FinanceRecent
Rays of Belief IPO opens today: GMP at 20%; Check price band, lot size and key details
Economic Times — Markets✓
Original Reporting
AI EXECUTIVE SUMMARY
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 on September 8.
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 on September 8.
This story was originally reported by Economic Times — Markets. As an automated real-time news aggregator, NewsToolBar provides multi-perspective indexing and AI summarization while directing full readership directly to primary publisher sources.
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