The IPO of Rama Telecom Limited, a company offering customized telecom and datacom solutions, opened for subscription on Wednesday, June 25, 2025. Though the offering generated notable interest from Qualified Institutional Buyers (QIBs), retail and non-institutional investor participation remained muted on the first day. According to data from the stock exchange, the IPO was subscribed 0.41 times by 4:00 PM, signaling cautious investor sentiment in the SME segment.
Let’s dive into the complete IPO details, subscription status, grey market premium, and everything investors should know.
Rama Telecom IPO Subscription Status (As of June 25, 4:00 PM)
- Overall Subscription: 0.41 times
- Retail Investors: 0.30 times
- Non-Institutional Investors (NIIs): 0.17 times
- Qualified Institutional Buyers (QIBs): Fully Subscribed
While QIBs demonstrated confidence in the company’s potential, the tepid response from retail and NII categories reflects broader market caution or sector-specific apprehension.
Rama Telecom IPO Important Dates
| Event | Date |
|---|---|
| IPO Opening Date | June 25, 2025 |
| IPO Closing Date | June 27, 2025 |
| Allotment Date | June 30, 2025 (Monday) |
| Refunds Initiation | July 1, 2025 (Tuesday) |
| Share Credit to Demat | July 2, 2025 (Wednesday) |
| Listing Date (on NSE SME) | July 2, 2025 (Wednesday) |
Rama Telecom IPO Price Band, Size, and Lot Details
- Price Band: ₹65 to ₹68 per share
- IPO Size: ₹25.13 crore (Fresh Issue of 36.96 lakh equity shares)
- Lot Size: 2,000 shares
- Minimum Investment (Retail): ₹1,36,000
- Issue Type: Book Built Issue
- Face Value: ₹10 per equity share
IPO Reservation Breakdown
- Qualified Institutional Buyers (QIB): 7.3 lakh shares
- Non-Institutional Investors (NII): 8.34 lakh shares
- Retail Investors: 19.4 lakh shares
Rama Telecom IPO GMP Today
As per market observers, the Grey Market Premium (GMP) for Rama Telecom IPO stood at ₹5 on Tuesday, indicating a likely listing at ₹73 per share. This suggests a 7.35% premium over the upper price band of ₹68. However, GMPs are speculative and can change rapidly based on market sentiment.
Rama Telecom Limited: Company Overview
Established in: July 2004
Headquartered in: New Delhi, India
Business Focus: E2E customized telecom and datacom networking solutions
Key Services:
- Optical fiber cable laying
- Turnkey telecom infrastructure development
- Sustainable networking solutions for enterprise and government clients
Major Clients:
- Indian Railways
- Airtel
- Indian Oil Corporation Limited (IOCL)
- Airport Authority of India (AAI)
The company is known for high-end execution of telecom and datacom infrastructure projects across India, with a strong reputation for timely and quality delivery.
Use of IPO Proceeds
Rama Telecom plans to utilize the IPO proceeds for:
- Meeting working capital requirements
- Capital expenditure for business expansion
- General corporate purposes
- Covering IPO-related expenses
Lead Managers and Registrars
- Book Running Lead Manager (BRLM): Affinity Global Capital Market Private Limited
- Registrar: Cameo Corporate Services Limited
- Market Maker: Asnani Stockbroker Private Limited
Expert View: Should You Apply?
The mixed subscription on Day 1 may raise some red flags for risk-averse investors. However, strong QIB participation, healthy order book from government and telecom majors, and a positive GMP hint at medium-term potential.
Investors should also consider:
- Company’s established history (since 2004)
- Focus on digital infrastructure, aligning with India’s ongoing telecom expansion
- Reasonable issue size that limits dilution
However, high entry cost (₹1.36 lakh minimum investment) and lower-than-expected retail participation should prompt investors to perform due diligence before subscribing.