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Rays of Belief IPO
₹228.34
−4.46% on listing
Listing-day close · NSE · 8 Sep 2026 · issue price ₹239
Rays of Belief’s ₹125 crore IPO was priced at ₹239 a share. It listed on the NSE on 8 Sep 2026 and closed its first day at ₹228.34, down 4.46% on the issue price.
Timeline
- Opens
- Closes
- Allotment
- Refunds
- Shares in demat
- Listing
Issue details
- Issue size
- ₹125 Cr
- Fresh issue
- ₹125 Cr
- Offer for sale
- —
- Lot size
- 62 shares
- Minimum investment
- ₹14,818
- Face value
- ₹10
- Registrar
- Kfin Technologies
Subscription
| Category | Shares offered | Times subscribed |
|---|---|---|
| Qualified institutions (QIB) | 18.30 L | 9.06× |
| Non-institutional (NII) | 7.85 L | 279.11× |
| Retail | 5.23 L | 195.86× |
| Total | 31.38 L | 107.71× |
At the close of the issue, excluding anchor investors.
Financials and valuation
- Market cap (post-issue)
- ₹500 Cr
- P/E (post-issue)
- 100.8
- EPS (post-issue)
- ₹2.37
- ROE
- 21.64%
- ROCE
- 29.74%
- Debt to equity
- 0.12
- EBITDA margin
- 14.59%
- PAT margin
- 6.07%
- Promoter holding
- 91.72% → 68.77%
Financials as of 31 Mar 2026, from the offer documents.
Listing
- Listing date
- 8 Sep 2026
- Issue price
- ₹239
- Open
- ₹239.00
- High
- ₹239.00
- Low
- ₹227.32
- Close
- ₹228.34
Listing day on the NSE. The close was −4.46% on the issue price.
FAQs
When did the Rays of Belief IPO open and close?
It opened on 1 Sep 2026 and closed on 3 Sep 2026.
What was the Rays of Belief IPO price?
The price band was ₹227–239 a share. The final issue price was ₹239.
What is the lot size and minimum investment?
One lot is 62 shares, ₹14,818 at ₹239 a share. Retail investors apply in whole lots.
How much did Rays of Belief raise?
₹125 crore: ₹125 crore of new shares.
How many times was the Rays of Belief IPO subscribed?
107.71 times overall: qualified institutions 9.06 times, non-institutional 279.11 times, retail 195.86 times.
How did Rays of Belief list?
It listed on the NSE on 8 Sep 2026 at ₹239.00 and closed the day at ₹228.34, down 4.46% on the ₹239 issue price.
Who is the registrar of the Rays of Belief IPO?
Kfin Technologies handles the allotment, refunds and credit of shares.
For information only. Not investment advice or a research report.
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