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Latest GMP
- Lead Manager
- Mefcom Capital Markets Limited
- IPO Registrar
- KFin Technologies Limited
- IPO Open Date
- 1st Sep 2026
- IPO Close Date
- 3rd Sep 2026
- Allotment date
- 4th Sep 2026
- Listing date
- 8th Sep 2026
- Issue Size
- --
- Issue Price Band
- --
- Lot Size
- --
- Minimum Investment
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Disclaimer: IPO details, GMP, subscription figures, and other related information are for informational purposes only and may not always be accurate or up to date. Please verify the latest details from official sources before investing.
About Rays of Belief Limited
Rays of Belief is a for-profit social enterprise that provides personalized intervention plans for children with Neurodevelopmental Disorders (NDDs) such as Autism, ADHD, Down Syndrome, Cerebral Palsy, Intellectual Disability, Learning Disabilities, and Global Developmental Delay.
Its goal is to improve awareness, access, quality, and affordability of care, while empowering parents to support their child’s development actively.
Network & Reach
It started its first centre in Gurgaon in 2018 and has grown to 136 centres across 57 cities in India as of September 30, 2025, under the brand Mom’s Belief. Most of the centres are located in Tier 2 cities, helping expand access beyond major urban areas.
Services & Impact
Since 2018, the company has served over 56,500 children. These services are designed mainly for children aged 18 months to 12 years, with special programs up to age 15 that focus on vocational and life skills.
The company offers early intervention, occupational therapy, language therapy, parental guidance, and family support. Its centers are equipped with 150+ teaching tools, including sensory equipment, puzzles, and worksheets.
International Expansion
On June 23, 2025, the company acquired Mom's Belief US Inc. as a wholly-owned subsidiary, with 3 centres in Virginia in Salem, Lynchburg, and Roanoke.
Competitive Strengths
- India’s first ranking enterprise in terms of number of centres offering intervention plans for children with NDDs
- Proven track record of delivering organic growth and scalable operations
- Accessibility to convenient and affordable developmental care
- Comprehensive, multidisciplinary, high-quality care and client-focused approach
- Professional and experienced management team
- Research and Development (R&D) focused approach and digital adaptability
IPO Subscription Details
| Category | Shares Offered | Shares Applied | Subscription Times (x) |
|---|
Grey Market Premium (GMP)
| GMP Date | IPO Price | GMP | Estimated Listing Price | Estimated Profit* | Last Updated |
|---|
Financials of Rays of Belief Limited
A quick overview of the key financial performance of Rays of Belief Limited.
Total Assets (₹ Cr)
Revenue (₹ Cr)
Profit after Tax (₹ Cr)
*All values are in Rs. Cr
Company Financials
Revenue increased by 125%, Profit after Tax (PAT) decreased by 16%, Total Assets increased by 95% between FY2025 and FY2026.
| Period Ended | FY2024 | FY2025 | FY2026 |
|---|---|---|---|
| Revenue | 30.76 | 36.54 | 82.06 |
| Assets | 12.89 | 26.12 | 50.89 |
| Total Income | 30.76 | 36.54 | 82.06 |
| Profit After Tax | 0.85 | 5.88 | 4.96 |
| EBITDA | 1.49 | 3.02 | 11.91 |
| Net Worth | 5.78 | 15.02 | 30.81 |
| Reserves & Surplus | 5.47 | 14.70 | 15.22 |
| Total Borrowings | 0.00 | 4.36 | 3.61 |
IPO Lot Size
IPO lot size details are currently unavailable.
Key Performance Indicators (KPI)
| KPI | Latest |
|---|---|
| ROE (%) | 21.64 |
| ROCE (%) | 29.74 |
| Debt / Equity | 0.12 |
| RoNW (%) | 21.64 |
| PAT Margin (%) | 6.07 |
| EBITDA Margin (%) | 14.59 |
|
Pre IPO
Post IPO
|
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| EPS (₹) |
3.21
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| P/E (x) |
-
-
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| Promoter Holding (%) |
91.72
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IPO Lead Manager(s)
Lead Manager Details
- Mefcom Capital Markets Limited
- Contact Person: Akhil Mohod/ Mukta Shirke
- SEBI Registration Number: INM000000016
- Investor Grievance Email: investor.grievance@mefcom.in
- Website: https://www.mefcomcap.in
- Email: robl.ipo@mefcomcap.in
- Phone: +91 22 35227026
- Address: G-III, Ground Floor, Dalamal House, Jamnalal Bajaj Marg, Nariman Point, Mumbai 400021
IPO Registrar
- Registrar Name
- KFin Technologies Limited
- einward.ris@kfintech.com
- Phone
- +91 49 6716 2222
- Contact Person
- M. Murali Krishna
- SEBI Registration Number
- INR000000221
- Address
- Selenium, Tower B, Plot 31 & 32, Gachibowli, Financial District, Nanakramguda, Serilingampally, Hyderabad 500032, Telangana, India
- Website
- https://www.kfintech.com/
Company Contact Details
- Company Name
- Rays of Belief Limited
- cs@momsbelief.com
- Phone
- +91 124 4075498
- Contact Person
- Mayank Bhargava
- Corporate Identity Number
- U85110DL2017PLC322623
- Address
- J-1919, Basement, Chittranjan Park, New Delhi, India - 110 019
- Website
- https://www.momsbelief.com/
Rays of Belief Limited FAQs
