Rays of Belief Ltd - IPO

Rays of Belief Ltd IPO Details

Initial public offering of upto 6,000,000 equity shares of face value of Rs. 10/- each (equity shares) of Rays of Belief Limited (the company or the issuer) for cash at a price of Rs. [*] per equity share (issue price) aggregating up to Rs. [*] crores (the issue). the issue comprises of a fresh issue of upto 6,000,000 equity shares by the company aggregating upto Rs. [*] crores (the fresh issue). the issue shall constitute [*] % of the post issue paid-up equity share capital of the company.The company, in consultation with the brlm, may consider a pre-ipo placement, prior to filing of the pre-ipo placement, if undertaken, will be at a price to be decided by the company, inconsultation with the brlm. If the pre-ipo placement is completed, the amount raised pursuant to the pre-ipo placement will be reduced from the issue, subject to compliance with Rule 19(2)(b) of the scrr. the pre-ipo placement, if undertaken, shall not exceed 20% of the size of the issue. Prior to the completion of the issue and the allotment pursuant to the preipo placement, the company shall appropriately intimate the subscribers to the pre-ipo placement, that there is no guarantee that the company may proceed with the issue or the issue may be successful and will result into listing of the equity shares on the stock exchanges. Further, relevant disclosures in relation to such intimation to the subscribers to the pre-ipo placement (if undertaken). The face value of the equity shares is Rs. 10/- each and the issue price is [*] times the face value of the equity shares.

Objective of issue

Funding capital expenditure towards establishment of new centres on leased premises (tenure of 11 months - 3 years) and associated technology (hardware) costs:. Expenditure for lease payments for the existing centres in India. Investment in our Subsidiary, Mom's Belief US Inc., for making lease / license payments for our existing centres in the USA. Expenditure for brand awareness and inclusive outreach programs. General corporate purposes.

Rays of Belief Ltd Contact Details

Rays of Belief Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

Phone - 91-40-67162222

Fax - 91-40-23001153/23420814

Email - cs@momsbelief.com

Website - www.momsbelief.com