About Rays of Belief IPO
Rays of Belief (Rays of Belief Limited) IPO is a mainboard issue with a total issue size of ₹125.00 crore, comprising entirely of a fresh issue of 52,30,000 equity shares of face value ₹10 each.
The company, started in 2017, is a for-profit social enterprise running customized intervention programmes for children with neurodevelopmental disorders under the Mom's Belief brand. As of March 31, 2026, it operated 136 centers across 57 cities and 20 states and union territories, supported by more than 340 clinical professionals, plus three centers in Virginia, USA, acquired in June 2025.
The issue was open for subscription from September 1, 2026, to September 3, 2026, at a price band of ₹227 to ₹239 per share. Anchor investor bidding took place on August 31, 2026.
How Can I Check the Rays of Belief IPO Allotment Status?
Once the Rays of Belief IPO allotment is finalized on September 4, 2026, you can check your allotment status through three channels:
1. Check Rays of Belief IPO Allotment Status on BSE & NSE
On BSE:
- Visit the BSE IPO allotment status page: https://bseindia.com/investors/appli_check.aspx
- Select "Equity" as the issue type.
- Choose "Rays of Belief Limited" from the dropdown menu.
- Enter your Application Number or PAN.
- Complete the CAPTCHA verification and click "Search".
On NSE:
- Go to the NSE IPO bid verification page: https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
- Click on "Equity and SME IPO Bid Details".
- Select "Rays of Belief Limited" from the issue name list.
- Enter your Application Number and PAN.
- Submit the form to view your bid and allotment details.
2. Check via Registrar
- Visit the KFin IPO allotment status portal: https://ipostatus.kfintech.com/
- Select "Rays of Belief Limited" from the IPO dropdown menu. The name appears only after the basis of allotment is finalized.
- Choose your search method – PAN, Application Number, DP ID braz/Client ID, or Bank Account Number/IFSC.
- Enter the required details and click "Submit".
3. Check via Trading Platforms
- Log in to your broker's app or website.
- Navigate to the IPO section or Order Book.
- Look for "Rays of Belief IPO" under your applied IPOs.
- Your allotment status will be shown – Allotted, Not Allotted, or Pending.
Important Details of Rays of Belief IPO
| Event | Date |
|---|---|
| Anchor Investor Bidding Date | August 31, 2026 |
| IPO Open & Close Date | September 1, 2026 to September 3, 2026 |
| Allotment Finalnymisation | September 4, 2026 |
| Listing Date | September 8, 2026 |
| Price Band | ₹227 to ₹239 per share |
| Issue Size | ₹125.00 crore (52,30,000 equity shares) |
| Lot Size | 62 shares |
| Minimum Investment Amount (Retail Investors) | ₹14,818 |
| Registrar | Kfin Technologies Ltd. |
When Will the Rays of Belief IPO Be Listed?
The Rays of Belief IPO is expected to list on both the BSE and NSE on September 8, 2026.
| Event | Expected Date |
|---|---|
| Allotment Finalisation | September 4, 2026 |
| Refund / UPI Unblock | September 7, 2026 |
| Credit to Demat | September 7, 2026 |
| Listing Date | September 8, 2026 |
What If You Are Allotted Rays of Belief IPO Shares
- Your money moves from blocked to debited. After allotment, only the amount for your allotted shares is debited.
- Shares are credited on September 7, 2026, one day before listing, and may appear in your broker’s holdings that evening or the next morning.
- Trading starts September 8, 2026, on BSE and NSE. Retail and non-institutional investors have no lock-in; anchor investors are subject to lock-in periods.
- If shares aren’t credited, verify your Demat details, PAN, and DP ID. If correct, contact your broker first, then the registrar.
What If You Aren’t Allotted Rays of Belief IPO Shares
- No allotment means no loss. Under ASBA, your money is only blocked. If no shares are allotted, the lien is released.
- Funds should be released around September 7, 2026. If still blocked, contact your bank or broker.
- Partial allotment is possible. In the non-institutional category, you may receive fewer shares than applied for. Only the allotted amount is debited; the balance is released.
- Common rejection reasons: PAN mismatch, unapproved UPI mandate, insufficient funds, third-party account, inactive Demat account, or multiple applications on the same PAN.
