Rama Telecom IPO Date, Review, Price, Allotment Details

Rama Telecom Limited is an emerging initial public offering (IPO) in India's burgeoning telecommunications and technology services sector. Their business segments span across telecom infrastructure, IT services, and technology solutions, which gives the company a unique positioning within the digital transformation of India. The Indian government continues to expedite initiatives to initiate their Digital India game plan and there's significant growing demand for telecom services, which means Rama Telecom presents investors with an opportunity during a transformational period in telecommunications. 

Their IPO has a price band of ₹65 to ₹68 per share and is slated to open on June 25, 2025. This is a great opportunity for investors to get into the telecom services sector via the BSE SME platform. 

Based on financial statistics to date; there are positive and negative performance indicators that need to be understood by prospective investors.

IPO Dates for Rama Telecom Limited

The Rama Telecom Limited IPO is scheduled to open on June 25, 2025, with allotment expected by June 30, 2025, and listing planned for July 2, 2025 on NSE.

IPO Details Summary

About Rama Telecom Limited IPO

Rama Telecom Limited is a company that provides telecommunications and technological services in India's growing telecom services sector. Rama provides a variety of telecom infrastructure services, information technology services, and technology consulting to enterprise and retail customers. Based in Kolkata, West Bengal, Rama Telecom is well positioned to take advantage of India's continued digital evolution, as well as to meet the growing demand for quality telecom services.

Rama is engaged in programming and designing telecom infrastructure, the company is also engaged in service delivery via IT services, technology solutions, and related consultancy services. Due to the considerable growth in the telecommunications sector in India as a result of 5G rollout, digital payments, and internet penetration, Rama Telecom is well founded to take advantage of a variety of trends within this rapidly changing landscape.

This issue is an IPO comprised entirely of a new issue (equity issue) of 36.96 lakh shares. The company intends to use the proceeds form the IPO to grow the business, move to a digital technology-based structure, improve working capital needs, and ensure a stronger market position in a competitive telecom services environment.

Financial Performance of Rama Telecom Limited

The company's financial performance shows mixed trends with both strengths and areas of concern:

Amount in ₹ Crores

Performance Analysis

Rama Telecom exhibits consistent asset growth (from ₹13.54 Cr to ₹22.56 Cr) and increased net worth (from ₹5.84 Cr to ₹11.46 Cr), suggesting an expansion of the business into new areas and a consolidation of equity. Profit after tax grew to ₹2.61 Cr from Rs 0.70 Cr in FY24, and dropped to  ₹1.92 Cr in H1 FY25. Revenue performance to date is inconsistent and dropped significantly to ₹18.91 Cr,  during H1 FY25, suggesting potential issues with future sustainability. whilst borrowings peaked at ₹13.92 Cr in FY23, decreased in FY24, before rising again thereafter with decreased borrowings suggesting variability in capital requirements and potential issues with financial management.

IPO Share Reservation

The IPO share allocation follows standard SEBI guidelines for SME listings with retail quota at 35%, QIB at 50%, and HNI at 15%:

Sector Comparison

Know Before Investing

Risks

1. Revenue Volatility

The decrease in revenue from ₹37.48 Cr (FY24) to ₹18.91 Cr (Sep-24 annualized) indicates possible business volatility and sustainability risks that require monitoring.

2. Regulatory Environment

The telecom sector is under stringent scrutiny from TRAI and DOT. Policy changes can affect operational costs, spectrum rights, and compliance demands.

3. Obsolete Technology

Rapid technological evolution in telecom demands continuous investment in infrastructure. Without timely upgrades, the company risks falling behind.

4. Industry-Level Competition

Global players dominate the telecom space, creating intense pricing pressure that could affect market share and profitability for smaller companies.

5. Managing Debt Levels

Variations in borrowing suggest financial planning challenges and indicate fluctuating capital requirements.

6. SME Stock Market Operational Risk

SME listing brings higher volatility and liquidity risk compared to main board stocks, making it less stable for certain investors.

