Mumbai, 24th August 2026 (GNI): The company has fixed the price band at ₹227 to ₹239 per equity share. The IPO will open for subscription on Tuesday, September 1, 2026, and close on Thursday, September 3, 2026. The Anchor Investor Bidding Date is Monday, August 31, 2026.
The offer comprises a fresh issue of up to 52.30 lakh equity shares, aggregating to approximately ₹125 crore at the upper end of the price band, with no offer-for-sale component.
Rays of Belief Limited operates under the Mom’s Belief brand and provides developmental and therapeutic support to children with neurodevelopmental disorders, including autism, ADHD and developmental delays.
The company proposes to utilise the net proceeds towards establishing new centres and associated technology infrastructure, lease payments for existing centres in India, investment in its US subsidiary, brand awareness and inclusive outreach programmes, potential inorganic growth and general corporate purposes.eom GNI
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