Rays of Belief Limited- For Profit Social Enterprise (FPSE) is a mainboard IPO on NSE, currently open. The price band is ₹227 – ₹239 per share in lots of 62 shares. The minimum retail application is 1 lot (62 shares) for about ₹14,818. Bidding runs 1 Sep 2026 to 3 Sep 2026 (5 PM IST close). Allotment is expected on 4 Sep 2026 and listing on 8 Sep 2026. The current grey market premium (GMP) is +₹38 (15.9% over the upper band) — an unofficial, unregulated figure, not a forecast. It is subscribed 1.92x overall.
Grey market premium
GMP-implied gross: +₹2,356/lot · +₹2,356 at min 1 lot
Subscribed
1.92x
Closes
…
3 Sep 2026 (today)
Rays of Belief Limited
AI overview — unverified, not investment advice.
Tue, 1 Sep
2026
Thu, 3 Sep
2026
Fri, 4 Sep
2026
Mon, 7 Sep
2026
Tue, 8 Sep
2026
62 shares
₹14,818
amount to block
GMP-implied gross gain
+₹2,356
at GMP ₹38
Per lot
+₹2,356
Gross figure only — your actual return depends on the real listing price (which can differ a lot from GMP), your tax on short-term gains, and your broker's charges. None of that is included here, and this is not investment advice.
Allotment expected 4 Sep 2026 (tomorrow) · lists 8 Sep 2026
Where this data comes from
Aggregated 1 min ago. GMP is from the 3 sources below.
Grey Market Premium (GMP) is an unofficial, unregulated and speculative number reported by third-party websites. It is not an official price, not a guarantee of listing performance, and not investment advice. Platform is an information aggregator — not a SEBI-registered investment adviser or research analyst, and it gives no buy/sell/apply recommendations. Subscription and date figures can lag the exchanges. Always confirm with NSE, BSE and the offer document before making any decision.
Source: ipowatch. Retail is ~10.45x subscribed, so roughly a 9.6% chance per application at 1 lot (lottery). Applying at more than 1 lot does not improve the per-application odds.
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