Rama Telecom IPO Review & Analysis, Issue Details, Live GMP Today, Live Subscription Status Today, Date, Share Price, Lot Size

Rama Telecom is a technology-driven engineering company specializing in optical fiber-based end-to-end customized networking solutions in the telecom sector. The company is committed to developing seamless and sustainable networking infrastructure using advanced technologies to ensure long-term, precise, and reliable connectivity across India.

With a focus on continuous innovation, the company supports network expansion and technological advancement to connect every corner of the country. It has delivered consistent service to key sectors such as Railways, Telecom, Petroleum, and Airports.

Operations have expanded from the eastern regions to a PAN-India presence, backed by a highly qualified and competent workforce. Strategic partnerships with leading brands reflect the company’s dedication and industry credibility.

Service coverage includes regions like West Bengal, Madhya Pradesh, Gujarat, Maharashtra, Bihar, and Meghalaya, with ongoing projects executed nationwide, across both public and private sector clients. The company currently has 40 employees on its payroll. The Banker to the Company is Kotak Mahindra Bank Limited.

India’s optical fiber cable market is projected to reach USD 2.5 billion by 2026, growing at a CAGR of 20.11%. Optical fiber cables, used for high-speed data transmission via light pulses, offer multiple advantages such as higher bandwidth, compact size, immunity to electromagnetic interference, and data security.

Key growth drivers include:

Increased broadband penetration
Government initiatives like Digital India and Smart Cities Mission
Rising demand for FTTH (Fiber to the Home) and IoT
Accelerated 5G rollout

The market spans both communication sectors (IT & Telecom, Government, MSOs, Defense, Healthcare) and non-communication sectors (sensors, lighting, etc.). However, high installation costs and the growing preference for wireless communication systems may limit growth. Still, technological advancements and rising infrastructure investments continue to create promising opportunities.

Indian Railways Market

Indian Railways, the fourth-largest railway system globally, spans over 132,310 km, with 58,074 km electrified as of April 2024. It plays a crucial role in India's transportation and economic development, serving over 23 million daily passengers.

Modernization is a key priority, with initiatives under “Make in India” including:

Indigenous projects like Vande Bharat Express
Target of fabricating 800 semi-high-speed trains by 2030

The sector presents continuous demand for telecom infrastructure and advanced communication systems, especially for signaling and surveillance.

Indian Telecom Industry

India holds the position of the world’s second-largest telecom market, with over 1.2 billion subscribers and a tele-density of 85.43% as of August 2024. Rural markets, though still emerging, show significant potential with a tele-density of 59.05%, compared to 132.94% in urban areas.

Key developments and statistics:

969 million internet users as of June 2024, with 42% from rural areas
Monthly average data usage per wireless subscriber rose to 17.36 GB in March 2023
5G services launched in all states and UTs, expected to contribute USD 450 billion to GDP by 2040
India ranked 2nd globally in mobile broadband traffic and 3rd in telecom investments

Major growth drivers include:

Affordable mobile tariffs
Expanding 3G/4G and rapid 5G deployment
Government support for domestic manufacturing (e.g., increased customs duty on imported telecom PCBs)
Massive fiberization push: targeting 100% broadband village connectivity, 70% tower fiberization, and 50 lakh km of optical fiber rollout by December 2024

The sector directly and indirectly supports over 4 million jobs and is the 4th largest contributor to FDI inflows in India.

Summary

India’s telecom, railway, and optical fiber cable sectors are undergoing rapid digital transformation, backed by policy support, technological innovation, and infrastructure investments. The growing demand for high-speed connectivity, 5G expansion, and rural network penetration offers significant opportunities, especially for technology-driven players delivering customized and large-scale telecom solutions across diverse applications.

1. Seamless Connectivity & Innovation:
Focused on building and maintaining telecom infrastructure—including fiber optic networks, cell towers, satellite systems, and data centers—to deliver reliable, high-speed connectivity. Utilizes advanced technologies to optimize network performance, manage resources efficiently, and reduce operational costs.

2. Strong Leadership & Skilled Workforce:
Led by Mr. Ramakant Lakhotia, Promoter, Chairman, and Managing Director, whose technical expertise and strategic vision have enabled successful execution of complex projects. Supported by an experienced management team and competent technical personnel.

