Apply for Rays of Belief Limited IPO
Rays of Belief
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Offer Date |
Sep 01 - Sep 03, 2026 |
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Offer Price |
₹ 227-239 |
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Lot Size |
62 |
The Rays of Belief IPO subscription is closed for application
IPO Application Period
Rays of Belief IPO Details
Rays of Belief IPO is a book-built issue of ₹125 crores, The total issue size is ₹125 crores. The IPO of Rays of Belief is priced at ₹227-239 per equity share, which has a face value of ₹10 Per Equity Share each, IPO bidding starts from Sep 01 and ends on Sep 03. The allotment for Rays of Belief IPO will be finalized on Sep 04. Rays of Belief IPO will be listed on BSE, NSE, with a tentative listing date fixed as Sep 08. The company shall list its equity shares on the BSE, NSE. Kfin Technologies Limited is the registrar of the issue.
Retail investors can bid for a minimum of 62 shares, extendable to 14,818. S-HNIs will be able to bid for 868 shares at ₹2,07,452, while B-HNIs can also apply for a bid of 4216 shares at ₹10,07,624. The book-running lead manager for the IPO is/are Mefcom Capital Markets Limited.
The total issue ₹125 crore, comprising a fresh issue of 52,30,000 shares ₹125 crore and
The Rays of Belief IPO sets its price band at 227-239 for each share. A single application for Rays of Belief Limited IPO must contain at least 62 shares. Sentiment investors need to invest a minimum of 62 through their retail account. For investors to prevent oversubscription issues, they should submit bids at the cutoff price, which estimates about ₹14,818 In order to participate in the sNII, investors must purchase at least 14 lots of 868 shares for ₹2,07,452, while the bNII requires 68 lots of 4216 shares for an investment of ₹10,07,624.
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