Rays of Belief IPO Subscribed Nearly 108 Times, Listing Scheduled for September 8
Rays of Belief Ltd's IPO, priced between Rs 227-239 per share, closed with a subscription of approximately 108 times, driven by strong demand from non-institutional and retail investors. The Rs 125 crore fresh issue comprises 52.30 lakh equity shares, with proceeds aimed at expanding centres and capital expenditure. The IPO allotment is expected on September 4, with listing scheduled for September 8 on BSE and NSE. Grey market premiums suggest a potential positive listing, though these are unofficial indicators.
First-hand measurement across 15 sources
We measured how 15 outlets covered this story. No outlet gave this story a measurable political slant — there is no left–right reading to report. Overall sentiment is neutral (60/100). Lens Score 46/100.
Outlets measured: economictimes, news18, thefinancialexpress, economictimes, mint, news18, economictimes, mint, and 7 more. See how each one headlined and framed the same story in the source comparison below.
AI Analysis
Sentiment was consistent across outlets (50–74/100), indicating broadly factual reporting rather than editorialising.
Coverage timeline
news18 broke this story on 31 Aug, 03:47 pm. Other outlets followed.