Rays Of Belief Ltd.
NSE & BSE₹227–239
₹ 75 Cr
62 Shares
₹ 14,074
₹10
Financial Summary
| Particulars | FY 2025-26 |
|---|---|
| 816.62 | |
| 4.02 | |
| 820.64 | |
| 693.08 | |
| 69.03 | |
| 49.59 |
Subscription Details
Subscription
IPO Timeline
IPO Offer Start
1 Sept 2026
IPO Offer Ends
3 Sept 2026
8 Sept 2026
Use of Proceeds
| # | Purpose | Amount (₹ Million) |
|---|---|---|
| 1 | Funding capital expenditure towards establishment of new centres on leased premises | 413.61 |
| 2 | Expenditure for lease payments for our existing centres in India | 144.45 |
| 3 | Investment in our Subsidiary, Mom’s Belief US Inc., for making lease / license payments | 101.31 |
| 4 | Expenditure for brand awareness and inclusive outreach programs | 102.08 |
Promoters
Book Running Lead Managers
Promoter Shareholding
Pre-IPO
92.93%
Promoter stake
Post-IPO
68.77%
Promoter stake
Offered to Public
31,37,810
shares
Post Share Capital
1,43,74,264
shares
IPO Registrar
KFIN Technologies Ltd.
About the Company
Our Company is a For-Profit Social Enterprise providing intervention plans for children with NeurodevelopmentalDisorders (“NDDs”). Such plans are personalised based on each child’s unique needs and condition severity. NDDsinclude Autism Spectrum Disorder (“ASD”), Attention-Deficit/ Hyperactivity Disorder (“ADHD”), Down Syndrome(“DS”), Cerebral Palsy (“CP”), Intellectual Disability (“ID”), Learning Disabilities (“LD”), and GlobalDevelopmental Delays (“GDD”).
Use of Proceeds
1. Funding capital expenditure towards establishment of new centres on leased premises (tenure of 11 months - 3years) and associated technology (hardware) costs:(i) Setting up new centres by our Company (“Company Learning Centres”) and our Company inpartnership with Licensed Professionals (“Company Learning Centres in partnership with LicensedProfessionals”);(ii) Setting up new centres in collaboration with schools (“School Collaboration Centres”);(iii) Setting up of new centres to drive research, innovation, and best practices in the domain ofneurodevelopmental disorder (“Centre for Excellence and Research “/ “COER”);(iv) Setting up of in-house training academies for continuous learning and professional upskilling(“Upskilling Academy”); and (collectively referred to as “New Centres”)(v) Technology (hardware) costs.2. Expenditure for lease payments for our existing centres in India.3. Investment in our Subsidiary, Mom’s Belief US Inc., for making lease / license payments for our existing centres in the USA.4. Expenditure for brand awareness and inclusive outreach programs.5. Funding inorganic growth through unidentified acquisition and general corporate purposes.
Rays Of Belief Ltd. Latest News
News
Rays Of Belief trades jubilantly on reporting consolidated net profit of Rs 2.79 crore in Q1FY27
The total income of the company has increased by 135.69% to Rs 25.36 crore for Q1FY27
Rays Of Belief turns black in Q1FY27
The company has reported consolidated net profit of Rs 2.79 crore for Q1FY27
Rays Of Belief soars on completing 100% acquisition of City Pro Group Inc
The acquisition strengthens Mom’s Belief’s presence in the U.S. pediatric developmental care market
Rays Of Belief completes 100% acquisition of City Pro Group Inc
The acquisition strengthens Mom’s Belief’s presence in the U.S. pediatric developmental care market
Rays of Belief informs about disclosures
Rays of Belief makes flat debut on BSE
The scrip is currently trading at Rs. 231.00, down by 8 points or 3.35% from its issue price
Rays of Belief coming with IPO to raise Rs 125 crore
The issue will open for subscription on September 01, 2026 and will close on September 03, 2026
IPO FAQs
The Rays Of Belief Ltd. IPO has a total of ₹75 crore, calculated at the upper end of the .
