Rays of Belief IPO Day 3: Subscription Closes Today, 3 September 2026

Rays of Belief IPO closes today, 3 Sep 2026, 5 PM. Subscribed 3.63x at Day 2 close, Retail 6.51x on Day 1. Price band Rs 227-239. Lists on NSE and BSE.

Updated: 3 Sept 2026 • 10:03 am

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Quick Answer

The Rays of Belief IPO, operating under the Mom's Belief brand, is on its final day of bidding on 3 September 2026, with the subscription window closing at 5 PM today. The Rays of Belief IPO overall subscription stood at 3.63 times at the close of Day 2, building on retail demand that had already crossed 6.51 times on Day 1. The issue reserves 35 percent of the issue for QIBs, so late institutional bids in the final hours could take the closing figure meaningfully higher. Investors should track the live numbers on NSE and BSE before the deadline.

Rays of Belief, which provides therapy and personalised intervention plans for children with autism, ADHD and related developmental conditions under the Mom's Belief brand, has reached Day 3, the final day of its IPO subscription window, which opened on 1 September 2026 and closes today, 3 September 2026. The issue is a mainboard, book built issue worth Rs 125 crore and will list on both NSE and BSE.

Demand for the issue has built through the bidding window, moving from a Day 1 close of 1.18 times overall, powered by strong retail bidding, to 3.63 times by the end of Day 2. With qualified institutional buyers historically slower to commit, today's closing session will show how much further the book can run.

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Table of Contents

Rays of Belief IPO Details

The table below lists the key parameters of the issue.

Open Date	1 September 2026
Close Date	3 September 2026
Price Band	Rs 227 to Rs 239 per share
Lot Size	62 shares
Issue Size	Rs 125 crore
Issue Type	Book Built Issue
Listing At	NSE and BSE
Allotment Date	4 September 2026
Listing Date	8 September 2026

Rays of Belief IPO Subscription Status Day 3

The issue reserves around 35 percent of the issue for QIBs, 15 percent for NII and 10 percent for retail investors, with a 40 percent anchor allocation. The table below captures the subscription trend through the bidding window.

Session	Overall Subscription	Retail Subscription
Day 1 close (1 Sep, 5:06 PM)	1.18 times	6.51 times
Day 2 close (2 Sep, 5:06 PM)	3.63 times	Updating
Day 3, closing day so far (3 Sep)	Updating through the session	Updating through the session

Retail bidding has consistently driven the issue, while the roughly 35 percent QIB allocation gives institutional investors meaningful room to add to the book on the closing day. The final subscription figure for the issue should only be clear after the 5 PM cut off today.

Track Subscription Status for the issue on the Univest Screener

How to Apply for the Rays of Belief IPO

Open a Demat and trading account with a SEBI-registered broker such as Univest if you do not already have one.
Select the issue on your broker app or net banking portal and enter your bid quantity and price within the Rs 227 to Rs 239 band.
Submit the bid through the UPI-based ASBA method so that the amount is blocked in your bank account rather than debited immediately.
Approve the UPI mandate promptly, well before the 5 PM cut off today, since the issue closes for good after this session.

Download the Univest iOS App or Univest Android App to apply for the issue before it closes today.

Grey market premium (GMP) is an unofficial, unregulated indicator for the issue 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.

Conclusion

The issue closes today, 3 September 2026, having run at 3.63 times overall by the close of Day 2 on the back of heavy retail demand, with institutional bidding still to be fully tested. Investors should study the company financials and sector risks in the RHP on nseindia.com and bseindia.com before applying to the issue.

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).

What is the Rays of Belief IPO subscription status on Day 3?

Ans. The issue closed Day 2 subscribed 3.63 times overall, up from 1.18 times at the Day 1 close, with figures updating through the final session on Day 3, 3 September 2026.

When does the Rays of Belief IPO close?

Ans. The issue closes for subscription today, 3 September 2026, at 5 PM, having opened on 1 September 2026.

What is the Rays of Belief IPO GMP?

Ans. Grey market premium (GMP) is an unofficial, unregulated indicator for the issue 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.

What is the Rays of Belief IPO price band and lot size?

Ans. The issue 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.

How do I apply for the Rays of Belief IPO before it closes?

Ans. You can apply for the issue 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 before the 5 PM cut off today.

When will the Rays of Belief IPO be allotted and listed?

Ans. The issue allotment is expected to be finalised on 4 September 2026, with listing on NSE and BSE tentatively scheduled for 8 September 2026.

Which category is leading the Rays of Belief IPO subscription?

Ans. Retail investors have led the issue with 6.51 times subscription on Day 1 alone, while the roughly 35 percent QIB allocation leaves meaningful room for institutional bids to add to the book before the closing deadline.