Rays of Belief Limited
ListedMainboardHealthcare & Wellness · NSE / BSE
Rays of Belief is a social enterprise focused on providing personalized care and therapy for children with neurodevelopmental disorders such as autism, ADHD, and learning disabilities, aiming to improve access, affordability, and quality of support while also empowering parents. Starting with its first centre in Gurgaon in 2018, the company has expanded rapidly to over 130 centres across 57 cities in India, mainly in Tier 2 locations, under the brand Mom’s Belief. It offers services like early intervention, occupational and language therapy, along with family support programs for children typically aged 18 months to 12 years, and extended programs up to 15 years. Having supported over 56,000 children so far, the company also expanded internationally by acquiring Mom’s Belief US, adding centres in Virginia, further strengthening its reach and impact.
Price Band
₹227 – ₹239
Issue Size
₹523.00 L Cr
Lot Size
62 shares
GMP
₹15
+6.3%
Est. Listing
₹254
at current GMP
Subscribed
107.71x
overall
Open
1 Sep 2026
Close
3 Sep 2026
Allotment
4 Sep 2026
Refund
5 Sep 2026
Demat Credit
6 Sep 2026
Listing
8 Sep 2026
Last updated 20 days ago
Live Grey Market Premium
Rays of Belief Limited GMP Today
Last updated: 8 Sept 2026
Current Premium
₹15+6.3%
Issue Price (Upper)
₹239
Band: ₹227 – ₹239
Estimated Listing Price
₹254
Upper price + GMP
Lot Size
62 shares
Min investment ₹14,818
Estimated Profit / Lot
₹930
62 × ₹15
Rays of Belief Limited GMP Historical Trend
GMP History
Grey Market Premium trend
+₹15
▲ 0 today
Updated 1 minute ago
Estimated Listing Price
| Date | GMP (₹) | GMP % | Est. Listing |
|---|---|---|---|
| 28 Sep 2026 | +₹15 | 6.3% | ₹254 |
| 26 Sep 2026 | +₹15 | 6.3% | ₹254 |
| 25 Sep 2026 | +₹14 | 5.7% | ₹253 |
GMP is unofficial market data. Not a guarantee of listing performance.
About Rays of Belief Limited Public Issue & Market Profile
Rays of Belief Limited is bringing an initial public offering (IPO) in the Healthcare & Wellness sector with an aggregate issue size of ₹52,30,000 Crores. The shares are offered at a price band of ₹227 to ₹239 per equity share on NSE and BSE. Currently, investors are tracking the grey market premium (GMP) and institutional subscription multiples closely across BSE and NSE portals.
Public Issue & Pricing Context:
The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.
Basis of Allotment & Listing Timeline:
Following the close of bidding on 2026-09-03, the basis of allotment is scheduled to be finalized on 2026-09-04. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Kfin Technologies Limited) or the BSE allotment checking window.
Frequently Asked Questions
What is Rays of Belief Limited IPO GMP today?
The latest grey market premium for Rays of Belief Limited IPO is ₹15, which indicates an expected listing price of ₹254.
What does Kostak Rate and Sauda mean in IPO GMP?
Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.
Is Grey Market Premium officially recognized?
No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.