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The Economic Times
The Economic Times
Debaroti Adhikary

Rays of Belief IPO subscribed 107x on Day 3, as GMP rises to 20%

Rays of Belief IPO NII

The Rs 125-crore IPO of Rays of Belief was subscribed 1,07.71 times by the final day of bidding, with investors placing bids for around 33.79 crore shares against the issue size of 31.38 lakh shares, according to NSE data.

The grey market trends for Rays of Belief IPO indicated a strong listing for the for-profit social enterprise.

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