Rays of Belief Limited- For Profit Social Enterprise (FPSE) IPO
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Listed on Tuesday, 8 September 2026 (expected date — not confirmed).
Updated automatically · Last refreshed 29 Oct 2026, 3:56 pm IST
IPO timeline
Opens
Tuesday, 1 September 2026
Closes
Thursday, 3 September 2026
UPI mandate by 5 pm
Allotment
Friday, 4 September 2026(estimated)
Refunds & demat credit
Monday, 7 September 2026(estimated)
Listing
Tuesday, 8 September 2026(estimated)
Issue details
- Price band
- ₹227 – ₹239 per share
- Lot size
- 62 shares
- Minimum application
- 62 shares · ₹14,818 at the upper price
- Face value
- Rs. 10 per Equity Share
- Issue type
- Book Building
- Issue size
- Initial Public Offer comprising of Fresh Issue up to 52,30,000 Equity Shares (including Anchor Investor portion of 20,92,190 Equity Shares)
- Registrar
- KFin Technologies Limited
- Lead manager(s)
- Mefcom Capital Markets Limited
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Rays of Belief Limited- For Profit Social Enterprise (FPSE) IPO subscription
Official figures across exchanges — how many times each investor category's share of the issue has been bid for (as on 03-Sep-2026 19:00:00).
| Investor category | Times subscribed |
|---|---|
| Institutions (QIB) | 9.06× |
| Non-institutional (NII / HNI) | 279× |
| Retail investors | 196× |
| Overall | 108× |
Rays of Belief Limited- For Profit Social Enterprise (FPSE) IPO: common questions
The Rays of Belief Limited- For Profit Social Enterprise (FPSE) IPO closes on Thursday, 3 September 2026. Under SEBI's T+3 timeline, the basis of allotment is expected on Friday, 4 September 2026.
Rays of Belief Limited- For Profit Social Enterprise (FPSE) shares are expected to list on Tuesday, 8 September 2026 (T+3 after the issue closes).
The price band is ₹227 – ₹239 per share. Bids are made in lots of 62 shares, so one lot costs ₹14,818 at the upper end of the band.
KFin Technologies Limited is the registrar for this IPO. Use the "Check allotment status" button on this page to open its status page, then search with your PAN or application number once the allotment is finalised (4 Sept). Your broker app usually shows it too.
If you are not allotted shares, the blocked money is released around Monday, 7 September 2026 (T+2 under SEBI's timeline); allotted shares reach your demat account the same day.
Please note
This page updates itself every hour and shows facts about the issue only — no grey-market prices, no listing-day estimates and no opinion on whether to apply. Dates after the issue closes are expected dates under SEBI's T+3 timeline until the shares list. Read the offer document before you invest; this page is for information only.