- POSITIVE
Annual Revenue Rama Telecom Mar-2025 Annual Revenue is Rs 42 Cr which is growth of 13.3% YoY.
- POSITIVE
Annual Net Profit Rama Telecom Mar-2025 Annual Net Profit is Rs 6 Cr which is growth of 111.7% YoY.

Rama Telecom was incorporated on July 12, 2004. The company is a technology-driven engineering firm specializing in optical fiber solutions and end-to-end customized networking infrastructure. It develops and deploys advanced, sustainable networking systems to ensure efficient and reliable connectivity across India
| Bidding Dates |
|---|
| 25 Jun 2025 - 27 Jun 2025 |
| Subscription |
|---|
| 1.58x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹130,000 | 1 | 1 | 2000 | 3.7 M | ₹65 - ₹68 | 71.28 % | ₹240.2 M - ₹251.3 M | RHP DOC |
Rama Telecom IPO SUBSCRIPTION STATUS
27 Jun '25Rama Telecom IPO overall subscription rate was 1.58 times the total available shares
Rama Telecom IPO retail subscription rate was 2.72 times in the retail segment
Rama Telecom IPO non-institutional investor subscription rate was 2.83 times in the non-institutional investor category
Rama Telecom IPO Qualified Institutional Bidder subscription rate was 0.4 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
27 Jun 2025 (Day 3) | 2.72x | 2.83x | 0.4x |
26 Jun 2025 (Day 2) | 1.68x | 1.67x | 0.4x |
25 Jun 2025 (Day 1) | 0.58x | 0.45x | 0.4x |
Rama Telecom FINANCIALS
| Period | Net Profit (Rs in crore) | Revenue from Operations (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| FY25 | 5.5 | 41.8 | 0.1 | 0.1 | 19.2% |
| FY24 | 2.6 | 37.2 | 0.8 | 0.6 | 11.0% |
| FY23 | 1.1 | 33.1 | -1.4 | -2.4 | 5.0% |
Rama Telecom IPO SUBSCRIPTION STATUS DETAILS
Rama Telecom had 3.7 M shares on offer
Rama Telecom IPO offer price was in the range ₹65 - ₹68
Rama Telecom IPO minimum Investment was ₹130000
Rama Telecom IPO issue size was ₹ 240.2 M - ₹ 251.3 M
Rama Telecom had a minimum lot size of 2000 Shares per application
Rama Telecom NUMBER OF SHARES ON OFFER
Rama Telecom IPO IMPORTANT DATES
| Issue Open Date | 25 Jun 2025 |
| Issue close Date | 27 Jun 2025 |
| Allotment Date | 30 Jun 2025 |
| Refund Date | 01 Jul 2025 |
| Demat Account Credit Date | 01 Jul 2025 |
| Listing Date | 02 Jul 2025 |
| Listing on Exchange(s) | NSE |
| Rama Telecom Allotment Status | Exchange/ Registrar |
Rama Telecom IPO subscription opened on 25 Jun 2025, and closed on 27 Jun 2025
IPO allotment for Rama Telecom was finalized on Monday, 30 Jun 2025
IPO listing for Rama Telecom was on NSE on Wednesday, 02 Jul 2025
Rama Telecom IPO LISTING GAINS
| Issue Price (adjusted) | 68.0 |
| Listing Open Price | 72.0 |
| Listing Close Price | 68.4 |
| Listing Gain% | 5.9% |
| Current Gain% | 21.3% |
Rama Telecom Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Rama Telecom Ltd. | 82.5 | 108.9 | 19.7 | 0.2 | 2.6 | 33.6 | 19.3 | 42.5 | 13.3 | 5.5 | 111.7 | 4.2 | 111.7 |
| Indus Towers Ltd. | 359.1 | 94736.4 | 13.2 | -0.5 | 2.9 | 18 | 10 | 32970.1 | 6.7 | 7144.9 | -28.1 | 27.1 | -26.6 |
| Bharti Hexacom Ltd. | 1421.9 | 71095 | 39 | 1.2 | 7.4 | 24.2 | 9.1 | 9577.6 | 9.7 | 1733.2 | 16 | 36.5 | 32.8 |
| Tata Communications Ltd. | 1640 | 46754 | 49.4 | -1.1 | 1.8 | 29 | 3.5 | 25104.4 | 8 | 1001.6 | -45.5 | 33.2 | -44.2 |
| Suyog Telematics Ltd. | 660.8 | 774.3 | 12.9 | 0.3 | 3.3 | 13 | 6.7 | 227.6 | 13 | 63.1 | 55.5 | 51.4 | 46 |
| OnMobile Global Ltd. | 50 | 531.6 | -9.5 | 0 | 1 | -1.8 | -1.1 | 571.8 | -1.1 | -11.3 | 72 | -5.2 | -490.4 |
Rama Telecom annual results: revenue, profit, P&L, and margins as of Mar 2025 – 11 year history
| Indicator | Graph | Mar '25 | Mar '24 | Mar '23 |
|---|---|---|---|---|
| 42.5 | 37.5 | 33.2 | ||
Operating Exp. Ann. | 34.4 | 33.2 | 31.3 | |
Operating Profit Ann. | 7.4 | 4 | 1.8 | |
OPM Ann. % | 17.39% | 10.75% | 5.33% | |
| 35 | 33.9 | 31.9 | ||
