GENERAL8 Sept 2026
Ray of Belief shares list at par with IPO price despite 108x subscription
Ray of Belief shares started trading at ₹239 on both BSE and NSE. That is exactly its IPO price, so investors got no listing gain. Earlier, the grey market premium hinted at a 6% jump. Despite 108x subscription, demand did not translate into a strong debut. If you invested, watch how the stock moves before deciding.
Key Statutory Highlights
- Ray of Belief shares listed at ₹239 on both BSE and NSE.
- The listing price was equal to the IPO price, giving no listing gain.
- The IPO was subscribed 108 times, and its grey market premium had suggested about 6% listing gains.
Actionable Advice for Taxpayers / Founders:If you applied for this IPO, review your holding and track the stock's performance before making any buy or sell decision; do not rely on grey-market signals.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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