Ram Telecom IPO GMP & Review: Apply or Avoid?
Posted by : sachet | Tue Jun 24 2025

Rama Telecom IPO is open for bidding on 25th June 2025. It is a bookbuilding IPO of 36.96 lakh shares and entirely a fresh issue worth ₹25.13 crores. The issue will be listed on NSE and SME on its tentative listing date, 2nd July 2025.
Rama Telecom IPO Details
Rama Telecom IPO date is fixed between 25th June 2025 and 27th June 2025. The face value of Rama Telecom Limited shares stands at ₹10 per share, and the IPO price band is fixed between ₹65 to ₹68 per share.
Cameo Corporate Services Limited is the registrar of the Rama Telecom IPO and is responsible for managing the allotment process and initiating refunds. Check out the latest IPO details in the table below.
IPO Open Date | 25th June 2025 |
IPO Close Date | 27th June 2025 |
IPO Allotment Date | 30th June 2025 |
Refund Initiation | 1st July 2025 |
Issue Size | 36,96,000 shares (worth ₹25.13 crore) |
Face Value | ₹10 per share |
Lot Size | 2,000 shares |
Issue Price Band | ₹65 to ₹68 per share |
Issue Type | Bookbuilding IPO |
Listing At | NSE & SME |
Listing Date | 2nd July 2025 |
Rama Telecom IPO Share Reservation
Rama Telecom IPO is a bookbuilding IPO issue of 36.96 lakh shares worth ₹25.13 crores. Rama Telecom Limited shares will be listed on the NSE and SME. Furthermore, SEBI has specified the share reservation criteria for different investor categories.
Investor Categories | Reservation Required |
QIB Shares Offered | 7,36,000 (19.91%) |
Market Makers | 1,86,000 (5.03%) |
Retail Shares Offered | 19,40,000 (52.49%) |
NII (HNI) Shares Offered | 8,34,000 (22.56%) |
Total Shares Offered | 36,96,000 (100.00%) |
Rama Telecom IPO GMP Grey Market Premium
GMP is the gap between the price band of the issue and the price at which company shares are currently trading in the grey market. Do you want to get live updates on Rama Telecom IPO GMP? If yes, then you’ve reached the right spot. Check the table below to learn about the GMP trends.
GMP Date | IPO Price | GMP | Estimated Listing Price | Estimated Listing Gains |
24-06-2025 | ₹68 | ₹0 | ₹68 | 0.00% |
23-06-2025 | ₹68 | ₹0 | ₹68 | 0.00% |
22-06-2025 | ₹68 | ₹0 | ₹68 | 0.00% |
21-06-2025 | ₹68 | ₹0 | ₹68 | 0.00% |
20-06-2025 | ₹68 | ₹0 | ₹68 | 0.00% |
19-06-2025 | ₹68 | ₹0 | ₹68 | 0.00% |
18-06-2025 | ₹68 | ₹0 | ₹68 | 0.00% |
As of 24th June 2025, Rama Telecom IPO GMP stands at ₹0 per share, which means the share will likely show a listing at ₹68 (68+0) on its tentative listing date, 2nd July 2025.
GMP data is subject to change based on market trends and sentiments. You should check the live GMP status before applying for the Rama Telecom IPO. Stay informed with Univest to know about real-time insights on IPOs and their GMP trends.
Rama Telecom IPO Review

Check out the detailed Rama Telecom IPO review for a thorough understanding of its potential to report listing gains on 2nd July 2025. The Rama Telecom IPO review below will help you invest effectively to avoid significant losses. Explore more to make informed investment decisions on this IPO.
Financial Health
Assess a company’s financial performance to know about its ability to sustain a competitive edge. Thus, it is essential to understand the growth margins and declines of the business’s financials before applying for the Rama Telecom IPO.
Rama Telecom Limited’s revenue rose 13.31% from ₹37.48 crores in March 2024 to ₹42.47 crores in March 2025. Moreover, the company’s PAT increased by 111.87% from ₹2.61 crores to ₹5.53 crores.
Rama Telecom Limited has shown consistent revenue growth, indicating that the company is financially stable. Moreover, the brokers, investors, and RAs have a positive outlook for the Rama Telecom IPO for its tentative listing day, which is 2nd July 2025.
Technical Analysis
A number of technical indicators are available to assess a company’s potential to deliver returns. Use the indicators mentioned below to analyse the technicals of the Rama Telecom IPO.
Key Indicators | Value |
PE Ratio (Price-to-Earnings) | 11.69 |
EPS (Earnings Per Share) | 5.82 |
RoNW | 33.58% |
ROE (Return on Equity) | 10.63% |
ROCE | 37.06% |
PAT Margin (Profit After Tax) | 13.24% |
EBITDA Margin | 17.44% |
Market Capitalisation | ₹89.76 cr. |
The PE ratio of Rama Telecom Limited shares is 11.69, and its Earnings Per Share (EPS) stands at 5.82. Thus, the Rama Telecom IPO can potentially deliver gains on its tentative listing date, 2nd July 2025.
