1 week ago
Mom's Belief Parent Plans September IPO to Expand Care Centres
Mom's Belief helps children who need special developmental therapies.
Its parent company, Rays of Belief, plans to sell shares to the public in September.
The IPO will start on September 1 and end on September 3.
The company wants to use the money to open 319 more centres in India.
Many of these centres will be in smaller Tier-II and Tier-III cities.
The company currently has 136 centres in 57 cities and 20 states and Union Territories.
Its revenue increased strongly in the latest financial year, but its profit became smaller.
The shares are planned to be listed on the BSE and NSE.
Rays of Belief, the parent of Mom's Belief, will launch its IPO on September 1, with bidding closing September 3.
The IPO is entirely a fresh issue of up to 52.30 lakh equity shares and has no offer-for-sale component.
The company plans to use ₹41.36 crore of the proceeds to establish 319 centres across India between FY27 and FY29.
Rays of Belief operated 136 centres across 57 cities and 20 states and Union Territories as of March 31, 2026.
Revenue rose to ₹81.66 crore in FY26 from ₹36.42 crore, while profit declined to ₹4.96 crore from ₹5.88 crore.
- Who
- Rays of Belief Ltd., the parent company of Mom's Belief.
- What
- The company will launch an IPO consisting of up to 52.30 lakh fresh equity shares.
- Where
- The company is based in Gurugram and plans to expand its centres across India, particularly in Tier-II and Tier-III cities.
- When
- The IPO will open on September 1, 2026, and close on September 3; anchor-investor bidding is scheduled for August 31.
- Why
- To fund its next expansion phase, including 319 new centres and related fit-outs, therapy materials, and technology hardware.
Key facts
- IPO size
- Up to 52.30 lakh fresh equity shares
- IPO dates
- September 1-3, 2026; anchor bidding on August 31
- Expansion plan
- 319 new centres between FY27 and FY29
- Planned allocation
- ₹41.36 crore, including ₹34.99 crore for fit-outs, ₹1.93 crore for therapy-material inventory, and ₹4.44 crore for technology hardware
- Current network
- 136 centres across 57 cities and 20 states and Union Territories as of March 31, 2026
- Children served
- More than 58,000 since operations began in 2018
- FY26 performance
- Revenue of ₹81.66 crore and profit of ₹4.96 crore
Quotes
Red Herring Prospectus
The company’s regulatory IPO prospectus filed on August 19
“The pre-IPO placements were made at a price of ₹284 per share and ₹290 per share.”
thehindubusinessline.com
Sources
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