Latest news with #RamaTelecom
Business Standard
02-07-2025
- Business
- Business Standard
NSE SME Rama Telecom's signal fades fast on debut
Shares of Rama Telecom was trading at Rs 68.40 on the NSE, a premium of 0.59% compared with the issue price of Rs 68. The scrip was listed at Rs 72, a premium of 5.88% compared with the initial public offer (IPO) price. The stock was currently frozen at its lower limit of 5% over its listing price. The counter hit a high of Rs 75 and a low of Rs 68.40. About 7.42 lakh shares of the company changed hands at the counter. Rama Telecom's IPO was subscribed 1.57 times. The issue opened for bidding on 25 June 2025 and it closed on 27 June 2025. The price band of the IPO was set at Rs 65 to 68 per share. The IPO comprised fresh issue of 36,96,000 shares. 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.
Mint
02-07-2025
- Business
- Mint
Rama Telecom shares open at ₹72, listing at 6% premium; details here
Rama Telecom IPO listing: Rama Telecom share price debuted a tepid premium of nearly 6 per cent on Wednesday, July 2. The SME stock opened at ₹ 72 against its issue price of ₹ 68. It rose further to ₹ 75 but soon erased most gains to trade flat. Around 10:10 AM, Rama Telecom shares were trading at ₹ 68.40 apiece. According to market experts, the stock's listing is broadly in line with expectations, as it has been trading at ₹ 73 in the grey market over the last few days. Rama Telecom IPO opened for subscription on June 25 and concluded on June 27, with a decent subscription of 1.6 times. The retail portion of the issue was booked nearly two times. Share allotment was finalised on June 30, and allottees received shares on July 1. It was a fresh issue of nearly 37 lakh shares to raise ₹ 25 crore, which it intends to use to meet working capital expenses, general corporate purposes, and other offering-related expenses. Apart from Rama Telecom, HDB Financial, Sambhv Steel Tubes, Suntech Infra Solutions, and Supertech EV also debuted on Indian bourses today. HDB Financial Services shares were listed at ₹ 835 on NSE and BSE, a premium of 12.84 per cent from its IPO price of ₹ 740. Sambhv Steel Tubes shares were listed at ₹ 110 on the NSE and ₹ 110.10 on the BSE, compared to its issue price of ₹ 82. Supertech EV was listed on BSE SME at ₹ 73.60, with a sharp 20 per cent discount against the issue price of ₹ 92. Suntech Infra Solutions' share price was listed on the NSE SME with a 27 per cent premium at ₹ 109.10 against the issue price of ₹ 86. Read all market-related news here
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)
