Rays of Belief IPO
Rays of Belief IPO is expected to be priced soon with an issue size of 52,30,000 shares(agg. up to ₹[.] Cr). The IPO opens on Sep 1, 2026 and closes on Sep 3, 2026, with a lot size is yet to be announced and a minimum investment is yet to be announced.
Rays of Belief Limited IPO
- IPO Dates
- Sep 1, 2026 – Sep 3, 2026
- Minimum Investment
- —
- Issue size
- 52,30,000 shares(agg. up to ₹[.] Cr)
- Allotment Date
- Sep 4, 2026
- Listing
- Sep 8, 2026
- Listing At
- BSE, NSE
IPO timeline
-
Sep 1, 2026
Open Date
Upcoming
-
Sep 3, 2026
Close Date
Upcoming
-
Sep 4, 2026
Allotment Date
Upcoming
-
Sep 8, 2026
Listing Date
Upcoming
Rays of Belief IPO Essentials
Rays of Belief IPO Details
Rays of Belief IPO has a total issue size of 52,30,000 shares(agg. up to ₹[.] Cr) and will be listed on BSE and NSE. Price band & Lot size details are yet to be announced.
- Issue price
- To be announced
- Lot size
- To be announced
- Face value
- ₹10 Per Equity Share
- Issue size
- 52,30,000 shares(agg. up to ₹[.] Cr)
- Retail Portion
- 10%
- Listing at
- BSE, NSE
- Listing date
- Registrar
- Kfin Technologies Limited
- Lead manager
-
Mefcom Capital Markets Limited
Rays of Belief IPO Documents
Rays of Belief IPO Analytics
Rays of Belief Valuations
Returns
- RoNW
- N/A%
Rays of Belief Financials( In Crs.)
| 31-Mar-25 | 31-Mar-24 | 31-Mar-23 | |
|---|---|---|---|
| Assets | 26.12 | 12.89 | 7.78 |
| Revenue | 36.54 | 30.76 | 22.27 |
| Profit After Tax | 5.88 | 0.85 | -8.46 |
| Net Worth | 15.02 | 5.78 | 4.36 |
| Reserves & Surplus | 14.70 | 5.47 | 4.06 |
| Total Borrowing | 4.36 | N/A | N/A |
Rays of Belief Company & Offer Insights
About Rays of Belief
Ray of Belief is a profit-based social enterprise which provides personalized intervention programs for children suffering from Neurodevelopmental Disorders (NDDs), such as Autism Spectrum Disorder (ASD), Attention Deficit Hyperactivity Disorder (ADHD), Down’s Syndrome, Cerebral Palsy, Intellectual Disability, Learning Disabilities, and Global Developmental Delay. The objective of Ray of Belief is to ensure that there is better knowledge, accessibility, quality of care, and affordability of care along with empowering parents to facilitate their child’s progress.
The company began its first centre in Gurgaon in 2018, and as of September 30, 2025, it operates 136 centres in 57 different cities in India operating under the name of Mom’s Belief. The centers are mostly located in Tier 2 cities and help increase awareness among the population living there.
As per records, the company has catered to over 56,500 children since 2018. This is particularly aimed at children between the age group of 18 months and 12 years, whereas specific interventions up to the age of 15 are aimed at vocational and life skill training.
These include sensory equipment, puzzles, and worksheets. In June 23, 2025, the company purchased Mom's Belief US Inc., its wholly-owned subsidiary, which has 3 centers operating in Salem, Lynchburg, and Roanoke cities in Virginia.
Rays of Belief Promoter(s)
Nitin Bindlish, Carving Futures Pte. Limited are the company's promoters of Rays of Belief.
Rays of Belief IPO Issue Objectives
- •
- 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 our existing centres in India
- •
- Investment in our Subsidiary, Mom’s Belief US Inc., for making lease / license payments for our existing centres in the USA
- •
- Expenditure for brand awareness and inclusive outreach programs
- •
- Funding inorganic growth through unidentified acquisition and General corporate purposes
Contact Information
Contact Details
Rays of Belief
+91 124 407549
J-1919, Basement, Chittaranjan Park, New Delhi, Delhi - 110019.
Registrar Contact Details
Kfin Technologies Limited
04067162222, 04079611000
Frequently Asked Questions
Click any question to reveal the answer
Rays of Belief IPO is a Fixed Priced IPO worth ₹52,30,000 shares(agg. up to ₹[.] Cr). The IPO opens on Sep 1, 2026 and closes on Sep 3, 2026. It will be listed on BSE and NSE. Kfin Technologies Limited is the registrar.
The price details for Rays of Belief IPO are not available yet.
The lot size of Rays of Belief IPO is not announced yet.
The minimum investment for Rays of Belief IPO is not announced yet .
Rays of Belief IPO opens on Sep 1, 2026 and closes on Sep 3, 2026.
The allotment date of Rays of Belief IPO is Sep 4, 2026.
Rays of Belief IPO is expected to be listed on Sep 8, 2026, on BSE and NSE .
No recorded Grey Market Premium (GMP) quote is currently available for Rays of Belief IPO. GMP is unofficial and does not forecast or guarantee the actual listing price.
Rays of Belief IPO valuation snapshot: P/E N/A, EPS ₹N/A/-, P/B N/A, RoNW N/A%, and market cap N/A.
To apply for Rays of Belief IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Rays of Belief IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Rays of Belief IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Rays of Belief IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Rays of Belief IPO allotment status on IPO Ji for quick and easy access.