3. Client Trust through Consistent Performance:
Proven track record in delivering disruption-free, reliable services, consistently meeting service-level agreements and minimizing downtime, thereby strengthening client relationships.

4. Strategic Expansion in High-Growth Telecom Markets:
Focused on expanding presence in high-demand regions and emerging markets, particularly areas undergoing digital transformation or lacking infrastructure. Investments are directed toward network upgrades, fiber expansion, and enhanced connectivity in underserved areas.

5. Business Diversification & Risk Management:
Pursues diversification across telecom segments to unlock additional revenue streams and gain a competitive edge. Maintains strict regulatory compliance and implements effective risk management strategies to protect operations and reputation.

6. PAN-India Growth Across Jurisdictions:
Since its inception in 2004, the company has expanded from a single-state operation to a nationwide presence, including sustained growth even during the COVID-19 pandemic, driven by a capable team and contracts from leading telecom operators.

1. Capability for Government and High-Value Projects:
A technically and financially robust organization, equipped to design, deploy, and maintain advanced telecom and datacom solutions. Proven expertise in network infrastructure, wireless communication, cybersecurity, and data management, with a strong track record of timely, budget-aligned project execution for government and prestigious clients.

2. Fiber Optic Management for Profitability:
Focused on profit optimization through innovative fiber optic management. By sharing fiber infrastructure, the company reduces redundant capital expenditure, improves resource efficiency, and boosts overall profitability.

3. Market Leadership in Underserved Areas:
Targets remote and underserved regions with customized telecom and datacom solutions, where competitors are less active. Strategic investments in local partnerships, scalable operations, and long-term commitments enable a strong competitive edge in challenging markets.

4. Efficient Manpower Allocation:
Implements strategic manpower distribution based on project needs, workload, and location, ensuring each site is staffed with skilled personnel in networking, installation, and maintenance. Emphasizes collaboration, performance monitoring, and optimized scheduling for timely and quality delivery.

5. Quality Enhancement Systems:
Introduces a structured quality enhancement framework with clear objectives and measurable KPIs aligned to business goals. Leverages standardized procedures, automation tools, and quality management software for improved audit control, performance monitoring, and continuous improvement across all operations.

1. Policy-Driven Operations and Government Dependency:
The business is significantly influenced by government policies, with a major share of revenue derived from government contracts. While policy changes may introduce operational challenges, they can also create opportunities for growth and adaptation.

2. Revenue Dependency on Government Contracts and Working Capital Risks:
A substantial portion of revenue is linked to government orders, requiring Earnest Money Deposits (EMD) and Security Deposits. Contracts are prone to delays and extended payment cycles, especially with entities like Indian Railways, leading to potential working capital constraints.

3. Risks from Technology Investments:
Investments in new technologies carry the risk of underutilization if integration is delayed or operational improvements fail to materialize. This can result in reduced efficiency, project delays, or competitive disadvantage.

4. Operational Efficiency through Billing and Credit Control Improvements:
Inadequate billing and credit control systems can cause cash flow disruptions and strain customer relationships, especially with large clients such as Indian Railways. Strengthening these systems is crucial for maintaining financial stability and customer satisfaction.

5. Regional Revenue Concentration Risks:
A large portion of revenue originates from Telangana and West Bengal, reflecting a strong regional market presence. However, this also poses exposure to regional market fluctuations, where adverse events could have a disproportionate impact on overall performance.

Rama Telecom Company’s business strategies are centered around government-driven contracts, technological advancement, and regional dominance. While these provide strength, they also introduce financial, operational, and market-specific risks that require strategic oversight, particularly in working capital management, technology integration, billing systems, and geographic diversification.

