New Delhi, Sept. 7 -- The shares of Rays of Belief are all set to make their stock market debut on Tuesday, 8 September. Rays of Belief shares will be listed on both BSE and NSE.

The allotment of Rays of Belief IPO was finalised on 4 September, last week. The Rays of Belief IPO opened for bidding from 1 September to 3 September.

The issue received an overwhelming response, with overall subscription reaching 107.71 times. The retail portion was subscribed 195.87 times, while the Non-Institutional Investors (NIIs) category saw 279.11 times subscription. The Qualified Institutional Buyers (QIBs) segment was subscribed 9.06 times.

The shares of Rays of Belief IPO are commanding a premium of Rs.20 in the grey market, indicating a moderate l...