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Rama Telecom IPO
₹1,30,000/2000 shares
Minimum Investment
IPO Details
25 Jun 25
27 Jun 25
₹1,30,000
2000
₹65 to ₹68
NSE
₹25.13 Cr
02 Jul 25
Rama Telecom IPO Timeline
Bidding Start
25 Jun 25
Bidding Ends
27 Jun 25
Allotment Finalisation
30 Jun 25
Refund Initiation
01 Jul 25
Demat Transfer
01 Jul 25
Listing
02 Jul 25
Rama Telecom Limited
Established in July 2004, Rama Telecom Limited offers customised end-to-end networking solutions in the telecom and datacom sectors. The company specialises in optical fibre cable laying and infrastructure development, serving clients like Indian Railways, Airtel, IOCL, and the Airport Authority of India. Its services include Horizontal Directional Drilling (HDD), OFC laying, network planning, installation, and turnkey project management. Rama Telecom also collaborates with leading OEMs such as Nokia, D-Link, and Tejas Networks. With a team of 40 employees as of September 2024, the company ensures efficient delivery of broadband and wireless communication solutions nationwide.
Rama Telecom Limited IPO Overview
Rama Telecom IPO is a book-built issue of ₹25.13 crore, comprising a complete fresh issue of 36.96 lakh shares. The subscription window opens on June 25, 2025, and closes on June 27, 2025. Allotment is expected to be finalised on June 30, 2025, with a tentative listing on the NSE SME platform scheduled for July 2, 2025. The IPO price band is set between ₹65 and ₹68 per share, with a minimum lot size of 2,000 shares. Retail investors must invest a minimum of ₹1,30,000, though bidding at the cut-off price may require up to ₹1,36,000 to avoid oversubscription issues. HNI applicants must apply for at least two lots, i.e., 4,000 shares, amounting to ₹2,72,000. Affinity Global Capital Market Private Limited is the book-running lead manager, Cameo Corporate Services Limited is the registrar, and Asnani Stock Broker Private Limited is acting as the market maker for the issue.
Rama Telecom Limited IPO Details
| Particulars | Details |
| IPO Date | 25 June 2025 to 27 June 2025 |
| Listing Date | 2 July 2025 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹65 to ₹68 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 36,96,000 shares (aggregating up to ₹25.13 Cr) |
| Fresh Issue | 36,96,000 shares (aggregating up to ₹25.13 Cr) |
| Offer for Sale | NA |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 95,03,349 shares |
| Share Holding Post Issue | 1,31,99,349 shares |
| Market Maker Portion | 1,86,000 shares |
Rama Telecom Limited IPO Reservation
| Investor Category | Shares Offered (Approx.) |
| QIB | 7,36,000 (19.91%) |
| Retail | 19,40,000 (52.49%) |
| NII (HNI) | 8,34,000 (22.56%) |
| Market Maker | 1,86,000 (5.03%) |
Rama Telecom Limited IPO Lot Size
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 2,000 | ₹1,36,000 |
| Retail (Max) | 1 | 2,000 | ₹1,36,000 |
| HNI (Min) | 2 | 4,000 | ₹2,72,000 |
Rama Telecom Limited IPO Promoter Holding
| Shareholding Status | Percentage |
| Pre-Issue | 98.98% |
| Post-Issue | TBD |
Rama Telecom Limited IPO Valuation Overview
| KPI | Value |
| EPS (Pre/Post IPO) | 5.82 / 4.19 |
| P/E (Pre/Post IPO) | 11.69 / 16.23 |
| RoNW | 33.58% |
| ROE | 10.63% |
| ROCE | 37.06% |
| NAV | – |
| PAT Margin | 13.24% |
| EBITDA Margin | 17.44% |
| Debt to Equity Ratio | 0.30 |
Objectives of the Proceeds
- To meet working capital expenses for operations and growth – ₹14.01 crore.
- To meet capital expenditure and infrastructure needs – ₹6.14 crore.
- For general corporate purposes to support overall business objectives
- To meet IPO offer-related expenses and associated costs
Key Financials (in ₹ Crores)
| Particulars | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 28.65 | 19.44 | 16.41 |
| Revenue | 42.47 | 37.48 | 33.22 |
| Profit After Tax | 5.53 | 2.61 | 1.08 |
| Reserves & Surplus | 6.96 | 9.38 | 6.76 |
| Total Borrowings | 5.00 | 4.64 | 3.96 |
SWOT Analysis of Rama Telecom IPO
Strength and Opportunities
- Strong pan-India execution capability in telecom infrastructure.
- Tie-ups with top telecom players like Airtel and Jio.
- Specialisation in OFC laying and turnkey telecom projects.
- Robust growth in revenue and profits over recent financial years.
- Partnerships with OEMs like Nokia and Tejas Networks.
Risks and Threats
- Business depends on government contracts.
- High working capital requirement.
- Dependent on a limited number of clients.
- Project-based business can lead to irregular revenues.
- High competition in telecom infra sector.
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About Rama Telecom Limited
Rama Telecom IPO Strengths
- Specialises in OFC laying, HDD, and telecom network expansion across India.
- Collaborates with major telecom players like Jio, Airtel, Vodafone Idea, BSNL, and Tata.
- Demonstrates strong pan-India presence with proven project execution capabilities.
- Offers data centre and enterprise-level cloud-based service solutions.
- Delivers customised, high-quality telecom solutions to meet diverse client requirements.
- Backed by experienced professionals in engineering, project management, and network optimisation.
Peer Group Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (₹) | P/E (x) | RoNW (%) | P/BV Ratio |
| RailTel Corporation of India Limited | 7.67 | 7.67 | 56.93 | 52.07 | 13.47 | 6.48 |
| Peer Groups | ||||||
| Sar Televenture Limited | 13.85 | 13.85 | 239.37 | 19.04 | 5.79 | 1.10 |
How to apply IPO with HDFC SKY?
Follow these simple steps to apply for an IPO through HDFC SKY. Secure your investments and explore new opportunities with ease by accessing the IPOs available on the platform.
1Login to your HDFC SKY Account
2Select Issue
3Enter Number of Lots and your Price.
4Enter UPI ID
5Complete Transaction on Your UPI App
FAQ's On SME IPO
How can I apply for Rama Telecom Limited IPO?
You can apply through UPI-based ASBA via brokers such as Zerodha, Groww, or HDFCSky.
What is the listing platform for Rama Telecom IPO?
Rama Telecom IPO will be listed on the NSE SME platform.
What is the minimum investment required for retail investors?
Retail investors must invest at least ₹1,36,000 for one lot of 2000 shares.
What type of issue is Rama Telecom IPO?
Rama Telecom IPO is a bookbuilding issue consisting entirely of fresh shares.
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