June 23, 2025
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What is the last grey market premium of Rama Telecom IPO?
Listing Review: Will update on listing.
Subscription status of Rama Telecom IPO
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Rama Telecom IPO Price Rs. 92 Lot 1200 shares, Rs.23.87 Crore |
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| QIB | NII x | RII x | Total x | Applications |
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Rama Telecom IPO Allotment Link:
What is the business of Rama Telecom?
About Rama Telecom Ltd.
Founded in July 2004, Rama Telecom Ltd. is a trusted provider of customized, end-to-end networking solutions at the forefront of India’s Telecom and Datacom sectors.
Specializing in optical fibre laying and telecom infrastructure development, Rama Telecom is proud to serve prestigious clients such as Indian Railways, Airtel, IOCL, and the Airport Authority of India. Our commitment lies in building seamless, sustainable, and high-performance networks that drive digital connectivity forward.
With deep-rooted expertise in optical fibre technologies, it delivers a range of advanced services including:
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Horizontal Directional Drilling (HDD)
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Optical Fibre Cable (OFC) Laying and BlowingComprehensive telecom infrastructure deployment
It collaborates with leading OEMs and technology partners such as Nokia, D-Link, Tejas Networks, Exide, and others to enhance its offerings and deliver future-ready solutions.
Its Core Services
Optical Fibre Cable (OFC) Laying & Maintenance
Deployment and upkeep of fibre optic networks using cutting-edge methods like HDD and micro-trenching.
Network Planning & Design
Tailored telecom network designs focused on efficiency, scalability, and long-term viability.
Installation & Commissioning
Full-service implementation of telecom infrastructure including mobile towers, switching systems, and transmission networks.
Turnkey Project Management
End-to-end execution of large-scale telecom projects—on time, within budget, and to the highest quality standards.
Data Communication Solutions
Driving broadband expansion and high-speed internet services across urban and rural India.
Its People
As of September 30, 2024, Rama Telecom Ltd. employs a team of 40 skilled professionals, including Directors, Key Managerial Personnel, and Senior Management who oversee operations, compliance, marketing, administration, and finance—each aligned with the company’s mission to deliver excellence in telecom and data communication services.
Rama Telecom IPO Details
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Sector: EV Manufacturer |
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| IPO opens on | 25 June 2025 |
| IPO closes on | 27 June 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 3696000 Shares / Rs 25.13 Crore |
| * Fresh Issue | 3696000 Shares / Rs 25.13 Crore |
| * Offer for Sale – | – Shares/ Rs.- Crore |
| Market Maker Portion | 186000 Shares |
| Net offer to Public | 3510000 Shares Rs.23.87 Crores |
| Face Value per share | Rs. 10 |
| Price Band | Rs. 65068 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 2000 Shares |
| Listing will at | NSE SME |
| Investor | Shares | % |
| Market Maker | 1,86,000 | 5.03 |
| QIB Shares | 7,36,000 | 19.91 |
| NII (HNI) | 8,34,000 | 22.56 |
| Retail Shares | 19,40,000 | 52.49 |
| Total Shares | 36,96,000 | 100 |
| Application | Shares | Amount Rs. |
| Retail (Min) | 2000 | 1,36,000 |
| Retail (Max) | 2000 | 1,36,000 |
| HNI (Min) | 4,000 | 2,72,000 |
Who are the Promoters of Rama Telecom?
The promoters of the company, are Mr. Rama Kant Lakhotia, Mrs. Neena Lakhotia, Ms. Nikita Lakhotia & Ms. Simran Lakhotia.
What are the Objects of Rama Telecom IPO?
*To meet working capital Expenses Rs. 14.01 Crore
*To meet Capital Expenditure Rs. 6.14
*General Corporate Purposes
*To meet the offer related expenses
Rama Telecom Timetable
Tentative timetable |
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| IPO opens on | 25 June 2025 |
| IPO Closes on | 27 June 2025 |
| IPO Allotment on | 30 June 2025 |
| Refund Initiation | 1 July 2025 |
| Credit of Shares | 1 July 2025 |
| Listing on | 2 July 2025 |
| Registered Office of the Company Rama Telecom Limited Kamalalaya Centre 156A Lenin Sarani, Room No-302, 3rd Floor Kolkata, West Bengal, 700013 |
| The Lead Manager of this IPO Corporate Makers Capital ltd |
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Who is the Registrar to IPO? Cameo Corporate Services ltd |
Rama Telecom IPO GMP grey market premium, review, Subscription, allotment, listing estimate
Rama Telecom Financials
| Period Ended | 31-Mar-25 | 31-Mar-24 | 31-Mar-23 |
| Assets | 28.65 | 19.44 | 16.41 |
| Revenue | 42.47 | 37.48 | 33.22 |
| Profit After Tax | 5.53 | 2.61 | 1.08 |
| EBITDA | 8 | 4.1 | 1.65 |
| Net Worth | 16.46 | 9.53 | 6.92 |
| Reserves and Surplus | 6.96 | 9.38 | 6.76 |
| Total Borrowing | 5 | 4.64 | 3.96 |
| Amount in Rs. Crore | |||
Performance Indicators
| KPI | Values |
| ROE | 10.63% |
| ROCE | 37.06% |
| Debt/Equity | 0.3 |
| RoNW | 33.58% |
| PAT Margin | 13.24% |
| EBITDA Margin | 91.30% |
| Price to Book Value | 0.11 |
| EPS | Rs. 2.75 |
| PE Ratio | 24.74 |
How Rama Telecom IPO compares with the Peers?
| Company Name | P/E (x) | RoNW (%) |
| Rama Telecom | 24.74 | 33.58 |
| RailTel Corporation | 52.07 | 13.47 |
| Sar Televenture | 19.04 | 5.79 |
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Rama Telecom IPO Review by Paresh Gordhandas, CA & Research Analyst.
About Rama Telecom Ltd.
Company Profile
Founded in July 2004, Rama Telecom Ltd. is a well-established provider of customized, end-to-end networking solutions, operating at the cutting edge of India’s Telecom and Datacom sectors.
With a strong focus on optical fibre laying and telecom infrastructure development, the company has delivered high-impact projects for leading clients including Indian Railways, Airtel, IOCL, and the Airport Authority of India. Rama Telecom is committed to building seamless, sustainable, and high-performance networks that power India’s digital future.
Financial Highlights
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Strong Balance Sheet: Debt-to-equity ratio stands at a healthy 0.3, reflecting financial stability.
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Consistent Growth: Both topline and bottomline have shown a steady upward trend over the past three years.
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Strategic Partnerships: Tie-ups with Railtel, Airtel, and other key players position the business for continued expansion.
Concern Area
The only notable concern is the company’s high inventory and receivables. Combined, they stand at 4.53 months relative to an average monthly income of ₹3.48 crore in FY 2024–25, which may affect short-term liquidity.
IPO Details
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Valuation: Shares are offered at a reasonable valuation, making it attractive from a fundamentals perspective.
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IPO Size: Moderate-sized offering with a retail portion of 19.4 lakh shares.
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Retail Demand: Based on current interest, around 970 applications would be enough for full retail subscription.
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Grey Market Buzz: Early signs of interest are visible with a small premium emerging in the grey market.
Recommendation
*Fundamental View: May Apply – Solid financials, growth potential, and strong client base.
Grey Market Sentiment: May Apply – Modest premium suggests early interest but limited euphoria due to crowded IPO space.
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