Rays of Belief — Subscription Status
live subscription status by category — QIB, NII, retail, employee and shareholder — with shares offered, bids received and demand value.
LISTEDMAINBOARDEquity
Rays of Belief
Price band
₹227 – ₹239
Lot size
62 shares
Min investment
₹14,818
Issue size
₹125 Cr
Total
107.71×
QIB
9.06×
NII / HNI
279.11×
Retail
195.87×
Employee
0.00×
Applications
15,10,666
Subscription by category
Category-wise bids
| CATEGORY | TIMES | SHARES OFFERED | SHARES BID | APPLICATIONS | DEMAND (₹ CR) |
|---|---|---|---|---|---|
| Qualified Institutional Buyers (QIB) | 9.06× | 18,30,310 | 1,65,76,630 | 34 | 396.18 |
| ↳ Foreign Institutional Investors | — | — | 29,00,174 | — | 69.31 |
| ↳ Domestic Financial Institutions | — | — | 43,896 | — | 1.05 |
| ↳ Mutual Funds | — | — | 0 | — | 0 |
| ↳ Others | — | — | 1,36,32,560 | — | 325.82 |
| Non-Institutional Investors (NII) | 279.11× | 7,84,500 | 21,89,65,648 | 1,02,841 | 5,233.28 |
| ↳ bNII — bids above ₹10 Lakh | 303.82× | 5,23,000 | 15,88,98,374 | 36,703 | 3,797.67 |
| ↳ bNII — Corporates | — | — | 14,97,052 | — | 35.78 |
| ↳ bNII — Individuals | — | — | 15,21,20,906 | — | 3,635.69 |
| ↳ bNII — Others | — | — | 52,80,416 | — | 126.2 |
| ↳ sNII — bids ₹2 Lakh to ₹10 Lakh | 229.70× | 2,61,500 | 6,00,67,274 | 66,138 | 1,435.61 |
| ↳ sNII — Corporates | — | — | 1,49,048 | — | 3.56 |
| ↳ sNII — Individuals | — | — | 5,82,52,782 | — | 1,392.24 |
| ↳ sNII — Others | — | — | 16,65,444 | — | 39.8 |
| Retail Individual Investors (RII) | 195.87× | 5,23,000 | 10,24,37,640 | 14,07,791 | 2,448.26 |
| ↳ Cut-off price bids | — | — | 8,75,76,488 | — | 2,093.08 |
| ↳ Price bids | — | — | 1,48,61,152 | — | 355.18 |
| Employee | 0.00× | — | 0 | — | 0 |
| ↳ Cut-off price bids | — | — | — | — | — |
| ↳ Price bids | — | — | — | — | — |
| Shareholder | 0.00× | — | 0 | — | 0 |
| ↳ Cut-off price bids | — | — | — | — | — |
| ↳ Price bids | — | — | — | — | — |
| Total | 107.71× | 31,37,810 | 33,79,79,918 | 15,10,666 | 8,077.72 |
Updated 08 Sep 2026, 06:30 PM IST • demand at ₹239
QIB interest cost
Estimated cost for QIB bidders funding 2,165.34 per share for 7 days at ₹239.
| RATE | COST / SHARE | COST % |
|---|---|---|
| 7% | ₹2.91 | 1.22% |
| 8% | ₹3.32 | 1.39% |
| 9% | ₹3.74 | 1.56% |
| 10% | ₹4.15 | 1.74% |
| 11% | ₹4.57 | 1.91% |
| 12% | ₹4.98 | 2.09% |
Want the day-by-day picture? See day-wise subscription history.
Data refreshed 07 Nov 2026, 05:00 pm IST. GMP is unofficial market sentiment, not investment advice.