Date	IPO Price	Expected Listing Price	GMP	Last Updated
24 June 2025	₹ 68	₹ 74	₹ 6 (8.82%)	02:00 PM; 23 June 2025

Rama Telecom IPO Details
IPO Date	June 25, 2025 to June 27, 2025
Listing Date	July 02, 2025
Face Value	₹ 10.00
Price	₹ 65 to ₹ 68 per share
Lot Size	2,000 Equity Shares
Total Issue Size	36,96,000 Equity Shares (aggregating to ₹ 25.13 Cr)
Fresh Issue	36,96,000 Equity Shares (aggregating to ₹ 25.13 Cr)
Offer for Sale	NA
Issue Type	Book Built Issue
Listing At	NSE SME
Share holding pre issue	95,03,349
Share holding post issue	1,31,99,349

Rama Telecom IPO Lot Size
Application	Lots	Shares	Amount
Retail (Min)	1	2,000	₹1,36,000
Retail (Max)	1	2,000	₹1,36,000
S-HNI (Min)	2	4,000	₹2,72,000
S-HNI (Max)	7	14,000	₹9,52,000
B-HNI (Min)	8	16,000	₹10,88,000

Rama Telecom IPO Timeline (Tentative Schedule)
IPO Open Date	June 25, 2025
IPO Close Date	June 27, 2025
Basis of Allotment	June 30, 2025
Initiation of Refunds	July 01, 2025
Credit of Shares to Demat	July 01, 2025
Listing Date	July 02, 2025
Cut-off time for UPI mandate confirmation	5 PM on June 27, 2025

Rama Telecom IPO Reservation
Investor Category	Shares Offered	Reservation %
QIB Portion	7,36,000	Not More than 50% of the Issue
Non-Institutional Investor Portion	8,34,000	Not Less than 15% of the Issue
Retail Shares Offered	19,40,000	Not Less than 35% of the Issue
Market Maker Portion	1,86,000	5.03% of the Issue

Rama Telecom IPO Review - Issue Date, Price, GMP, Subscription, Allotment, Lot Size, and Details

Rama Telecom IPO Details

Rama Telecom IPO Lot Size

Rama Telecom IPO Timeline (Tentative Schedule)

Rama Telecom IPO Reservation

Rama Telecom IPO Promoter Holding

Rama Telecom IPO Subscription Status

About Rama Telecom Limited

Rama Telecom Limited Financial Information (Restated Consolidated)

Amount in (₹ in Lakh)

Key Performance Indicator

Rama Telecom Limited IPO Peer Comparison

Rama Telecom Limited Contact Details

Rama Telecom IPO Registrar and Lead Manager(s)

Rama Telecom IPO Review

Services

Services

Rama Telecom IPO Promoter Holding
Share Holding Pre Issue	98.98 %
Share Holding Post Issue	71.28 %

Period Ended	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023
Reserve of Surplus	696.16	937.56	676.40
Total Assets	2,864.77	1,943.75	1,640.18
Total Borrowings	494.27	458.67	391.16
Fixed Assets	115.53	123.90	116.16
Cash	142.72	281.23	10.54
Net Borrowing	351.55	177.44	380.62
Revenue	4,247.32	3,747.87	3,322.46
EBITDA	810.13	432.11	189.61
PAT	552.93	261.16	108.34
EPS	5.85	2.77	1.15

Key Performance Indicator
KPI	Values
EPS Pre IPO (Rs.)	₹ 5.85
EPS Post IPO (Rs.)	₹ 4.19
P/E Pre IPO	11.62
P/E Post IPO	16.23
ROE	10.63 %
ROCE	37.06 %
P/BV	0.93
Debt/Equity	0.3
RoNW	33.58 %

Rama Telecom Limited IPO Peer Comparison
Company Name	EPS	ROCE	ROE	P/E (x)	P/Bv	Debt/Equity	RoNW (%)
Rama Telecom Limited	₹ 4.19	37.06 %	10.63 %	16.23	0.93	0.3	33.58 %
SAR Televenture Limited	₹ 9.96	9.31 %	10.1 %	24.3	1.34	0.01	10.1 %

Rama Telecom IPO Subscription Status
Investor Category	Shares Offered	Shares Bid For	No oF Times Subscribed
Qualified Institutional Buyers (QIB)	7,36,000	-	0.00
Non Institutional Investors(NIIS)	10,20,000	-	0.00
Retail Individual Investors (RIIs)	19,40,000	-	0.00
Total	36,96,000	-	0.00