Rama Telecom lists at 6% premium

New Delhi, July 2 – Rama Telecom Limited made its debut on the NSE Emerge platform today, opening at a premium of 6% but closing near its issue price after a volatile trading session.

Rama Telecom experienced a modest debut performance with an initial premium followed by a decline to near issue price, aligning with grey market expectations of ₹73.

Listing and Closing Performance

• Listing Price: ₹72.00
• Day’s High: ₹75.00
• Day’s Low: ₹68.40
• Closing Price: ₹68.40
• Previous Close (IPO Price): ₹68.00
• Change: +₹0.40 or +0.59%

Although the stock opened at a 5.88% premium, buying momentum faded through the day. It ended just above the IPO price, reflecting a muted closing gain of 0.59%.

Trade and Market Data

• Traded Volume: 13.08 lakh shares
• Trade Value: ₹9.19 crore
• VWAP (Volume Weighted Average Price): ₹70.23
• Total Market Capitalisation: ₹90.28 crore
• Face Value: ₹10 per share
• Listing Date: July 2, 2025
• 52-Week High/Low (same day): ₹75.00 / ₹68.40

The stock reached its 52-week high and low on the first day, indicating significant intraday volatility.

IPO Snapshot

Rama Telecom’s IPO closed on June 27 and was oversubscribed 10.86 times, mainly due to retail interest. The issue was for 36.96 lakh fresh equity shares in a price band of ₹65–68, for total proceeds of ₹25.13 crore.

Use of Proceeds and Business Overview

The company intends to use the IPO proceeds for:

• Capital expenditure
• Working capital
• General corporate purposes

Rama Telecom is involved in:

• Optical fiber cable deployments
• Railway telecom systems
• FTTH (Fiber to the Home)
• SCADA integration
• Network commissioning

With a revenue of ₹41.75 crore and net profit of ₹5.53 crore in FY25, the company aims to scale up project execution through its listing and fresh capital.

Despite closing nearly flat, Rama Telecom’s debut on NSE Emerge highlights cautious optimism from investors following a well-received IPO.

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