Rays of Belief IPO

The Rays of Belief mainboard IPO opens for subscription on 1 Sept 2026 and closes on 3 Sept 2026, offered at a price band yet to be finalised, and is set to list on NSE and BSE.

Objects of the issue

Per the offer document, the company intends to deploy the net proceeds primarily toward company learning centres and company learning centres in partnership with licensed professionals (₹26.88 crore), alongside expenditure for lease payments for existing centres in india (₹14.45 crore). In all, 9 objects are disclosed — the full break-up is in the table above.

Financials

In FY2026, Rays of Belief reported revenue of ₹82.06 crore and a net profit of ₹4.96 crore. Revenue grew from ₹30.76 crore in FY2024 to ₹82.06 crore in FY2026 (+167.0%). Net worth stood at ₹30.81 crore at the end of FY2026.

Promoters

The promoters of the company are <p>Nitin Bindlish, Carving Futures Pte.Ltd.</p>. Promoter holding stands at 92.93% before the issue and comes down to 0% after listing.

Grey market premium (GMP)

In the unofficial grey market, Rays of Belief shares are quoted at a premium of ₹0. Grey market premium is a sentiment indicator set by private dealers, not the company or the exchange — it moves quickly and is not a reliable predictor of the actual listing price.

What to weigh

When evaluating the Rays of Belief IPO, the data points most investors look at are the fresh-issue-versus-OFS split, the revenue and profitability trend and the grey market premium. Grey market premium and subscription figures reflect short-term sentiment rather than long-term fundamentals; the figures on this page are for information only and are not investment advice.

About Rays of Belief

Rays of Belief Limited is the parent company of Mom&rsquo;s Belief , a leading child development and therapy organization dedicated to empowering families through evidence-based practices. The company focuses on creating personalized therapeutic programs for children with autism and other developmental delays, helping them achieve their full potential. Through its Integrated Learning Centres, Rays of Belief provides a supportive and inclusive environment where children receive expert guidance from professionals in child psychology, speech, behaviour, and occupational therapy. The centres are designed to promote holistic growth and emotional well-being. Services: Occupational Therapy &ndash; to enhance motor skills and daily functioning. Speech Therapy &ndash; to improve communication and language abilities. Special Education &ndash; individualized learning support for children with diverse needs. Applied Behaviour Analysis (ABA) &ndash; behaviour-based intervention for skill development. Language and Communication Therapy &ndash; to strengthen verbal and social communication. Adult Counselling - &nbsp;to support parents and caregivers in managing challenges effectively.