Aureate Tradde IPO is a SME IPO of 38,98,000 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at To be declared. The minimum order quantity is . The Aureate Tradde IPO open and close dates are not available as of now. MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Rays of Belief IPO Details Details
Rays of Belief IPO is a book-built issue worth ₹125 crore, consisting entirely of a fresh issue of approximately 52.30 lakh equity shares. There is no Offer for Sale (OFS) component in the IPO. The IPO will open for subscription on September 1, 2026, and close on September 3, 2026. The basis of allotment is expected to be finalized on September 4, 2026, while the shares are tentatively scheduled to list on both BSE and NSE on September 8, 2026. The company has fixed the price band at ₹227–₹239 per share. The minimum application size for retail investors is 62 shares, requiring an investment of ₹14,818 at the upper end of the price band. Mefcom Capital Markets Ltd. is acting as the book-running lead manager to the issue, while Kfin Technologies Ltd. is the registrar. Investors should refer to the company's Red Herring Prospectus (RHP) filed with SEBI for detailed information regarding its business operations, financial performance, risk factors, use of IPO proceeds, and other material disclosures.
IPO Details
| IPO Date | 01 Sep 26 |
| Listing Date | 08 Sep 26 |
| Face Value | ₹10 per share |
| Price Band | ₹227 to ₹239 |
| Lot Size | 62 |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE, BSE |
| Total Issue Size | ₹125 Cr |
| Fresh Issue |
₹125 Cr
|
| Offer for Sale | |
| Share Holding Pre Issue | 1,56,71,682 shares |
| Share Holding Post Issue | 2,09,01,682 shares |
IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not less than 75% of the Issue size |
| Retail Shares Offered | Not more than 10% of the Issue |
| NII Shares Offered | Not more than 15% of the Issue |
About Rays of Belief IPO Details.
Incorporated in 2017, Rays of Belief Ltd. is a for-profit social enterprise focused on providing personalised intervention and developmental care programs for children with Neurodevelopmental Disorders (NDDs). The company caters to children with conditions such as Autism Spectrum Disorder (ASD), ADHD, Down Syndrome, Cerebral Palsy, Intellectual Disability, Learning Disabilities, and Global Developmental Delays.
The company opened its first centre in Gurgaon in 2018 under the Mom’s Belief brand. Since then, it has expanded rapidly, growing from 71 centres in FY2023 to 136 centres as of March 31, 2026.
Its network spans 57 cities across 20 states and union territories in India, with a significant presence beyond major metropolitan areas. Of the 136 centres, 42 are located in Tier 1 cities, 77 in Tier 2 cities, and 17 in Tier 3 cities, enabling the company to extend developmental care services to underserved and semi-urban markets.
Rays of Belief primarily caters to children between 18 months and 12 years of age. It also offers specialised programs for children up to 15 years, with a focus on developing vocational and essential life skills.
The company follows a multidisciplinary approach to developmental care, offering services such as early intervention, occupational therapy, language therapy, parental guidance, and family support programs.
Its centres are equipped with 150+ teaching tools, while its home-based learning kits provide access to 2,000+ teaching tools. These programs are complemented by regular follow-ups and progress monitoring to provide personalised support based on each child's developmental requirements.
As of March 31, 2026, Rays of Belief had a team of 340+ full-time clinical professionals supporting its growing network of centres.
The company has also expanded internationally. In June 2025, Rays of Belief acquired Mom's Belief US, Inc. as its wholly owned subsidiary and Allergy and Immunology Virginia, LLC as a step-down subsidiary in the United States. Through these acquisitions, the company added **three centres in Virginia—Salem, Lynchburg, and Roanoke—**marking an important step in expanding the Mom’s Belief platform beyond India.
Company Financials (Restated)
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 | |
|---|---|---|---|---|
| Assets | 50.89 | 26.12 | 12.89 | |
| Total Income | 82.06 | 36.54 | 30.76 | |
| Profit After Tax | 4.96 | 5.88 | 0.85 | |
| EBITDA | 11.91 | 3.02 | 1.49 | |
| Net Worth | 30.81 | 15.02 | 5.78 | |
| Amount in ₹ Crore | ||||
IPO Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Company Learning Centres and Company Learning Centres in partnership with Licensed Professionals | 26.88 |
| 2 | School Collaboration Centres | 5.54 |
| 3 | Centre for Excellence and Research | 2.45 |
| 4 | Upskilling Academy | 2.05 |
| 5 | Technology (hardware) costs | 4.44 |
| 6 | Expenditure for lease payments for existing centres in India | 14.45 |
| 7 | Investment in Subsidiary, Moms Belief US Inc., for making lease / license payments for existing centres in the USA | 10.13 |
| 8 | Expenditure for brand awareness and inclusive outreach programs | 10.21 |
| 9 | Funding inorganic growth through unidentified acquisition and General corporate purposes | 0.00 |
Key Performance Indicator (KPI)
| KPI | Mar 31, 2026 | Mar 31, 2025 |
|---|---|---|
| ROE | 21.64%% | 56.56%% |
| ROCE | 29.74%% | 7.49%% |
| Debt/Equity | - | - |
| RoNW | 21.64%% | 56.56%% |
| PAT Margin | 6.07%% | 16.15%% |
| EBITDA Margin | 14.59%% | 8.28%% |
Key Performance Indicator (KPI)
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 3.16 | 2.37 |
| The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2026 available in RHP. The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2026 available in RHP. | ||
IPO Registrar
- Kfin Technologies Ltd.
- 040-79615565
- robl.ipo@kfintech.com
- Visit Website
IPO Lead Manager(s)
Contact Details
Rays of Belief Ltd. Address
J-1919, Basement, Chittranjan Park, New Delhi, Delhi, New Delhi, 110019
- +91 124 407549
- cs@momsbelief.com
- Visit Website
IPO FAQs
-
What is the Aureate Tradde IPO?
-
How to apply in Aureate Tradde IPO through Zerodha?
Zerodha customers can apply online in Aureate Tradde IPO using UPI as a payment gateway. Zerodha customers can apply in Aureate Tradde IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Aureate Tradde IPO through Zerodha
- Visit the Zerodha website and login to Console.
- Go to Portfolio and click the IPOs link.
- Go to the ' Aureate Tradde IPO ' row and click the 'Bid' button.
- Enter your UPI ID, Quantity, and Price.
- Submit IPO application form.
- Visit the UPI App (net banking or BHIM) to approve the mandate.
Visit Zerodha IPO Application Process Review for more detail.
-
When Aureate Tradde IPO will open?
The Aureate Tradde IPO dates are not announced. Please check back again after some time.
-
What is the lot size of Aureate Tradde IPO?
Aureate Tradde IPO lot size and the minimum order quantity is not available at this time. Please check again later.
-
How to apply for Aureate Tradde IPO?
You can apply in Aureate Tradde IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
-
Is online banking secure?
Repudiated and annoyances accepted the wise man therefore always holds in these matters to this principle selection he rejects pleasures to secures.
-
When is Aureate Tradde IPO allotment?
The finalization of Basis of Allotment for Aureate Tradde IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Aureate Tradde IPO allotment status.
-
When is Aureate Tradde IPO listing date ?
The Aureate Tradde IPO listing date is not yet announced. The tentative date of listing is .