Rays of Belief IPO Day 1: GMP signals 20% listing gain. Should you subscribe to ₹125 crore issue?

Rays of Belief IPO opens for subscription on 1 September and closes on 3 September, priced between ₹227 and ₹239 per share. With a grey market premium of +48, listing prices may reach ₹287, indicating strong demand amidst mixed expert reviews on profitability and growth risks.