Rays of Belief IPO
The Rays of Belief IPO was a ₹125 crore mainboard issue (fresh issue only), open for bidding from 1 Sep to 3 September 2026 at a price band of ₹227 to ₹239. The final issue price was ₹239. It was subscribed 107.71 times overall, and 195.87 times in the retail category. NSE lists the company as a for-profit social enterprise (FPSE).
- Listing gain at open
- Not available
- Issue price
- ₹239Band ₹227 to ₹239
- Lot size
- 62 sharesMinimum ₹14,818
- Issue size
- ₹125 crore
- Subscribed
- 107.71xOverall
- Listed
- Not available
Price and lots
Rays of Belief IPO details
NSE issue details| Bidding dates | 1 Sep 2026 to 3 Sep 2026 |
| Price band | ₹227 to ₹239 |
| Final issue price | ₹239 |
| Face value | ₹10 per share |
| Lot size | 62 shares |
| Minimum investment | ₹14,818 (62 shares, our calculation) |
| Retail maximum | 13 lots (₹1,92,634), under ₹2 lakh (our calculation) |
| Issue size | ₹125 crore (our calculation from the NSE issue details) |
| Type of issue | Book Building, Fresh issue only |
| Listed on | NSE |
| NSE symbol | MOMSBELIEF |
| Lead managers | Mefcom Capital Markets Limited |
| Registrar | KFin Technologies Limited |
Subscription and listing
Rays of Belief IPO subscription and listing
NSE and BSEFinal subscription
NSE issue details- QIBs9.06x
- Non-institutional (NII)279.11x
- NII above ₹10 lakh303.82x
- NII ₹2 lakh to ₹10 lakh229.70x
- Retail195.87x
- Total107.71x
Times subscribed at the close of bidding, as published by NSE. It is a fact about demand, not a sign of quality.
Listing day
Our calculation: gains vs issue priceListing-day prices are not in the exchange files we read.
How it compares
How the Rays of Belief IPO compares
Our calculation: 2026 mainboard IPOs on IPO24by7Among 109 mainboard IPOs of 2026 on our tracker, the Rays of Belief IPO's subscription of 107.71 times ranks 20th of 109. By issue size it ranks 103rd. The median listing-day gain at open for mainboard IPOs this year is +7.6%. See all 2026 IPOs with listing gains.
Allotment
Rays of Belief IPO allotment status
- Open the registrar's pageKFin Technologies Limited is the registrar. Open its allotment page.
- Select Rays of Belief LimitedOlder issues may move to an archive list on the registrar's site.
- Enter your PAN, application number or DP IDUse the details you applied with.
- Or check your demat accountAllotted shares were credited before the listing day.
Documents
Questions
Rays of Belief IPO FAQs
What was the Rays of Belief IPO price band?
The price band was ₹227 to ₹239 per share and the final issue price was ₹239. The face value is ₹10 per share.
What was the Rays of Belief IPO lot size?
One lot was 62 shares. The minimum investment at the issue price was ₹14,818. Retail investors could apply for up to 13 lots.
How many times was the Rays of Belief IPO subscribed?
It was subscribed 107.71 times overall, as published by NSE. QIBs bid 9.06 times their quota, NIIs 279.11 times and retail investors 195.87 times.
How do I check Rays of Belief IPO allotment status?
KFin Technologies Limited is the registrar. Select Rays of Belief Limited on its allotment page and enter your PAN, application number or DP ID. You can also check on the NSE or BSE application status page.
Was the Rays of Belief IPO a fresh issue or an offer for sale?
Fresh issue only, as stated in the NSE issue details.
Who were the lead managers of the Rays of Belief IPO?
Mefcom Capital Markets Limited.
Sources: NSE public issue information and IPO detail pages; NSE and BSE end-of-day bhavcopy files. Gains, issue size and minimum investment are our calculations. This page is information only, not a recommendation.