Rays of Belief IPO Listing Details
| Listing Date | 8th September, 2026 |
| BSE Code | 544906 |
| NSE Code | MOMSBELIEF |
| ISIN Code | INE1FCO01014 |
| Offer Price | ₹227 to ₹239 |
| Face Value | ₹10 |
| Listing Price | ₹239 |
Rays of Belief IPO Details
Rays of Belief received SEBI approval for an IPO of ₹125 crores via a fresh issue with a face value of ₹10 each. Rays of Belief IPO price band is ₹227 to ₹239 per share.
How many shares did investors receive in this IPO?
- The retail minimum category got 62 shares in 1 lot size, and the retail maximum got 806 shares in 13 lot sizes.
- S-HNI Minimum category consisted of 868 shares in 14 lot sizes.
- S-HNI Maximum category had 4154 shares in 67 lot sizes.
- B-HNI Minimum category received 4216 shares in 68 lot sizes.
To invest in the Rays of Belief IPO, each investor category has specific investment amounts:
- Retail Investors: Minimum investment of ₹14,818.
- Retail Investors: Maximum investment of ₹1,92,634.
- S-HNI Minimum: investment of ₹2,07,452.
- S-HNI Maximum: investment of ₹9,92,806.
- B-HNI Minimum: Investment of ₹10,07,624.
Rays of Belief IPO Subscription Duration
Rays of Belief IPO subscription started on September 1, 2026, and closed on September 3, 2026. The Rays of Belief IPO allotment date was September 4, 2026, and the refund will be received on September 7, 2026 The Rays of Belief IPO listing is on September 8, 2026.
Object to the Issue
- Company Learning Centres and Company Learning Centres in partnership with Licensed Professionals
- School Collaboration Centres
- Centre for Excellence and Research
- Upskilling Academy
- Technology (hardware) costs
- Expenditure for lease payments for existing centres in India
- Investment in Subsidiary, Moms Belief US Inc., for making lease / license payments for existing centres in the USA
- Expenditure for brand awareness and inclusive outreach programs
- Funding inorganic growth through unidentified acquisition and General corporate purposes.
About the Rays of Belief IPO Company
Rays of Belief, started in 2017, is a for-profit social enterprise that offers customized intervention programs for children with Neurodevelopmental Disorders (NDDs). The conditions they help with are Autism Spectrum Disorder (ASD), ADHD, Down Syndrome, Cerebral Palsy, Intellectual Disability, Learning Disabilities, and Global Developmental Delays.
The company serves children between the ages of 18 months and 12 years, while also offering specialised programs for children up to 15 years, which teach vocational and life skills to help them become more independent. Its services include early intervention, Parental guidance, Occupational therapy, Language therapy, and family support programs.
