPO\"><\/span><strong>What is the lot size for the Rays of Belief IPO?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> 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.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_issue_size_of_the_Rays_of_Belief_IPO\"><\/span><strong>What is the issue size of the Rays of Belief IPO?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> 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&#8217;s own funds.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>What to expect from the Rays of Belief IPO listing on 8th September 2026, including price band, financials, and how to check allotment status.<\/p>\n","protected":false},"author":28,"featured_media":230194,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1281],"tags":[1015],"class_list":["post-230195","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ipo","tag-ipo"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["230194"],"_edit_lock":["1788494449:28"],"_last_editor_used_jetpack":["block-editor"],"rank_math_primary_category":["1281"],"rank_math_seo_score":["70"],"rank_math_title":["Rays of Belief IPO Listing Preview: Expected Gains?"],"rank_math_description":["Check details on the Rays of Belief (Mom's Belief) IPO listing preview and expectations. 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