Rays of Belief Limited- For Profit Social Enterprise (FPSE)
Open now1–3 Sep 2026
Updated 2026-09-01 (IST)
DRHP analysis is not available for this issue yet.
Never miss an IPO like this
Every upcoming IPO analysed: subscription, GMP and a DRHP breakdown, in your inbox, free. One email when each one opens.
Rays of Belief Limited- For Profit Social Enterprise (FPSE) IPO: common questions
When does the Rays of Belief Limited- For Profit Social Enterprise (FPSE) IPO open and close?
The Rays of Belief Limited- For Profit Social Enterprise (FPSE) IPO is open from 1 Sep 2026 to 3 Sep 2026.
What is the Rays of Belief Limited- For Profit Social Enterprise (FPSE) IPO price band?
The price band is ₹227–₹239 per share.
How much is the Rays of Belief Limited- For Profit Social Enterprise (FPSE) IPO subscribed?
As of 1 Sep 2026 the total subscription is 0.32×.
When are the Rays of Belief Limited- For Profit Social Enterprise (FPSE) IPO allotment and listing dates?
Not published yet. Derived from the close date on the usual timetable: allotment around 4 Sep 2026, refund/unblock around 7 Sep 2026 and listing around 8 Sep 2026. Treat these as estimates until the exchange confirms them.
How do I apply for the Rays of Belief Limited- For Profit Social Enterprise (FPSE) IPO?
Through any broker app or your bank's net banking, using a demat account and a PAN. You bid in lots at a price inside the band, or at cut-off. The money is blocked in your account, not debited, until allotment. One application per PAN. We do not recommend brokers and carry no broker links. How to apply, start to finish →
Sources & method
Subscription and issue data come from the NSE and BSE exchange feeds, with the third-party aggregator, clearly labelled, where an exchange feed is unreachable. DRHP analysis is extracted from the offer document itself, every figure cited to its page. Each figure on the page carries its source and its timestamp.
Grey-market premium (GMP) is unregulated.
Every GMP figure is a self-reported grey-market estimate. No exchange, regulator or clearing body records or audits it, and there is no settlement guarantee or recourse. Shown for context only; never decide on GMP alone. New to GMP? The 30-second explainer → Has GMP actually been right? →
How often do these actually open above the issue price?
Of the 500 mainboard IPOs that have listed on the NSE since 2003, 357 (71%) opened above their issue price, at a median of +10%. That is the segment's own record, not a forecast for this issue.