IPO Details
RHP/DRHPIssue Date
25 Jun - 27 Jun'25
Investment/lot
₹ 136000
Price Range
65 - 68
Lot Size
2000
IPO Size
₹ 24.02 - ₹ 25.13 Cr
Schedule of Rama Telecom IPO
Start date
25/06/2025
End date
27/06/2025
Allotment of bids
30/06/2025
Refund Initiation
01/07/2025
Listing on exchange
02/07/2025
About Rama Telecom IPO
Rama Telecom Limited IPO is an IPO of up to 36,96,000 equity shares, aggregating up to 25.13 crores. It consists of a fresh issue of up to 36,96,000 equity shares. The price band of the issue is between ₹65 and ₹68. The lot size is 2000.
The IPO opens on June 25, 2025 and closes on June 27, 2025. The shares will be allotted on 30 June 2025. The listing of shares will take place on July 2, 2025. The credit of shares to the demat account will take place on July 1, 2025 and the initiation of refunds will take place on July 1, 2025.
Objective of Rama Telecom IPO
- To meet the working capital requirements.
- To meet capital expenditure.
- General corporate purpose.
- To meet the offer expenses.
Rama Telecom IPO Valuation
| Detail | Information |
|---|---|
Upper Price Band (₹) | ₹68 |
Existing Shares to be Sold | -- |
Fresh Issue | Up to 36,96,000 Equity Shares |
EPS (₹) For the year ended March 31, 2025 | 5.85 |
Rama Telecom IPO Share offer and Subscription Details
| Investor Category | Shares Offered |
|---|---|
QIB Shares Offered | Not more than 50% |
Retail Shares Offered | Not less than 35% |
NII (HNI) Shares Offered | Not less than 15% |
Industry Outlook
The telecom industry in India is the second largest in the world, with a subscriber base of 120 crores as of Aug 2024 (wireless + wireline subscribers). The Indian optical fibre cables market is expected to reach US$ 250 crores by 2026 at a CAGR of 20.11 during the forecast period.
Company Information
Rama Telecom Limited is a technology-driven engineering company with expertise in optical fibre, providing end-to-end customised networking solutions at the telecom forefront. They have been providing continuous support of their services to the Railways, Telecom, Petroleum, and Airport sector. Their capabilities span network infrastructure, wireless communication, cybersecurity, and data management, supported by a proven track record of delivering projects on time, within budget, and to client satisfaction.
Rama Telecom IPO Strengths
Vast experience of 20 years.
PAN India footprints.
Working with both government and private authorities
Risks of Rama Telecom IPO
- High capital expenditure.
- Dependency on regulations.
- Optical fibre cables are comparatively more fragile.
All Financial Information about Rama Telecom IPO
Particulars (in Rs. crores)
Particulars (in Rs. crores)
Comparison with peers
| Parameter | Rama Telecom Ltd | SAR Televenture |
|---|---|---|
PAT (in crores) | 5.529 | 46.901 |
P/E Ratio | -- | 19.04 |
EPS (Basic) | 5.85 | 13.85 |
Return on Net Worth | 33.58 | 5.79 |
NAV per share (₹ per share) | 17.41 | 239.37 |
Anchor Investor Information
The Anchor Investor Bid/Offer Period shall be one Working Day prior to the Bid/Issue Opening Date. June 24, 2025
IPO Registrar and Book Running Lead Managers
Book running lead managers:
Affinity Global Capital Market Private Limited
Registrar for the IPO is Cameo Corporate Services Limited
Business Model
The company earns its revenue from the following sources:
- Building and maintaining telecommunications infrastructure, including fibre optic cables, cell towers, satellite systems, and data centres. This is essential for reliable and high-speed connectivity in modern communication.
Company Growth Trajectory
Total income for the financial year 2024-25 stood at ₹42.47 crore, whereas the same stood at ₹37.48 crore in the financial year 2023-24, representing an increase of 13.33%.
Revenue from operations for the financial year 2024-25 stood at ₹41.76 crore as against ₹37.19 crore in the financial year 2023-24, representing an increase of 12.29%. Other income increased from ₹0.29 crore in FY 2024 to ₹0.72 crore in FY 2025, which is an increase of 145.82% over FY 2024.
For the financial year 2024-25, the company reported a profit after tax (PAT) of ₹5.53 crore, marking an impressive increase of 111.72% compared to ₹2.61 crore in FY 2023-24. The PAT margin also saw a significant improvement, with PAT contributing 13.02% of total income in FY 2024-25, compared to 6.97% in FY 2023-24. This growth is the result of the company's operational strategy and management of costs to enhance the overall profit margin.
