Rays of Belief IPO Details, Financials, Valuation & Peers

By IPOBase•Last Updated on Aug 22, 2026

Explore Rays of Belief IPO details, including IPO dates, financial statements, valuation, peer comparison and more.

Status

Upcoming

Biding Dates

01 Sep - 03 Sep 2026

Price Range

TBA

Issue Size

0.52 Cr Shares

Overview

Overview of Rays of Belief Limited

Rays of Belief Limited is the parent company of Mom’s Belief, a child development and therapy organization dedicated to empowering families through evidence-based practices. The company focuses on creating personalized therapeutic programs for children with autism and other developmental delays to help them achieve their full potential.

Industry Focus The organization operates within the child development and therapeutic services sector, utilizing Integrated Learning Centres to provide expert guidance in child psychology, speech, behaviour, and occupational therapy.

Services

Occupational Therapy
Speech Therapy
Special Education
Applied Behaviour Analysis (ABA)
Language and Communication Therapy
Adult Counselling for parents and caregivers

Key Highlights

Evidence-Based Care: Provides programs built on research-backed methodologies to support developmental needs.
Holistic Approach: Focuses on comprehensive growth and the emotional well-being of children.
Inclusive Environment: Operates Integrated Learning Centres that offer a supportive setting for children with diverse needs.
Multidisciplinary Expertise: Utilizes a team of professionals across various clinical and educational disciplines.
Family-Centric Support: Extends its therapeutic model to include resources for parents and caregivers to manage challenges effectively.

IPO Docs

Objects of the Issue

Company Learning Centres and Company Learning Centres in partnership with Licensed Professionals
School Collaboration Centres
Centre for Excellence and Research
Upskilling Academy
Technology (hardware) costs
Expenditure for lease payments for existing centres in India
Investment in Subsidiary, Moms Belief US Inc., for making lease / license payments for existing centres in the USA
Expenditure for brand awareness and inclusive outreach programs
Funding inorganic growth through unidentified acquisition and General corporate purposes
Total

IPO Details

Discover essential information crucial for understanding an IPO, including the Price Band, Fresh Issue, Offer For Sale, Total IPO Size and more. Explore these key details to gain insight into the company's public offering.

Fields	Details
IPO Dates	01 Sep - 03 Sep 2026
IPO Price Band	TBA
Fresh Issue	0.52 Cr Shares
Offer For Sale	NIL
Total IPO Size	0.52 Cr Shares
Face Value	₹10
Listing On	BSE, NSE

IPO Timeline

Explore important dates like IPO opening, closing, listing and others, outlining the journey of the Public Offering. This will help you grasp the entire IPO journey effortlessly.

Event	Date
IPO Opening Date	01 Sep 2026
IPO Closing Date	03 Sep 2026
Basis Of Allotment	04 Sep 2026
Refunds	07 Sep 2026
Demat Transfer	07 Sep 2026
IPO Listing Date

Financial Statements

Explore a comprehensive financial data table showcasing key metrics including revenue, expenses, net income, and others. Gain valuable insights about the company's financial performance at a glance, facilitating informed decision-making and strategic planning for subscribing to the IPO.

Period Ended	31 Mar 2024	31 Mar 2025	31 Mar 2026
Assets	12.89	26.12	50.89
Total Income	30.76	36.54	82.06
Profit After Tax	0.85	5.88	4.96
EBITDA	1.49	3.02	11.91
NET Worth	5.78	15.02	30.81
Reserves and Surplus	5.47	14.70	15.22
Total Borrowing		4.36	3.61

* NPM represents the net profit margin, calculated as a percentage. All other figures are presented in crore (₹cr)

Peer Comparison

Compare key financial metrics with industry peers to gain valuable insights into the company's performance compared to its competitors.

Name	P/E	EPS	RoNW	NAV

* Revenue in (₹cr), RoNW in (%), EPS, NAV in (₹). P/E ratio is based on the highest price from the IPO price band.

IPO Reservation

Investor Type	Shares Offered
Retail Individual Investor (RII)	Not more than 10% of the Issue

Subscription Data from NSE and BSE

As the issue has not yet opened, subscription data is unavailable. However, you can view subscriptions for other ongoing issues here.

IPO Registrar

KFin Technologies Limited
Phone: +91 40 6716 2222/ 18003094001
Email: einward.ris@kfintech.com
Website: www.kfintech.com

Lead Managers

1Mefcom Capital Markets Ltd.

Company Address

Rays of Belief Ltd.J-1919, Basement,
Chittranjan Park, New Delhi,

Delhi, New Delhi – 110019

Website: https://www.momsbelief.com/

Phone: +91 124 407549

Email: cs@momsbelief.com

FAQs

What is the issue size of the Rays of Belief IPO?
The Rays of Belief IPO has an issue size of 0.52 Cr Shares. This includes a fresh issue of 0.52 Cr Shares and an offer for sale (OFS) of NIL.
What is the price band of the Rays of Belief IPO?
The price band for the Rays of Belief IPO is yet to be announced.
What are the bidding dates for the Rays of Belief IPO?
The Rays of Belief IPO will open for bidding on 01 Sep 2026 and close on 03 Sep 2026.
What is the allotment date for the Rays of Belief IPO?
The allotment date for the Rays of Belief IPO is 04 Sep 2026.
What is the listing date for the Rays of Belief IPO?
The listing date for the Rays of Belief IPO is .
What is the Rays of Belief IPO grey market premium?
The grey market premium (GMP) for the Rays of Belief IPO is currently at ₹0, with an expected listing gain of approximately %. Remember, the grey market premium is not an official indicator, but it reflects market perception and demand for the IPO shares.