New Delhi, Sept. 1 -- The Rays of Belief IPO date of subscription is scheduled for Tuesday, 1 September, and the issue will close on Thursday, 3 September. The Rays of Belief IPO price band has been fixed in the range of Rs.227 to Rs.239 per equity share, with a face value of Rs.10 per share.

Rays of Belief IPO GMP today, or grey market premium, is +48. Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Rays of Belief share price was indicated at Rs.287 apiece, which is 20.08% higher than the IPO price of Rs.239.

According to grey market trends observed over the past 13 sessions, the GMP for the IPO is rising today, suggesting that a strong listing is anticipated. T...