Rays of Belief IPO opens today: GMP at 20%; Check price band, lot size and key details

Rays of Belief IPO opens for subscription today, with the Rs 125-crore issue entirely comprising a fresh issue of 52.30 lakh shares. Priced at Rs 227–239 per share, the IPO has attracted a 20% grey market premium. The company raised Rs 50 crore from anchor investors ahead of the issue, with shares scheduled to list on September 8.