Luthra acts on Rays of Belief ₹124 crore IPO

IPO / ECM 22 Sept 2026· ₹124 cr · Completed· ◔ Reported

Rays of Belief Limited has raised ₹124.997 crore from an initial public offering of equity shares comprising a fresh issue of 5,230,000 equity shares. Luthra and Luthra Law Offices India advised Rays of Belief as well as the book running lead manager, Mefcom Capital Markets Limited, on this IPO. The transaction team consisted of Akshit Kapoor (Partner), Kshitij Asthana (Managing Associate) and Naman Dubey (Senior Associate), Associates Ashutosh Anand, Ashwin Singh, Karan Kapoor, Kumar Anant Ashish, Manali Singh, Savar Arora, Shashwat Tyagi and Swetapadma Priyadarshini. Rays of Belief operates India’s largest network of centres dedicated to intervention plans for children with…

SectorIndustrials
Value₹124 cr

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