Rama Telecom IPO - Day 3 Subscription at 1.61 Times

Rama Telecom's initial public offering (IPO) has demonstrated moderate investor demand through its third and final day of subscription, with Rama Telecom's stock price set at ₹65-68 per share and Rama Telecom's share price reflecting cautious market reception. The ₹25.13 crore IPO has witnessed steady progress, with subscription rates opening at 0.50 times on day one, improving to 1.05 times on day two, and reaching 1.61 times by 5:34:02 PM on day three, indicating measured investor interest in this optical fibre and telecom infrastructure solutions company established in July 2004.

Rama Telecom IPO retail investors segment leads with modest 1.82 times subscription, whilst non-institutional investors demonstrate reasonable participation at 1.66 times and qualified institutional buyers show minimal interest at 1.00 times, reflecting cautious investor confidence in this company with specialised optical fibre cable.

Rama Telecom IPO subscription reached a moderate 1.61 times on day three, led by Retail (1.82x), NII (1.66x), and QIB (1.00x). Total applications reached 1,879.

Subscription Status of Rama Telecom IPO:

Here are the subscription details for Rama Telecom IPO as of Day 3 (June 27, 2025, 5:34:02 PM):

Key Highlights - Day 3: 

• Overall subscription reaching a moderate 1.61 times, a steady improvement from day two's 1.05 times
• Retail segment leading with modest demand at 1.82 times, building from day two's 1.14 times
• NII segment demonstrating reasonable participation at 1.66 times, an increase from day two's 0.89 times
• QIB segment maintaining minimal interest at 1.00 times, unchanged throughout all three days
• The final day witnessed steady retail participation, driving overall subscription performance
• Total applications reached 1,879, indicating focused investor participation for this SME IPO
• The cumulative bid amount reached ₹38.37 crores against the issue size of ₹25.13 crores

Rama Telecom IPO - Day 2 Subscription at 1.05 Times

Key Highlights - Day 2:

• Overall subscription improving to 1.42 times from day one's 1.12 times
• Retail segment showing strong growth at 2.22 times, building from day one's 1.69 times
• QIB segment reaching full subscription at 1.01 times, dramatically increasing from day one's 0.00 times
• NII segment showing slight decline to 0.65 times, down from day one's 0.66 times
• Day two demonstrated improving retail confidence and institutional participation

Rama Telecom IPO - Day 1 Subscription at 0.50 Times

Key Highlights - Day 1:

• Overall subscription opening cautiously at 0.50 times, showing modest initial investor interest
• QIB segment achieving full subscription at 1.00 times, indicating positive institutional sentiment
• Retail segment showing limited early interest at 0.39 times, reflecting cautious individual investor confidence
• NII segment demonstrating minimal participation at 0.30 times, indicating reserved high-net-worth confidence
• Opening day demonstrated mixed initial engagement with institutional interest, leading

About Rama Telecom IPO

Established in July 2004, Rama Telecom Limited provides customised E2E networking solutions in the telecom and datacom forefront. The company specialises in optical fibre laying and infrastructure development for clients such as Indian Railways, Airtel, IOCL, and the Airport Authority of India, focusing on seamless networking with sustainable methods and delivering professional quality in telecom and datacom projects. With expertise in optical fibre technologies, the company provides services such as Horizontal Directional Drilling (HDD), Optical Fibre Cable (OFC) laying and blowing, and related telecom infrastructure projects..Financial performance shows strong growth trends with revenue increasing 13% from ₹37.48 crores in FY2024 to ₹42.47 crores in FY2025, whilst profit after tax surged 112% from ₹2.61 crores to ₹5.53 crores during the same period. The company maintains impressive profitability metrics with 33.58% RoNW, 37.06% ROCE, 13.24% PAT margin, 17.44% EBITDA margin, operates with a low debt-to-equity ratio of 0.30, and has a market capitalisation of ₹89.76 crores.