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Attention Investors
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  Rays of Belief Ltd
Registered Office: J-1919 Basement Chittranjan-,Park , New Delhi - 110019 , New Delhi , India.
Phone : +91 124 4075 498   Fax:
Email :  cs@momsbelief.com  
Website :  www.momsbelief.com
Initial public offering of 5,230,000 equity shares of face value of rupee10 each ("Equity Shares") of Rays of Belief Limited ("the Company" or the "Issuer") for cash at a price of rupee239 per equity share ("Issue Price") aggregating rupee125 Crores (the "Issue"). The issue comprises of a fresh issue of 5,230,000 equity shares by the company aggregating rupee125 Crores (the "Fresh Issue"). The issue shall constitute 25.02% of the post issue paid-up equity share capital of the company. The company, in consultation with the brlm, has undertaken a private placement of equity shares, as permitted under applicable law, aggregating to rupee5.90 Crores ("Pre-Ipo Placements"). The pre-ipo placements were made at a price of rupee284 per equity share (including the premium of rupee274 per equity share), and rupee290 per equity share (including the premium of rupee280 per equity share) bearing face value rupee10 each, by way of a private placement in accordance with section 42 and section 62 of the companies act, 2013 and rule 14 of the companies (prospectus and allotment of securities) rules, 2014, and the companies (share capital and debentures) rules, 2014, each as amended. The pre-ipo placements have been undertaken pursuant to the approval of the board dated February 13, 2026, March 18, 2026 and April 29, 2026, and shareholders dated February 14, 2026, March 19, 2026 and April 30, 2026, respectively, and the allotment of the said equity share was made pursuant to board resolution dated March 03, 2026, March 24, 2026, and May 27, 2026, respectively. The amount raised pursuant to the pre-ipo placements was reduced from the fresh issue and the revised size of the fresh issue is upto 5,230,000 equity shares bearing face value of rupee10 each aggregating up to rupee125 Crores. The pre-ipo placements did not exceed 20% of the size of the fresh issue, as disclosed in the udrhp-i. The company has appropriately intimated the subscribers to the pre-ipo placements, prior to allotment that there is no guarantee that the company may proceed with the issue or the issue may be successful and will result into listing of the equity shares on the stock exchanges. Further, relevant disclosures in relation to the pre-ipo have been appropriately made in the relevant sections of this red herring prospectus and prospectus. Price Band: rupee239 per equity share of face value of rupee10 each. The floor price is 23.90 times of the face value of the equity shares. Bids can be made for a minimum of 62 equity shares of face value of rupee10 each and in multiples of 62 equity shares of face value of rupee10 each thereafter.

Issue Money Payable On
Opens On Closes On Application Allotment
01-Sep-26 03-Sep-26 Rs239.00-0.00 Rs0.00-0.00
Minimum Application for shares in Nos :62  Further Multiples of :62

  RsCr Lead Managers to the Issue
Project Cost 114.69
Mefcom Capital Markets Limited
Project Financed through Current Offer 125.00  
Post Issue Equity Share Capital 20.90  
Issue Price Rs239.00  
 
Projects
 Funding capital expenditure towards establishment of new centres on leased premises (tenure of 11 months - 3 years) and associated technology (hardware) costs: Expenditure for brand awareness and inclusive outreach programs
 Expenditure for lease payments for the existing centres in India General corporate purposes
 Investment in the company Subsidiary, Mom's Belief US Inc., for making lease / license payments for our existing centres in the USA
Promoted By
 Nitin Bindlish
 Carving Futures Pte. Ltd.
 Vijay Kumar Bindlish
Listing At
 BSE 
 NSE 
Registrar to the Issue
 KFin Techologies Ltd