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Time of India
25-06-2025
- Business
- Time of India
Rama Telecom IPO opens today: Key details to know before subscribing
Telecom infrastructure player Rama Telecom Limited has opened its Rs 25.13 crore initial public offering (IPO) for subscription on June 25 and will remain open until June 27. The issue is entirely a fresh offering of 36.96 lakh shares, aimed at expanding the company's capabilities and balance sheet strength. 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 company's shares are proposed to be listed on the NSE SME platform, with a tentative listing date of July 2. About the Company 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. As of September 2024, the company employed 40 full-time staff, managing operations across India with a focus on project execution and expansion. Financial snapshot 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. 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. Use of Proceeds Rama Telecom plans to utilise the proceeds from the IPO for working capital requirements, capital expenditure and general corporate purposes and issue-related expenses. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Economic Times
25-06-2025
- Business
- Economic Times
Rama Telecom IPO opens today: Key details to know before subscribing
Telecom infrastructure player Rama Telecom Limited has opened its Rs 25.13 crore initial public offering (IPO) for subscription on June 25 and will remain open until June 27. The issue is entirely a fresh offering of 36.96 lakh shares, aimed at expanding the company's capabilities and balance sheet strength. 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 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 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. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
