IPO Details
Bidding Dates
25 Jun '25 - 27 Jun '25
Minimum Investment
₹1,30,000/ 1 Lot (2,000 Shares)
Price Range
₹65-₹68
Maximum Investment
₹1,36,000/ 1 Lot (2,000 Shares)
Retail Discount
To be announced
Issue Size
₹25.13 Cr
Investor category and sub category
Retail Individual Investors (RII) | Non-institutional Investors (NII) | Qualified Institutional Buyers (QIB) |Rama Telecom IPO Important Dates
Important dates with respect to IPO allotment and listing
IPO Opening Date
Jun 25, 25
IPO Closing Date
Jun 27, 25
Basis of Allotment
Jun 30, 25
Initiation of Refunds
Jul 01, 25
IPO Listing Date
Jul 02, 25
Rama Telecom IPO Subscription Details
Date | QIB | NII | Retail | Total |
---|---|---|---|---|
Day 1Jun 24, 2025 |
0.00 | 0.00 | 0.05 | 0.03 |
About Rama Telecom IPO
Rama Telecom is launching its IPO through a book-building issue worth ₹25.13 crore. The entire offering consists of a fresh issue of 36.96 lakh equity shares. The IPO opens for public subscription on June 25, 2025, and will close on June 27, 2025.
The allotment of shares is expected to be finalised on June 30, 2025. Rama Telecom is scheduled to list on NSE SME, with a tentative listing date set for July 2, 2025. The price band for the IPO has been fixed at ₹65 to ₹68 per share. Investors can apply for a minimum of 2,000 shares, requiring a retail investment of ₹1,30,000.
To improve chances of allotment, investors are advised to bid at the cutoff price, which amounts to approximately ₹1,36,000. For HNI investors, the minimum application is 2 lots, or 4,000 shares, which comes to ₹2,72,000.
Affinity Global Capital Market Private Limited is acting as the book-running lead manager, while Cameo Corporate Services Limited has been appointed as the registrar. Asnani Stock Broker Private Limited will serve as the market maker for this issue.
Industry Outlook
- The global fibre optical cable market is projected to grow from $84.85 billion in 2024 to $111.97 billion by 2028 at a CAGR of 7.2%. This rise is driven by growing data demand, IoT expansion, and smart city development, offering increased opportunities for companies like Rama Telecom Limited that operate in the telecom infrastructure space.
- The global telecom market is also witnessing healthy growth, expected to increase from $3106.93 billion in 2024 to $3898.79 billion by 2028 at a CAGR of 5.8%. Factors such as smartphone penetration, cloud computing, and 5G rollout are expected to drive industry expansion, benefiting players engaged in telecom services and equipment.
- In India, the telecom sector remains one of the world’s largest, with 1.2 billion subscribers and growing rural internet adoption. Government efforts like the 5G spectrum auction and increased digital infrastructure are expected to support consistent demand for telecom hardware.
Rama Telecom IPO Objectives
The company plans to allocate the net proceeds from the issuance to the following purposes:
- The funds will be used to meet working capital needs for smooth daily operations.
- A portion of the proceeds will be allocated towards capital expenditure for business expansion.
- The company aims to use the funds for general corporate purposes to support overall growth.
- Part of the issue proceeds will also be used to cover expenses related to the IPO process.
About Rama Telecom Limited
Rama Telecom Limited, established on July 12, 2004, in Kolkata as Rama Telecom Private Limited, is a technology-driven engineering company offering end-to-end customised networking solutions. Initially incorporated under the Companies Act, 1956, the company was converted into a public limited entity in November 2024, now operating as Rama Telecom Limited.
The company specialises in optical fibre technology and focuses on creating seamless and sustainable networking infrastructure. Its services support critical sectors including Railways, Telecom, Petroleum, and Airports. Under the leadership of Promoter and Managing Director Mr. Ramakant Lakhotia, who has over three decades of telecom experience, Rama Telecom has grown significantly across India.
The leadership team also includes Simran Lakhotia as CFO and Shree Kant Lakhotia as Non-Executive Director. In the railway sector, the company manages Device-to-Device (D2D) communication projects with a strong emphasis on planning, execution, and seasonal adaptability.
In the telecom segment, Rama Telecom plays a major role in managing optical fibre network installations and infrastructure upgrades, contributing significantly to revenue generation. The company’s operations span across multiple Indian states including West Bengal, Madhya Pradesh, Gujarat, Maharashtra, Bihar, and Meghalaya.
With ongoing projects at the national level and a strong workforce, Rama Telecom continues to expand its footprint, ensuring reliable and future-ready communication solutions throughout India.
How To Check the Allotment Status of Rama Telecom IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
How To Apply for the Rama Telecom IPO Online?
- Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
- Locate the IPO Section: Navigate to the 'IPO' section on the platform.
- Select IPO: Find and select the Rama Telecom IPO from the list of open IPOs.
- Enter the Lot Size: Specify the number of lots you want to bid for.
- Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
- Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.
Contact Details of Rama Telecom IPO
Registered office: Kamalalaya Centre 156A, Lenin Sarani, Room No-302, 3rd Floor Kolkata West Bengal-700013
Phone:+91 62909 52944
E-mail:cs@ramatelecom.net
Rama Telecom IPO Reservation
Investor Category |
Shares Offered |
Market Maker Shares |
1,86,000 (5.03%) |
QIB Shares |
7,36,000 (19.91%) |
NII Shares |
8,34,000 (22.56%) |
Retail Shares |
19,40,000 (52.49%) |
Rama Telecom IPO Promoter Holding
The promoters of the company include Mr. Rama Kant Lakhotia, Mrs. Neena Lakhotia, Ms. Nikita Lakhotia & Ms. Simran Lakhotia.
Share Holding Pre-Issue |
98.98% |
Share Holding Post Issue |
- |
Note: Equity dilution will be determined by subtracting the Shareholding Post Issue from the Shareholding Pre Issue.
Rama Telecom IPO Lot Size
Investors are required to apply for a minimum of 2,000 shares, with applications accepted in multiples thereafter. The table below shows the minimum and maximum share applications and corresponding investment amounts for both Retail Investors and HNIs.
Application |
Lots |
Shares |
Amount |
Retail (Min) |
1 |
2,000 |
₹1,30,000 |
Retail (Max) |
1 |
2,000 |
₹1,36,000 |
HNI (Min) |
2 |
4,000 |
₹2,72,000 |
Key Performance Indicators for Rama Telecom IPO
KPI |
Value |
ROE (%) |
10.63 |
ROCE(%) |
37.06 |
Debt/Equity |
0.30 |
RoNW (%) |
33.58 |
PAT Margin |
13.24 |
Rama Telecom IPO Prospectus
Rama Telecom IPO Registrar and Lead Managers
Rama Telecom IPO Lead Managers
- Affinity Global Capital Market Private Limited
Registrar for Rama Telecom IPO
Cameo Corporate Services Limited
- Contact Number: +91-44-28460390
- Email Address: investor@cameoindia.com
Rama Telecom IPO Registrar
Financial Performance of Rama Telecom Limited
Particulars | Year ending on March 31, 2024 | Year ending on March 31, 2023 | Year ending on March 31, 2022 |
---|---|---|---|
Revenue from Operation (in ₹ lakh) | 3718.77 | 3310.07 | 3251.34 |
Profit/ (loss) for the year (in ₹ lakh) | 261.17 | 108.34 | 100.75 |
Earnings per Share (₹) | 163.23 | 67.71 | 62.97 |
Net Worth (in ₹ lakh) | 953.56 | 692.4 | 584.05 |
Return on Capital Employed (RoCE) (%) | 29.33 | 16.74 | 21.56 |
Return on Equity (ROE) (%) | 27.39 | 15.65 | 17.25 |
Operating EBITDA (in ₹ lakh) | 380.63 | 152.58 | 153.60 |
Know before investing
Strengths
8-
PAN-India presence since 2004 shows consistent growth across jurisdictions.
-
Optical fiber strategies like FTTH and sharing boost profitability and reach.
-
17.36 GB average monthly data use in India drives demand.
-
Experienced leadership enables smooth execution of complex telecom projects.
-
Strong client trust built through reliable, disruption-free telecom services.
-
Technical and financial capabilities support government and prestigious projects.
-
Skilled manpower and efficient site operations ensure timely project delivery.
-
New quality systems improve performance, using tech-led project monitoring tools.
Risks
8-
Heavy reliance on key customers may impact revenue if lost.
-
Supply disruptions from top 10 vendors can affect operations.
-
Experienced negative cash flows in the past, which may continue in future.
-
Contingent liabilities may hurt financials if they materialise unexpectedly.
-
Legal proceedings could affect cash flows and management focus.
-
Delayed government dues may harm future business operations significantly.
-
Weather disruptions delay cable laying and reduce operational efficiency.
-
Input cost volatility, with purchases at ₹1,821.68 lakh FY23.

