- Q1. What is the business of Rays of Belief Limited ?It runs Mom’s Belief centres providing early intervention, therapy and support services for children with neurodevelopmental disorders across India.
- Q2. Why is the company raising funds via IPO?Rays of Belief is raising funds via IPO to open new centres, support existing operations, expand US presence, boost brand outreach and pursue acquisitions.
- Q3. What is the size of the issue and where will it list?The issue size of the IPO comprises entirely as Fresh Issue of up to 60 lakh equity shares. It will be listed on BSE and NSE platform.
- Q5. What are the potential upsides?Upsides include pioneering a niche segment, strong growth demand, expanding centre network, improving financial trends and first-mover listing advantage.
- Q6. How to apply for the IPO?Investors can apply for the IPO through ASBA via net banking or using UPI through registered stock brokers once the IPO opens for subscription.
Upcoming
Rays of Belief Limited :New IPO,Price, Profit
0
IPO Score
0
*Score varies on actual price
Rays of Belief Limited is a Haryana-based company operating a network of child development and therapy centres under the brand Mom’s Belief. It provides intervention services and multidisciplinary support for children with neurodevelopmental disorders (such as autism and ADHD), including early intervention, parental guidance, occupational and language therapy, and family support programs across India. The company operates over 130 centres in multiple states and aims to be a leading behavioural health platform in its segment.
Rays of Belief Limited filed its DRHP with SEBI on February 11, 2026. The IPO features entirely of fresh issue of up to 60 lakh equity shares.
It provides clinical support services for children with developmental disorders (Autism, ADHD, learning delays) including therapy, assessments, customized plans, parent coaching, and holistic developmental interventions.It operates around 136 centres across 20+ states/UTs in India and claims to be among the largest players in structured child development services in the segment.
Subscription date to apply for Rays of Belief Limited is yet to be announced. Price band for the IPO is yet to be declared.
Revenue, PAT, EBITDA
|
Year
|
2025
|
|---|---|
|
Networth
|
₹ 15.02 Cr
|
|
Revenue
|
₹ 36.42 Cr
|
|
EBITDA
|
₹ 3.02 Cr
|
|
PAT
|
₹ 5.88 Cr
|
|
EBITDA Margin
|
~ 8.28%
|
|
PAT Margin
|
~ 16.15%
|
|
Face Value
|
Rs.10 per Equity Share
|
IPO Important Dates
|
#
|
Date
|
|---|---|
|
Open Date
|
TBA
|
|
Close Date
|
TBA
|
|
Anchor Investor Bidding
|
TBA
|
|
Allotment Date
|
TBA
|
|
Refunds& Demat Credit
|
TBA
|
|
Tentative Listing Date
|
TBA
|
Use Of Proceeds
|
Purpose
|
Amount
|
|---|---|
|
Capital Expenditure ( In Crores)
|
57.62
|
|
Working Capital requirements
|
10 cr
|
|
-
|
-
|
|
-
|
-
|
|
-
|
-
|
|
General Corporate Purpose
|
Balance
|
Financial Data
|
#
|
2023
|
2024
|
2025
|
|---|---|---|---|
|
Revenue (₹ Cr)
|
₹ 22.1
|
₹ 30.6
|
₹ 36.4
|
|
PAT (₹ Cr)
|
₹ -8.5
|
₹ 0.9
|
₹ 5.9
|
|
Asset (₹ Cr)
|
₹ 7.8
|
₹ 12.9
|
₹ 26.1
|
|
Net Worth (₹ Cr)
|
₹ 4.4
|
₹ 5.8
|
₹ 15.0
|
IPO Grey Market Premium
|
Date
|
IPO Price
|
IPO GMP
|
Profit Per Lot
|
|---|---|---|---|
|
08-Aug
|
₹ –
|
₹ –
|
₹ –
|
|
07-Aug
|
₹ –
|
₹ –
|
₹ –
|
|
06-Aug
|
₹ –
|
₹ –
|
₹ –
|
|
05-Aug
|
₹ –
|
₹ –
|
₹ –
|
|
04-Aug
|
₹ –
|
₹ –
|
₹ –
|
Promoters – Pre offer equity (Approx)
|
Promoters
|
% Shares
|
|---|---|
|
Carving Futures Pte. Ltd.
|
92.63%
|
|
Nitish Bindlish
|
0.3%
|
|
-
|
-
|
|
-
|
-
|
|
-
|
-
|
|
-
|
-
|
Lot Size details
|
Application Type
|
Lot Size
|
No. of Lot
|
No. of Shares
|
Investment Amount
|
|---|---|---|---|---|
|
Retail (Min)
|
–
|
1
|
–
|
₹ –
|
|
Retail (Max)
|
–
|
13
|
–
|
₹ –
|
|
HNI (Min)
|
–
|
14
|
–
|
₹ –
|
|
HNI (Max)
|
–
|
66
|
–
|
₹ –
|
|
Big HNI (Min)
|
–
|
67
|
–
|
₹ –
|
Key Performance Index (KPI)
|
ROE
|
56.56%
|
|---|---|
|
ROCE
|
7.49%
|
|
RoNW
|
56.56%
|
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