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Rama Telecom IPO vs Shree Refrigerations IPO

Comparison between Rama Telecom IPO and Shree Refrigerations IPO.

IPO Details

Rama Telecom IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Shree Refrigerations IPO is a SME Bookbuilding proposed to list at BSE SME.

 Rama Telecom IPOShree Refrigerations IPO
LogoRama Telecom IPO LogoShree Refrigerations IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingBookbuilding
Listing AtNSE SMEBSE SME
Lead ManagersAffinity Global Capital Market Pvt.Ltd.Narnolia Financial Services Ltd.
RegistrarCameo Corporate Services Ltd.MUFG Intime India Pvt.Ltd.
Market MakerAsnani Stock Broker Pvt.Ltd.Mansi Share & Stock Broking 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 Rama Telecom IPO is up to ₹23.87 Cr whereas the issue size of the Shree Refrigerations IPO is up to ₹111.44 Cr. The final issue price of Rama Telecom IPO is ₹68.00 per share and of Shree Refrigerations IPO is ₹125.00 per share.

 Rama Telecom IPOShree Refrigerations IPO
Face Value₹10 per share₹2 per share
Issue Price (Lower)₹65.00 per share₹119.00 per share
Issue Price (Upper)₹68.00 per share₹125.00 per share
Issue Price (Final)₹68.00 per share₹125.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size2000 shares1000 shares
Fresh Issue Size35,10,000 shares70,90,000 shares
Fresh Issue Size (Amount)up to ₹23.87 Crup to ₹88.63 Cr
OFS Issue Size0 shares18,25,000 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹22.81 Cr
Issue Size Total35,10,000 shares89,15,000 shares
Issue Size Total (Amount)up to ₹23.87 Crup to ₹111.44 Cr

IPO Timetable

Rama Telecom IPO opens on Jun 25, 2025, while Shree Refrigerations IPO opens on Jul 25, 2025. The closing date of Rama Telecom IPO and Shree Refrigerations IPO is Jun 27, 2025, and Jul 29, 2025, respectively.

 Rama Telecom IPOShree Refrigerations IPO
Anchor Bid DateJul 24, 2025
Issue OpenJun 25, 2025Jul 25, 2025
Issue CloseJun 27, 2025Jul 29, 2025
Basis Of Allotment (Tentative)Jun 30, 2025Jul 30, 2025
Initiation of Refunds (Tentative)Jul 01, 2025Jul 31, 2025
Credit of Share (Tentative)Jul 01, 2025Jul 31, 2025
Listing date (Tentative)Jul 02, 2025Aug 01, 2025
Anchor Lockin End date 1Aug 29, 2025
Anchor Lockin End date 2Oct 28, 2025

Financials & KPIs

Rama Telecom IPO P/E ratio is 11.69, as compared to Shree Refrigerations IPO P/E ratio of 23.81.

 Rama Telecom IPOShree Refrigerations IPO
Financials

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

Shree Refrigerations Ltd. Financial Information (Restated Consolidated)

Shree Refrigerations Ltd.'s revenue increased by 22% and profit after tax (PAT) rose by 17% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended31 Mar 202531 Mar 202431 Mar 2023
Assets185.60124.1194.32
Total Income99.1081.1950.90
Profit After Tax13.5511.532.57
EBITDA26.9424.3811.90
Net Worth114.7460.7245.22
Reserves and Surplus109.1355.8221.25
Total Borrowing39.7336.8032.07
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)98.9856.6
Promoter Shareholding (Post-Issue)71.2844.59
P/E Ratio11.6923.81
Market Cap₹89.76 Cr.₹445.38 Cr.
ROE10.63%15.44%
ROCE37.06%23.22%
Debt/Equity0.300.37
EPS₹5.82₹5.25
RoNW33.58%15.44%

Shares Offered

In the Rama Telecom IPO Retail Individual Investors (RII) are offered 19,40,000 shares while in Shree Refrigerations IPO retail investors are offered 19,40,000 shares. Qualified Institutional Buyers (QIB) are offered 7,36,000 shares in Rama Telecom IPO and 17,82,000 shares in Shree Refrigerations IPO.

 Rama Telecom IPOShree Refrigerations IPO
Anchor Investor Reserveration26,73,000 shares
Market Maker Reserveration1,86,000 shares4,71,000 shares
QIB7,36,000 shares17,82,000 shares
NII8,34,000 shares13,38,000 shares
RII19,40,000 shares31,22,000 shares
Employee0 shares0 shares
Others
Total35,10,000 shares89,15,000 shares

Bids Received (Subscription)

Rama Telecom IPO subscribed 1.61x in total, whereas Shree Refrigerations IPO subscribed 187.55x.

 Rama Telecom IPOShree Refrigerations IPO
QIB (times)1.00x167.32x
NII (times)1.66x197.01x
Big NII (times)214.75x
Small NII (times)158.70x
RII (times)1.82x195.05x
Employee (times)
Other (times)
Total (times)1.61x187.55x