Grey market quotes the Mainboard at a ₹25 premium over the upper band of ₹239, pointing to an indicative listing near ₹264. Last updated: 29 Aug 2026, 22:17 IST.
| Date | GMP | Est. Gain |
|---|---|---|
| 29 Aug | +₹25 | +10.5% |
| 28 Aug | +₹10 | +4.2% |
Est. gain = GMP as % of the upper band price (indicative listing premium).
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.
| Price Band | ₹227 - ₹239 |
|---|---|
| Lot Size | 62 shares |
| Issue Size | ₹125 Cr |
| Opening Date | 01 Sep 2026 |
| Closing Date | 03 Sep 2026 |
| Listing Date | 08 Sep 2026 |
The latest unofficial grey market premium for Rays of Belief IPO is ₹25 (+, as of 29 Aug 2026, 22:17 IST).
At the current GMP, shares are indicatively expected to list near ₹264 (upper band ₹239.0 plus ₹25 premium).
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.
The full report with subscription status, RHP financials, strengths and data-based review signal is on the Rays of Belief IPO detail page.
Read the full Rays of Belief IPO report →
Last updated: 29 Aug 2026, 22:17 IST