Rays of Belief Ltd launches ₹41.36cr IPO priced ₹227-₹239
Business
Rays of Belief Ltd. the parent company behind Mom's Belief, is launching its IPO with shares priced between ₹227 and ₹239.
You can apply from September 1 to September 3, and there are 52.3 lakh fresh shares up for grabs.
No old shares being sold here.
Rays of Belief IPO allocation timetable
The ₹41.36 crore raised will help Rays of Belief open 319 new centers across India by FY29.
Shares are up to 75% set aside for big institutional investors (QIBs), but not less than 10% still get a slice for retail folks and not less than 15% for NII investors.
Anchor allocation happens on August 31; allotment is out on September 4; refunds and demat credits hit on September 7, and shares start trading on BSE and NSE by September 8.
Minimum investment? One lot equals 62 shares.