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Rays of Belief IPO

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Rays of Belief IPO Details

Issue Date

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Price Range

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Lot Size

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IPO Size

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Schedule of Rays of Belief IPO

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End date

Allotment of bids

Refund Initiation

Listing on exchange

About Rays of Belief IPO

Rays of Belief, the parent company of the child development and therapy organisation Mom's Belief, has received approval from the capital market regulator, SEBI, to launch its IPO. The company filed its IPO papers through the confidential route in August 2025. The issue size and price band of shares in the IPO are [TBA].

Rays of Belief IPO opens on [TBA] and closes on [TBA]. The allotment of shares will take place on [TBA]. The credit of shares to the Demat account will take place on [TBA]. The initiation of refunds will take place on [TBA].

The listing of shares will take place on [TBA]. The lot size of shares in the IPO is [TBA]. The minimum investment amount required by a retail investor is ₹ [TBA] based on the upper price. The minimum lot for retail investors in this IPO is [TBA].

Rays of Belief is the parent company of Mom’s Belief. Mom’s Belief empowers families by offering customised therapy programmes and dedicated support for children with autism and other developmental delays.

Objectives of Rays of Belief IPO

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Rays of Belief IPO Valuation

Rays of Belief IPO Lot Size

Rays of Belief IPO Offer and Subscription Details

Industry Outlook

The Indian child care services market generated revenues of USD 19320.1 million in 2024. It's expected to reach USD 25892.3 million by 2030 and is expected to grow at a CAGR of 5% from 2025 to 2030. In terms of revenue, India accounted for 5.6% of the global child care services market in 2024.

Rays of Belief Company Information

Rays of Belief is the parent company of Mom’s Belief. Incorporated in 2017, Mom’s Belief is India’s largest holistic care provider for children with autism & developmental delays. It has 125+ integrated learning centres across 60+cities PAN India.

Strengths of Rays of Belief

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Risks of Rays of Belief

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Comparison with Peers

Anchor Investor Bidding Date

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IPO Registrar and Book Running Lead Manager

  • IPO Registrar: TBA
  • Book Running Lead Managers: TBA

Rays of Belief Business Model

The company offers various online programmes, including speech and language therapy. It also offers assessments for autism spectrum disorder, along with school readiness programmes.

Rays of Belief Growth Trajectory

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Rays of Belief Market Position

Rays of Belief through Mom’s Belief has empowered 60K+ families. It has 125+ centres and has a presence in over 55 cities. It has over 500 professionals on its team who support its operations.

Rays of Belief Profit and Loss (in ₹ crores)

Rays of Belief Balance Sheet (in ₹ crores)

How to Apply for the Rays of Belief IPO?

To apply for this IPO:

  • Log in to your Kotak Neo Demat account: Log in to your Demat account to access IPO investments. Next, select the current IPO section.
  • Specify IPO details: Enter the number of lots and the price you wish to apply for.
  • Enter UPI ID: After entering your UPI ID, click submit. This will place your bid with the exchange.
  • Mandate Notification: Your UPI app will receive a mandate notification to block funds.
  • Approve Request: Your funds will be blocked once you approve the mandate request on your UPI.

Rays of Belief IPO FAQs

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 [-].

The founder of Rays of Belief which is the founder company of Mom’s Belief is Nitin Bindlish.

This article is for informational purposes only and does not constitute financial advice. It is not produced by the desk of the Kotak Securities Research Team, nor is it a report published by the Kotak Securities Research Team. The information presented is compiled from several secondary sources available on the internet and may change over time. Investors should conduct their own research and consult with financial professionals before making any investment decisions. Read the full disclaimer here.
Investments in securities market are subject to market risks, read all the related documents carefully before investing. Brokerage will not exceed SEBI prescribed limit. The securities are quoted as an example and not as a recommendation. SEBI Registration No-INZ000200137 Member Id NSE-08081; BSE-673; MSE-1024, MCX-56285, NCDEX-1262.

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