Rays of Belief IPO Final Subscription at 107.28x
5paisa Capital Ltd
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Last Updated: 3rd September 2026 - 05:01 pm
Rays of Belief IPO was subscribed 3.63 times by 5:06 PM on Day 2, September 2, 2026. The public issue saw stronger participation compared to Day 1, with retail investors continuing to lead the bidding activity.
Retail Investors led the subscription on the second day, with their reserved portion subscribed 18.67 times. The Non-Institutional Investors (NII) category was subscribed 2.07 times, while the Qualified Institutional Buyers (QIB) portion stood at 0.01 times.
Invest in Indian Markets and Unlock Future Potential With 5paisa!Subscription Status of Rays of Belief IPO
| Date | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Day 1 (September 1) | 0.00 | 0.39 | 6.51 | 1.18 |
| Day 2 (September 2) | 0.01 | 2.07 | 18.67 | 3.63 |
| Day 3 (September 3) | 9.06 | 278.97 | 193.47 | 107.28 |
Here are the subscription details for Rays of Belief IPO Day 3, as of 5:06 PM:
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total |
|---|---|---|---|---|
| Anchor | 1 | 20,92,190 | 20,92,190 | 50.003 |
| QIB | 9.06 | 18,30,310 | 1,65,76,630 | 396.18 |
| NII | 278.97 | 7,84,500 | 21,88,55,288 | 5,230.64 |
| Retail | 193.47 | 5,23,000 | 10,11,85,240 | 2,418.33 |
| Total | 107.28 | 31,37,810 |
33,66,17,158 |
8,045.15 |
Key Highlights – Day 3
- Rays of Belief IPO was subscribed 107.28 times overall by 5:06 PM on Day 3.
- The NII portion led demand with 278.97 times subscription.
- The retail investor portion was subscribed 193.47 times.
- The QIB category recorded 9.06 times subscription.
Key Highlights – Day 2
- Rays of Belief IPO was subscribed 3.63 times overall by Day 2.
- Retail investors led the bidding at 18.67 times.
- The NII portion was subscribed 2.07 times.
- The QIB category recorded 0.01 times subscription.
Key Highlights – Day 1
- Rays of Belief IPO was subscribed 1.18 times overall by 5:06 PM on Day 1.
- The retail investor portion was subscribed 6.51 times, recording the highest subscription among the main investor categories.
- The NII portion received 0.39 times subscription.
- The QIB category stood at 0.00 times subscription on a rounded basis.
About Rays of Belief
Incorporated in 2017, Rays of Belief Ltd. is a for-profit social enterprise providing personalised intervention plans for children with Neurodevelopmental Disorders (NDDs), including Autism Spectrum Disorder (ASD), ADHD, Down Syndrome, Cerebral Palsy, Intellectual Disability, Learning Disabilities and Global Developmental Delays.
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