
Rays of Belief
OpenMainboardIPO Details
IPO Details
Key terms of the offer — price band, lot size, issue size, and important IPO dates.
Issue price₹227-239 per equity share
Lot size62 shares
Face value₹10 per equity share
Min investment₹14,818
Issue size₹125 Cr
Fresh issue52,30,000 shares(up to ₹125 Cr)
Listing atNSE
Listing dateSep 8, 2026
RegistrarKFIN TECHNOLOGIES LIMITED
Lead manager(s)Mefcom Capital Markets Limited
IPO Timeline
Timeline
Displays the complete IPO schedule, including the issue opening and closing dates, basis of allotment, refund initiation, share credit to Demat accounts, and the expected listing date on the stock exchanges.
Bidding StartsIn progress
Sep 1, 2026Bidding EndsUpcoming
Sep 3, 2026Allotment Upcoming
Sep 4, 2026ListingUpcoming
Sep 8, 2026IPO Documents
IPO Documents
Provides access to the official offer documents filed by the company with SEBI, including the RHP and DRHP.
Application Wise Breakup (Approx.)
Application Wise Breakup (Approx.)
Shows the number of applications received against the reserved category size, indicating how many times each investor category was subscribed by application count.
| Category | Reserve (Shares) | Applied (No. of Applications) | Times Folded |
|---|---|---|---|
| QIBs | — | — | — |
| NIIs | — | — | — |
| BNIIs (>10L) | — | 16 | 0.03x |
| SNIIs (<10L) | — | 248 | 0.82x |
| Individual | — | 48,265 | 5.72x |
| Total | — | — | — |
Total Applications48,529 approx.
Grey Market Premium (GMP) History
Grey Market Premium (GMP) History
Shows the daily Grey Market Premium, estimated listing price, and estimated gains before listing.
Current GMP₹146%
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Market Lot Size
IPO Lot Size
Shows the application lots, shares, and investment amount required for each IPO category.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 62 | ₹14,818 |
| sHNI(min) | 14 | 868 | ₹2,07,452 |
| bHNI(min) | 68 | 4,216 | ₹10,07,624 |
IPO Reservation
IPO Reservation
Shows the number of shares reserved for each investor category, the percentage of the total issue allocated to each category, and the maximum number of allottees where applicable.
| Investor Category | Shares Offered | Percentage | Max Allottees |
|---|---|---|---|
| Anchor Investor Shares Offered | 20,92,190 | 40% | — |
| QIB Shares Offered | 18,30,310 | 35% | — |
| NII (HNI) Shares Offered | 7,84,500 | 15% | — |
| bHNI > ₹10L | 5,23,404 | 10.01% | 603 |
| sHNI < ₹10L | 2,61,628 | 5% | 301 |
| Retail Shares Offered | 5,23,000 | 10% | 8,435 |
Subscription Details (No. of Shares)
Subscription Details (No. of Shares)
Shows the subscription received from each investor category during the IPO.
| Category | Offer (Shares) | Applied (Shares) | Subscription (times) |
|---|---|---|---|
| QIBs | — | 868 | 0x |
| NIIs | — | 3,05,970 | 0.39x |
| BNIIs (>10L) | — | 69,998 | 0.13x |
| SNIIs (<10L) | — | 2,35,972 | 0.9x |
| Individual | — | 34,05,474 | 6.51x |
| Total | — | 37,12,312 | 1.18x |
Total Applications48,529 approx.
Subscription Details (In Crores)
Subscription Details (In Crores)
Shows the subscription amount received from each investor category during the IPO, expressed in ₹ Crores.
| Category | Offer | Applied | Subscription (times) |
|---|---|---|---|
| QIBs | — | ₹ 0.02 Cr | 0x |
| NIIs | — | ₹ 7.31 Cr | 0.39x |
| BNIIs (>10L) | — | ₹ 1.67 Cr | 0.13x |
| SNIIs (<10L) | — | ₹ 5.64 Cr | 0.9x |
| Individual | — | ₹ 81.39 Cr | 6.51x |
| Total | — | ₹ 88.72 Cr | 1.18x |
Key Performance Indicators (KPI)
Key Performance Indicators (KPI)
Shows key financial ratios used to evaluate the company's performance and financial health.
| Metric | Value |
|---|---|
| ROE | 21.64% |
| ROCE | 29.74% |
| Debt to Equity | 0.12 |
| RoNW | 21.64% |
| PAT Margin | 6.07% |
Company Financials
Company Financials
Shows the company's financial statements across different reporting periods.
| Particulars (₹ Cr) | Mar 31, 2026 | Mar 31, 2025 | Mar 31, 2024 |
|---|---|---|---|
| Assets | 50.89 | 26.12 | 12.89 |
| Revenue | 82.06 | 36.54 | 30.76 |
| Profit After Tax | 4.96 | 5.88 | 0.85 |
| Net Worth | 30.81 | 15.02 | 5.78 |
| Reserves & Surplus | 15.22 | 14.70 | 5.47 |
| Total Borrowing | 3.61 | 4.36 | — |
About Rays of Belief
Company Contact Details
Company Contact Details
Provides the company's official contact information, including its address, email, phone number, and website.
Address
J-1919, Basement, Chittaranjan Park, New Delhi, Delhi - 110019.
Phone
+91 124 407549
Email
cs@momsbelief.comWebsite
https://momsbelief.comIPO Registrar
IPO Registrar
Provides the contact details of the registrar handling IPO allotment and investor queries.

Rays of Belief
OpenMainboardGMP Price
₹14(+6%)
Subscription
1.18x
Min Investment
₹14,818
1 Lot = 62 Shares
Price Band
₹227 - ₹239
Share on
IPO Timeline
Timeline
Displays the complete IPO schedule, including the issue opening and closing dates, basis of allotment, refund initiation, share credit to Demat accounts, and the expected listing date on the stock exchanges.
Bidding StartsIn progress
Sep 1, 2026Bidding EndsUpcoming
Sep 3, 2026Allotment Upcoming
Sep 4, 2026ListingUpcoming
Sep 8, 2026IPO Documents
IPO Documents
Provides access to the official offer documents filed by the company with SEBI, including the RHP and DRHP.