Rays of Belief is the parent company of Mom's Belief, a for-profit social enterprise running personalised intervention programmes for children with autism, ADHD, Down syndrome and other neurodevelopmental disorders. It has grown from 71 centres in FY2023 to 136 centres across 57 Indian cities, plus three centres in Virginia, USA.
Listed| Issue Size | ₹125 crore |
| Price Band | ₹227 – ₹239 |
| Lot Size | 62 shares |
| Open Date | 2026-09-01 |
| Close Date | 2026-09-03 |
| Allotment Date | 2026-09-04 |
| Listing Date | 2026-09-08 |
| Date | GMP | Implied Premium |
|---|---|---|
| 2026-09-07 | ₹20 | +8.37% |
| 2026-09-03 | ₹47 | +19.67% |
| 2026-09-02 | ₹38 | +15.9% |
| 2026-09-01 | ₹48 | +20.08% |
| 2026-08-31 | ₹30 | +12.55% |
| 2026-08-27 | ₹18 | +7.53% |
| 2026-08-26 | ₹0 | +0% |
| 2026-08-25 | ₹0 | +0% |
Applied for Rays of Belief? Check whether shares were allotted to you directly on the official registrar site.
Rays of Belief opens for subscription on September 1, 2026 and closes September 3, 2026. Allotment is expected September 4, with listing on September 8.
The price band is ₹227 to ₹239 per share, with a minimum lot of 62 shares (₹14,818 at the upper band).
Grey market premium is at ₹0 as of August 25, showing no unofficial demand yet. Worth noting: FY26 profit fell 16% even as revenue jumped 125%, and the issue is priced near 101x post-issue earnings — a valuation that leaves little margin for error.
It's the parent company of Mom's Belief, which runs therapy centres for children with neurodevelopmental disorders like autism and ADHD — 136 centres across India plus three in the US as of March 2026.
Last updated 2026-09-08T08:18:00+05:30
Grey market premium and listing estimates are informational, not investment advice, and can change quickly before listing. Data compiled from exchange filings, registrar disclosures and company announcements.