Rays of Belief, which operates under the brand name Mom’s Belief, has filed its Red Herring Prospectus with Sebi for an initial public offering. The IPO will comprise a fresh issue of up to 52.30 lakh equity shares. There will be no offer-for-sale component, meaning the entire issue will raise fresh capital for the company, with no shares being sold by existing shareholders.
Rays of Belief is a for-profit social enterprise that provides personalised intervention plans for children with neurodevelopmental disorders, including Autism Spectrum Disorder, ADHD, Down Syndrome, Cerebral Palsy, Intellectual Disability, Learning Disabilities and Global Developmental Delays.
