Rays of Belief, the parent company of Mom's Belief, has set its initial public offering (IPO) price band between ₹227 and ₹239 per equity share. The IPO will open for subscription on September 1 and close on September 3, 2026. The offer includes up to 52.30 lakh equity shares aimed at expanding neurodevelopmental care services across India, according to livemint.com.
The company announced the price band and key dates for the IPO on August 24, 2026. Investors will have a three-day window to subscribe to the shares, which carry a face value of ₹10 each. The funds raised through this public offering are intended to support the company’s growth plans in the neurodevelopmental healthcare sector, as detailed by livemint.com.
The IPO comes at a time when healthcare startups focusing on neurodevelopmental services are gaining traction in India. Comparable listings in the healthcare segment have attracted investor interest due to rising awareness and demand for specialized care. Rays of Belief’s move to go public aligns with sector trends where companies are leveraging capital markets to scale operations and enhance service reach, livemint.com reports.
Subscription for the Rays of Belief IPO will begin on September 1 and close on September 3, 2026. The company aims to use the proceeds to expand its neurodevelopmental care services nationwide, marking a significant step in its growth trajectory, according to livemint.com.