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Rays of Belief IPO subscribed 107x on Day 3, as GMP rises to 20%
Rays of Belief's IPO was subscribed over 107 times, showing significant investor demand. Retail and non-institutional investors showed exceptional interest in the company's offering. The company plans to use IPO proceeds for expanding its learning and education infrastructure. Financials reveal strong revenue growth but a slight dip in profitability. Investors may consider this a potential long-term opportunity due to industry outlook.
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thehindubusinessline.com
Rays of Belief IPO fully subscribed on day 1
Rays of Belief IPO fully subscribed on day one, attracting significant bids and strong interest from retail investors.
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economictimes.indiatimes.com
Rays of Belief IPO Day 2: GMP holds at 16%; subscription hits 1.18x. Should you apply?
Rays of Belief IPO entered its second day of bidding after receiving a healthy response on Day 1, led by retail investors. The issues GMP stands at around 16%, signalling positive…
