Rays of Belief Limited IPO
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Rays of Belief Limited's is preparing to launch its Initial Public Offering (IPO) with a substantial issue size of 60,00,000 Shares. The offering comprises a fresh issue component of 60,00,000 Shares.
The price band for the IPO has been set at TBD, providing investors with a range to place their bids. The minimum investment lot consists of TBD, making it accessible to both retail and institutional investors.
The subscription window for this public offering opens on TBD and will conclude on TBD. Following the subscription period, the share allotment is scheduled for TBD, with the official listing expected to commence on TBD on the NSE, BSE exchange.
Rays of IPO About Company
Rays of Belief is a social enterprise focused on providing personalized care and therapy for children with neurodevelopmental disorders such as autism, ADHD, and learning disabilities, aiming to improve access, affordability, and quality of support while also empowering parents. Starting with its first centre in Gurgaon in 2018, the company has expanded rapidly to over 130 centres across 57 cities in India, mainly in Tier 2 locations, under the brand Mom’s Belief. It offers services like early intervention, occupational and language therapy, along with family support programs for children typically aged 18 months to 12 years, and extended programs up to 15 years. Having supported over 56,000 children so far, the company also expanded internationally by acquiring Mom’s Belief US, adding centres in Virginia, further strengthening its reach and impact.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
The expected premium is based on market buzz and online information. It should not be considered as the actual listing price or valuation. Always refer to the RHP and seek advice from a financial expert before making any investment decisions.
Rays of IPO Strength Factors
- Niche Lifestyle & Retail Focus: Operates in a specialized segment catering to specific consumer preferences, helping build a distinct market identity.
- Expanding Brand Presence: Growing visibility and customer reach support potential for higher sales and market penetration.
- Scalable Business Model: Opportunity to expand across locations and product lines supports long-term growth.
Rays of IPO Risk Factors
- Limited Operating History/Scale: Relatively smaller size may impact brand strength and bargaining power.
- Consumer Demand Sensitivity: Sales depend on changing consumer preferences and discretionary spending.
- Competitive Retail Environment: Faces competition from established brands and local players, affecting pricing and margins.
Rays of IPO Lead Manager(s)
- Mefcom Capital Markets Limited
Rays of IPO Promoter(s)
- Nitin Bindlish
- Carving Futures Pte. Ltd.
Rays of IPO FAQs
Rays of Belief Limited IPO subscribed 0 times. The public issue subscribed -- times in the retail category,-- times in QIB, and -- times in the HNI (10+) category byApril 13, 2026 8:47:27 AM (Day 13).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Rays of IPO IPO Investor Categories
The offer proceeds will be utilised towards the following investor categories in compliance with SEBI regulations:
Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes, and pension schemes.
Non-Institutional Investors (NII / HNI)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than ₹2 lakhs are known as Non-Institutional Bidders. Unlike QIBs, they do not need SEBI registration.
Subcategories of NII:
- sNII (Small NII – bids below ₹10 Lakhs)
For bids between ₹2–10 lakhs. One-third of NII shares are reserved for this category, also known as Small HNI (sHNI).
- bNII (Big NII – bids above ₹10 Lakhs)
For bids above ₹10 lakhs. Two-thirds of NII shares are reserved for this category, also called Big HNI (bHNI).
- sNII (Small NII – bids below ₹10 Lakhs)
Retail Individual Investors (RII)
Individual investors or NRIs who apply up to ₹2 lakhs in an IPO are considered under the RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
This includes eligible shareholders or other investors with reserved quotas in the IPO.
Rays of IPO FAQs
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Rays of Belief Limited was listed on the stock exchange on . The IPO was subscribed 0x. The last GMP for Rays of Belief Limited IPO was ₹0, updated on April 13, 2026 8:47:27 AM (Day 13). As per the last GMP, the expected profit/loss for the IPO was ₹0.
The IPO allotment has not been confirmed yet. To check your status , Rays of IPO Allotment Status Please Click Here.
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If you have any concerns or queries about the allotment status, contact Kfin Technologies Limited either by phone or email. Investors can call on or send an email with all relevant details to .