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The Rays of Belief IPO is set to open for subscription on Tuesday, 1 September. The Rays of Belief IPO GMP today, or grey market premium, stands at ₹29, indicating positive sentiment in the unofficial market. Founded in 2017, Rays of Belief Ltd. is a for-profit social enterprise that provides customised intervention programmes for children with Neurodevelopmental Disorders (NDDs). Its services cater to children with conditions including Autism Spectrum Disorder (ASD), ADHD, Down Syndrome, Cerebral Palsy, Intellectual Disability, Learning Disabilities and Global Developmental Delays. The company recorded strong revenue growth in FY26, with consolidated revenue from operations more than doubling to ₹81.66 crore from ₹36.42 crore in FY25. However, profitability declined, with profit for the year falling to ₹4.96 crore in FY26 from ₹5.88 crore in the previous fiscal. Rays of Belief IPO GMP today: Rays of Belief IPO GMP today or grey market premium is +29. Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Rays of Belief share price was indicated at ₹268 apiece, which is 12.13% higher than the IPO price of ₹239. Rays of Belief IPO date: The IPO opens for subscription on Tuesday, 1 September, and closes on Thursday, 3 September. Rays of Belief IPO price band: The IPO price band has been fixed in the range of ₹227 to ₹239 per equity share of face value of ₹10. Rays of Belief IPO lot size: The IPO lot size is 62 equity shares and in multiples of 62 equity shares thereafter. Anchor investors: The allocation to anchor investors for Rays of Belief IPO is scheduled to take place on Monday, 31 August. Rays of Belief IPO details: The public issue comprises an entirely fresh issue of up to 52.30 lakh equity shares, with no offer-for-sale (OFS) component. Rays of Belief IPO objective: The funds generated from the IPO will be utilised to facilitate the company’s upcoming expansion phase, which includes setting up 319 new centres from FY27 to FY29. Of the total ₹41.36 crore, approximately ₹34.99 crore is earmarked for centre fit-outs, ₹1.93 crore for therapy-material inventory, and ₹4.44 crore for technology hardware. Rays of Belief IPO listing date and allotment details: The Rays of Belief IPO allotment is tentatively expected to be finalised on Friday, 4 September. The company is likely to initiate refunds on Monday, 7 September, with shares credited to the demat accounts of successful allottees on the same day. The Rays of Belief share price is expected to list on the BSE and NSE on Tuesday, 8 September. Lead Manager and Registrar of Rays of Belief IPO: Mefcom Capital Markets is the book-running lead manager, while Kfin Technologies is the registrar to the issue. Rays of Belief IPO reservation: Rays of Belief IPO has reserved not more than 75% of the shares in the public issue for qualified institutional buyers (QIB), not less than 15% for non-institutional Institutional Investors (NII), and not less than 10% of the offer is reserved for retail investors. Disclaimer: The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions. Dhanya Nagasundaram works as a Content Producer at LiveMint, specializing in news related to financial markets, stocks, and business. With over eight years of experience in journalism and content creation, she has honed her skills in data-driven reporting and market analysis. Her focus is on monitoring stock trends, initial public offerings (IPOs), corporate news, policy shifts, and larger economic trends that affect investors and market players. <br><br> At LiveMint, Dhanya consistently writes and produces articles that make complex financial topics accessible to readers. She keeps a close eye on equity markets, commodities, and macroeconomic indicators, assisting audiences in comprehending how global and domestic events influence investment perspectives. Her stories frequently underscore emerging trends within sectors, the IPO market, company earnings results, and market strategies pertinent to both retail and institutional investors. <br><br> Before her tenure at LiveMint, Dhanya accumulated a wealth of professional experience at various companies, including MintGenie, Informist, Cogenics, Chary Publications, KPMG, and the Royal Bank of Scotland. These positions allowed her to establish a solid foundation in financial research, reporting, and content creation. <br><br> Throughout her career, she has explored numerous subjects such as trading strategies, commodities, IPOs, wealth generation, corporate profits, and macroeconomic indicators. Her background in both financial journalism and corporate settings has given her the ability to tackle stories with analytical rigor while ensuring clarity for her audience. Through her contributions, Dhanya strives to deliver insightful, trustworthy, and investor-centric financial content. Catch all the Business News , Market News , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates. Oops! Looks like you have exceeded the limit to bookmark the image. Remove some to bookmark this image.
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