Books show 63.69x total subscription (QIB 4.67x, NII 274.31x, retail 190.4x). Retail is doing the heavy lifting here while institutional books stay thin — premiums built on retail-only heat fade faster into close day. This issue has already listed — compare the debut against the premium trail above to judge how honest the street signal was.
Unofficial street quote — treat as sentiment alongside subscription breadth and fundamentals, never as a promised listing price.
Grey Market Premium is an unofficial, off-exchange quote. SEBI does not recognise grey-market trading; the actual listing price is decided by order-book demand on debut day.
| Listing Date | 08 Sep 2026 |
|---|---|
| Subscription | 63.69x |
The latest unofficial grey market premium for Rays of Belief IPO is not yet available. This page updates automatically through the bidding window.
GMP is re-quoted through the bidding window as subscription momentum and market mood shift. No quote yet for this issue — this page updates automatically.
No. GMP is an unofficial sentiment indicator that can change quickly. The actual listing price is decided by regular order-book demand on the exchanges on debut day. For Rays of Belief, the book stands at 63.69x overall with QIB demand at 4.67x — read that breadth next to the premium, not the premium alone.
The full report with subscription status, RHP financials, strengths and data-based analysis signal is on the Rays of Belief IPO detail page.
Read the full Rays of Belief IPO report →
Last updated: 14 Oct 2026, 03:29 IST