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Rays of Belief IPO opens for subscription today, with the Rs 125-crore issue entirely comprising a fresh issue of 52.30 lakh shares. Priced at Rs 227–239 per share, the IPO has attracted a 20% grey market premium. The company raised Rs 50 crore from anchor investors ahead of the issue, with shares scheduled to list…
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Rays of Belief IPO opens for subscription on 1 September and closes on 3 September, priced between ₹227 and ₹239 per share. With a grey market premium of +48, listing prices may reach ₹287, indicating strong demand amidst mixed expert reviews on profitability and growth risks.