Rays of Belief IPO Allotment Status
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Rays of Belief IPO — Allotment & Listing Timeline
- IPO Open 01 Sept 2026
- IPO Close 03 Sept 2026
- Basis of Allotment 04 Sept 2026
- Refund Initiation 07 Sept 2026
- Listing Date 08 Sept 2026
Rays of Belief IPO — Subscription & Allotment Odds
Based on the latest subscription figures for Rays of Belief IPO (overall 107.62x subscribed). The more a category is oversubscribed, the lower each applicant's chance of allotment.
In the Retail category, about 6 in 1,000 applicants would get an allotment in Rays of Belief IPO. Winners are picked by draw of lots and each gets 62 shares (one lot), so applying for more than the minimum does not improve retail odds.
How Many Rays of Belief Retail Applicants Get Shares
Rays of Belief set aside 5,23,000 shares for retail investors. Each successful applicant receives 62 shares (one lot), so the retail quota can serve at most 8,435 applicants. With retail subscribed 195.37x, that points to roughly 14,45,567 retail applications competing for those allotments.
Estimate from the prospectus reservation and the final subscription; the registrar's Basis of Allotment has the exact count.
Rays of Belief IPO Subscription, Day by Day
Times subscribed at the close of each bidding day.
| Day | Retail | NII | QIB | Total |
|---|---|---|---|---|
| Day 1 | 6.51x | 0.39x | 0.00x | 1.18x |
| Day 2 | 18.56x | 2.06x | 0.01x | 3.61x |
| Day 3 | 195.37x | 279.09x | 9.06x | 107.62x |
Retail demand grew from 6.51x on day 1 to 195.37x by day 3 — 30.0x over the bidding window.
Rays of Belief Retail Odds vs Earlier Mainboard IPOs
At about 0.58%, the estimated retail odds for Rays of Belief were lower than all of the 10 mainboard IPOs before it .
Median across those 10 issues: 3.8%. Best odds: Purple Style Labs (69.1%, retail 1.65x); lowest: Hy-Tech Engineers (0.65%, retail 175.03x).
What Rays of Belief Allottees Made on Listing Day
Rays of Belief listed at ₹239.00 (+0.00% on the issue price). An applicant allotted 62 shares (one lot) broke even at the listing price, before charges. The last grey market premium we recorded (₹15 on 07 Sept) pointed to about ₹254; the actual listing was ₹15 lower.
Checking Rays of Belief Allotment
Enter the PAN you applied with in the box above; the check goes to Kfin Technologies Ltd., the registrar for Rays of Belief IPO, which finalised the allotment on 04 Sept 2026.
How the draw of lots works is the same for every issue — see IPO Allotment Process Explained. See all recent IPO allotment results. Last updated: 04 Sept 2026, 08:11 pm IST.