Rays of Belief (Mom's Belief) IPO is a mainboard IPO aggregating up to 125 crore rupees. The issue consists entirely of a fresh issue of 52,30,000 shares (aggregating up to 125 crore rupees).
The IPO opened for subscription on 1 September 2026 and closes on 3 September 2026. The basis of allotment was finalised on 4 September 2026. The shares were listed on NSE and BSE on 8 September 2026.
The price band for the IPO is set at ₹227 to ₹239 per share. The minimum amount required for a retail investor is ₹14,818 (62 shares, 1 lot). The minimum amount required for an sHNI investor is ₹2,07,452 (868 shares, 14 lots).
Mefcom Capital Markets Ltd is the lead manager and KFin Technologies is the registrar of the IPO.
Refer to Rays of Belief (Mom's Belief) RHP for more detailed information.
Rays of Belief (Mom's Belief) IPO Details Listed
IPO Issue Details
IPO Reservation
Rays of Belief (Mom's Belief) IPO offers total 52,30,000 shares (100.00%) . Out of which 39,22,500 shares (75.00%) allocated to QIB, 18,30,310 shares (35.00%) allocated to QIB (Ex- Anchor), 7,84,500 shares (15.00%) allocated to NII, 5,23,000 shares (10.00%) allocated to RII and 20,92,190 shares (40.00%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
|
QIB Shares Offered
Qualified Institutional Buyers (e.g., mutual funds, banks). |
39,22,500 shares (75.00%) |
|
-
QIB (Anchor Investor)
A portion of QIB shares reserved specifically for anchor investors. |
20,92,190 shares (40.00%) |
|
-
QIB (Ex. Anchor)
Remaining QIB shares after anchor investor allocation. |
18,30,310 shares (35.00%) |
|
NII (HNI) Shares Offered
Non-Institutional Investors, also known as High Net-worth Individuals. |
7,84,500 shares (15.00%) |
|
Retail Shares Offered
Retail Individual Investors applying for up to ₹2 Lakh. |
5,23,000 shares (10.00%) |
| Total Shares Offered | 52,30,000 shares (100.00%) |
IPO Anchor Investors
Rays of Belief (Mom's Belief) IPO raises ₹50.00 crore from anchor investors. Rays of Belief (Mom's Belief) IPO anchor bid date was 31 August 2026.
Company not found.
Financial Performance Indicator (FPI)
| FPI | 31 March 2025 | 31 March 2026 |
|---|---|---|
ROE Return on Equity (ROE) is a measure of financial performance... | 56.56% | 21.64% |
ROCE Return on Capital Employed indicates how efficiently a company uses its capital. | 7.49% | 29.74% |
Debt/Equity A ratio comparing total liabilities to shareholder equity. | 0.29 | 0.12 |
RoNW RoNW (Return on Net Worth) is the percentage of profit earned relative to the company's net worth and reflects overall profitability for shareholders. | 56.56% | 21.64% |
PAT Margin Profit After Tax as a percentage of revenue. Shows how much net profit is retained from every rupee of sales. | 16.15% | 6.07% |
EBITDA Margin EBITDA Margin indicates earnings before interest, tax, depreciation, and amortisation as a percentage of revenue; reflects core operating efficiency. | 8.28% | 14.59% |
Price to Book Value Compares the stock's market price to its book value per share. A higher ratio may indicate market premium. | 0.88 |
| Pre IPO | Post IPO | |
|---|---|---|
EPS Rs Earnings Per Share is a company's profit divided by outstanding shares. | 3.16 | 2.37 |
P/E (x) Price to Earnings ratio is the ratio of a stock's market price to its earnings per share. Indicates how much investors pay per rupee of earnings. | 75.63 | 100.84 |
Promoter Holding The percentage of total shares held by the company's founders or promoter group. | 92.93% |
Rays of Belief (Mom's Belief) IPO Peer Comparison
IPO Subscription Status
Rays of Belief (Mom's Belief) IPO Frequently Asked Questions (FAQ)
Rays of Belief (Mom's Belief) IPO is a mainboard IPO. The company will raise upto 125 crore rupees for 52,30,000 shares. Face value is ₹10 per share, Price band is ₹227 to ₹239 per share, and cutt off price is ₹239 per share. The IPO opens on 1 September 2026 and closes on 3 September 2026. is the registrar and shares of Rays of Belief (Mom's Belief) IPO will be listed at NSE, BSE.
The issue size of IPO is . For fresh issue: 52,30,000 shares (aggregating up to 125 crore rupees) and for offer for sale: .
Price band for IPO is . Applying IPO application at cutt off price ₹239 per share (the upper end of price band) is considered safer than the applying IPO application at lower end of price band.
The lot size of Rays of Belief (Mom's Belief) IPO is of . Minimum order quantity for retail investor is 62 shares (1 lots) and required amount is ₹14,818. Minimum order quantity for sHNI is 868 shares (14 lots) and required amount is ₹2,07,452. Minimum order quantity for bHNI investor is 4,216 shares (68 lots) and required amount is ₹10,07,624.
The investors portion reserved for QIB is 39,22,500 shares (75.00%), reserved for HNI is 7,84,500 shares (15.00%) and reserved for retail investors.
The IPO will be available for subscription from 1 September 2026 to 3 September 2026. IPO open date is 1 September 2026 and close date is 3 September 2026.
Allotment date for IPO is 4 September 2026. On the allotment date, After the IPO allotment status is announced, investors can check their IPO application allotment status on their respective IPO registrar.
The registrar for IPO is Kfin Technologies Ltd.
The IPO will be listed on 8 September 2026 at NSE, BSE.