Uncategorized · NSE, BSE
- Price band
- ₹168–₹177
- Min. investment
- ₹14,868
- Listed
- 8 Sept
Listing vs issue price
Uncategorized · NSE & BSE · Listed 8 Sept
Rays of Belief is a for-profit social enterprise delivering personalized intervention plans for children with neurodevelopmental disorders such as ASD, ADHD, and Down Syndrome. Operating an asset-light model, it runs Company Learning Centres, professional partnerships, and school collaborations across India and the US. Revenue comes from in-person centre operations, online therapy services, and export earnings via global R&D coordination and programmatic innovation, all delivered through accessible, family-centric care. Disclosure: Zerodha (via Rainmatter) holds a 1.09% pre-IPO stake in the company. <span data-mce-type="bookmark" style="display: inline-block; width: 0px; overflow: hidden; line-height: 0;" class="mce_SELRES_start"></span><span data-mce-type="bookmark" style="display: inline-block; width: 0px; overflow: hidden; line-height: 0;" class="mce_SELRES_start"></span>
Listing outcome
Updated 10 Sept 2026, 10:08 am IST
Facts worth noting
Derived from the figures on this page. Observations, not a recommendation.
Documents
DRHP and RHP links appear here once connected to a live document source. Always read the red herring prospectus on sebi.gov.in or the exchange website before applying.
Unofficial per-share premium quoted by grey market dealers. Estimated listing price = upper band + GMP.
| Date | GMP | Est. listing |
|---|---|---|
| 7 Sept | ₹20 | ₹259 |
| 6 Sept | ₹15 | ₹254 |
| 5 Sept | ₹10 | ₹249 |
| 4 Sept | ₹14 | ₹253 |
| 3 Sept | ₹30 | ₹269 |
| 2 Sept | ₹37 | ₹276 |
| 1 Sept | ₹43 | ₹282 |
| 31 Aug | ₹39 | ₹278 |
| 30 Aug | ₹32 | ₹271 |
| 29 Aug | ₹28 | ₹267 |
| 28 Aug | ₹15 | ₹254 |
| 27 Aug | ₹10 | ₹249 |
Grey market premium, Kostak and Subject-to-Sauda rates are unofficial, unregulated indications collected from market sources. They are not endorsed by SEBI, NSE or BSE and are no guarantee of the listing price. IPOKhazana does not deal in, facilitate or recommend grey market transactions.
Times subscribed per category, cumulative by day. QIB figures exclude the anchor portion.
As of day 3 · 3 Sept. Bars use a log scale; amber marks categories still under 1×.
| Day | QIB | bNII | sNII | NII | Retail | Total |
|---|---|---|---|---|---|---|
| Day 3 3 Sept | 9.06× | 304× | 230× | 279× | 196× | 108× |
Overall 108× as of day 3. Retail bids are capped at ₹2 lakh per PAN; oversubscribed retail and sNII portions are allotted by lottery.
Under SEBI's T+3 timeline: allotment on T+1, refunds and demat credit on T+2, listing on T+3, where T is the closing day.
Tue, 1 Sept, 2026
Thu, 3 Sept, 2026
Fri, 4 Sept, 2026
Mon, 7 Sept, 2026
Mon, 7 Sept, 2026
Tue, 8 Sept, 2026
Basis of allotment is due on Fri, 4 Sept, 2026. Check with the registrar using your PAN, application number or DP/client ID.
Check your status
Registrar details for this issue haven't been indexed yet.
Estimate your odds
Chance of at least one lot
0.5%
Illustrative estimate from published subscription figures. The registrar's basis of allotment is the only authoritative source.
Attributed summaries of published research. IPOKhazana does not issue its own subscribe or avoid calls.
Opinions belong to the named source. Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.
The price band is ₹227 to ₹239 per share with a lot size of 62 shares. The minimum application is 1 lot, or ₹14,818 at the upper band.
The issue opens on Tue, 1 Sept, 2026 and closes on Thu, 3 Sept, 2026. Basis of allotment is expected on Fri, 4 Sept, 2026, refunds and demat credit by Mon, 7 Sept, 2026, and listing on Tue, 8 Sept, 2026 on NSE and BSE.
The latest grey market premium is ₹20 per share (7 Sept), implying an estimated listing price of about ₹259 and an expected gain of +8.4% over the upper band. GMP is unofficial and unregulated and is not a forecast of the listing price.
Allotment is finalised around Fri, 4 Sept, 2026. Check with the issue's registrar using your PAN, application number or DP/client ID, or on BSE's application-status page, or in your broker app.
As of day 3 (3 Sept) the issue is subscribed 108× overall: QIB 9.06×, NII 279×, retail 196×.
Rays of Belief Limited- For Profit Social Enterprise (FPSE) is a mainboard issue listing on NSE and BSE. Current status: Listed.
Same board or stage as MOMSBELIEF. The GMP tracker lines them all up side by side.
Uncategorized · NSE, BSE
Listing vs issue price
Uncategorized · NSE, BSE
Grey market premium
Not yet quotedUncategorized · NSE, BSE
Grey market premium
Not yet quoted