IPO Synopsis

Rays of Belief Ltd

Registered Office: J-1919 Basement Chittranjan-,Park, New Delhi - 110019, New Delhi, India. Phone : +91 124 4075 498   Fax: Email : cs@momsbelief.com Website :www.momsbelief.com

Initial public offering of upto 5,230,000 equity shares of face value of Rs. 10 each ("Equity Shares") of Rays of Belief Limited ("the Company" or the "Issuer") for cash at a price of Rs. 239 per equity share ("Issue Price") aggregating up to Rs. 125 Crores (the "Issue"). The issue comprises of a fresh issue of upto 5,230,000 equity shares by the company aggregating upto Rs.125 Crores (the "Fresh Issue"). The issue shall constitute [*] % of the post issue paid-up equity share capital of the company. The company, in consultation with the brlm, has undertaken a private placement of equity shares, as permitted under applicable law, aggregating to Rs. 5.90 Crores ("Pre-Ipo Placements"). The pre-ipo placements were made at a price of Rs. 284 per equity share (including the premium of Rs. 274 per equity share), and Rs. 290 per equity share (including the premium of Rs. 280 per equity share) bearing face value Rs. 10 each, by way of a private placement in accordance with section 42 and section 62 of the companies act, 2013 and rule 14 of the companies (prospectus and allotment of securities) rules, 2014, and the companies (share capital and debentures) rules, 2014, each as amended. The pre-ipo placements have been undertaken pursuant to the approval of the board dated February 13, 2026, March 18, 2026 and April 29, 2026, and shareholders dated February 14, 2026, March 19, 2026 and April 30, 2026, respectively, and the allotment of the said equity share was made pursuant to board resolution dated March 03, 2026, March 24, 2026, and May 27, 2026, respectively. The amount raised pursuant to the pre-ipo placements was reduced from the fresh issue and the revised size of the fresh issue is upto 5,230,000 equity shares bearing face value of Rs. 10 each aggregating up to Rs. 125 Crores. The pre-ipo placements did not exceed 20% of the size of the fresh issue, as disclosed in the udrhp-i. The company has appropriately intimated the subscribers to the pre-ipo placements, prior to allotment that there is no guarantee that the company may proceed with the issue or the issue may be successful and will result into listing of the equity shares on the stock exchanges. Further, relevant disclosures in relation to the pre-ipo have been appropriately made in the relevant sections of this red herring prospectus and prospectus. Price Band: Rs. 239 per equity share of face value of Rs. 10 each. The floor price is 23.9 times of the face value of the equity shares. Bids can be made for a minimum of 62 equity shares of face value of Rs. 10 each and in multiples of 62 equity shares of face value of Rs. 10 each thereafter. Issue Opens On Closes On 01-Sep-26 03-Sep-26 Money Payable On Application Allotment 239.00 0.00 Minimum Application for shares in Nos : 62 Further Multiples of : 62 Cr Lead Managers to the Issue Project Cost (.Cr) 0.00 Mefcom Capital Markets Limited Project Financed through Current Offer (.Cr) 125.00   Post Issue Equity Share Capital (.Cr) 20.90 Issue Price () 239.00

Projects

Funding capital expenditure towards establishment of new centres on leased premises (tenure of 11 months - 3 years) and associated technology (hardware) costs: Expenditure for lease payments for the existing centres in India Investment in the company Subsidiary, Mom's Belief US Inc., for making lease / license payments for our existing centres in the USA Expenditure for brand awareness and inclusive outreach programs General corporate purposes

Promoted By

Nitin Bindlish

Carving Futures Pte. Ltd.

Vijay Kumar Bindlish

Listing At

BSE

NSE

Registrar to the Issue

KFin Techologies Ltd