Mumbai, July 2 -- The scrip was listed at Rs 72, a premium of 5.88% compared with the initial public offer (IPO) price. The stock was currently frozen at its lower limit of 5% over its listing price.

The counter hit a high of Rs 75 and a low of Rs 68.40. About 7.42 lakh shares of the company changed hands at the counter.

Rama Telecom's IPO was subscribed 1.57 times. The issue opened for bidding on 25 June 2025 and it closed on 27 June 2025. The price band of the IPO was set at Rs 65 to 68 per share.

The IPO comprised fresh issue of 36,96,000 shares. The company intends to utilize the net proceeds to meet working capital expenses, to meet capital expenditure, to meet the offer related expenses and for general corporate purpose.

Rama Te...