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Rays of Belief IPO

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Issue Date

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Price Range

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Lot Size

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IPO Size

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Initial public offering of upto 6,000,000 equity shares of face value of Rs. 10/- each (equity shares) of Rays of Belief Limited (the company or the issuer) for cash at a price of Rs. [] per equity share (issue price) aggregating up to Rs. [] crores (the issue). the issue comprises of a fresh issue of upto 6,000,000 equity shares by the company aggregating upto Rs. [] crores (the fresh issue). the issue shall constitute [] % of the post issue paid-up equity share capital of the company. The company, in consultation with the brlm, may consider a pre-ipo placement, prior to filing of the pre-ipo placement, if undertaken, will be at a price to be decided by the company, in consultation with the brlm. If the pre-ipo placement is completed, the amount raised pursuant to the pre-ipo placement will be reduced from the issue, subject to compliance with Rule 19(2)(b) of the scrr. the pre-ipo placement, if undertaken, shall not exceed 20% of the size of the issue. Prior to the completion of the issue and the allotment pursuant to the preipo placement, the company shall appropriately intimate the subscribers to the pre-ipo placement, that there is no guarantee that the company may proceed with the issue or the issue may be successful and will result into listing of the equity shares on the stock exchanges. Further, relevant disclosures in relation to such intimation to the subscribers to the pre-ipo placement (if undertaken). The face value of the equity shares is Rs. 10/- each and the issue price is [*] times the face value of the equity shares.

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The Rays of Belief IPO opens for subscription from [-] to [-], with a total issue size of [-]. The IPO price band is ₹[-] per share with a lot size of [-]. The company aims to list the shares on BSE & NSE on [-].

The Rays of Belief IPO will open for subscription on [-] and will close on [-] for investors.

The minimum lot size for the Rays of Belief IPO is [-] equity shares, requiring a minimum investment of ₹[-] for retail investors applying in the IPO.

The price band of the Rays of Belief IPO has been fixed at ₹[-] per equity share.

You can apply for the Rays of Belief IPO online through the Kotak Neo Website or the Kotak Neo App using UPI or ASBA during the IPO subscription period.

Rays of Belief IPO allotment will take place on [-].

You can check the Rays of Belief IPO allotment status online on the registrar’s website or on the NSE and BSE IPO allotment pages using your application number, PAN, or demat account details.

Rays of Belief shares will list on the stock exchanges on [-].