Rays of Belief, the entity behind the child development platform Mom’s Belief, is officially heading to the public markets. The company has announced a price band of Rs 227 to Rs 239 per share for its upcoming initial public offering.
The Rs 125 crore public issue is scheduled to open for subscription on September 1 and will remain available to investors through September 3. The offering consists of a fresh issuance of approximately 52.30 lakh shares.
Management stated that the primary objective of this capital raise is to scale the brand's footprint. The proceeds are earmarked for the systematic expansion of their specialized care center network across various regions in India.
This move highlights the growing investor appetite for health-tech and service-oriented startups as they transition into more established market entities.
