Rays of Belief Limited- For Profit Social Enterprise (FPSE) IPO GMP
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Rays of Belief Limited- For Profit Social Enterprise (FPSE) IPO Details
Rays of Belief Limited- For Profit Social Enterprise (FPSE) Financials ₹ in crore
| ₹ crore | 2024 | 2025 | 2026 |
|---|---|---|---|
| Revenue | ₹30.61 | ₹36.42 | ₹81.66 |
| Expenses | — | — | — |
| Net profit (PAT) | ₹0.85 | ₹5.88 | ₹4.96 |
| PAT margin | 2.8% | 16.1% | 6.1% |
| Total assets | ₹12.89 | ₹26.12 | ₹50.89 |
Rays of Belief Limited- For Profit Social Enterprise (FPSE) Shareholding before & after the IPO
The founding owners and their group entities.
The post-issue ring is the register this issue’s RHP discloses. Pre-issue register from the RHP capital structure, cross-checked against exchange data. Pre-issue percentages are taken from the disclosure, never estimated.
Rays of Belief Limited- For Profit Social Enterprise (FPSE) IPO Lot Size & Minimum Investment by investor category
| Application | Shares | Amount at ₹239 |
|---|---|---|
| Retail (min)1 lot | 62 | ₹14,818 |
| Retail (max)13 lots | 806 | ₹1,92,634 |
| sHNI (min)14 lots | 868 | ₹2,07,452 |
| bHNI (min)68 lots | 4,216 | ₹10,07,624 |
One lot is 62 shares, so a single application at the ₹239 cut-off costs ₹14,818. Retail applications are capped at ₹2,00,000, which is 13 lots for this issue. Amounts are shown at the upper band because applications are made at the cut-off price.
Rays of Belief Limited- For Profit Social Enterprise (FPSE) IPO Strengths & Risks as disclosed in the DRHP
How to check Rays of Belief Limited- For Profit Social Enterprise (FPSE) IPO allotment status
Allotment is decided and published by the issue’s registrar, not by the exchange and not by alphave. For Rays of Belief Limited- For Profit Social Enterprise (FPSE), the registrar is Kfin Technologies Limited — allotment is finalised in the days between the issue closing on 03 Sept 2026 and listing on 08 Sept 2026.
Allotment and refund dates follow SEBI’s T+3 listing timeline in trading days and are tentative until the registrar and the exchange confirm them. alphave does not hold allotment results — only the registrar can show whether an application was allotted.
The registrar publishes allotment on its own portal: KFintech. Your bank will also show the blocked amount released if shares were not allotted.
Rays of Belief Limited- For Profit Social Enterprise (FPSE) IPO GMP FAQs
What is Rays of Belief Limited- For Profit Social Enterprise (FPSE) IPO GMP today?
No current grey market premium reading is being quoted for the Rays of Belief Limited- For Profit Social Enterprise (FPSE) IPO — the issue has listed and the grey market stops quoting once shares trade on the exchange. The day-wise history on this page shows every reading we recorded. GMP is an unofficial, unregulated datapoint reported by third parties — not a price, a prediction, or investment advice.
Is Rays of Belief Limited- For Profit Social Enterprise (FPSE) IPO GMP a guarantee of the listing price?
No. The grey market is an informal, over-the-counter market between private dealers that is not operated or supervised by NSE, BSE or SEBI. No trade settles through a clearing corporation and no dealer is obliged to honour a quote, so the premium can change sharply within a day or disappear after bidding closes.
How often is Rays of Belief Limited- For Profit Social Enterprise (FPSE) IPO GMP updated on alphave?
Readings are collected about once an hour from third-party grey-market reporters while the issue is open, and each reading is timestamped. The history table shows one row per day, with the number of readings behind it.
Rays of Belief Limited- For Profit Social Enterprise (FPSE) IPO Registrar where allotment and refund queries go
The registrar processes the allotment and the refunds. Contact details are as printed in the offer document; the exchange and your broker cannot change an allotment.
How to Apply for the Rays of Belief Limited- For Profit Social Enterprise (FPSE) IPO ASBA and UPI, as SEBI sets them
- Apply through your broker’s IPO window or your bank’s net banking (ASBA). The money stays in your own account and is only blocked until allotment.
- Choose the number of lots and bid at the cut-off price. Retail applications are capped at ₹2,00,000; above that the bid moves to the non-institutional category.
- If you applied through a broker, approve the UPI mandate in your payment app. The mandate must be approved by 5 pm on the day after your bid, and by 5 pm on the closing day for bids made on the last day (03 Sept 2026).
- One application per PAN. A second application under the same PAN is rejected, and both may be.
- After allotment the blocked amount is released for shares not allotted. Allotment and refund queries go to the registrar, Kfin Technologies Limited, not to the exchange or the broker.
What is GMP in an IPO?
Grey Market Premium is the price at which an unlisted IPO application or share changes hands informally, before the stock is listed on the exchange. It is quoted as a rupee figure over the issue price: a premium of ₹15 on a ₹239 upper band means the grey market is dealing at ₹254.
The grey market is an over-the-counter market between private dealers. It is not operated or supervised by NSE, BSE or SEBI, no trade is settled through a clearing corporation, and no dealer is obliged to publish or honour a quote. Figures are collected by third-party reporters and different sources routinely disagree, which is why a premium can move sharply within a day or vanish entirely once bidding closes.
Grey Market Premium is an unofficial, unregulated over-the-counter datapoint reported by third parties. It is not a price, a forecast, or an indication of listing gains, and is not investment advice.