Note: The data, as mentioned above, is taken from authentic sources and highlights pre-issue information. The PE ratio and EPS of Rama Telecom Limited are subject to change after the IPO. Explore the table below to get post-issue updates on these two metrics.
Indicators | Pre-IPO | Post-IPO |
PE Ratio | 11.69 | 16.23 |
EPS | 5.82 | 4.19 |
Rama Telecom Limited Peer Comparison
Company Name | Revenue (in cr.) | PE Ratio | Face Value (in Rs) | EPS | RoNW (in %) |
Ramaa Telecom Limited | 42.47 | 11.69 | 10 | 5.82 | 33.58% |
RailTel Corporation of India Limited | 2,622.00 | 45.12 | 10 | 9.34 | 14.99% |
Sar Televenture Limited | 124.00 | 24.44 | 2 | 9.96 | 5.49% |
Rama Telecom IPO Subscription Status
Rama Telecom IPO is set to open for bidding on 25th June 2025. The subscription status for this IPO is yet to be announced. Stay informed on this passage to check the live Rama Telecom IPO Subscription Status.
Investor Category | Shares Offered | Shares Subscribed | Subscription in Times |
Retail Investors | Yet to be announced | Yet to be announced | Yet to be announced |
QIB | Yet to be announced | Yet to be announced | Yet to be announced |
NII (sNII+bNII) | Yet to be announced | Yet to be announced | Yet to be announced |
Total | Yet to be announced | Yet to be announced | Yet to be announced |
About Rama Telecom Limited

Rama Telecom Limited was incorporated in 2004 and is providing customised E2E networking solutions in the Telecom & Datacom forefront. It specialises in optical fibre laying and infrastructure development for clients such as Indian Railways, Airtel, IOCL, and the Airport Authority of India. Rama Telecom also partners with various Original Equipment Manufacturers (OEMs) and distributors, including Nokia, D-Link, Tejas Networks, Exide, Aaram Plastics, Mescab, Mrotek, Puncom, Statcon, Team Engineers, and Webfil, to strengthen its service offerings. Here are the major competitive strengths of Rama Telecom Limited.
- It specialises in optical fiber cable (OFC) laying, horizontal directional drilling (HDD), and network expansion across India.
- Collaborates with major telecom service providers such as Reliance Jio, Airtel, Vodafone Idea, BSNL, and Tata Communications.
- Pan-India Presence and Execution Capability.
- Offers data centre solutions and cloud-based services for enterprises.
- Provides customised, high-quality telecom solutions tailored to client needs.
- Experienced professionals in telecom engineering, project management, and network optimisation.
Rama Telecom Limited Financials
The company’s financial analysis is essential before applying for the Rama Telecom IPO. Look at the table to learn about Rama Telecom Limited’s financials.
Year Ended | 31st March 2025 (in cr.) | 31st March 2024 (in cr.) | 31st March 2023 (in cr.) |
Assets | 28.65 | 19.44 | 16.41 |
Revenue | 42.47 | 37.48 | 33.22 |
Profit After Tax | 5.53 | 2.61 | 1.08 |
Debt | 5.00 | 4.64 | 3.96 |
Net Worth | 16.46 | 9.53 | 6.92 |
Reserves and Surplus | 6.96 | 9.38 | 6.76 |
Explanation
Rama Telecom Limited’s revenue rose 13.31% from ₹37.48 crores in March 2024 to ₹42.47 crores in March 2025. Moreover, the company’s PAT increased by 111.87% from ₹2.61 crores to ₹5.53 crores.
Rama Telecom IPO Bidding Requirements
Rama Telecom IPO has reserved lot sizes to be applied by different investor categories. Look at the table below to know about the requirements to be fulfilled for applying for this IPO.
Investor Category | Lots | Shares | Amount (in Rs) |
Retail (Minimum) | 1 | 2,000 shares | ₹1,36,000 |
Retail (Maximum) | 1 | 2,000 shares | ₹1,36,000 |
HNIs (Minimum) | 2 | 4,000 shares | ₹2,72,000 |
Use the lot size calculator to find how many shares you should apply!
Rama Telecom IPO Promoter Holdings
Have a look at the table below to check the holdings of Rama Telecom Limited’s promoters: Mr. Rama Kant Lakhotia, Mrs. Neena Lakhotia, Ms. Nikita Lakhotia & Ms. Simran Lakhotia.
Share Holding Pre-Issue | 98.98% |
Share Holding Post-Issue | -% |
Note: Promoter Holdings’ value is to be calculated using Equity dilution, which represents the gap between shareholdings before and after the Issue.
Aim of Rama Telecom IPO
The primary aim of the Rama Telecom IPO is to raise ₹36.96 crores. On the other hand, Rama Telecom Limited has decided to utilise these funds in different practices. Explore some of the secondary objectives for the Rama Telecom IPO.
