Rays of Belief IPO Allotment Status
Rays of Belief Limited is a book-built mainboard IPO consisting entirely of a fresh issue of 52.30 lakh equity shares. At the upper end of the price band, the company aims to raise ₹125 crore. The issue does not contain an offer-for-sale component.
The subscription window for Rays of Belief Limited IPO opened on September 1, 2026, and closes today, September 3, 2026. The basis of allotment is expected to be finalised on September 4, 2026. Refunds for unsuccessful applicants and credit of shares to successful applicants’ demat accounts are expected on September 7, 2026, before the proposed listing on the BSE and NSE on September 8, 2026.
The IPO price band is ₹227–₹239 per equity share and the lot size is 62 shares. At the upper price band, retail investors need a minimum investment of ₹14,818 for one lot.
Investors can check Rays of Belief IPO allotment status after the basis of allotment is finalised through KFin Technologies, the registrar to the issue, or through the BSE and NSE websites.
How to Check Rays of Belief IPO Allotment Status Online on NSE?
- Go to the NSE IPO bid verification and application-status page.
- Select the Equity IPO bid-verification or application-status option.
- Choose “Rays of Belief Limited” from the issue-name dropdown after the allotment status is published.
- Enter your PAN, application number or other requested details.
- Complete the required verification.
- Click on Submit to view the application and allotment status.
How to Check Rays of Belief IPO Allotment Status Online on BSE?
- Visit the BSE IPO application-status page.
- Select “Equity” under Issue Type.
- Choose “Rays of Belief Limited” from the Issue Name dropdown.
- Enter your PAN or application number.
- Complete the captcha verification, where required.
- Click on Submit or Search to view the allotment result.
How to Check Rays of Belief IPO Allotment Status on the Registrar’s Website?
- Visit the official KFin Technologies IPO allotment-status website.
- Select “Rays of Belief Limited” from the issue-name dropdown once the registrar uploads the allotment data.
- Select PAN, application number, DP ID/Client ID or bank-account details as the preferred verification method, where available.
- Enter the relevant information.
- Complete the captcha verification.
- Click on Submit or Search to check the allotment status.
Rays of Belief IPO Details
Rays of Belief’s ₹125 crore IPO comprises a fresh issue of 52,30,000 equity shares. The issue is priced at ₹227–₹239 per share, and the face value of each equity share is ₹10.
The public issue opened on September 1 and closes on September 3, 2026. The basis of allotment is expected on September 4, 2026, refunds and demat credits are expected on September 7, 2026, and the shares are scheduled to list on the BSE and NSE on September 8, 2026.
The minimum retail application comprises one lot of 62 shares, requiring ₹14,818 at the upper price band. Retail investors may apply for up to 13 lots, or 806 shares, involving an investment of ₹1,92,634.
Allocation Quota for Rays of Belief IPO
| Investor Category | Shares | % of Total Issue |
| QIB | 39,22,500 | 75.00% |
| – Anchor Investor | 20,92,190 | 40.00% |
| – QIB (Ex. Anchor) | 18,30,310 | 35.00% |
| NII (HNI) | 7,84,500 | 15.00% |
| – bNII > ₹10L | 5,23,000 | 10.00% |
| – sNII < ₹10L | 2,61,500 | 5.00% |
| Retail | 5,23,000 | 10.00% |
| Total | 52,30,000 | 100.00% |
*The final category-wise allocation may differ after anchor allocation, rounding and other issue-specific adjustments. The final basis of allotment published by KFin Technologies will be definitive.
Rays of Belief IPO – Overall Subscription Status
As of the latest available update on September 3, 2026 at 3:54:50 PM, Rays of Belief IPO was subscribed 105.22 times overall. Non-institutional investors subscribed 277.61 times their reserved portion, retail investors subscribed 183.18 times and QIBs subscribed 9.06 times. These figures may change slightly after final exchange reconciliation following the issue close.
| Category | Subscription (x) | Shares Offered | Shares bid for |
| QIB (Ex Anchor) | 9.06 | 18,30,310 | 1,65,76,630 |
| NII | 277.61 | 7,84,500 | 21,77,85,788 |
| ↳ bNII (> ₹10L) | 303.29 | 5,23,000 | 15,86,22,288 |
| ↳ sNII (< ₹10L) | 226.25 | 2,61,500 | 5,91,63,500 |
| Retail | 183.18 | 5,23,000 | 9,58,04,074 |
| Total | 105.22 | 31,37,810 | 33,01,66,492 |
Total Applications Recieved: 14,67,288
Rays of Belief Business Overview
Rays of Belief is the parent company of Mom’s Belief, a healthcare and child-development platform. The company operates in the child-development and healthcare-services space, offering intervention, therapy and support services for children and families.
The net proceeds from the entirely fresh issue will accrue to the company for its stated business-expansion and corporate requirements. Investors should review the red herring prospectus for detailed information on the proposed use of proceeds, the company’s financial results, operating model, industry risks and valuation before investing.
Rays of Belief IPO allotment status is expected to be available on September 4, 2026, after the basis of allotment is approved. Investors should use KFin Technologies, BSE or NSE with their PAN, application number or DP ID/Client ID to verify the allotment result.
Know more about IPO allotment status and check your application details online for the latest updates on share allocation.
Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Sep 3, 2026, 4:41 PM IST
Team Angel One
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