EBITDA Ann. | 8.1 | 4.3 | 1.9 | |
EBITDA Ann. margin % | 19.07% | 11.53% | 5.71% | |
Interest Ann. | 0.5 | 0.6 | 0.5 | |
Depr. | 0.2 | 0.2 | 0.1 | |
PBT Ann. | 7.5 | 3.6 | 1.4 | |
Tax Ann. | 1.9 | 1 | 0.3 | |
| 5.5 | 2.6 | 1.1 | ||
Net Profit Ann. | 5.5 | 2.6 | 1.1 | |
NPM Ann. % | 13.24% | 7.02% | 3.27% | |
EPS Adj. latest Ann. | 4.2 | 2 | 0.8 |
Rama Telecom INFORMATION ON IPO ISSUE
About Rama Telecom
Rama Telecom was incorporated on July 12, 2004. The company is a technology-driven engineering firm specializing in optical fiber solutions and end-to-end customized networking infrastructure. It develops and deploys advanced, sustainable networking systems to ensure efficient and reliable connectivity across India
Object of the Issue
- To meet the working capital requirements
- To meet capital expenditure
- General corporate purpose
- To meet the offer expenses
Rama Telecom - PROMOTERS
| Name |
|---|
| Rama Kant Lakhotia |
| Simran Lakhotia |
| Neena Lakhotia |
| Nikita Lakhotia |
Rama Telecom Book Running Lead Manager
Affinity Global Capital Market Private Limited
compliance@affinityglobal.in
Rama Telecom Registrar to the issue
Cameo Corporate Services Limited
priya@cameoindia.com
Rama Telecom Strengths
Nationwide project presence
The company has built a strong national presence through its telecom infrastructure projects, especially within the railway sector. Its operations span nearly all major railway networks in India, reflecting its extensive reach and operational capability
Long-term clientele
Through its sustained focus on the railway sector, the company has cultivated long-standing relationships with key public and private clients. The company's ability to deliver tailored, high-quality telecom solutions has also positioned it as a preferred partner for both public railway networks and private telecom operators
Skilled workforce strength
The company’s workforce comprises experienced professionals, many of whom have been with the organization for over a decade. This depth of experience enhances the quality of project execution and contributes significantly to the company’s long-term stability and growth
Rama Telecom Risks
Supplier dependency
The company is highly dependent on a limited number of key suppliers for its raw materials. Any disruption in supply or sharp rise in input costs—due to market volatility, regulatory changes, or availability issues—may directly impact pricing, production timelines, and overall operational efficiency
Weather impact
Adverse weather conditions, particularly during the monsoon season, can delay construction-related activities like cable laying and duct installation. These disruptions can shift revenue recognition to later quarters and impact the company’s financial performance
Labour disruption
The company operates in a labour-intensive industry and is exposed to risks related to strikes, wage demands, and regulatory compliance. Any workforce-related disruption—either within the company or at the supplier end—could impact production and project execution
IPO FAQs
The promoters of the company are Rama Kant Lakhotia, Simran Lakhotia, Neena Lakhotia and Nikita Lakhotia.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 65.0 - 68.0.
The IPO application opens on Jun 25, 2025 and closes on Jun 27, 2025.
The minimum lot size for the IPO is 2000. The maximum lot size for the IPO is 2000.
For all category investors, the minimum application amount for this IPO is Rs. 130,000.0, the maximum value for this IPO is Rs 136,000.0.
This IPO will be allotted on Jun 30, 2025.
The refund will be credited to your account on Jul 01, 2025.
The allotted shares will be credited to your demat on Jul 01, 2025.
Rama Telecom Ltd.’s shares listed on the stock exchanges on Jul 02, 2025.
