Rama Telecom IPO opens today: Key details to know before subscribing
ADVERTISEMENT The IPO is being launched at a price band of Rs 65 to Rs 68 per share, with a minimum bid lot of 2,000 shares.
Affinity Global Capital Market is acting as the book-running lead manager, while Cameo Corporate Services is the registrar to the issue.The company's shares are proposed to be listed on the NSE SME platform, with a tentative listing date of July 2.
Established in 2004, Rama Telecom is a telecom services and infrastructure company specialising in optical fibre cable (OFC) laying, horizontal directional drilling (HDD), installation of telecom towers, and network commissioning. The company has a strong client base, including Airtel, Indian Railways, IOCL, Airport Authority of India, and Reliance Jio.
Rama Telecom also partners with reputed OEMs and distributors such as Nokia, Tejas Networks, D-Link, Mrotek, and Statcon, enhancing its value proposition and service capabilities.
ADVERTISEMENT As of September 2024, the company employed 40 full-time staff, managing operations across India with a focus on project execution and expansion.The company has shown consistent growth over the years. Its revenue rose by 13% to Rs 42.47 crore in FY25 from Rs 37.48 crore in FY24. Meanwhile, profit after tax (PAT) jumped by 112% to Rs 5.53 crore in FY25 from Rs 2.61 crore in the previous year.
ADVERTISEMENT The return on equity (ROE) is reported at 10.63%, with a debt-to-equity ratio of 0.30, indicating healthy financial leverage. Based on post-issue EPS of Rs 4.19 and the upper price band of Rs 68, the P/E ratio stands at 16.23x.
ADVERTISEMENT Rama Telecom plans to utilise the proceeds from the IPO for working capital requirements, capital expenditure and general corporate purposes and issue-related expenses.
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