Subscription status
- Qualified institutional buyers (QIB)9.06x
- Non-institutional investors (NII)279.11x
- NII: bids above ₹10 lakh (big NII)303.82x
- NII: bids of ₹2–10 lakh (small NII)229.70x
- Retail investors195.87x
- Total107.71x
Shares offered and bid for, by category
| Category | Shares offered | Shares bid for |
|---|---|---|
| Qualified institutional buyers (QIB) | 18,30,310 | 1,65,76,630 |
| Foreign institutions (FII) | – | 29,00,174 |
| Banks, financial institutions and insurers | – | 43,896 |
| Mutual funds | – | 0 |
| Other institutions | – | 1,36,32,560 |
| Non-institutional investors (NII) | 7,84,500 | 21,89,65,648 |
| NII: bids above ₹10 lakh (big NII) | 5,23,000 | 15,88,98,374 |
| Corporates | – | 14,97,052 |
| Individuals(Other than RIIs) | – | 15,21,20,906 |
| Others | – | 52,80,416 |
| NII: bids of ₹2–10 lakh (small NII) | 2,61,500 | 6,00,67,274 |
| Corporates | – | 1,49,048 |
| Individuals(Other than RIIs) | – | 5,82,52,782 |
| Others | – | 16,65,444 |
| Retail investors | 5,23,000 | 10,24,37,640 |
| Cut Off | – | 8,75,76,488 |
| Price bids | – | 1,48,61,152 |
| Total | 31,37,810 | 33,79,79,918 |
Lot size and investment
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (minimum) | 1 | 62 | ₹14,818 |
| Retail (maximum) | 13 | 806 | ₹1,92,634 |
| Small NII / sHNI (minimum) | 14 | 868 | ₹2,07,452 |
| Small NII / sHNI (maximum) | 67 | 4,154 | ₹9,92,806 |
| Big NII / bHNI (minimum) | 68 | 4,216 | ₹10,07,624 |
IPO details
| Company | Rays of Belief Limited- For Profit Social Enterprise (FPSE) |
|---|---|
| Board | Mainboard (NSE and BSE) |
| Issue period | Tue, 1 Sep 2026 to Thu, 3 Sep 2026 |
| Price band | ₹227 – ₹239 |
| Face value | ₹10 per share |
| Lot size | 62 shares |
| Cut-off time for UPI Mandate Confirmation | 03-Sep-2026 (upto 5:00 PM) The new cut-off time for UPI mandate acceptance is 05:00 PM on last day of IPO bidding. |
| Issue Size | Initial Public Offer comprising of Fresh Issue up to 52,30,000 Equity Shares (including Anchor Investor portion of 20,92,190 Equity Shares) |
| Issue Type | Book Building |
| Discount | NA |
| Tick Size | Re. 1 |
| Maximum Bid Quantity for QIB Investors | 31,37,758 Equity Shares in multiple of 62 Equity Shares (Calculated at Higher Price band) |
| Maximum Bid Quantity for NIB Investors | 13,07,456 Equity Shares in multiple of 62 Equity Shares (Calculated at Higher Price band) |
| Maximum Subscription Amount for Retail Investor | Rs. 2,00,000 |
| IPO Market Timings | 10.00 a.m. to 5.00 p.m. |
| Sponsor Bank | ICICI Bank Limited |
| Contact person name number and Email id | M. Murali Krishna, +91 40 6716 2222, robl.ipo@kfintech.com |
| Registrar | KFin Technologies Limited |
| Lead managers | Mefcom Capital Markets Limited |
Offer documents
Frequently asked questions
When does the Rays of Belief Limited- For Profit Social Enterprise (FPSE) IPO open and close?
It opens on Tue, 1 Sep 2026 and closes on Thu, 3 Sep 2026.
What is the price band of the Rays of Belief Limited- For Profit Social Enterprise (FPSE) IPO?
₹227 – ₹239 per share, with a face value of ₹10.
What is the lot size and minimum investment?
One lot is 62 shares. The minimum application is one lot, which costs ₹14,818 at the top of the price band.
When is the allotment and listing date?
Allotment was on Fri, 4 Sep 2026 and the shares listed on Tue, 8 Sep 2026.
What is the Rays of Belief Limited- For Profit Social Enterprise (FPSE) IPO GMP today?
No grey market premium has been reported for this IPO yet. GMP is an unofficial figure quoted outside any exchange.
How do I check the Rays of Belief Limited- For Profit Social Enterprise (FPSE) IPO allotment status?
On the registrar's website (KFin Technologies Limited) or the NSE and BSE allotment pages, using your PAN or application number, from the allotment date.
For information only. Not investment advice. SmartFigure is not registered with SEBI as an investment adviser or research analyst. GMP is an unofficial, unregulated grey-market figure, averaged from public websites; it is not a prediction of the listing price. Rely on the offer documents.