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Rays of Belief IPO Allotment Status: Check KFin Technologies, BSE, NSE & Listing Date

· · 3 min read

Rays of Belief IPO allotment status is finalized today, September 4. Investors can check their share application status on KFin Technologies, BSE, or NSE. The company's shares are set to list on September 8.

The allotment status for the Rays of Belief IPO, the parent company of Mom's Belief, has been finalized on Friday, September 4. Investors who participated in the initial public offering, which was open for subscription from September 1 to September 3, can now verify the status of their applications.

The IPO was offered in a price band of Rs 227-239 per equity share, with a lot size of 62 shares. The company successfully raised Rs 125 crore through the issue. The IPO saw robust demand, with an overall subscription of 107.71 times, attracting over 15.56 lakh applications and bids totaling approximately Rs 8,100 crore.

Individual subscription figures showed the non-institutional investors (NIIs) portion subscribed 279.11 times, while the retail investor portion was subscribed 195.87 times. Qualified institutional bidders (QIBs) saw a subscription of 9.06 times.

Following the conclusion of the bidding period, the grey market premium (GMP) for Mom's Belief IPO has adjusted. Latest reports indicate a GMP of Rs 12-15 per share, suggesting a potential muted listing gain of 5-6% for investors, down from Rs 42-48 during the bidding period.

How to Check Rays of Belief IPO Allotment Status

Applicants can check their allotment status through the registrar, KFin Technologies Ltd, or on the websites of the BSE and NSE.

On KFin Technologies Website:

  1. Visit the official KFin Technologies Ltd IPO allotment portal.
  2. Select 'Rays of Belief' from the dropdown menu (this option will appear once allotment is finalized).
  3. Choose one of three modes to check: Application Number, Demat Account Number, or PAN ID.
  4. Select your application type (ASBA or Non-ASBA).
  5. Enter the required details based on your chosen mode.
  6. Complete the security captcha.
  7. Click 'Submit' to view your allotment status.

On BSE Website:

  1. Go to the BSE IPO allotment status page.
  2. Under 'Issue Type', select 'Equity'.
  3. From the 'Issue Name' dropdown, choose 'Rays of Belief Limited'.
  4. Enter your application number.
  5. Input your PAN card ID.
  6. Check the 'I am not a Robot' box and click 'Search'.

On NSE Website:

  1. Navigate to the NSE IPO allotment page.
  2. Select 'Equity & SME IPO Bid details'.
  3. Under 'Select Symbol', choose 'MOMSBELIEF'.
  4. Enter your PAN Number and Application Number.
  5. Click 'Submit' to proceed.

Refunds for unsuccessful bidders are expected to be processed on Monday, September 7. The shares of Rays of Belief are scheduled to be listed on both BSE Ltd and NSE on Tuesday, September 8.

Mefcom Capital Markets served as the sole book-running lead manager for the Rays of Belief IPO, with KFin Technologies Ltd acting as the official registrar for the issue.

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