Comparison between Rama Telecom IPO and Safecure IPO.
Rama Telecom IPO is a SME Fixed Price IPO proposed to list at NSE SME while Safecure IPO is a SME Fixed Price proposed to list at BSE SME.
| Rama Telecom IPO | Safecure IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Fixed Price |
| Listing At | NSE SME | BSE SME |
| Lead Managers | Affinity Global Capital Market Pvt.Ltd. | Sun Capital Advisory Services Pvt.Ltd. |
| Registrar | Cameo Corporate Services Ltd. | MUFG Intime India Pvt.Ltd. |
| Market Maker | Asnani Stock Broker Pvt.Ltd. | Giriraj Stock Broking Pvt.Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | |
| Final Prospectus | Final Prospectus | Final Prospectus |
| Anchor Investor | ||
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Rama Telecom IPO is up to ₹23.87 Cr whereas the issue size of the Safecure IPO is up to ₹29.07 Cr. The final issue price of Rama Telecom IPO is ₹68.00 per share and of Safecure IPO is ₹102.00 per share.
| Rama Telecom IPO | Safecure IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹65.00 per share | |
| Issue Price (Upper) | ₹68.00 per share | |
| Issue Price (Final) | ₹68.00 per share | ₹102.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 2000 shares | 1200 shares |
| Fresh Issue Size | 35,10,000 shares | 28,50,000 shares |
| Fresh Issue Size (Amount) | up to ₹23.87 Cr | up to ₹29.07 Cr |
| OFS Issue Size | 0 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹0.00 Cr |
| Issue Size Total | 35,10,000 shares | 28,50,000 shares |
| Issue Size Total (Amount) | up to ₹23.87 Cr | up to ₹29.07 Cr |
Rama Telecom IPO opens on Jun 25, 2025, while Safecure IPO opens on Oct 29, 2025. The closing date of Rama Telecom IPO and Safecure IPO is Jun 27, 2025, and Oct 31, 2025, respectively.
| Rama Telecom IPO | Safecure IPO | |
|---|---|---|
| Anchor Bid Date | ||
| Issue Open | Jun 25, 2025 | Oct 29, 2025 |
| Issue Close | Jun 27, 2025 | Oct 31, 2025 |
| Basis Of Allotment (Tentative) | Jun 30, 2025 | Nov 03, 2025 |
| Initiation of Refunds (Tentative) | Jul 01, 2025 | Nov 04, 2025 |
| Credit of Share (Tentative) | Jul 01, 2025 | Nov 04, 2025 |
| Listing date (Tentative) | Jul 02, 2025 | Nov 06, 2025 |
| Anchor Lockin End date 1 | ||
| Anchor Lockin End date 2 |
Rama Telecom IPO P/E ratio is 11.69, as compared to Safecure IPO P/E ratio of 11.66.
| Rama Telecom IPO | Safecure IPO | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated)Rama Telecom Ltd.'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.
| Company Financials (Restated Consolidated)Safecure Services Ltd.'s revenue increased by 16% and profit after tax (PAT) rose by 8% between the financial year ending with March 31, 2025 and March 31, 2024.
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| Promoter Shareholding (Pre-Issue) | 98.98 | 94.33 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 71.28 | 66.14 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 11.69 | 11.66 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹89.76 Cr. | ₹102.41 Cr. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 10.63 | 28.86 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 37.06 | 22.48 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.30 | 0.98 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹5.82 | ₹8.75 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 33.58 | 28.86 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Rama Telecom IPO Retail Individual Investors (RII) are offered 19,40,000 shares while in Safecure IPO retail investors are offered 19,40,000 shares. Qualified Institutional Buyers (QIB) are offered 7,36,000 shares in Rama Telecom IPO and 0 shares in Safecure IPO.
| Rama Telecom IPO | Safecure IPO | |
|---|---|---|
| Anchor Investor Reservation | 0 shares | |
| Market Maker Reservation | 1,86,000 shares | 1,50,000 shares |
| QIB | 7,36,000 shares | 0 shares |
| NII | 8,34,000 shares | 14,24,400 shares |
| RII | 19,40,000 shares | 14,25,600 shares |
| Employee | 0 shares | 0 shares |
| Others | ||
| Total | 35,10,000 shares | 28,50,000 shares |
Rama Telecom IPO subscribed 1.61x in total, whereas Safecure IPO subscribed 1.81x.
| Rama Telecom IPO | Safecure IPO | |
|---|---|---|
| QIB (times) | 1.00x | |
| NII (times) | 1.66x | 0.32x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 1.82x | 3.31x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 1.61x | 1.81x |
