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Rama Telecom IPO
Price Band
₹65.0–68.0
Issue Size
₹25.13 Cr
Lot Size
2,000 shares
Min Investment
₹136,000
GMP
—
Issue Price
₹68.0
Rama Telecom IPO AI Summary
- Rama Telecom IPO is listed on NSE SME in the Telecom - Infrastructure sector.
- Price band: ₹65.0–₹68.0 per share, lot size 2,000 shares (min. investment ₹136,000).
- Subscription window: 25 Jun–27 Jun 2025, listing on 02 Jul 2025.
Rama Telecom Ltd is a telecom infrastructure company specializing in optical fibre solutions and network services. With a strong growth trajectory in revenue and profit, the company is well-positioned in the telecom sector, backed by significant collaborations and a wide service offering.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Rama Telecom IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 27 Jun 2025 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Rama Telecom IPO Grey Market Premium (GMP) Today
GMP not available yet
Grey Market Premium is updated daily. Check back closer to the listing date.
About the Company
Established in July 2004, Rama Telecom Ltd provides customized E2E networking solutions in the Telecom & Datacom forefront The company specialises in optical fibre laying and infrastructure development for clients such as Indian Railways, Airtel, IOCL, and the Airport Authority of India, focusing on seamless networking with sustainable methods and delivering professional quality in telecom and datacom projects. With expertise in optical fibre technologies, the company provides services such as Horizontal Directional Drilling (HDD), Optical Fibre Cable (OFC) laying and blowing, and related telecom infrastructure projects. Rama Telecom also partners with various Original Equipment Manufacturers (OEMs) and distributors, including Nokia, D-Link, Tejas Networks, Exide, Aaram Plastics, Mescab, Mrotek, Puncom, Statcon, Team Engineers, and Webfil, to strengthen its service offerings. The company is involved in infrastructure development, including the installation and maintenance of fibre optic networks, wireless communication solutions, and broadband connectivity services. Services Offered: Optical Fibre Cable (OFC) Laying & Maintenance – Rama Telecom specialises in laying and maintaining fibre optic networks using advanced technologies such as Horizontal Directional Drilling (HDD) and micro-trenching. Network Planning & Design – The company offers customised solutions for telecom networks, ensuring efficiency and scalability for clients. Installation & Commissioning – Rama Telecom provides end-to-end services for telecom equipment installation, including mobile towers, switching systems, and transmission networks. Turnkey Project Management – The company manages large-scale projects from inception to completion, ensuring timely and cost-effective execution. Data Communication Solutions- Rama Telecom plays a crucial role in expanding broadband connectivity and high-speed internet services across India. As of September 30, 2024, the company has 40 employees, including Directors and Key Managerial Personnel overseeing operations, compliance, and Senior Managerial Personnel managing administration, marketing, and accounting functions according to their goals. Competitive Strength: It specializes in optical fiber cable (OFC) laying, horizontal directional drilling (HDD), and network expansion across India. Collaborates with major telecom service providers such as Reliance Jio, Airtel, Vodafone Idea, BSNL, and Tata Communications. Pan-India Presence and Execution Capability. Offers data centre solutions and cloud-based services for enterprises. Provides customised, high-quality telecom solutions tailored to client needs. Experienced professionals in telecom engineering, project management, and network optimisation.
Company Financials (₹ Cr)
As of 2025-03-31
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 28.65 | 19.44 | 16.41 |
| Total Income | 42.47 | 37.48 | 33.22 |
| Profit After Tax | 5.53 | 2.61 | 1.08 |
| EBITDA | 8.00 | 4.10 | 1.65 |
| NET Worth | 16.46 | 9.53 | 6.92 |
| Reserves and Surplus | 6.96 | 9.38 | 6.76 |
| Total Borrowing | 5.00 | 4.64 | 3.96 |
Key Ratios
EPS
₹5.82
NAV
₹17.41
ROE
10.63%
ROCE
37.06%
RoNW
33.58%
P/B Value
3.91
P/E Ratio
11.69
Market Cap
₹89.76 Cr
PAT Margin
13.24%
Debt/Equity
0.30
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Sar Televenture Limited | 239.37 | 5.79% | 19.04 | 13.85 | 13.85 |
| RailTel Corporation of India Limited This IPO | 56.93 | 13.47% | 52.07 | 7.67 | 7.67 |
Promoters
Rama Kant Lakhotia, Neena Lakhotia, Nikita Lakhotia and Simran Lakhotia
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 To meet working capital Expenses 14.01 2 To meet Capital Expenditure 6.14 3 General Corporate Purposes 2.34 4 To meet the offer related expenses 2.64
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income increased from ₹33.22 Cr for the period ending 31 Mar 2023 to ₹37.48 Cr by 31 Mar 2024, and further rose to ₹42.47 Cr by 31 Mar 2025. This indicates a steady growth in revenue over the last two years.
Profit Trend
Profit After Tax (PAT) grew from ₹1.08 Cr in the period ending 31 Mar 2023 to ₹2.61 Cr by 31 Mar 2024, and further increased to ₹5.53 Cr by 31 Mar 2025. This consistent rise in profit reflects the company's improving financial performance.
Valuation
At the issue price of ₹68.0, Rama Telecom has an implied P/E ratio of 11.69, compared to peers with P/E ratios ranging from 19.04 to 52.07.
Grey Market Premium, Explained
The Grey Market Premium (GMP) is an unofficial indicator of an IPO's demand before it lists on the stock exchange. It reflects the price at which shares are expected to trade in the grey market, which can differ from the issue price. A high GMP may suggest strong demand, while a low or negative GMP could indicate weaker interest.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment goals and risk tolerance. It's important to consider the company's fundamentals, market conditions, and individual financial situations.
Who May Want to Wait
Investors who are risk-averse or uncomfortable with the potential for short-term price fluctuations may want to avoid IPOs like this. Additionally, those seeking immediate returns may find such investments unsuitable.
IPO Timeline, Explained
The IPO process involves several key dates: the issue opens on June 25, 2025, and closes on June 27, 2025. Allotment of shares will occur by June 30, 2025, with the listing date set for July 2, 2025.
Listing Gains — The Risk
Listing-day gains can be unpredictable and depend on various factors, including market sentiment and demand for the stock. Investors should be aware that while some IPOs may experience significant gains on their first day of trading, others may not perform as well, leading to potential losses.
This evaluation is generated from Rama Telecom's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is the price band of Rama Telecom IPO?
The price band of Rama Telecom IPO is ₹65.0–₹68.0 per share.
When does Rama Telecom IPO open and close?
Rama Telecom IPO opens on 25 June 2025 and closes on 27 June 2025.
When does Rama Telecom IPO list on the stock exchange?
Rama Telecom IPO listed on 02 July 2025 at ₹68.0.
What is the lot size for Rama Telecom IPO?
The lot size for Rama Telecom IPO is 2000 shares, requiring a minimum investment of ₹136,000.
What is the price band for the IPO?
The price band for the IPO is ₹65.0 to ₹68.0.
What is the lot size for this IPO?
The lot size for this IPO is 2000 shares.
What is the minimum investment required?
The minimum investment required is ₹136,000.
When does the IPO open and close?
The IPO opens on June 25, 2025, and closes on June 27, 2025.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected price of the stock in the grey market before it officially lists.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
25 Jun 2025
Close
27 Jun 2025
Allotment
30 Jun 2025
Listing
02 Jul 2025
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