Rays of Belief IPO subscription status: 107.71x overall
Rays of Belief IPO subscription status as of Day 3 · 3 Sep: 107.71x overall (QIB 9.06x, NII 279.11x, retail 195.86x), as reported by the exchanges. The shares listed 8 Sep at ₹239.
Updated 6 Oct 2026, 15:11 IST. Dated dealer references.
Subscription by day and category
| Day | QIB | NII | sHNI | bHNI | Retail | Total |
|---|---|---|---|---|---|---|
| Day 1 · 1 Sep | 0.00x | 0.39x | 0.90x | 0.13x | 6.51x | 1.18x |
| Day 2 · 2 Sep | 0.01x | 2.07x | 3.98x | 1.12x | 18.67x | 3.63x |
| Day 3 · 3 Sep | 9.06x | 279.11x | 229.70x | 303.82x | 195.86x | 107.71x |
Application sizes
- Retail minimum: 62 shares (₹14,818)
- Retail maximum: 868 shares
- Lot size: 62 shares
Frequently asked questions
What is the Rays of Belief IPO subscription status?
As of Day 3 · 3 Sep (06 Oct 2026) the issue is subscribed 107.71x overall: QIB 9.06x, NII 279.11x, retail 195.86x.
What do QIB, NII and retail mean?
QIB is the institutional portion (mutual funds, insurers, banks), NII is non-institutional investors bidding above two lakh rupees (split into small and big HNI), and retail is applications up to two lakh rupees.
Does a high subscription guarantee allotment?
No. Above one times, retail allotment is by lot lottery; the more oversubscribed the retail portion, the lower the odds of one lot.
When is the final subscription known?
Exchanges publish final figures on the evening the issue closes, 3 Sep.
Rays of Belief IPO overview · GMP today · Allotment status
Indicative reference price, dated. BuyUnlistedShares is India's premium unlisted shares desk: the unlisted and pre-IPO dealing desk of Gayatri Financial Synergy, Faridabad, in the market since 2002. Reviewed by the BuyUnlistedShares desk before publishing. Data as of 06 Oct 2026.
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