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The Economic Times

Business

Ritesh Presswala

Rays of Belief shares make flat market debut, list at IPO price of Rs 239

Rays of Belief GMP BSE NSE IPO

Shares of Rays of Belief Ltd made a flat debut on September 8, listing at Rs 239 apiece on NSE and BSE, in line with the upper end of its IPO price band.

The Rs 125 crore IPO was priced at Rs 239 per share and comprised entirely a fresh issue of 52.30 lakh shares. Ahead of the public issue, the company raised Rs 50 crore from anchor investors, with the anchor bidding process taking place on August 31, 2026.

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