Rays of Belief Ltd

·
₹239.00 Issue Price
2026-09-01 – 2026-09-03
Open Date
2026-09-01
Close Date
2026-09-03
Listing Date
2026-09-08
Allotment Date
2026-09-04
Current Price
₹239.00
High / Low
₹— / ₹—
ROCE
29.74 %
ROE
21.64 %
Face Value
₹10
About
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,…
📍 J-1919, Basement, Chittranjan Park, New Delhi, Delhi, New Delhi, 110019
📞 +91 124 407549
✉️ cs@momsbelief.com

Analysis

Pros

  • ROE of 21.64% indicates good return on equity.
  • ROCE of 29.74% shows efficient capital usage.
  • PAT margin of 6.07%.

Cons

  • Trading at 15.7× book value.

Pros and cons are machine generated. Please exercise caution and do your own analysis.

Subscription Status

Consolidated figures
MetricQIBNII (HNI)RetailTotal
Subscription
Shares Not less than 75% of the Issue size Not more than 15% of the Issue Not more than 10% of the Issue
Bids
▼ Category-wise Detailed Breakdown
CategorySubscriptionOffered Bid SharesAmt (₹ Cr)
QIB - Not less than 75% of the Issue size ₹0.00
NII (HNI) - Not more than 15% of the Issue ₹0.00
Retail - Not more than 10% of the Issue ₹0.00
Market Maker 1.00×
Total - 100 ₹0.00 Cr
Applications: - Total Bid Amount: ₹0.00 Cr

Profit & Loss

Figures in ₹ Crores / Amount in ₹ Crore
Metric 31 Mar 202631 Mar 202531 Mar 2024
Revenue 82.06 36.54 30.76
EBITDA 11.91 3.02 1.49
Profit After Tax 4.96 5.88 0.85
Net Worth 30.81 15.02 5.78
Total Assets 50.89 26.12 12.89
Reserves 15.22 14.70 5.47
Borrowings 3.61 4.36
Sales Growth
3 Years:-62.5%
Latest:30.76 Cr
Profit Growth
3 Years:-82.9%
Latest PAT:0.85 Cr
Return on Equity
ROE:21.64%
ROCE:29.74%

Key Financial Ratios

Profitability
ROE 21.64%
ROCE 29.74%
RONW 21.64%
PAT Margin 6.07%
EBITDA Margin 14.59%
Valuation
Pre EPS 3.16
Post EPS 2.37
Pre P/E 75.63×
Post P/E 100.84×
P/BV 15.67×
Leverage & Growth
Debt / Equity 0.12×
Sales Growth (3yr) -62.5%
Profit Growth (3yr) -82.9%
Latest Revenue 30.76 Cr
Latest PAT 0.85 Cr

Objects of the Issue

1 Company Learning Centres and Company Learning Centres in partnership with Licensed Professionals ₹26.88 Cr
2 School Collaboration Centres ₹5.54 Cr
3 Centre for Excellence and Research ₹2.45 Cr
4 Upskilling Academy ₹2.05 Cr
5 Technology (hardware) costs ₹4.44 Cr
6 Expenditure for lease payments for existing centres in India ₹14.45 Cr
7 Investment in Subsidiary, Moms Belief US Inc., for making lease / license payments for existing centres in the USA ₹10.13 Cr
8 Expenditure for brand awareness and inclusive outreach programs ₹10.21 Cr
9 Funding inorganic growth through unidentified acquisition and General corporate purposes

IPO Schedule & Important Dates

IPO Open
2026-09-01
Upcoming
IPO Close
2026-09-03
Upcoming
Allotment
2026-09-04
Upcoming
Refund
2026-09-07
Upcoming
Demat Credit
2026-09-07
Upcoming
Listing
2026-09-08
Upcoming

Lot Size & Investment Details

RETAIL MIN
₹14,818
1 lot · 62 shares
RETAIL MAX
₹14,818
1 lots · 62 shares
Category Lots Shares Amount (₹)
Retail (Min) 62 62 ₹14,818
Retail (Max) 1 62 ₹14,818
Pre-Issue Holding: 1,56,71,682 shares Post-Issue Holding: 2,09,01,682 shares

Lead Managers & Market Makers

Book Running Lead Managers
Mefcom Capital Markets Ltd

Allotment Status

Allotment Date: 2026-09-04
Registrar: Kfin Technologies Ltd
Check Allotment
040-79615565
robl.ipo@kfintech.com
https://ipostatus.kfintech.com/