Mom’s Belief Parent Eyes IPO: 52.30 Lakh Shares on Sept 1
By Business Desk
Rays of Belief Ltd, parent of Mom’s Belief, launches IPO on Sept 1, 2026, offering 52.30 lakh equity shares to fund expansion with 319 new centers by FY29.
Rays of Belief Ltd, parent company of Mom’s Belief, is set to launch its Initial Public Offering (IPO) on September 1, 2026. The public issue will comprise a fresh issue of up to 52.30 lakh equity shares.
IPO at a Glance
- Launch Date: September 1, 2026
- Closing Date: September 3, 2026
- Anchor Bidding: August 31, 2026
- Fresh Issue: Up to 52.30 lakh equity shares
- IPO Proceeds Goal: Rs 41.36 crore
- Pre-IPO Placement Raised: Rs 5.89 crore
The Gurugram-based company plans to utilize the IPO proceeds for aggressive expansion across India. This includes establishing 319 new centers between FY27 and FY29.
Expansion Strategy
- Target Cities: Tier-II and Tier-III cities
- Allocation for Fit-outs: Rs 34.99 crore
- Allocation for Therapy-Material Inventory: Rs 1.93 crore
- Allocation for Technology Hardware: Rs 4.44 crore
As of March 31, 2026, Rays of Belief operated 136 centers across 57 cities and 20 states/Union Territories. Since 2018, the company has served over 58,000 children, positioning itself as a leader in behavioral health.
The company’s financial performance shows significant revenue growth alongside a decline in annual profit. Consolidated revenue from operations saw a sharp increase in the last fiscal year.
Recent Financials (FY26)
- Consolidated Revenue from Operations: Rs 81.66 crore (up from Rs 36.42 crore in FY25)
- Profit for the Year: Rs 4.96 crore (down from Rs 5.88 crore)
The equity shares are slated for listing on both the BSE and NSE, marking its entry as a for-profit social enterprise.