Rays of Belief Ltd IPO Day 1 Subscriptions details: check bidding details

Rays of Belief Ltd IPO day 1 subscription details:

The initial public offering of Rays of Belief Ltd ended the first day with investors bidding 0.52 the available shares on offer worth 125.00. The retail investor portion of the IPO was subscribed 2.87 times the available shares on offer. Retail investors have 16.67% of the total issue reserved for them.

At the end of bidding on day 1, the qualified institutional buyers' (QIB) portion of the 0.05% got bids for 0.00 times the available shares on offer. The QIB portion includes insurance companies, domestic mutual funds, foreign institutional buyers, and other institutional investors.

The non-institutional investors quota got bids for 0.15 times the available quota of shares. This segment includes HNI and ultra HNI investors.

Here's a snapshot of the subscription details:

Rays of Belief Ltd IPO details :

Rays of Belief Ltd's IPO consists of a fresh issue of ₹125.00. The IPO’s price band is ₹227 – ₹239 per share. The company’s shares will be listed on BSE, NSE on 08 Sep 26.

Here are the key details of Rays of Belief Ltd IPO

Offer for sale: 0.00 shares

Fresh issue: 125.00

Price Band: ₹227 – ₹239 per share

Bid open dates: 01 Sep 26

Allotment date: 04 Sep 26

Listing date: 08 Sep 26

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