7. Cyclicality in the Telecom Services Sector

Demand is influenced by economic cycles, regulatory shifts, and rapid technology changes, making the business environment unpredictable.

8. Customer Concentration

Heavy dependence on a few key clients or sectors could lead to revenue risk if those clients scale down or shift to competitors.

Strengths

1. Growing Asset Base

Asset growth from ₹13.54 Cr to ₹22.56 Cr indicates infrastructure development and business expansion.

2. Improving Profitability

PAT increased from ₹1.01 Cr in FY23 to ₹2.61 Cr in FY24, showing better cost control and operational efficiency.

3. Strengthening Equity

Net worth rose from ₹5.84 Cr to ₹11.46 Cr, highlighting strong internal accruals and financial health.

4. Sector Growth Potential

The Indian telecom sector is poised to grow with 5G rollout, digital transformation, and rising data demand.

5. Government Support

Digital India and telecom infrastructure policies offer long-term support through funding and favorable regulations.

6. Strategic Location

Presence in Kolkata provides access to underserved eastern markets and supports regional telecom development.

7. Diverse Service Portfolio

Offering both telecom and IT services helps diversify revenue streams and reduce business dependency on one segment.

8. Technology Focus

Aligns with India’s digital future and the increasing IT spending by enterprises, offering sustained long-term growth potential.

How to Apply for Rama Telecom Limited IPO?

Step 1 : Log in to your broker app (Zerodha, Angel One, Groww, etc.)

Step 2 : Navigate to the IPO section and select Rama Telecom Limited IPO

Step 3 : Click "Apply"

Step 4 : Enter the required details:

• Lot size (minimum lot size to be announced)
• Bid price (₹65–₹68 or select Cut-Off)
• Your UPI ID

Step 5 : Submit the application

Step 6 : Approve the UPI mandate in your UPI app (PhonePe, GPay, etc.)

⏰ Important: Mandate must be approved before 5 PM on the same day or before IPO closes.

How to Check Rama Telecom IPO Allotment Status?

You can check allotment status through NSE and the registrar portal once the IPO opens.

Check On NSE

• Visit the NSE official website

• Navigate to the IPO Allotment Section

• Select Rama Telecom Limited IPO

• Enter PAN number or application number

• Submit details to get allotment status

Check On the Registrar Portal

• Visit Cameo Corporate Services Limited's website

• Select IPO allotment status

• Choose Rama Telecom Limited IPO

• Enter PAN or application number

• Submit to check status

Company Address

Name : Rama Telecom Limited
Address : Kamalalaya Centre, 156A Lenin Sarani, Room No-302, 3rd Floor, Kolkata, West Bengal, 700013
Phone : +91 62909 52944
Email : cs@ramatelecom.net
Website : https://ramatelecom.net/

IPO Registrar

Name : Cameo Corporate Services Limited
Address : Subramanian Building #1, Club House Road, Chennai 600 002 - India
Phone : +91 44 2846 0390
Email : investor@cameoindia.com
Website : https://ipo.cameoindia.com/

Conclusion

The Rama Telecom Limited IPO presents a mixed investment opportunity in India's evolving telecommunications sector. While the company appears to have growing assets and an improving equity base, the materiality of the revenue volatility (-₹37.48 Cr to -₹18.91 Cr annualised) raises concerns about sustainability. The suggested price band of ₹65 to ₹68 per share for an issue size of ₹24-ₛ25 Crores offers a reasonable entry point into the telecom services sector.

The company benefits from India's digital transformation trends which are supported by government policy, however, it is being challenged by the intense competition and revenue volatility in the sector. Investors need to assess the recent drop in revenues and consider whether that decline is temporary or a sign of more fundamental structural flaws before making investment decisions.

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Disclaimer : this is not to be considered financial advice and is for educational purposes only. We recommended you seek your own advice from your financial advisor before making your investment decision. Investments in the Telecom sector carries market risk, and you need to consider regulatory developments, technological disruption, and competition.

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