The Rays of Belief IPO is a book-built issue worth ₹125 crore. The IPO is entirely a fresh issue of 0.52 crore shares, with the price band fixed at ₹227 to ₹239 per share.
The Rays of Belief IPO will open for subscription on September 1, 2026, and close on September 3, 2026. The allotment is expected to be finalized on September 4, 2026, while the shares are tentatively scheduled to list on NSE and BSE on September 8, 2026.
The IPO lot size is 62 shares. At the upper price band of ₹239, retail investors will need a minimum investment of ₹14,818 for one lot.
Rays of Belief IPO GMP
Investors are also closely tracking the Rays of belief ipo gmp to gauge market sentiment ahead of the listing. GMP can change frequently depending on demand and overall market conditions, so investors should check the latest premium before making an investment decision.
Overall, the Rays of Belief IPO offers investors an upcoming issue to watch, with subscription beginning on September 1, 2026. Investors should review the company's fundamentals, valuation, financial performance and latest Rays of belief ipo gmp before subscribing.