Rays of Belief Limited
Key dates
Issue reservation
₹125 CrLot ladder — how much to bid
1 lot = 62 sharesIssue details
Particulars | FY26 | FY25 | FY24 |
Assets | 50.89 | 26.12 | 12.89 |
Total Income | 82.06 | 36.54 | 30.76 |
PAT | 4.96 | 5.88 | 0.85 |
Net Worth | 30.81 | 15.02 | 5.78 |
Reserves & Surplus | 15.22 | 14.7 | 5.47 |
Total Borrowings | 3.61 | 4.36 | — |
Centre Expansion: ₹41.36 Cr for fit-outs, therapy equipment and technology.
International Expansion: ₹10.13 Cr for scaling US operations.
Brand & Outreach: ₹10.21 Cr for marketing and NDD awareness.
Corporate Purposes: Working capital, leases and general expenses.
Incorporated in 2017, Rays of Belief Ltd. is a for-profit social enterprise providing personalised intervention plans for children with Neurodevelopmental Disorders (NDDs), including Autism, ADHD, Down Syndrome, Cerebral Palsy, Intellectual and Learning Disabilities, and developmental delays.
The Company launched its first centre in Gurgaon in 2018 and has expanded from 71 centres in FY2023 to 136 centres across 57 cities and 20 states and union territories as of March 31, 2026, under the Mom’s Belief brand. Its network includes 42 Tier 1, 77 Tier 2 and 17 Tier 3 centres, with a strong focus on underserved and semi-urban markets.
Its multidisciplinary services include early intervention, occupational and language therapy, parental guidance and family support, primarily serving children aged 18 months to 12 years. The Company had 340+ full-time clinical professionals as of March 31, 2026.
In June 2025, Rays of Belief acquired Mom’s Belief US, Inc. and Allergy and Immunology Virginia, LLC, adding three centres in Virginia—Salem, Lynchburg and Roanoke.
Company strengths
Market Reach: 136 centres across 57 cities.
Strong Growth: Rising revenue and improving EBITDA margins.
Integrated Care: Comprehensive therapy and early intervention.
Asset-Light Model: Lease-based expansion with lower capital needs.
Promoters
Registered office & contact
Rays of Belief Limited
Address - J-1919, Basement,
Chittranjan Park,
Delhi, New Delhi, 110019
📞 +91 124 407549
✉️ cs@momsbelief.com
What is the minimum investment in the Rays of Belief Limited IPO?
One lot of 62 shares — ₹14,818 at the upper price band of ₹239.
How many bids can I place?
Up to 3 bids per application. Retail applications are capped at ₹2,00,000; above that you must apply in the HNI category.
When are the funds debited?
Funds are blocked via a UPI mandate at application and debited only on allotment. If shares are not allotted, the block is released automatically.
When will the shares list?
Tentative listing on 2026-09-08 on NSE / BSE.