Rays of Belief Limited- For Profit Social Enterprise (FPSE)
Rays of Belief Limited- For Profit Social Enterprise (FPSE) was a mainboard initial public offer.
The book was open from 1 September 2026 to 3 September 2026.
The price band was ₹227 to ₹239 a share, and the minimum lot is 62 shares — ₹14,818 at the top of the band.
As of the exchange's 03-Sep-2026 19:00:00 update the book was subscribed 107.7 times the shares on offer, counting bids on NSE and BSE together.
Against their reserved portions: qualified institutional buyers 9.06 times, non-institutional investors 279.11 times and retail investors 195.87 times. Those portions add up to the whole offer; the sub-categories below each one are already counted inside it.
8.76 crore shares were bid at cut-off — applications that accept whatever price the issue is finally set at rather than naming one.
This issue has no ISIN on file, so its listed price history cannot be matched.
- Registrar
- KFin Technologies Limited
- Lead manager
- Mefcom Capital Markets Limited
- Bidding opens1 Sept 2026
- Bidding closes3 Sept 2026
- Basis of allotmentnot published
Not published in the exchange feeds we ingest — we do not estimate it.
- Listingnot published
Investors have bid for 107.71 times the shares on offer. Each category below has its own reserved portion, and those portions add up to the whole offer.
Bids placed on NSE alone, excluding BSE. It is smaller than the 107.71x headline above and the two must never be compared or added together.
Every bid names a price, or accepts whatever the final price turns out to be. This shows how many shares have been bid for at each price or above it — so the bar at the top of the band counts only the bids willing to pay it.
The columns are near-identical because they are: demand falls only 0.07% between ₹227 and ₹239, so almost every bid was willing to pay the top of the band. The axis starts at zero — the flatness is the finding, not a missing scale.
These accept whatever price the issue is finally set at, so they have no place on the price axis and are not in the chart.
How much of the demand falls away between the bottom and the top of the band.
Cumulative shares bid at or above each price in the band, from the exchange's own demand schedule. Bids placed at cut-off carry no price and are counted separately.
We have not extracted an anchor allotment list for this issue.
This issue has no listing date on file, so the ICDR schedule cannot be computed for it.
The "Basis for Offer Price" chapter states the earnings the price was set against and the multiples it implies. We have not extracted it for this issue — several offer documents are served as .zip archives or as scanned pages with no text layer.
We have not extracted this section from the offer document for this issue yet. It is read from the abridged prospectus, and several offer documents are served as .zip archives or as scanned pages with no text layer.
We have not extracted this section from the offer document for this issue yet. It is read from the abridged prospectus, and several offer documents are served as .zip archives or as scanned pages with no text layer.
The peer table is printed in the offer document's "Basis for Offer Price" chapter; we have not extracted it for this issue yet.
| Firm | Issues | Typical listing move | Below issue @30d | @90d | @180d |
|---|---|---|---|---|---|
Mefcom Capital Markets Limited 2025 – 2026 | 5 3 measurable | +20.8% | — | — | — |
| Firm | Issues | Typical listing move | Below issue @30d | @90d | @180d |
|---|---|---|---|---|---|
Kfin Technologies Limited 2021 – 2026 | 120 24 measurable | +7.8% | 8 of 13 | 2 of 5 | 2 of 5 |
A count of what happened to the other issues each firm was named on, computed from exchange closes. Not a rating, not a ranking, and not a view on the firm.
- Red herring prospectus (RHP)· ZIP · exchange archive
- Anchor investor allotment· ZIP · exchange archiveThis document is a scan with no text layer — readable by eye, not by machine.
- Financial ratios advertisement· ZIP · exchange archive
Filed with SEBI and the exchanges by the issuer. These are the source for every figure on this page.
Compiled from NSE and SEBI offer documents and exchange feeds. A description of the issue and of the bids received — not investment advice, and not a view on whether to apply. No grey-market premium, no allotment lookup and no listing-gain estimate is published here.