The initial public offer (IPO) of Rama Telecom received bids for 4,17,57,840 shares as against 36,96,000 shares on offer, as per NSE data as of 17:00 hours on Wednesday (25 June 2025). The issue was subscribed 11.30 times.
The issue opened for bidding on Wednesday (25 June 2025) and it will close on Friday (27 June 2025). The price band of the IPO is between Rs 65 to 68 per share. The minimum order quantity is 2,000 equity shares. The equity shares will list on NSE’s SME platform.
The IPO comprises fresh issue of 36,96,000 shares. About 1,86,000 equity shares will be reserved for subscription by market maker to the issue. The net issue comprises of 35,10,000 equity shares. The issue and the net issue will constitute 28% and 26.59% respectively of the post issue paid up equity share capital of the company.
The company intends to utilize the net proceeds to meet working capital expenses, to meet capital expenditure, to meet the offer related expenses and for general corporate purpose.
Rama Telecom offers customised end-to-end networking solutions in the telecom and datacom space. The company specialises in optical fibre laying and infrastructure development, catering to clients such as Indian Railways, Airtel, IOCL, and the Airports Authority of India. Rama Telecom focuses on delivering seamless and sustainable networking solutions, maintaining a strong emphasis on quality and professional execution. Its core services include Horizontal Directional Drilling (HDD), Optical Fibre Cable (OFC) laying and blowing, and other telecom infrastructure-related projects. As of 31 March 2025, the company had a total of 40 employees.
The company recorded revenue from operations of Rs 41.75 crore and net profit of Rs 5.52 crore for the period ended 31 March 2025.