New Delhi, March 6 Rays of Belief Ltd, the parent company of Mom's Belief, is planning to raise over ₹100 crore through its IPO to expand its network of neurodevelopmental disorder centres, aimed at supporting children with developmental challenges and their families across the country.
The company is looking to launch its initial public offering sometime between April and May.
In February, the firm filed its updated draft red herring prospectus for an initial public offering (IPO) comprising 60 lakh shares through a fresh issuance, with no offer for sale (OFS) component.
According to the draft papers, the company plans to use the funds to expand its network of neurodevelopmental disorder centres through various models, including company-operated learning centres, centres established in partnership with licensed professionals, and collaboration centres within schools.
The investment will also support the creation of Centres for Excellence and Research (COER) aimed at advancing innovation and best practices in NDD care, as well as in-house training academies designed to address the shortage of specialized therapists in the sector.
In addition, the capital will be used for technology upgrades, lease payments for existing centres in India, investments in its US subsidiary, brand awareness and outreach initiatives, and potential strategic acquisitions.
This expansion comes at a time when demand for specialized developmental therapies in India is growing rapidly.
According to a CARE report, the market for neurodevelopmental disorders (NDD) care in India was valued at approximately ₹5,246 crore as of March 2025.
Experts believe that demand for intervention services is rising due to growing awareness of developmental conditions and increased diagnoses. At the same time, India continues to face a shortage of trained professionals such as developmental pediatricians, speech therapists, child psychologists, and special educators.