Company Market Position
Rama Telecom Limited have tapped into various regions across India with both their public and private service partners. Their competent employees in every state have helped build efficiency in all projects and target bigger contracts. In terms of providing services, they are present in West Bengal, Madhya Pradesh, Gujarat, Maharashtra, Bihar and Meghalaya to name a few.
The company’s total income during the financial year that ended on 31 March 2025 stood at ₹42.47 crore, EBITDA at ₹7.28 crores, and PAT at ₹5.53 crores, respectively.
Rama Telecom IPO Company Profit & Loss
| Parameter | FY25 | FY24 | FY23 |
|---|---|---|---|
Total Income (₹crores) | 42.473 | 37.479 | 33.225 |
Profit Before Tax (₹crores) | 7.457 | 3.577 | 1.373 |
Net Profit (₹crores) | 5.529 | 2.612 | 1.083 |
EBITDA (₹crores) | 7.281 | 3.806 | 1.526 |
EPS (₹) | 5.85 | 2.77 | 1.15 |
Cash Flow Statement:
| Parameter | FY23 | FY24 | FY25 |
|---|---|---|---|
Profit before tax (₹crores) | 7.457 | 3.577 | 1.373 |
Net Cash from Operating Activities (₹crores) | (1.409) | 0.823 | 0.121 |
Net Cash from Investing Activities (₹crores) | (1.694) | 1.790 | (2.764) |
Net Cash from Financing Activities (₹crores) | 1.261 | 0.094 | 1.334 |
Cash and Cash Equivalents (₹crores) | 1.427 | 2.812 | 0.105 |
How To Check Allotment Status of Rama Telecom IPO?
You can check the allotment status of shares either on the website of the National Stock Exchange (NSE) or on the website of the registrar Cameo Corporate Services Limited.
To check the status on the NSE website:
- Visit the NSE website
- Click on “Investor Services” and choose “Application Status Check”
- Choose the issue type — Equity or Debt (Equity in this case)
- Select the Issue Name from the drop-down. The issue name is the company’s name, which is Rama Telecom Limited
- Enter your application number or PAN number
- Check the box which says “I’m not a Robot” and click on “Search” to know the allotment status
Follow these steps to know the allotment status on the registrar’s website:
- Visit the Cameo Corporate Services Limited website
- Choose “Public Issues” from the “Investor Services” drop-down
- Select Rama Telecom Limited from the drop-down
- Enter your PAN number or Application number
- Click on “Submit” to know the allotment status
How to Apply for Rama Telecom IPO?
To apply for this IPO:
- Step 1: Log in to your Kotak Securities Demat account: Log in to your Demat account to access IPO investments. Next, select the current IPO section
- Step 2: Specify IPO details: Enter the number of lots and the price you wish to apply for
- Step 3: Enter UPI ID: After entering your UPI ID, click submit. This will place your bid with the exchange
- Step 4: Mandate Notification: Your UPI app will receive a mandate notification to block funds
- Step 5: Approve Request: Your funds will be blocked once you approve the mandate request on your UPI
This article is for informational purposes only and does not constitute financial advice. It is not produced by the desk of the Kotak Securities Research Team, nor is it a report published by the Kotak Securities Research Team. The information presented is compiled from several secondary sources available on the internet and may change over time. Investors should conduct their research and consult with financial professionals before making any investment decisions. Read the full disclaimer here.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing. Please read the SEBI-prescribed Combined Risk Disclosure Document before investing. Brokerage will not exceed SEBI’s prescribed limit.
Rama Telecom IPO FAQs
What is the minimum lot size required for Rama Telecom IPO?
The minimum lot size is 2000 shares and the investment required is ₹136000.
What is the price band of the Rama Telecom IPO?
The price band of Rama Telecom IPO is ₹65 to ₹68.
Where can I read more about Rama Telecom business?
You can read more about Rama Telecom and its IPO from the company’s red herring prospectus (RHP) here.
What is the Rama Telecom IPO?
The Rama Telecom Limited IPO has an issue size of up to 36,96,000 equity shares. The IPO opens for subscription on 25 June 2025 and closes on 27 June 2025 .
Who is the Registrar for Rama Telecom IPO?
Cameo Corporate Services Limited is the registrar for this IPO.
