Rama Telecom Ltd. logo

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 InvestmentMinimum LotMaximum LotLot SizeNumber of SharesIssue Price BandPost Issue Promoter Holding %Issue SizeIPO Document
₹130,0001120003.7 M₹65 - ₹6871.28 %₹240.2 M - ₹251.3 MRHP DOC

Rama Telecom IPO SUBSCRIPTION STATUS

27 Jun '25
Total1.58x
Retail Individual Investor2.72x
HNI (NII) Investors2.83x
Qualified Institutional Buyers0.4x

Rama 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

DayRetail Individual InvestorHNI (NII) InvestorsQualified Institutional Buyers
Category Reservation35%15%50%
27 Jun 2025
(Day 3)
2.72x2.83x0.4x
26 Jun 2025
(Day 2)
1.68x1.67x0.4x
25 Jun 2025
(Day 1)
0.58x0.45x0.4x

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

Total3.7 M
Fresh Issue3.7 M
Offer for Sale0
Post Issue Promoter Holding %71.28 %

Rama Telecom IPO IMPORTANT DATES

Issue Open Date25 Jun 2025
Issue close Date27 Jun 2025
Allotment Date30 Jun 2025
Refund Date01 Jul 2025
Demat Account Credit Date01 Jul 2025
Listing Date02 Jul 2025
Listing on Exchange(s)NSE
Rama Telecom Allotment StatusExchange/ 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 Price72.0
Listing Close Price68.4
Listing Gain%5.9%
Current Gain%21.3%

Rama Telecom Peer

StockStock PriceMarket Cap (Rs crore)PE TTMPEG TTMPS TTMROE%ROA%Annual Revenue (Rs crore)Annual Revenue Growth %Annual Net Profit (Rs crore)Annual Net Profit Growth %EPS TTMEPS TTM Growth %
Rama Telecom Ltd.82.5108.919.70.22.633.619.342.513.35.5111.74.2111.7
Indus Towers Ltd.359.194736.413.2-0.52.9181032970.16.77144.9-28.127.1-26.6
Bharti Hexacom Ltd.1421.971095391.27.424.29.19577.69.71733.21636.532.8
Tata Communications Ltd.16404675449.4-1.11.8293.525104.481001.6-45.533.2-44.2
Suyog Telematics Ltd.660.8774.312.90.33.3136.7227.61363.155.551.446
OnMobile Global Ltd.50531.6-9.501-1.8-1.1571.8-1.1-11.372-5.2-490.4

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

Strength

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

Strength

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

Strength

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

Risk

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

Risk

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

Risk

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.