Rama Telecom IPO Sees 11.3× Overall Demand on Day 1; QIB Portion Fully Subscribed
By Shishta Dutta | Updated at: Jan 16, 2026 03:38 PM IST
Kolkata | June 25, 2025 – Rama Telecom Limited’s SME IPO opened for subscription today and witnessed strong investor interest across categories, especially from institutional and retail investors. By the end of Day 1, the issue had garnered an overall subscription of 11.30 times, based on bids received across price levels.
The ₹25.13 crore public issue will remain open until June 27, 2025, with the price band set at ₹65 to ₹68 per share.
IPO Snapshot
| Detail | Info |
|---|---|
| Issue Opens | June 25, 2025 |
| Issue Closes | June 27, 2025 |
| Price Band | ₹65 – ₹68 |
| Lot Size | 2,000 shares |
| Issue Size | ₹25.13 Cr (at upper band) |
| Fresh Issue | 36,96,000 equity shares |
| Listing Exchange | NSE Emerge |
| Allotment Date (Tentative) | July 1, 2025 |
| Listing Date (Tentative) | July 3, 2025 |
Day 1 Subscription Status (as of June 25, 4:54 PM)
| Category | Applications | Shares Bid For | Subscription (approx.) |
|---|---|---|---|
| Qualified Institutional Buyers (QIBs) | 1 | 7,36,000 | 1.00× |
| Non-Institutional Investors (NIIs) | 11 | 2,48,000 | 0.30× |
| Retail Individual Investors (RIIs) | 371 | 7,42,000 | 0.38× |
| Total Bids (NSE platform) | 383 | 17,26,000 | 0.47× |
| Total Bids (Book level) | — | 4,17,55,840 | 11.30× |
- Bids received at cut-off price: 1.35 crore shares
- Demand at upper band ₹68: 16.64 lakh shares
Key Observations
- QIB Category: Fully subscribed on Day 1, led entirely by a foreign institutional investor bidding for 7.36 lakh shares.
- Retail Demand: Substantial interest with 296 cut-off bids and 75 price-based bids totaling over 7.4 lakh shares.
- Total demand: Over 4.17 crore shares bid against the issue size of 36.96 lakh shares.
About the Company
Rama Telecom Limited, incorporated in 2004, offers telecom infrastructure services including optical fiber deployment, trenching, and ducting for clients such as Indian Railways and telecom operators. The company operates across multiple states with a focus on sustainable and high-tech network solutions.
Next Steps
The IPO will continue accepting bids on June 26 and 27. Final subscription data and allotment updates will follow post issue closure. Retail investors can apply via UPI or ASBA through designated intermediaries.
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