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Rays of Belief (Mom’s Belief) IPO
₹227 to ₹239
₹10 per share
62 Shares
₹14,818
52,30,000 shares (agg. up to ₹125 Cr)
Bookbuilding IPO
BSE, NSE
IPO Open Date
Tue, Sep 1, 2026
IPO Close Date
Thu, Sep 3, 2026
Allotment Date
Fri, Sep 4, 2026
Listing Date
Tue, Sep 8, 2026
Rays of Belief (Mom’s Belief) Limited — company overview pending.
About the Company
Company Strengths
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
| 1 | Company Learning Centres and Company Learning Centres in partnership with Licensed Professionals | 26.88 |
| 2 | School Collaboration Centres | 5.54 |
| 3 | Centre for Excellence and Research | 2.45 |
| 4 | Upskilling Academy | 2.05 |
| 5 | Technology (hardware) costs | 4.44 |
| 6 | Expenditure for lease payments for existing centres in India | 14.45 |
| 7 | Investment in Subsidiary, Moms Belief US Inc., for making lease / license payments for existing centres in the USA | 10.13 |
| 8 | Expenditure for brand awareness and inclusive outreach programs | 10.21 |
| 9 | Funding inorganic growth through unidentified acquisition and General corporate purposes | |
| Total | 76.15 |
Financial Performance
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
| Assets | 50.89 | 26.12 | 12.89 |
| Total Income | 82.06 | 36.54 | 30.76 |
| Profit After Tax | 4.96 | 5.88 | 0.85 |
| EBITDA | 11.91 | 3.02 | 1.49 |
| NET Worth | 30.81 | 15.02 | 5.78 |
| Reserves and Surplus | 15.22 | 14.70 | 5.47 |
| Total Borrowing | 3.61 | 4.36 | |
| Amount in ₹ Crore |
GMP Today
IPO Reservation
| Investor Category | Shares |
| QIB | Not less than 75% of the Issue size |
| Retail | Not more than 10% of the Issue |
| NII | Not more than 15% of the Issue |
Promoter Holding
Lead Managers
- Mefcom Capital Markets Ltd.