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Rama Telecom IPO Peer Comparison
Company Name | EPS (Basic) | NAV (per share) (₹) | P/E (x) | RoNW (%) |
---|---|---|---|---|
Rama Telecom Limited | 120.18 | 716.16 | - | 16.78 |
RailTel Corporation of India Limited | 7.67 | 56.93 | 52.07 | 13.47 |
HFCL | 2.34 | 27.77 | 49.20 | 8.44 |
Rama Telecom IPO FAQs

Rama Telecom IPO is a book-built issue IPO. It runs from June 25, 2025, to June 27, 2025.

The Basis of Allotment will happen on Monday, June 30, 2025.

The IPO subscription window will open on June 25, 2025.

The minimum lot size retail investors can subscribe to is 1 lot, and the lot size is 2,000 shares.

The listing date for Rama Telecom IPO is Wednesday, July 2, 2025.

The issue size of the Rama Telecom IPO is up to ₹25.13 crore.

The open and close dates for Rama Telecom IPO are from June 25, 2025, to June 27, 2025.

Listing gains cannot be ascertained before the listing of the IPO on the stock exchange.

You will receive a notification once your order is successfully placed with the exchange after the bidding starts.

Cameo Corporate Services Limited is the registrar responsible for managing the IPO allotment process and handling investor queries.

Rama Telecom IPO is proposed to be listed on the SME platform of the National Stock Exchange (NSE).

- Multiple Submissions: Use different Demat accounts to make multiple applications.
- Higher Price Band Bidding: Opt for bidding at the cut-off price or higher price band.
- Timely Subscription: Ensure you subscribe to the IPO within the specified time frame.

You must complete the payment process by logging in to your UPI handle and approving the payment mandate.

You can submit only one application using your PAN card.

To read Rama Telecom Limited’s financial statements, download the IPO’s RHP document.

Pre-apply allows investors to apply for the Rama Telecom IPO two days before the subscription period opens, ensuring an early submission of your application.

Your order will be placed when the IPO opens for bidding, and a UPI request will follow within 24 hours.