Rays of Belief Limited- For Profit Social Enterprise (FPSE)
Mainboard IPO
Risk analysis not yet reviewed. ClearIPO publishes risk factors only after a manual review of the offer document.
Last updated 03 Sept 2026
Key details
- Price band
- ₹227 to ₹239
- Face value
- Rs 10
- Lot size
- 62 shares
- Minimum investment
- Rs 14,818
- Issue size
- Rs 125 Cr
- Fresh issue
- Rs 125 Cr
- Retail quota
- 35%
- Exchanges
- BSE, NSE
- Opening date
- 01 Sept 2026
- Closing date
- 03 Sept 2026
- Allotment date
- 04 Sept 2026
- Listing date
- 08 Sept 2026
3 further details have not been reported for this issue yet, so they are left out rather than estimated.
Explain this IPO simply
The same information as the prospectus, written the way you would explain it to a friend.
What the company does
Rays of Belief is a for-profit social enterprise delivering personalized intervention plans for children with neurodevelopmental disorders such as ASD, ADHD, and Down Syndrome. Operating an asset-light model, it runs Company Learning Centres, professional partnerships, and school collaborations across India and the US. Revenue comes from in-person centre operations, online therapy services, and export earnings via global R&D coordination and programmatic innovation, all delivered through accessible, family-centric care. Disclosure: Zerodha (via Rainmatter) holds a 1.09% pre-IPO stake in the company. <span data-mce-type="bookmark" style="display: inline-block; width: 0px; overflow: hidden; line-height: 0;" class="mce_SELRES_start"></span><span data-mce-type="bookmark" style="display: inline-block; width: 0px; overflow: hidden; line-height: 0;" class="mce_SELRES_start"></span>
No hand-checked analysis for this issue yet
Subscription status
Not reported
Final subscription figures were not reported by the source.
Important documents
IPO timeline
IPO opens
01 Sept 2026
First day you can apply.
IPO closes
03 Sept 2026
Last day to apply, usually by evening.
Allotment
04 Sept 2026
Who gets shares is decided.
Refund / unblock
05 Sept 2026
Blocked money is released if you did not get shares.
Shares in demat
05 Sept 2026
Allotted shares reach your demat account.
Listing day
08 Sept 2026
Shares start trading on the exchange.
Frequently asked questions
Where this information comes from
- Last updated
- 2026-09-03T10:15:04.979Z
- Last verified
- 2026-09-03T10:15:04.979Z
- Primary source
- nse
- Secondary source
- Exchange filings