| Category | Subscription | Shares Offered | % of Total | Amount (₹Cr) |
|---|---|---|---|---|
|
QIB
|
Over 9.06x
|
1,830,310
|
— | ₹43.74 |
|
NII / HNI
|
Over 279.11x
|
784,500
|
— | ₹18.75 |
|
Retail
|
Over 195.86x
|
523,000
|
— | ₹12.50 |
| Total | 107.71x | 3,137,810 |
100% | ₹74.99 |
| Category | Shares Offered | Amount (₹Cr) | Size (%) |
|---|---|---|---|
| QIB | 1,830,310 | ₹43.74 |
58.33%
|
| NII | 784,500 | ₹18.75 |
25.00%
|
| Retail | 523,000 | ₹12.50 |
16.67%
|
| Total | 3,137,810 | ₹74.99 |
100.00%
|
| QIB | NII | Retail | Total | |||||
|---|---|---|---|---|---|---|---|---|
| Ex. Anchor | Anchor | Total QIB | Below ₹10L | Above ₹10L | Total NII | |||
| Allocation (shares) | — | — | — | — | — | 784,500 | 523,000 | 1,307,500 |
| Allotment price (₹) | 239 | 239 | 239 | 239 | 239 | 239 | 239 | 239 |
| No. of applications | — | — | — | — | — | — | — | — |
| No. of shares applied | — | — | — | — | — | — | — | — |
| Amount collected (₹Cr) | — | — | — | — | — | — | ₹12.50 | ₹12.50 |
| Times subscribed | 9.06x | — | — | — | — | 279.11x | 195.86x | 107.71x |
| Shares allotted | — | — | — | — | — | 784,500 | 523,000 | 1,307,500 |
| No. of allottees | — | — | — | — | — | — | — | — |
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min — 2 Lots) | 2 | 124 | ₹29,636 |
| Retail (Max — 13 Lots) | 13 | 806 | ₹192,634 |
| S-HNI (Min — 14 Lots) | 14 | 868 | ₹207,452 |
| B-HNI (Min — 68 Lots) | 68 | 4,216 | ₹1,007,624 |
| Particulars | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Revenue from Operations | 82.06 | 36.54 | 30.76 |
| EBITDA | 11.91 | 3.02 | 1.49 |
| Profit After Tax (PAT) | 4.96 | 5.88 | 0.85 |
| Net Worth | 30.81 | 15.02 | 5.78 |
| Total Assets | 50.89 | 26.12 | 12.89 |
| Reserves & Surplus | 15.22 | 14.70 | 5.47 |
| Borrowings | 3.61 | 4.36 | N/A |
| EBITDA Margin (%) | 14.59 | — | — |
| PAT Margin (%) | 6.07 | — | — |
Rays of Belief Ltd IPO is subscribed 107.71 times by Sep 03, 2026. Retail: 195.86x. QIB: 9.06x. NII: 279.11x.
| Investor Category | Subscription |
|---|---|
| Qualified Institutional (QIB) | 9.06x |
| Non Institutional (NII/HNI) | 279.11x |
| Retail Individual | 195.86x |
| Total Subscription | 107.71x |
The Rays of Belief Ltd IPO retail category is subscribed 195.86 times as of 03 Sep 2026. The retail portion is oversubscribed.
Subscribe via your broker app using ASBA or UPI. Opens 01 Sep 2026 and closes 03 Sep 2026. Min investment: ₹14,818 (1 lot = 62 shares). UPI mandate: 5:00 PM on 03 Sep 2026.
The Rays of Belief Ltd IPO subscribed 107.71x overall. QIB: 9.06x, NII: 279.11x, Retail: 195.86x. Applications: from NSE/BSE.
Check allotment on the registrar website (Kfin Technologies Ltd) at https://ipostatus.kfintech.com/. Enter your PAN, application number or DP/Client ID. Allotment date: 04 Sep 2026. Refunds: on 07 Sep 2026.
The Rays of Belief Ltd IPO listing date is 08 Sep 2026, Tuesday. Listed on: NSE & BSE. Issue price: ₹239. Estimated listing: ₹249. GMP: +₹10.
The Rays of Belief Ltd IPO closes on 03 Sep 2026, Thursday. UPI mandate: 5:00 PM on 03 Sep 2026. Allotment: 04 Sep 2026. Listing: 08 Sep 2026.