Rays of Belief Limited- For Profit Social Enterprise (FPSE) IPO
Rays of Belief Limited- For Profit Social Enterprise (FPSE) was a mainboard IPO, offered at ₹227–₹239 per share to raise ₹125 crore. The issue was subscribed 107.71× overall (QIBs 9.06×, NIIs 279.11×, retail 195.87×). It listed on 8 Sep 2026 at ₹239 and closed its first day at ₹228, a listing loss of -4.5% versus the ₹239 issue price. It now trades around ₹245 (+2.6% versus the issue price).
Frequently asked questions
- How many times was the Rays of Belief Limited- For Profit Social Enterprise (FPSE) IPO subscribed?
- The Rays of Belief Limited- For Profit Social Enterprise (FPSE) IPO was subscribed 107.71× overall — 9.06× in the QIB category, 279.11× among non-institutional investors, 195.87× in retail.
- What were the Rays of Belief Limited- For Profit Social Enterprise (FPSE) IPO listing gains?
- Rays of Belief Limited- For Profit Social Enterprise (FPSE) listed on 8 Sep 2026 at ₹239, closing its first day at ₹228 — a listing loss of -4.5% versus the ₹239 issue price.
- What were the retail allotment odds for the Rays of Belief Limited- For Profit Social Enterprise (FPSE) IPO?
- Retail was subscribed 195.87×, so a single-lot application had roughly a 0.5% chance of allotment (about 1 in 196), and allotment was finalised on 4 Sep 2026.
- What was the price band and lot size of the Rays of Belief Limited- For Profit Social Enterprise (FPSE) IPO?
- The price band was ₹227–₹239 per share, with a minimum lot of 62 shares (₹14,818 at the upper band).
- Who were the registrar and lead manager for the Rays of Belief Limited- For Profit Social Enterprise (FPSE) IPO?
- KFin Technologies Limited was the registrar to the issue.