Rays of Belief IPO GMP Today
Expected Gain: 18.83%
Rays of Belief IPO GMP Today, 1 September 2026
Rays of Belief IPO GMP today is ₹45. The latest grey market premium is reported at ₹45 on 1 September 2026.
Rays of Belief IPO has a price band of ₹227 to ₹239 per share. Based on the upper price band of ₹239 and the current GMP of ₹45, the estimated listing price is ₹284 per share.
At the current GMP, the estimated listing gain is approximately 18.83% over the IPO upper price of ₹239.
Compared with the previous GMP of ₹48 on 31 August 2026, the latest GMP has decreased by ₹3 per share.
The Rays of Belief IPO is scheduled to open for subscription on 1 September 2026 and close on 3 September 2026. The shares are proposed to list on the BSE and NSE on 8 September 2026.
The GMP is an unofficial indicator of grey-market sentiment. It can change before the IPO listing and should not be considered a guarantee of the actual listing price.
Rays of Belief IPO Expected Listing Price
IPO Upper Price Band: ₹239
Latest GMP: ₹45
Therefore, the current GMP indicates an estimated listing price of ₹284 per share.
Estimated gain over the upper IPO price: 18.83%
Rays of Belief IPO GMP Trend
Rays of Belief IPO GMP is currently reported at ₹45 as of 1 September 2026.
The previous GMP was reported at ₹48 on 31 August 2026. The latest GMP therefore declined by ₹3 per share.
Earlier reported GMP levels included ₹35 on 30 August, ₹26 on 29 August, ₹29 on 28 August, ₹10 on 27 August and ₹18 on 26 August 2026.
| GMP Date | IPO Price | GMP | Estimated Listing | Estimated Gain | Estimated Profit/Lot | Status |
|---|---|---|---|---|---|---|
|
01-Sep-2026
Latest |
₹239 | ₹45 ▼ | ₹284 | 18.83% | ₹2,790 | Latest GMP |
| 31-Aug-2026 | ₹239 | ₹48 | ₹287 | 20.08% | ₹2,976 | Previous GMP |
| 30-Aug-2026 | ₹239 | ₹35 | ₹274 | 14.64% | ₹2,170 | Reported GMP |
| 29-Aug-2026 | ₹239 | ₹26 | ₹265 | 10.88% | ₹1,612 | Reported GMP |
| 28-Aug-2026 | ₹239 | ₹29 | ₹268 | 12.13% | ₹1,798 | Reported GMP |
| 27-Aug-2026 | ₹239 | ₹10 | ₹249 | 4.18% | ₹620 | Reported GMP |
| 26-Aug-2026 | ₹239 | ₹18 | ₹257 | 7.53% | ₹1,116 | Reported GMP |
* Estimated listing price is calculated using the IPO upper price band plus the reported GMP. Estimated profit per lot is calculated using GMP × lot size. ₹45 × 62 shares = ₹2,790. GMP-based estimates are indicative and may differ from the actual listing price.
Rays of Belief IPO Details
| IPO Name | Rays of Belief IPO |
| Company | Rays of Belief Limited |
| IPO Type | Book Building Issue |
| Issue Type | Fresh Issue |
| Exchange | BSE, NSE |
| Open Date | 1 September 2026 |
| Close Date | 3 September 2026 |
| Allotment Date | 4 September 2026 |
| Listing Date | 8 September 2026 |
| Price Band | ₹227 to ₹239 per share |
| Face Value | ₹10 per share |
| Lot Size | 62 Shares |
| Minimum Investment | ₹14,818 |
| Total Issue Size | ₹125 crore |
| Fresh Issue | 52,30,000 shares aggregating up to ₹125 crore |
| Offer for Sale | Nil |
| Latest GMP | ₹45 |
| Previous GMP | ₹48 |
| GMP Change | -₹3 |
| Estimated Listing Price | ₹284 |
| Estimated Gain | 18.83% |
| Estimated Profit Per Lot | ₹2,790 |
| Lead Manager | Mefcom Capital Markets Ltd. |
| Registrar | KFin Technologies Ltd. |
| Last GMP Update | 1 September 2026 |
Rays of Belief IPO GMP Profit Estimate
Based on the latest GMP of ₹45 and the IPO upper price band of ₹239, the estimated listing price is ₹284 per share.
| Particular | Calculation | Amount |
|---|---|---|
| IPO Investment | ₹239 × 62 Shares | ₹14,818 |
| Estimated Listing Value | ₹284 × 62 Shares | ₹17,608 |
| Estimated Gain | ₹17,608 − ₹14,818 | ₹2,790 |
If the GMP remains at ₹45 until listing, one lot of 62 shares would indicate an estimated GMP-based gain of approximately ₹2,790.
Rays of Belief IPO GMP Update
GMP Date: 1 September 2026
Previous GMP on 31 August 2026: ₹48
Latest GMP: ₹45
The latest reported grey-market premium has decreased by ₹3 per share from ₹48 on 31 August 2026.
At the latest GMP of ₹45, the estimated listing price is ₹284, representing an indicative gain of 18.83% over the upper IPO price of ₹239.
For one lot of 62 shares, the indicative GMP-based profit is ₹2,790.
What Is Rays of Belief IPO GMP?
IPO GMP stands for Initial Public Offering Grey Market Premium. It represents the premium at which an IPO may be informally traded in the grey market before its official stock-market listing.
A positive GMP may indicate positive market sentiment and expectations of a premium listing. However, GMP is unofficial, unregulated and can change rapidly before the listing date.
Estimated Listing Price = IPO Upper Price Band + Latest GMP
₹239 + ₹45 = ₹284
Estimated Gain = (₹45 ÷ ₹239) × 100 = 18.83%
Estimated Profit Per Lot = ₹45 × 62 = ₹2,790
GMP should only be considered an indicative market-sentiment indicator. The actual listing price can be significantly different from the GMP-based estimate.
IPO GMP is based on unofficial grey-market indications and is provided for informational purposes only. GMP can change rapidly and does not guarantee the actual listing price or investment returns. The estimated listing price, percentage gain and profit shown above are calculated using the IPO upper price band and reported GMP. Investors should conduct their own research and due diligence before making any investment decision.