Fin Cascade

Prices as of 8 Oct 2026 close · Not investment advice

IPO & buybacks › IPO

Rays of Belief Limited- For Profit Social Enterprise (FPSE)

mainboard · NSE,BSE · closed

The issue

Price band, size and dates.

Price band

₹227.00 – ₹239.00

Issue size

₹75 Cr

Lot size

62

Listing

2026-09-08

Opens

2026-09-01

Closes

2026-09-03

What the money is for: Fresh Issue proceeds fund capital expenditure for setting up new centres on leased premises (company, licensed-professional partnership and school collaboration) and associated technology hardware costs.

Registrar: KFin Technologies Limited · Lead managers: Mefcom Capital Markets

Offer document (RHP)

Subscription

How many times each category of buyer applied for the shares on offer.

bnii

303.82×

nii

279.11×

overall

107.71×

qib

9.06×

retail

195.87×

snii

229.70×

Key figures

From the offer document.

anchor cr

50.00

ebitda margin pct

14.59

eps

2.37

market cap cr

499.55

nav per share

15.67

net worth cr

24.42

pat cr

4.96

pat growth pct

-15.68

pat margin pct

6.07

pb ratio

15.25

pe post

100.72

pe pre

74.45

revenue cr

81.66

revenue growth pct

124.23

roe pct

21.64

ronw pct

21.64

Is it cheap or expensive?PRO

Its price compared with listed peers.