Rays of Belief Limited- For Profit Social Enterprise (FPSE) IPO
1 Sept 2026 – 3 Sept 2026
Share Price
- Candle
- 6 Oct
- O
- ₹228.4
- H
- ₹234.8
- L
- ₹224.21
- C
- ₹232.64
19 trading days since listing · NSE end-of-day prices
Issue Details
- Price Band
- ₹227 – ₹239
- Lot Size
- 62 shares
- Min Investment
- ₹14,818 (1 lot · 62 shares)
- Face Value
- ₹10
- Issue Size
- Initial Public Offer comprising of Fresh Issue up to 52,30,000 Equity Shares (including Anchor Investor portion of 20,92,190 Equity Shares)
- Registrar
- KFin Technologies Limited ↗
Timetable
GMP History
Latest GMP ₹15 · Last updated 7 Oct 2026, 11:51 am IST
| Date | GMP | GMP % | Change | Est. Listing | Updated (IST) |
|---|---|---|---|---|---|
| 7 Sept | ₹17 | +7.1% | −₹3 | ₹256 | |
| 6 Sept | ₹20 | +8.4% | +₹13 | ₹259 | |
| 5 Sept | ₹7 | +2.9% | −₹10 | ₹246 | |
| 4 Sept | ₹17 | +7.1% | +₹5 | ₹256 | |
| 3 Sept | ₹12 | +5.0% | −₹26 | ₹251 | |
| 2 Sept | ₹38 | +15.9% | — | ₹277 | |
| 1 Sept | ₹38 | +15.9% | −₹1 | ₹277 | |
| 31 Aug | ₹39 | +16.3% | +₹4 | ₹278 | |
| 30 Aug | ₹35 | +14.6% | +₹8 | ₹274 | |
| 29 Aug | ₹27 | +11.3% | +₹20 | ₹266 | |
| 28 Aug | ₹7 | +2.9% | — | ₹246 |
Subscription
Day-wise subscription
| Date | QIB | NII / HNI | Retail | Total |
|---|---|---|---|---|
| 3 Sept | — | — | — | 77.15x |
| 2 Sept | 0.01x | 2.07x | 18.63x | 3.63x |
| 1 Sept | 0.00x | 0.39x | 6.49x | 1.18x |
About Rays of Belief Limited- For Profit Social Enterprise (FPSE)
Rays of Belief Limited is the parent company of Mom’s Belief , a leading child development and therapy organization dedicated to empowering families through evidence-based practices. The company focuses on creating personalized therapeutic programs for children with autism and other developmental delays, helping them achieve their full potential. Through its Integrated Learning Centres, Rays of Belief provides a supportive and inclusive environment where children receive expert guidance from professionals in child psychology, speech, behaviour, and occupational therapy. The centres are designed to promote holistic growth and emotional well-being. Services: Occupational Therapy – to enhance motor skills and daily functioning. Speech Therapy – to improve communication and language abilities. Special Education – individualized learning support for children with diverse needs. Applied Behaviour Analysis (ABA) – behaviour-based intervention for skill development. Language and Communication Therapy – to strengthen verbal and social communication. Adult Counselling - to support parents and caregivers in managing challenges effectively.
As published in the company's own offer documents.
Lead Managers
- Mefcom Capital Markets Limited
Offer details
Application sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min)one lot, the smallest bid allowed | 1 | 62 | ₹14,818 |
| Retail (max)most that stays under ₹2L | 13 | 806 | ₹1,92,634 |
| S-HNI (min)first bid over ₹2L | 14 | 868 | ₹2,07,452 |
| S-HNI (max)most that stays under ₹10L | 67 | 4,154 | ₹9,92,806 |
| B-HNI (min)first bid over ₹10L | 68 | 4,216 | ₹10,07,624 |
Priced at the top of the band, which is what a cut-off bid pays. Retail ends at ₹2,00,000 and S-HNI at ₹10,00,000; these are SEBI's limits, not the issuer's.
Issue mechanics
- Issue Type
- Book Building
- Categories
- FI, IC, MF, FII, OTH, CO, IND, and NOH
- Max Bid (Retail)
- Rs. 2,00,000
- Tick Size
- Re. 1
- Bidding Hours
- 10.00 a.m. to 5.00 p.m.
- UPI Mandate Cut-off
- 03-Sep-2026 (upto 5:00 PM) The new cut-off time for UPI mandate acceptance is 05:00 PM on last day of IPO bidding. Further bids with confirmed status of mandate amount blocked (RC100) shall be considered as valid applications and hence, investors are advised to submit their UPI applications in IPO well in advance to avoid any last minute technical/systemic constraints that may hamper their ability
- Sponsor Bank
- ICICI Bank Limited
Registrar
- Name
- KFin Technologies Limited
- Address
- Selenium, Tower-B, Plot 31 and 32, Gachibowli, Financial District, Nanakramguda, Serilingampally, Hyderabad - 500 032, Telangana
- Contact
- M. Murali Krishna, +91 40 6716 2222, robl.ipo@kfintech.com
Documents
- Red Herring ProspectusThe full offer documentPDF
- Basis of Issue PriceHow the band was arrived atPDF
- Anchor AllocationWho was allotted before the issue openedPDF
Published by NSE as ZIP archives; opened here as the PDF inside.
Collected from NSE and public sources. Always confirm against the prospectus before applying.
Frequently Asked Questions
What is the GMP of Rays of Belief Limited- For Profit Social Enterprise (FPSE) IPO today?
The latest grey market premium for Rays of Belief Limited- For Profit Social Enterprise (FPSE) IPO is ₹15. GMP is unofficial and indicative only — it is not a guarantee of listing price.
What is the price band of Rays of Belief Limited- For Profit Social Enterprise (FPSE) IPO?
The price band is ₹227 – ₹239, with a lot size of 62 shares. The minimum investment is ₹14,818.
When does Rays of Belief Limited- For Profit Social Enterprise (FPSE) IPO open and close?
The issue opens on 1 Sept 2026 and closes on 3 Sept 2026. Listing is expected on 8 Sept 2026.
Who is the registrar for Rays of Belief Limited- For Profit Social Enterprise (FPSE) IPO?
KFin Technologies Limited is the registrar. Allotment status can be checked on the registrar's website once allotment is finalised.