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26 Jun, 2025
Rama Telecom Limited IPO
Rama Telecom Limited opened its Initial Public Offering (IPO) on June 25, 2025 and it will be active until June 27, 2025. This particular IPO is a new issue of equity shares totaling to 36.96 lakhs with the company seeking to raise ₹25.13 crores at a price band of ₹65 to ₹68 per share. Proposed listing is on the NSE SME platform with a tentative date July 2, 2025. The money raised will primarily be used for the working capital expenses and capital expenditure further strengthening the balance sheet while expanding company capabilities.
Company Background
Based in Kolkata, West Bengal, Rama Telecom Limited is an engineering company established in July 2004 that specializes in custom network solutions for the telecom and datacom industries. The company began as a private limited entity but emerged as a public limited company in November 2024. Now boasting over 18 years of experience, Rama has expanded from serving eastern India to gaining national presence, providing services to vital infrastructure industries like Indian Railways, telecom operators, petroleum companies, and airports.
Operations & Product Range
Facility & Production
The company offers services like laying optical fibre cables (OFC), horizontal directional drilling (HDD), excavation, maintenance of OFC, installation and commissioning of telecommunication gear such as STM and MUX, providing broadband connectivity solutions, advanced network planning and design as well as turnkey project management and data communication solutions. As of late 2024, Rama Telecom has approximately 40 full-time employees based all over India.
Brands & Market Presence
Rama Telecom has a strong client base including Indian Railways, Airtel, Reliance Jio, IOCL and the Airport Authority of India. It partners with reputed OEMs and distributors such as Nokia, Tejas Networks, D-Link, Mrotek and Statcon, enhancing its service offerings. The company’s presence spans multiple Indian states, with significant projects in Telangana, West Bengal and other regions.
Revenue Channels
This firm makes revenue through telecom infrastructure services- laying of optical fibre cables, maintenance, installation and commissioning of networks. Its revenue has been increasing: 37.48 crore in FY24 and 42.47 crore in FY25. The profit after tax (PAT) rose by 112 percent to 5.53 crore in FY25. The revenue is generated through a combination of government and non-government clients in telecom, railways, petroleum and airport infrastructure.
Promoters & Shareholding
The company is promoted by Mr. Ramakant Lakhotia, who serves as the Managing Director and brings over three decades of experience in the telecom sector. Other key members include Simran Lakhotia (Chief Financial Officer) and Shree Kant Lakhotia (Non-Executive Director).
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Rama Telecom Limited IPO
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Rama Telecom Limited IPO Details
| Detail | Description |
|---|---|
| IPO Date | June 25, 2025 to June 27, 2025 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Issue Price Band | ₹65 to ₹68 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 36,96,000 shares (aggregating up to ₹25.13 Cr) |
| Reserved for Market Maker | 1,86,000 shares (aggregating up to ₹1.26 Cr) |
| Net Offered to Public | 35,10,000 shares (aggregating up to ₹23.87 Cr) |
| 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 |
Rama Telecom Limited IPO Timeline
| Detail | Description |
|---|---|
| IPO Open Date | Wed, Jun 25, 2025 |
| IPO Close Date | Fri, Jun 27, 2025 |
| Tentative Allotment | Mon, Jun 30, 2025 |
| Initiation of Refunds | Tue, Jul 1, 2025 |
| Credit of Shares to Demat | Tue, Jul 1, 2025 |
| Tentative Listing Date | Wed, Jul 2, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on June 27, 2025 |
Rama Telecom Limited IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹1,36,000 |
| Retail (Max) | 1 | 2000 | ₹1,36,000 |
| HNI (Min) | 2 | 4000 | ₹2,72,000 |
Rama Telecom Limited IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| Share Holding Pre Issue | 98.98% |
| Share Holding Post Issue | - |
Competitive Strength:
- -
Rama Telecom Limited IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Total Borrowing | |||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 31 Mar 2025 | 28.65 | 42.47 | 5.53 | 16.46 | 5 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2024 | 19.44 | 37.48 | 3 | 9.53 | 4.64 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2023 | 16.41 | 33.22 | 1.08 | 6.92 | 3.96 | |||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 10.63% |
| ROCE | 37.06% |
| Debt/Equity | 0. |
| - | - |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | ||
| P/E (x) |
IPO Objectives
The IPO proceeds will be primarily utilized for:
- Working capital requirements to support ongoing and new projects (approximately ₹14.01 crore).
- Capital expenditure to expand infrastructure and capabilities (approximately ₹6.14 crore).
These objectives aim to strengthen the company’s operational capacity and balance sheet to support future growth.
Conclusion
Rama Telecom Limited is a company that is making an initial public offering (IPO) that enables investors to invest in a rapidly growing telecom infrastructure company with a solid presence in India and a diverse client base. The adoption of optical fibre technology and expertise in the construction and management of telecom projects enables the firm to benefit from the growing telecom and datacom market in India. Its consistent financial performance and an experienced management team contribute to the appeal of the company which intends to expand even more using the IPO funds.
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