Rays of Belief IPO
Allotment Status
Registrar: KFintech
Rays of Belief IPO — Quick Analysis
Rays of Belief IPO subscription closed on 3 Sept 2026. It was heavily oversubscribed at 107.71x, indicating strong investor demand. The current GMP of ₹13 (5.4%) suggests a listing premium. Allotment results are expected by 4 Sept 2026.
Overview
Rays of Belief is a recently closed Mainboard IPO in India, raising ₹125.00 Cr, with shares offered around ₹239. Subscription has ended — watch for allotment on the expected date and see how final GMP compared to the issue price. For business fundamentals, revenue trends, and use of proceeds, read the RHP on SEBI or NSE/BSE — we summarise market metrics, not audited financials.
GMP and subscription figures are unofficial market data, refreshed twice daily for active IPOs. Last updated 3 Sept 2026, 05:54 pm IST. How we source data · Disclaimer
Strengths
- Subscribed 107.71x — strong demand.
- Positive GMP of ₹13 (+5.4%).
- Mainboard listing — deeper liquidity on NSE/BSE.
Risks
- Listing price can fall below issue price despite positive GMP.
- GMP is unofficial — not a confirmed listing outcome.
GMP analysis
GMP is ₹13 (+5.4%). Modest premium — measured optimism ahead of listing. Subscription at 107.71x — retail allotment odds may be low.
FAQ
Rays of Belief IPO questions
- What is Rays of Belief IPO price?
- ₹239 per share. Confirm in the RHP before applying.
- What is Rays of Belief IPO GMP?
- ₹13 (+5.4%). Unofficial — changes daily.
- When is Rays of Belief allotment?
- Expected around 4 Sept 2026. Check the registrar link on this page.