Rays of Belief Limited IPO — Subscription & GMP
Grey market premium
+₹9
1 source · 1 min ago
Est. listing gain
+3.77%
implies ₹248 on listing
Subscribed
—
bidding not open yet
Min. investment
₹14,818
62 shares × ₹239
- Price band
- ₹227 – ₹239
- Lot size
- 62
- Issue size
- ₹125 Cr
- Bidding
- 01 Sept 2026 → 03 Sept 2026
- Allotment
- —
- Listing
- —
Schedule
- 01 Sept 2026IPO open date
- 03 Sept 2026IPO close date
- 04 Sept 2026Allotment date†
- 04 Sept 2026Funds unblock or debit†
- 08 Sept 2026Tentative listing date†
† Derived from the close date using the T+3 working-day timeline. The exchanges publish the open and close dates; the rest are indicative until confirmed, and exchange holidays are not accounted for.
Fundamentals
The business, its valuation and returnsNot Available
RoNW
21.64%
latest reported year · strong above 15%
PAT margin
0.43%
net profit as a share of revenue
Revenue
₹81.66 Cr
PAT ₹0.35 Cr
| Metric | Pre-issue | Post-issue |
|---|---|---|
| EPS | ₹187.88 | — |
| P/E ratio | 1.27× | — |
| NAV per share | ₹15.67 | — |
Promoter holding pre/post issue is in the offer document but we do not yet extract it. Left blank rather than estimated.
Read from the company’s offer document filed with SEBI. Figures are the latest reported financial year, as restated in that filing.
Figures are as reported and not independently audited, and are read 3 hr ago.
GMP is unofficial. Grey Market Premium is quoted by private dealers outside the exchange mechanism and is not recognised or regulated by SEBI. Figures vary by source, can change within minutes, and frequently diverge from actual listing prices. UpcomingIPO publishes GMP as market information only — this is not investment advice and not a recommendation to apply for any issue.
Grey market premium
Unofficial · not from any exchangeUpper band ₹239 + GMP ₹9 implies a listing around ₹248 (+3.77%). That is what the grey market is pricing, not a forecast.
Subscription status
Live from exchange · fetched 15 min agoOverall subscribed
—
not yet published
No bids recorded yet. The exchanges publish subscription figures only once bidding opens.
Source: NSE issue information · BSE public issue
Allotment status
Allotment status is not out yet. The registrar is Kfin Technologies Limited.
Issue details
- Price band
- ₹227 – ₹239
- Lot size
- 62 shares
- Min. bid quantity
- 62
- Face value
- ₹10.00
- Tick size
- ₹1.00
- Shares offered
- 52.30 L
- Issue size
- ₹125 Cr
- Max bid · QIB
- 52.30 L
- Max bid · NII
- 13.07 L
Timeline & process
- Bidding opens
- 01 Sept 2026
- Bidding closes
- 03 Sept 2026
- Allotment
- —
- Listing
- —
Intermediaries
- Registrar
- Kfin Technologies Limited
- Sponsor bank
- ICICI BANK
- Lead managers
- Mefcom Capital Markets Limited