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Rays of Belief's IPO to open on Sep 1, price band set at ₹227-239
Rays of Belief Ltd, which operates under the Mom's Belief brand, is set to launch its Initial Public Offering (IPO) on September 1, with a price band of Rs 227-239 per share. The post-issue implied market capitalisation of the company is estimated at Rs 474-500 crore, based on the price band. The three-day public issue will close on September 3, while bidding by anchor investors will take place on August 31, according to the company's announcement on Monday. The IPO comprises a fresh issue of u…
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