Rays of Belief IPO

The Rays of Belief IPO is a book-built issue of Rs 125 crore, entirely a fresh issue of 0.52 crore shares, opening for subscription from Sep 1 to Sep 3, 2026, with allotment expected on Sep 4, 2026 and a tentative listing on NSE and BSE on Sep 8, 2026. The IPO’s price band is Rs 227 to Rs 239 per share, with a lot size of 62 shares, requiring a minimum retail investment of Rs 14,818. Mefcom Capital Markets Ltd. is the lead manager, and Kfin Technologies Ltd. is the registrar for the issue.

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Rays of Belief IPO Details

Check out the issue details for Rays of Belief IPO as disclosed in SEBI.

Price Band

₹ 227 - 239

Issue Size

125.00 Cr.

Issue Type

Book Built

Open

2026-09-01

Close

2026-09-03

Rays of Belief News

 IPO news not found.

Company Financials

You can get the following financial statements of Rays of Belief as of now.

Company Name

Rays of Belief

  Profit Loss
  Balance Sheet
  Quarterly
  Shareholding
  Cash Flow

Rays of Belief IPO Details

The details about the Rays of Belief IPO are as follows:

  • The issue size of the IPO is Rs 125.00 Cr.
  • The price band for Rays of Belief IPO is Rs 227 to Rs 239.
  • The shares of Rays of Belief IPO will list on BSE and NSE.
  • The latest tentative GMP of Rays of Belief IPO is Rs .
  • The shares of Rays of Belief IPO are subscribed _ Times.

 

Rays of Belief IPO Valuation

The approximate valuation of Rays of Belief IPO based on its price band and RHP is:

Particulars Value
Upper Price Band Rs 239
Existing Shares (Qty) 1.56 Cr
Fresh Issue Rs 125.00 Cr
Market Cap Rs 497.84 Cr
EPS (FY25) Rs 3.21
PE Ratio 74.45x

 

Rays of Belief IPO Issue Size

Rays of Belief IPO issue size is Rs 125.00 Cr.

Issue Amount
Fresh Issue Rs 125.00 Cr
Offer For Sale Rs 0 Cr

 

Rays of Belief IPO Market Lot

An individual can apply for a minimum of 1 lot of 62 shares and a maximum of 13 lots (806 shares). Find the details below:

Application Lot Shares Amount
Retail Minimum 1 62 Rs 14,818
Retail Maximum 13 806 Rs 1,92,634

 

Rays of Belief IPO Share Offer

The shares of Rays of Belief IPO are subscribed _ Times. The category-wise shares offered are as follows:

Category % Offered
Qualified Institutional Not less than 75%
Non-Institutional Not more than 15%
Retail Individual Not more than 10%

 

Rays of Belief IPO GMP (Grey Market Premium)

As on GMP (Tentative)
1 September 2026 Rs

Rays of Belief IPO GMP is purely for informational purposes. Invest in an IPO after thoroughly researching on your own.

Rays of Belief IPO Dates

Find below the dates for Rays of Belief IPO

Schedule Date
Basis of Allotment 04 Sep 2026
Refunds 07 Sep 2026
Credit to Demat Account 07 Sep 2026
IPO Listing Date 08 Sep 2026

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2023 Mar 2024 Mar 2025
Net Sales 22.13 30.61 36.42
Total Expenditure 29.28 29.04 33.34
Operating Profit -7.15 1.57 3.08
Other Income 0.14 0.15 0.12
Interest 0.2 0.21 0.66
Depreciation 1.24 1.41 2.19
Exceptional Items 0 0 0
Profit Before Tax -8.46 0.1 0.35
Provision for Tax 0 -0.75 -5.53
Net Profit -8.46 0.85 5.88
Adjusted EPS (Rs.) -0.61 0.06 0.4

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2023 Mar 2024 Mar 2025
Equity and Liabilities
Share Capital 0.3 0.31 0.32
Total Reserves 4.06 5.47 14.7
Borrowings 0 0 3.6
Other N/C liabilities 0.7 2.68 -4.35
Current liabilities 2.72 3.67 5.55
Total Liabilities 7.78 12.13 19.82
Assets
Net Block 2.13 3.55 4.19
Capital WIP 0.05 0.39 0.31
Intangible WIP 0 0 0
Investments 0 0 0
Loans & Advances 0.04 0.69 0.72
Other N/C Assets 0.01 0.34 0.57
Current Assets 5.54 7.15 14.02
Total Assets 7.78 12.13 19.82
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2023 Mar 2024 Mar 2025
Profit from operations -8.46 0.1 0.35
Adjustment 1.34 1.54 2.68
Changes in Assets & Liabilities 0.26 0.56 -4.81
Tax Paid 0 -0.1 -0.03
Operating Cash Flow -6.86 2.1 -1.81
Investing Cash Flow 1.52 -2.75 -2.04
Financing Cash Flow 7.56 1.04 4.9
Net Cash Flow 2.22 0.39 1.05
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