Rama Telecom IPO

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