Rama Telecom SME: Check IPO Date, Live Subscription and Key Details
Rama Telecom is a technology-driven engineering company specializing in optical fiber and customized networking solutions. Its key business segments include the Railway Sector (Device to Device (D2D) communication, optical fiber communication (OFC) rooms, cable laying) and the Telecom Sector (managing optical fiber network projects). The company has successfully completed projects for clients like Indian Railways, Airtel, IOCL, and the Airport Authority of India, focusing on seamless networking with sustainable methods.
Price Range
₹65.00-68.00
Issue Size
₹23.87 Cr
Lot Size
2,000 shares
IPO Type
NSE SME
GMP
-
Est. Listing Price
₹68
Estimate Profit
-
Retail Portion
-
Key Metrics
Check Live GMPGMPFace Value
₹10
EPS
4.19
P/E Ratio
16.23
RoNW
33.58%
ROE
10.63%
Debt to Equity
0.3
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Timeline
IPO Opens
25 Jun
IPO Closes
27 Jun
Allotment
30 Jun
Listing
2 Jul
IPO Timeline & Listing Details
| Event | Date | Details |
|---|---|---|
| IPO Open Date | 25 June 2025 | Subscription starts |
| IPO Close Date | 27 June 2025 | Subscription ends |
| Allotment Date | 30 June 2025 | Allotment |
| Listing Date | 2 July 2025 | Listing |
Investment Categories
| Category | Lots | Amount |
|---|---|---|
Individual | 2 | ₹2,72,000 |
SHNI (Min) | 3 | ₹4,08,000 |
SHNI (Max) | 7 | ₹9,52,000 |
BHNIAbove ₹10,00,000 | 8 | ₹10,88,000 |
IPO Objectives
- To meet working capital Expenses.
- To meet Capital Expenditure.
- General Corporate Purposes.
- To meet the offer related expenses.
Strengths
- Providing seamless connectivity and fostering innovation through its expertise in optical fiber and customized networking solutions.
- Experienced directors and management team with extensive domain knowledge in the telecom industry.
- Consistent performance in building trust with clients, having successfully executed projects for prestigious public and private entities like Indian Railways, Airtel, IOCL, and Airport Authority of India.
- Growing presence in the Telecommunication sector with high growth potential, driven by increasing demand for high-speed internet and 5G rollout.
- Well-equipped for government and prestigious client projects, offering end-to-end solutions from planning and design to installation and maintenance.
Weaknesses
- Heavy reliance on a few key clients, particularly Indian Railways, from whom the company derives a significant portion of its revenues. The loss of any significant customer may have a material and adverse effect on the company's business and results of operations.
- The sudden boost in net margins for FY25 raises eyebrows and concern over its sustainability, as it operates in a highly competitive and fragmented segment.
- Working capital-intensive business, requiring significant funds for raw material procurement, salaries, and other operational expenses, which could strain cash flow if not managed efficiently.
- Past delays in GST, PF, and ESI filings, and pending tax litigations totaling over ₹1.30 crore, indicate potential compliance weaknesses and financial risks.
- Project-based revenue model: The company's earnings are largely driven by project execution timelines, meaning any delays in government approvals, permissions, or clearances can directly impact cash flow and profitability.
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Financial Performance
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets (₹ Cr.) | 28.65 | 19.44 | 16.41 |
| Revenue (₹ Cr.) | 42.47 | 37.48 | 33.22 |
| PAT (₹ Cr.) | 5.53 | 2.61 | 1.08 |
| Net Worth (₹ Cr.) | 16.46 | 9.53 | 6.92 |
Peer Comparison
| Company | P/B Ratio | P/E Ratio | RONW (%) | Net Worth (₹ Cr.) |
|---|---|---|---|---|
| Rama Telecom | 3.91 | 16.23 | 10.63% | 11.46 |
| RailTel Corporation | 6.79 | 45.33 | 14.99% | 1,827 |
| Sar Televenture Limited | 1.33 | 24.29 | 5.49% | 71.8 |
Subscription Details
Daily Bids Status
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 1x | 1x | 1x |
| NII | 0.3x | 0.89x | 1.66x |
| RII | 0.39x | 1.14x | 1.81x |
| Total | 0.5x | 1.05x | 1.61x |
Overall Subscription Statistics
| Category | Shares Offered | Shares Bid | Bid Amount (₹ Cr) |
|---|---|---|---|
| QIB | 7,36,000 | 7,36,000 | 5 |
| NII | 8,34,000 | 13,84,000 | 9.41 |
| RII | 19,40,000 | 35,14,000 | 23.9 |
| Total | 35,10,000 | 56,34,000 | 38.31 |
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Company Details
- Rama Telecom Limited
- Kamalalaya Centre 156A, Lenin Sarani, Room No-302, 3rd Floor, Kolkata, West Bengal-700013, India
- +91 62909 52944
- cs@ramatelecom.net
- https://ramatelecom.net/
Registrar Details
- Cameo Corporate Services Limited
- +91-44-28460390
- investor@cameoindia.com
- https://ipo.cameoindia.com/
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