The Rays Of Belief Ltd. IPO is priced at ₹227–239 per share. bids must fall within this , against a of ₹10 per share.
The for the Rays Of Belief Ltd. IPO is 62 shares, which is also the minimum order quantity — you have to apply for at least 62 shares, and in multiples of 62 beyond that.
The minimum investment in the Rays Of Belief Ltd. IPO is about ₹14,074 — one lot of 62 shares, calculated at the lower end of the .
Bidding at the cut-off or upper price raises the amount blocked in your account.
The Rays Of Belief Ltd. opens on 1 Sept 2026 and closes on 3 Sept 2026.
Applications have to be in before 5:00 PM IST on the closing day, and your UPI mandate needs to be approved by then as well.
Rays Of Belief Ltd. shares were listed on 8 Sept 2026 on BSE and NSE.
KFIN Technologies Ltd. is the for the Rays Of Belief Ltd. IPO.
The registrar processes the , refunds and the credit of shares to your demat account, so allotment-status queries go to them.
Rays Of Belief Ltd. IPO shares are listed on BSE and NSE.
Each Rays Of Belief Ltd. share has a of ₹10.
Face value is the nominal value recorded in the company's books and is separate from the issue price you pay.
held 92.93% of Rays Of Belief Ltd. before the IPO, which falls to 68.77% after the issue.
31,37,810 shares of Rays Of Belief Ltd. are being offered to the public in this issue.
The Rays Of Belief Ltd. IPO has been subscribed 107.71x overall — 9.06x, 279.11x and 195.87x.
figures update through the issue period until it closes.
- 1.Funding capital expenditure towards establishment of new centres on leased premises (tenure of 11 months - 3years) and associated technology (hardware) costs:(i) Setting up new centres by our Company (“Company Learning Centres”) and our Company inpartnership with Licensed Professionals (“Company Learning Centres in partnership with LicensedProfessionals”);(ii) Setting up new centres in collaboration with schools (“School Collaboration Centres”);(iii) Setting up of new centres to drive research, innovation, and best practices in the domain ofneurodevelopmental disorder (“Centre for Excellence and Research “/ “COER”);(iv) Setting up of in-house training academies for continuous learning and professional upskilling(“Upskilling Academy”); and (collectively referred to as “New Centres”)(v) Technology (hardware) costs
- 2.Expenditure for lease payments for our existing centres in India
- 3.Investment in our Subsidiary, Mom’s Belief US Inc., for making lease / license payments for our existing centres in the USA
- 4.Expenditure for brand awareness and inclusive outreach programs
- 5.Funding inorganic growth through unidentified acquisition and general corporate purposes
Mefcom Capital Markets Ltd is the book running lead manager for the Rays Of Belief Ltd. IPO.
Pre-apply means placing your Rays Of Belief Ltd. application before the subscription window actually opens. The bid is held and forwarded to the exchange on the opening day, so you don't have to submit it in the rush of the first morning.
Applying early doesn't improve your chances — when an issue is oversubscribed, the for investors is decided by a lottery, not by who applied first. Your money is only blocked once the application reaches the exchange.
You can apply in the Rays Of Belief Ltd. IPO online using either UPI or ASBA as the payment method. ASBA applications are made through the net banking of a bank account that supports IPO applications — the bank blocks the amount in your account instead of debiting it. UPI applications are offered by brokers that don't provide banking services: you enter your UPI ID and then approve the mandate request in your UPI app.
Either route needs a demat account. You bid for at least one lot, at a price within the or at the cut-off price, and the money stays blocked in your bank account until the is finalised.
Your broker or bank confirms the bid once it has been submitted to the exchange, usually within a few minutes during the bidding window. A UPI application only goes live after you approve the mandate request — ignore it and the bid lapses, even though it looks placed.
You can check the Rays Of Belief Ltd. bid independently on the NSE or BSE IPO bid-verification page a day after applying. An ASBA application also shows up as a blocked amount in your bank statement.