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Rays of Belief Limited
Company websiteInvestor note: Rays of Belief Limited aims to raise ₹52,30,000 crore. The fresh issue of ₹52,30,000 crore goes to the company while the OFS of ₹0 crore is an existing-shareholder sale.
Subscription window: 01-09-2026 to 03-09-2026. Allotment and listing timelines: 04-09-2026 / 08-09-2026. Tip: check promoter holding and recent financials before applying.
Start Date01-09-2026
End Date03-09-2026
Listing Date08-09-2026
Allotment Date04-09-2026
Current Price₹239
GMP₹15 (6.28%)
Lot Size62 Shares
Subscription107.71 Times
Face Value₹10 per share
Listing atNSE, BSE
Issue Price₹227 - ₹239
Pre Issue₹1,54,67,619
Post Issue₹2,14,67,619
Issue Size₹52,30,000
(aggregating up to 125.00 Cr)
(aggregating up to 125.00 Cr)
Fresh Issue₹52,30,000
(aggregating up to 125.00 Cr)
(aggregating up to 125.00 Cr)
Offer For Sale-
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The Grey Market Premium (GMP) for Rays of Belief Limited is currently around ₹15 (6.28%). This indicates an estimated listing price of approximately ₹242 based on the latest market sentiment. Please note that GMP values are unofficial and can change frequently as they depend on demand, market conditions, and investor activity.
Gmp Details
| Last Updated | IPO Price | GMP | Estimated Listing Price |
|---|---|---|---|
08 Sep 2026, 04:03 | ₹239 | ₹15 | ₹254 (6.28%) |
07 Sep 2026, 06:32 | ₹239 | ₹17 | ₹256 (7.11%) |
06 Sep 2026, 13:53 | ₹239 | ₹17 | ₹256 (7.11%) |
05 Sep 2026, 04:58 | ₹239 | ₹7 | ₹246 (2.93%) |
05 Sep 2026, 17:08 | ₹239 | ₹9 | ₹248 (3.77%) |
04 Sep 2026, 06:52 | ₹239 | ₹16 | ₹255 (6.69%) |
04 Sep 2026, 09:54 | ₹239 | ₹17 | ₹256 (7.11%) |
04 Sep 2026, 15:58 | ₹239 | ₹11 | ₹250 (4.60%) |
04 Sep 2026, 06:51 | ₹239 | ₹16 | ₹255 (6.69%) |
03 Sep 2026, 04:59 | ₹239 | ₹59 | ₹298 (24.69%) |
03 Sep 2026, 04:49 | ₹239 | ₹47 | ₹286 (19.67%) |
03 Sep 2026, 04:52 | ₹239 | ₹53 | ₹292 (22.18%) |
03 Sep 2026, 06:03 | ₹239 | ₹64 | ₹303 (26.78%) |
03 Sep 2026, 08:30 | ₹239 | ₹59 | ₹298 (24.69%) |
03 Sep 2026, 09:29 | ₹239 | ₹50 | ₹289 (20.92%) |
03 Sep 2026, 09:40 | ₹239 | ₹45 | ₹284 (18.83%) |
03 Sep 2026, 09:43 | ₹239 | ₹35 | ₹274 (14.64%) |
03 Sep 2026, 09:47 | ₹239 | ₹30 | ₹269 (12.55%) |
03 Sep 2026, 09:53 | ₹239 | ₹18 | ₹257 (7.53%) |
03 Sep 2026, 10:21 | ₹239 | ₹13 | ₹252 (5.44%) |
02 Sep 2026, 16:51 | ₹239 | ₹42 | ₹281 (17.57%) |
02 Sep 2026, 13:56 | ₹239 | ₹35 | ₹274 (14.64%) |
02 Sep 2026, 06:41 | ₹239 | ₹32 | ₹271 (13.39%) |
01 Sep 2026, 04:13 | ₹239 | ₹38 | ₹277 (15.90%) |
31 Aug 2026, 06:13 | ₹239 | ₹30 | ₹269 (12.55%) |
31 Aug 2026, 09:22 | ₹239 | ₹39 | ₹278 (16.32%) |
30 Aug 2026, 08:21 | ₹239 | ₹35 | ₹274 (14.64%) |
29 Aug 2026, 06:51 | ₹239 | ₹29 | ₹268 (12.13%) |
28 Aug 2026, 13:33 | ₹239 | ₹25 | ₹264 (10.46%) |
27 Aug 2026, 04:40 | ₹239 | ₹10 | ₹249 (4.18%) |
26 Aug 2026, 10:13 | ₹239 | ₹18 | ₹257 (7.53%) |
25 Aug 2026, 11:54 | ₹239 | ₹0 | ₹239 (0.00%) |
24 Aug 2026, 05:03 | ₹239 | ₹0 | ₹239 (0.00%) |
20 Aug 2026, 06:21 | ₹239 | ₹0 | ₹239 (0.00%) |
13 Apr 2026, 08:46 | ₹239 | ₹0 | ₹239 (0.00%) |
Financials overview In Crores
Here is a quick look at the recent financial performance of Rays of Belief Limited . The numbers below ( In Crores ) show how the company’s revenue and profits have changed over the last few years. This helps investors understand how strongly the business is growing and how stable its financial health is before applying for the IPO.
