The Rays of Belief IPO began on 01-September-2026. It will close on 03-September-2026. The Total IPO Size is 460 Crores. The company set its IPO price at Rs 177 per share.
There are three basic categories in Rays of Belief Subscription: 1) Qualified Institutional Buyers, 2) Non-Institutional Investors, and 3) Retail.
Rays of Belief is a For-Profit Social Enterprise providing intervention plans for children with Neurodevelopmental Disorders (“NDDs”). Such plans are personalised based on each child’s unique needs and condition severity. NDDs include Autism Spectrum Disorder (“ASD”), Attention-Deficit/ Hyperactivity Disorder (“ADHD”), Down Syndrome (“DS”), Cerebral Palsy (“CP”), Intellectual Disability (“ID”), Learning Disabilities (“LD”), and Global Developmental Delays (“GDD”).
Rays of Belief IPO Promoters
Nitin Bindlish and Carving Futures Pte.Ltd are the promoters of the company.
Rays of Belief Date, Details & Price Band
The Rays of Belief Price Band, IPO Dates, Market lot and other details are mentioned in the table below.
| IPO Opening Dates | 01-September-2026 |
| IPO Closing Dates | 03-September-2026 |
| Price | 227-239 Rs |
| Fresh Issue | 125 Crores |
| Offer for sale | NIl |
| Total IPO size | 125 Crores |
| Face Value | 10 INR Per Share |
| Issue Type | Book Built Issue |
| Listing On | NSE, BSE |
| Pre IPO Market Cap | 499.55 Cr (on Upper Price) |
Rays of Belief Market Lot
The Rays of Belief minimum market lot is 62 shares, with a ₹14,868 application amount.
| Lot | No of Shares | Amount | |
| Retail Minimum | 1 | 62 | ₹14,818 |
| Retail Maximum | 13 | 806 | ₹1,92,634 |
| S-HNI Minimum | 14 | 868 | ₹2,07,452 |
| S-HNI Maximum | 67 | 4,154 | ₹9,92,806 |
| B-HNI Minimum | 68 | 4,216 | ₹10,07,624 |
Restated Consolidated Financial Information (Amt. in Crore)
| Total Assets | Total Revenue | Profit After Tax | |
| 31-Mar-26 | 50.89 | 82.06 | 4.96 |
| 31-Mar-25 | 26.12 | 36.54 | 5.88 |
| 31-Mar-24 | 12.89 | 30.76 | 0.85 |
Rays of Belief GMP & Grey Market Premium
The Rays of Belief GMP (Grey Market Premium) has started today. Check the Latest Rays of Belief GMP, Kostak Rates, and Subject to Sauda Price here.
Rays of Belief Prospectus
The Rays of Belief Prospectus is Available on the NSE/BSE and SEBI websites, as well as on our Portal. Please click here to download the Rays of Belief Prospectus.
| DRHP | Download |
| RHP | Download |
| Anchor Investors List | Download |
Rays of Belief Allotment Date & Details
| Allotment Date | 04-September-2026 |
| Initiation of refunds | 07-September-2026 |
| Transfer of shares to Demat accounts | 07-September-2026 |
| Listing Date | 08-September-2026 |
| Check Allotment Status | Click here |
Rays of Belief Registrar
Kfin Technologies Limited
Selenium, Tower-B, Plot 31 and 32, Gachibowli, Financial District, Nanakramguda,
Serilingampally, Hyderabad – 500 032, Telangana
Tel: +91 40 6716 2222
E-mail Address: robl.ipo@kfintech.com
Investor grievance e-mail: einward.ris@kfintech.com
Contact Person: M. Murali Krishna
Website: www.kfintech.com
SEBI Registration No.: INR000000221
Rays of Belief Contact Address
Rays of Belief Ltd.
Address :J-1919, Basement,
Chittranjan Park, New Delhi,
Delhi, New Delhi, 110019
+91 124 407549
cs@momsbelief.com
Rays of Belief Lead Managers
Mefcom Capital Markets Limited
G-III, Ground Floor, Dalamal House,
Jamnalal Bajaj Marg, Nariman Point,
Mumbai 400021
Tel: +91 22 35227026
E-mail Address: robl.ipo@mefcomcap.in
Investor Grievance E-mail Address: investor.grievance@mefcom.in
Contact Person: Akhil Mohod/ Mukta Shirke
Website: www.mefcomcap.in
SEBI Registration No.: INM000000016
