The Economic Times

Rays of Belief IPO subscribed 14x on Day 3 so far, retail portion booked 49x as GMP rises to 20%. Should you subscribe?

Rays of Belief IPO saw strong demand on its third and final day of bidding, with the Rs 125-crore issue receiving bids far exceeding the shares on offer. The retail portion led demand, while the NII segment also saw strong interest. Heres a look at the IPO, GMP, financials and investment outlook.