Key Performance
| KPI | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
EPS | 3.21 | 3.84 | 0.56 |
ROE | 0 | 0 | 0 |
ROCE | 0 | 0 | 0 |
RONW | 21.64 | 56.56 | 16.83 |
PRE IPO(PE) | 75.63 | 0 | 0 |
POST IPO(PE) | 100.84 | 0 | 0 |
Subscription Details (No. of Shares)
The below shows how many shares were subscribed by each investor category in the Rays of Belief Limited IPO. These numbers help you understand where the demand is coming from – whether it’s retail investors, QIBs, or NIBs. Higher subscription usually indicates strong interest and confidence from the market.
Subscription Demand (in ₹ Crore)
| Category | Offered | Demand | Times |
|---|---|---|---|
QIBs | ₹43.74 | 396.18 | 9.06 |
FIIs | ₹0 | 69.31 | 0.00 |
FIs | ₹0 | 1.05 | 0.00 |
Others | ₹0 | 325.82 | 0.00 |
RETAIL | ₹12.50 | 2448.26 | 195.86 |
HNIs 2+ | ₹6.25 | 1435.61 | 229.70 |
HNIs 10+ | ₹12.50 | 3797.67 | 303.81 |
Total | ₹74.99 | 8077.72 | 107.72 |
Application Wise Breakup (Approx. no of Apps)
| Category | Reserved | Applied | Times |
|---|---|---|---|
RETAIL | 8,435 | 14,59,809 | 173.07 |
HNIs(10L +) | 603 | 37,445 | 62.10 |
HNIs (2-10L) | 301 | 67,183 | 223.20 |
Total | 9,339 | 15,64,437 | 167.52 |
The IPO reservation for Rays of Belief Limited shows how the total issue is divided among different investor categories. This includes allocations for Retail Investors, Qualified Institutional Buyers (QIBs), and Non-Institutional Investors (NIIs). Understanding the reservation structure helps investors know how much of the issue is set aside for their category before applying.
IPO Reservation
| Category | Shares Offers | No. of Shares |
|---|---|---|
Anchor | 40.00% | 20,92,190 |
QIB | 35.00% | 18,30,310 |
HNI | 15.00% | 7,84,500 |
RETAIL | 10.00% | 5,23,000 |
TOTAL | 100.00% | 52,30,000 |
Lot(s) Distribution
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
Retail (Min) | 1 | 62 | ₹14,818 | |
sHNI | 14 | 868 | ₹2,07,452 | |
bHNI | 68 | 4,216 | ₹10,07,624 |
Below you can find the official contact details of Rays of Belief Limited along with the registrar handling the IPO process. This information helps investors reach out for queries related to the company or for checking the allotment status and application updates once the IPO process begins.
Company Details
Email: cs@momsbelief.com
Phone: +91 124 407549
Website: https://www.momsbelief.com/
Address: Rays of Belief Ltd. J-1919, Basement, Chittranjan Park, New Delhi, Delhi, 110019
IPO Registrar
Name: Kfin Technologies Limited
Phone: +914067162222
Email: robl.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
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