- To meet general corporate purposes.
- To meet working capital requirements.
- To meet the issue-related expenses.
Should I Invest in Rama Telecom IPO?
“RTL is engaged in technology driven engineering solutions provider primarily in optical fiber front. It marked growth in its top and bottom lines for the reported periods. The sudden boost in net margins for FY25 raises eyebrows and concern over its sustainability as it is operating in a highly competitive and fragmented segment. Based on recent financial data, the issue appears fully priced. Well-informed investors may park moderate funds for medium term.”~Dilip Davda (Chief Editor at Chittorgarh)
Explore the pros and cons of Rama Telecom IPO to know whether you should apply or avoid the issue. These pros and cons might help you know about the IPO’s efficiency in delivering profits in the coming decades.
Pros of Rama Telecom IPO
- Higher EBITDA Margin
- Offers Data Centre Solutions
- Healthy Financials
Cons of Rama Telecom IPO
- Low market capitalisation.
How to Apply for Rama Telecom IPO?

Check the steps mentioned below to apply for the Rama Telecom IPO.
- Step 1: Conduct thorough research on Rama Telecom IPO GMP, subscription status, issue size, lot size, and other details.
- Step 2: Open a demat account on Univest to learn about real-time insights on GMP and subscription status. You can also use your previous demat account by navigating to the IPO section.
- Step 3: Make a bid for one lot of 2,000 shares worth ₹1,36,000 of Rama Telecom IPO.
- Step 4: You will receive a mandate request after making a bid. Approve the request to proceed further.
Note: You can apply for the Rama Telecom IPO from more than one demat account to increase your allotment chances.
How to Check Rama Telecom IPO Allotment Status?
You can check for Rama Telecom IPO allotment in different ways. These include NSE and the registrar portal. Look at the steps mentioned below to check your allotment status online.
Check On NSE
- Visit the NSE Official Website.
- Navigate to the IPO Allotment Section.
- Select Equity as the issue type.
- Choose Rama Telecom IPO.
- Choose whether to proceed with the PAN number or the application number.
- Submit your details to get the allotment status online.
Check On the Registrar Portal
- Visit the registrar portal.
- Click on the allotment option.
- Fill in the required details.
- Click on the submit button to know your Rama Telecom IPO allotment status.
Let’s Wrap
Rama Telecom IPO is a bookbuilding issue of 36.96 lakh shares worth ₹25.13 crores. The shares of Rama Telecom Limited will be listed on NSE and SME on its tentative listing date of 2nd July 2025. Researching Rama Telecom IPO GMP and reviews is highly suggested to book your ideal profitability. Brokers and investors have highlighted its pros and cons, so one must analyse them and decide accordingly.
Open a demat account on Univest now to initiate your investment journey!
FAQs on Rama Telecom IPO
How is the Rama Telecom IPO?
Ans. Currently, on 24th June 2025, Rama Telecom IPO GMP (Grey Market Premium) stands at ₹0 (0.00% up). It indicates that the estimated listing price could be ₹68 per share. It is a bookbuilding IPO that comprises a fresh issue of 36.96 lakh shares worth ₹25.13 crores. The face value of each share of Rama Telecom Limited is ₹10.
What is the Rama Telecom IPO price?
Ans. Rama Telecom IPO price band has been set between ₹65 to ₹68 per share. Retail investors can apply for a minimum of 1 lot consisting of 2,000 shares worth ₹1,36,000. Moreover, HNIs are required to bid for a minimum of 2 lots (4,000 shares) worth ₹2,72,000.
Is the Rama Telecom IPO good?
Ans. Rama Telecom Limited’s revenue rose 13.31% from ₹37.48 crores in March 2024 to ₹42.47 crores in March 2025. Moreover, the company’s PAT increased by 111.87% from ₹2.61 crores to ₹5.53 crores. Investors can analyse other relevant factors and make a decision accordingly.
Who is the registrar of the Rama Telecom IPO?
Ans. Cameo Corporate Services Limited is the registrar of the Rama Telecom IPO, awaiting to manage the IPO allotment procedure and refund initiation. For any queries regarding the Rama Telecom IPO allotment and refund, you can contact Cameo Corporate Services Limited at cameo@cameoindia.com or +91-44-28460390.
What is the issue size of the Rama Telecom IPO?
Ans. Rama Telecom IPO is a bookbuilding IPO for 36.96 lakh shares worth ₹25.13 crore. Moreover, the IPO is set to open on 25th June 2025 and will be closed on 27th June 2025.
Disclaimer: The above information is compiled from authentic sources and is just for informational purposes. To have detailed information about the Rama Telecom IPO, download the Rama Telecom IPO RHP and Rama Telecom IPO DRHP. Conduct your own research before investing in IPOs to avoid significant losses. You can also consult your financial advisor.
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