Rays of Belief Limited- For Profit Social Enterprise (FPSE) IPO
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Rays of Belief Limited- For Profit Social Enterprise (FPSE) — DRHP summary
Plain-English breakdown extracted from the prospectus.
Rays of Belief Limited is a For-Profit Social Enterprise operating 136 centres across India (plus centres in the US) that provide therapy and intervention services for children with neurodevelopmental disorders such as autism, ADHD, and cerebral palsy. The company is undertaking its first public issue via a fresh issue of up to 5,230,000 equity shares of face value ₹10 each (amount not disclosed in the extracted text), with no Offer for Sale component mentioned. The specific use of proceeds (Objects of the Issue) was not detailed in the extracted sections.