Rays of Belief IPO subscribed 14x on Day 3 so far, retail portion booked 49x as GMP rises to 20%. Should you subscribe?
https://economictimes.indiatimes.com/markets/ipos/fpos/rays-of-belief-ipo-subscribed-14x-on-day-3-so-far-retail-portion-booked-49x-as-gmp-rises-to-20-should-you-subscribe/articleshow/133728898.cms
Rays of Belief IPO saw strong demand on its third and final day of bidding, with the Rs 125-crore issue receiving bids far exceeding the shares on offer. The retail portion led demand, while the NII segment also saw strong interest. Here’s a look at the IPO, GMP, financials and investment outlook.
September 3, 2026 7
