Mom’s Belief (Rays of Belief Ltd) is making headlines today

Mom’s Belief (Rays of Belief Ltd) is making headlines today with its U.S. expansion through the acquisition of City Pro Group in New York, alongside its ongoing IPO process to fund a massive 319-centre rollout across India. These moves position the company as a major player in neurodevelopmental care both domestically and internationally. 📰 Key Updates on Mom’s Belief 1. U.S. Expansion Acquisition completed: Mom’s Belief has acquired 100% of City Pro Group Inc. (CPG), a New York-based pediatric healthcare provider. CPG profile: Established in 1995, with US$11.43 million (~₹97.27 Cr) revenue in FY25, operating across Bronx, Brooklyn, Manhattan, and Long Island. Strategic impact: Strengthens U.S. presence in Early Intervention and special education. Adds multidisciplinary expertise (speech therapy, occupational therapy, physical therapy, behavioral services). Creates a two-way India–U.S. knowledge exchange for clinical practices. 2. IPO & Expansion in India IPO filing: Rays of Belief filed papers with SEBI for an IPO of 52.30 lakh fresh shares. No offer-for-sale component. IPO size: Opened at ₹125 crore, price band ₹227–₹239 per share, valuing the company at ₹474–₹500 crore.