Rama Telecom IPO Day 1: GMP, Subscription Status & Listing Date Explained

Rama Telecom Limited launched its SME IPO on June 25, 2025, seeking to raise ₹25.13 crore through a fresh issue. Positioned in the fast-expanding telecom infrastructure sector, the company aims to leverage India’s digital growth wave. The IPO has garnered early attention from institutional investors and retail participants alike.

Below is a detailed analysis of Day 1 developments including GMP trends, subscription numbers, listing dates, and investment highlights.

Grey Market Premium (GMP) on Day 1

The GMP for Rama Telecom IPO is reported at ₹5.

• This implies a potential listing price of ₹73, against the upper price band of ₹68.

• The positive GMP reflects early investor interest, although not overly aggressive.

• A ₹5 premium signals a mild upside expectation on listing day.

Rama Telecom IPO Subscription Status (June 25, 2025 – Day 1 Close)

Investor Category	Subscription Status
Qualified Institutional Buyers (QIB)	1.00×
Retail Individual Investors (RII)	0.30×
Non-Institutional Investors (NII)	0.17×
Total Subscription	0.41×

• QIB quota was fully subscribed, signaling strong institutional confidence.

• Retail and HNI participation remained moderate but expected to rise in the coming days.

IPO Details at a Glance

• IPO Type: SME (Small and Medium Enterprise)

• Issue Size: ₹25.13 crore (fresh issue only)

• Price Band: ₹65 – ₹68 per share

• Lot Size: 2,000 shares (Minimum investment ₹1,36,000)

• Exchange: NSE SME platform

Key Dates to Remember

Event	Date
IPO Open Date	June 25, 2025
IPO Close Date	June 27, 2025
Basis of Allotment	June 30, 2025
Refund Initiation	July 1, 2025
Credit of Shares to Demat	July 1, 2025
Listing Date	July 2, 2025

About Rama Telecom Limited

Rama Telecom operates in the telecom equipment assembly and supply domain, serving both government and private clients. The company focuses on:

• Optical fiber assemblies

• Broadband and IoT devices

• Smart networking solutions

With the expansion of India’s 5G rollout and increased public infrastructure investment, Rama Telecom is well-positioned to benefit from sectoral growth.

Analyst View & Investment Outlook

Market analysts suggest a cautiously optimistic stance:

• The fully subscribed QIB segment adds credibility to the offer.

• The ₹5 GMP suggests a modest listing gain.

• High investment threshold (₹1.36 lakh) may limit retail investor participation.

Investors are advised to monitor Day 2 subscription data for more clarity and assess risk tolerance given the SME nature of the offering.

Conclusion

The Rama Telecom SME IPO made a stable debut on Day 1 with promising institutional backing. While retail participation remains low initially, broader market momentum and sector relevance could drive further interest in the days ahead.

As listing nears, investors should evaluate the IPO’s fundamentals, track subscription updates, and consider market sentiment before applying.