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Rays of Belief Limited (Moms Belief) is a for-profit social enterprise focused on personalised intervention plans for children with neurodevelopmental disorders. Operates 136 centres across 57 cities in 20 states and Union Territories as of Mar 31, 2026, and plans to add 319 centres between FY27-29. Plans international expansion into UAE and UK, building on existing US operations. Raised Rs 50 Cr from anchor investors on Aug 31. Entirely fresh issue of up to 52.30 lakh shares. Final subscription: 107.71x overall (NII 279.11x, RII 195.87x, QIB 9.06x). Listed Sep 8, 2026 at par with issue price of Rs 239, despite the strong subscription.