IPO Timeline
About Rays of Belief IPO
Rays of Belief Ltd. is a for-profit social enterprise offering personalised intervention plans for children with Neurodevelopmental Disorders (NDDs), including Autism Spectrum Disorder (ASD), ADHD, Down Syndrome, Cerebral Palsy, Intellectual Disability and Learning Disabilities. The company started its first centre in Gurgaon in 2018 and expanded from 71 centres in Fiscal 2023 to 136 centres as of March 31, 2026, under the Mom’s Belief brand. Its centres span 57 cities and 20 states and union territories in India, comprising 42 Tier 1, 77 Tier 2 and 17 Tier 3 centres. The company primarily serves children aged 18 months to 12 years, with specialised programmes for children up to 15 years. Its services include early intervention, parental guidance, occupational therapy, language therapy and family support. Its centres use over 150 teaching tools, while home-based kits provide access to over 2,000 tools. As of March 31, 2026, it had over 340 full-time clinical professionals. In June 2025, the company expanded into the USA through acquisitions, adding three centres in Virginia.
Rays of Belief IPO Subscription Status
| Date | QIB | NII | Retail | Total |
|---|---|---|---|---|
| TBA | 0 | 0 | 0 | 0 |
| TBA | 0 | 0 | 0 | 0 |
Rays of Belief IPO Financial Status
| Particulars (in Rs. Crores) | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 50.89 | 26.12 | 12.89 |
| Total Income | 82.06 | 36.54 | 30.76 |
| Profit After Tax | 4.96 | 5.88 | 0.85 |
| EBITDA | 11.91 | 3.02 | 1.49 |
| Net Worth | 30.81 | 15.02 | 5.78 |
| Reserves and Surplus | 15.22 | 14.70 | 5.47 |
| Total Borrowing | 3.61 | 4.36 |
Rays of Belief IPO SWOT Analysis
Strengths
- Research and Development focused approach and digital adaptability.
- Comprehensive, Multidisciplinary and Client-Focused Care.
- Focus on Accessibility.
- Professional and experienced management team.
Weaknesses
- Investments in leased premises may not be recoverable if leases end or centres relocate.
- Regional revenue concentration could impact the company’s profitability.
- Lease non-renewal could impact the company’s business and performance.
- Service quality issues could affect the company’s reputation and performance.
Frequently Asked Questions
1-What is the issue size of Rays of Belief IPO?
The issue size for Rays of Belief IPO is ₹125 Cr |
2-What is 'pre-apply' for Rays of Belief IPO?
You can apply for the Rays of Belief IPO 2 days before the official subscription period begins using the pre-apply option. |
3- How can I pre-apply for Rays of Belief IPO?
Pre-applying for the Rays of Belief IPO lets you apply before it officially opens. Click on the Apply Now link to apply for Rays of Belief IPO on Religare Broking. |
4-If I pre-apply for Rays of Belief IPO, when will my order get placed?
Your order will be submitted to the exchange as soon as bidding for Rays of Belief begins. You will receive a UPI request within 24 hours after the bidding starts. |
5- When will I know if my Rays of Belief IPO order is placed?
We will notify you when your Rays of Belief order is placed with the exchange. |
6- What are the open and close dates of the Rays of Belief IPO?
The open date is 1 Sep’2026 and the closing date is 3 Sep’2026
7- What is the lot size of the Rays of Belief IPO?
The lot size of the IPO is 62 shares |
8- What is the price band of the Rays of Belief IPO?
The price band of the IPO is ₹227 to ₹239 per share |
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Registrar information
Name
Kfin Technologies Ltd.
Phone number
040-79615565
Email ID
robl.ipo@kfintech.com