Rays of Belief IPO
Market Sentiment
IPO Details
IPO Reservation
Financial Analysis
| Metric | 2024 | 2025 | 2026 |
|---|---|---|---|
| Revenue | 30.76 | 36.54 | 82.06 |
| Expense | 30.66 | 36.19 | 75.16 |
| Profit (PAT) | 0.85 | 5.88 | 4.96 |
| Total Assets | 12.89 | 26.12 | 50.89 |
Promoters: Nitin Bindlish and Carving Futures Pte.Ltd
Strengths & Risks
- Revenue grew 125% in the latest reported year.
- Strong return on equity — 22%.
Risk signals for Rays of Belief will appear here as subscription, valuation and GMP data arrive. Always read the company-specific risk factors in the RHP before you apply.
Compiled from this issue's live GMP, subscription, valuation and financial data, and updated as those figures change. Informational only — not investment advice. Always read the RHP before applying.
Company Information
Rays of Belief, started in 2017, is a for-profit social enterprise that offers customized intervention programs for children with Neurodevelopmental Disorders (NDDs). The conditions they help with are Autism Spectrum Disorder (ASD), ADHD, Down Syndrome, Cerebral Palsy, Intellectual Disability, Learning Disabilities, and Global Developmental Delays. The company serves children between the ages of 18 months and 12 years, while also offering specialised programs for children up to 15 years, which teach vocational and life skills to help them become more independent. Its services include early intervention, Parental guidance, Occupational therapy, Language therapy, and family support programs. Furthermore, the company has a large range of learning resources, including 150+ teaching tools at centres, 2,000+ tools for home learning, Regular follow-ups, Progress monitoring, and 340+ clinical professionals.
| Purpose | Amount (Cr) |
|---|---|
| Company Learning Centres and Company Learning Centres in partnership with Licensed Professionals | 26.88 |
| School Collaboration Centres | 5.54 |
| Centre for Excellence and Research | 2.45 |
| Upskilling Academy | 2.05 |
| Technology (hardware) costs | 4.44 |
| Expenditure for lease payments for existing centres in India | 14.45 |
| Investment in Subsidiary, Moms Belief US Inc., for making lease / license payments for existing centres in the USA | 10.13 |
| Expenditure for brand awareness and inclusive outreach programs | 10.21 |
| Funding inorganic growth through unidentified acquisition and General corporate purposes | - |
Resources & Documents
Rays of Belief Ltd., J-1919, Basement,, Chittranjan Park, New Delhi,, Delhi, New Delhi, 110019
Rays of Belief is preparing a mainboard offering. The Mainboard issue is scheduled to open for subscription on September 01, 2026 — 11 days from now.
Rays of Belief, started in 2017, is a for-profit social enterprise that offers customized intervention programs for children with Neurodevelopmental Disorders (NDDs). The conditions they help with are Autism Spectrum Disorder (ASD), ADHD, Down Syndrome, Cerebral Palsy, Intellectual Disability, Learning Disabilities, and Global Developmental Delays.
The issue is promoted by Nitin Bindlish and Carving Futures Pte.Ltd with Mefcom Capital Markets Ltd. acting as lead manager. Net proceeds will primarily be used towards Company Learning Centres and Company Learning Centres in partnership with Licensed Professionals (Rs 27 crore) and School Collaboration Centres (Rs 6 crore).
On fundamentals, the company is posting revenue growth of 124.6%, a profit margin of 6.0%, return on equity of 21.6% in its most recent reported period.
All figures below — GMP history, subscription tiers, financials and peers — are aggregated from public disclosures. Always apply through your own broker after reading the RHP.
Rays of Belief IPO GMP — What It Means
No active grey market premium has been recorded for Rays of Belief IPO yet. GMP is an unofficial, dealer-quoted indicator of expected listing-day demand — not a guaranteed listing price — and it can change quickly once bidding opens.
See the full Rays of Belief GMP history and trend, or learn how grey market premium works and how reliable it is.
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