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GLEN Industries IPO vs Rama Telecom IPO

Comparison between GLEN Industries IPO and Rama Telecom IPO.

IPO Details

GLEN Industries IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Rama Telecom IPO is a SME Bookbuilding proposed to list at NSE SME.

 GLEN Industries IPORama Telecom IPO
LogoGLEN Industries IPO LogoRama Telecom IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingBookbuilding
Listing AtBSE SMENSE SME
Lead ManagersGYR Capital Advisors Pvt.Ltd.Affinity Global Capital Market Pvt.Ltd.
RegistrarKfin Technologies Ltd.Cameo Corporate Services Ltd.
Market MakerGiriraj Stock Broking Pvt.Ltd.Asnani Stock Broker Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of GLEN Industries IPO is up to ₹59.79 Cr whereas the issue size of the Rama Telecom IPO is up to ₹23.87 Cr. The final issue price of GLEN Industries IPO is ₹97.00 per share and of Rama Telecom IPO is ₹68.00 per share.

 GLEN Industries IPORama Telecom IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹92.00 per share₹65.00 per share
Issue Price (Upper)₹97.00 per share₹68.00 per share
Issue Price (Final)₹97.00 per share₹68.00 per share
Discount (Retail)
Discount (Employee)₹5.00 per share
Market Lot Size1200 shares2000 shares
Fresh Issue Size61,71,600 shares35,10,000 shares
Fresh Issue Size (Amount)up to ₹59.79 Crup to ₹23.87 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total61,71,600 shares35,10,000 shares
Issue Size Total (Amount)up to ₹59.79 Crup to ₹23.87 Cr

IPO Timetable

GLEN Industries IPO opens on Jul 08, 2025, while Rama Telecom IPO opens on Jun 25, 2025. The closing date of GLEN Industries IPO and Rama Telecom IPO is Jul 10, 2025, and Jun 27, 2025, respectively.

 GLEN Industries IPORama Telecom IPO
Anchor Bid DateJul 07, 2025
Issue OpenJul 08, 2025Jun 25, 2025
Issue CloseJul 10, 2025Jun 27, 2025
Basis Of Allotment (Tentative)Jul 11, 2025Jun 30, 2025
Initiation of Refunds (Tentative)Jul 14, 2025Jul 01, 2025
Credit of Share (Tentative)Jul 14, 2025Jul 01, 2025
Listing date (Tentative)Jul 15, 2025Jul 02, 2025
Anchor Lockin End date 1Aug 10, 2025
Anchor Lockin End date 2Oct 09, 2025

Financials & KPIs

GLEN Industries IPO P/E ratio is 9.33, as compared to Rama Telecom IPO P/E ratio of 11.69.

 GLEN Industries IPORama Telecom IPO
Financials

GLEN Industries Limited Financial Information (Restated Consolidated)

GLEN Industries Limited's revenue increased by 18% and profit after tax (PAT) rose by 113% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended31 Mar 202531 Mar 202431 Mar 2023
Assets214.36160.31137.07
Total Income171.28145.22119.59
Profit After Tax18.278.581.49
EBITDA40.4324.8713.89
Net Worth40.2126.6518.07
Reserves and Surplus40.8039.1630.67
Total Borrowing132.8388.8381.65
Amount in ₹ Crore

Rama Telecom Limited Financial Information (Restated)

Rama Telecom Limited's revenue increased by 13% and profit after tax (PAT) rose by 112% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended31 Mar 202531 Mar 202431 Mar 2023
Assets28.6519.4416.41
Total Income42.4737.4833.22
Profit After Tax5.532.611.08
EBITDA8.004.101.65
Net Worth16.469.536.92
Reserves and Surplus6.969.386.76
Total Borrowing5.004.643.96
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100.0098.98
Promoter Shareholding (Post-Issue)72.9971.28
P/E Ratio9.3311.69
Market Cap₹233.40 Cr.₹89.76 Cr.
ROE10.63%
ROCE16.94%37.06%
Debt/Equity2.280.30
EPS₹10.40₹5.82
RoNW45.43%33.58%

Shares Offered

In the GLEN Industries IPO Retail Individual Investors (RII) are offered 21,07,200 shares while in Rama Telecom IPO retail investors are offered 21,07,200 shares. Qualified Institutional Buyers (QIB) are offered 12,04,800 shares in GLEN Industries IPO and 7,36,000 shares in Rama Telecom IPO.

 GLEN Industries IPORama Telecom IPO
Anchor Investor Reserveration18,00,000 shares
Market Maker Reserveration3,25,200 shares1,86,000 shares
QIB12,04,800 shares7,36,000 shares
NII9,06,000 shares8,34,000 shares
RII21,07,200 shares19,40,000 shares
Employee1,53,600 shares0 shares
Others
Total61,71,600 shares35,10,000 shares

Bids Received (Subscription)

GLEN Industries IPO subscribed 260.28x in total, whereas Rama Telecom IPO subscribed 1.61x.

 GLEN Industries IPORama Telecom IPO
QIB (times)192.46x1.00x
NII (times)476.25x1.66x
Big NII (times)588.85x
Small NII (times)251.24x
RII (times)225.15x1.82x
Employee (times)0.36x
Other (times)
Total (times)260.28x1.61x