Rays of Belief
08 Sep '26MAINBOARD
Min. Investment
₹14,074
Issue size
₹125 Cr
GMP
Locked
Overall subscription: 1.04x
Expert verdict
IPO dates
01 Sep
Opening
03 Sep
Closing
04 Sep
Allotment
08 Sep
Listing
*Refunds will be initiated on 07 Sep '26
IPO quota
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 62 | ₹14,818 |
| HNI (Min) | 14 | 868 | ₹2,07,452 |
Subscription (as on 01 September 2026, 11:09 AM)
Overall1.04x
Qualified institutional buyers
Non-Institutional Buyers
Retail Investors
Employee
About company
Founded: 2017|MD: Mr Nitin Bindlish
- Rays of Belief Limited is a for-profit social enterprise that provides intervention plans for children with neurodevelopmental disorders (NDDs), including Autism Spectrum Disorder, ADHD, Down Syndrome, Cerebral Palsy, Intellectual Disability, Learning Disabilities and Global Developmental Delays.
- Its personalised intervention plans are based on each child's needs and condition severity. The company provides early intervention, parental guidance, occupational therapy, language therapy, and family support programmes through its centres and digital e-therapy programmes.
- Its services primarily cater to children aged 18 months to 12 years, with programmes for children up to 15 years focused on vocational and life skills. The company operates under the brand name Mom’s Belief and had 136 centres across 57 cities in 20 states and Union Territories in India as of March 31, 2026. It also has three centres in Virginia, USA, following its acquisition of Mom’s Belief US, Inc. in June 2025.
Issue Details & Objective
Lot size
62 Shares
Price band
₹227 to 239
Face value
₹10 per share
Financials
IPO reservation
Anchor investor - 40.00%
QIB - 35.00%
HNI - 15.00%
Retail - 10.00%
Download DRHP (IPO Doc)FAQs
Our SEBI-registered investment advisors give out verdicts for each IPO. You can refer to their expert verdict at the top of this page. Please note that these verdicts are for informational purposes only and should not be construed as investment advice. Markets are subject to risk, and investors should exercise their own discretion and diligence.
The issue size of Rays of Belief IPO is ₹125 Cr
The Rays of Belief IPO will be open for applications from 01 Sep '26 to 03 Sep '26
The lot size of Rays of Belief IPO is 62 Shares and its minimum investment amount is ₹14,074.
Grey market premium (GMP) is a premium amount at which grey market IPO shares are traded before they get listed in the stock exchange. The GMP for Rays of Belief IPO is null
