New Delhi, July 2 -- Rama Telecom share price debuted a tepid premium of nearly 6 per cent on Wednesday, July 2. The SME stock opened at Rs.72 against its issue price of Rs.68. It rose further to Rs.75 but soon erased most gains to trade flat. Around 10:10 AM, Rama Telecom shares were trading at Rs.68.40 apiece.

According to market experts, the stock's listing is broadly in line with expectations, as it has been trading at Rs.73 in the grey market over the last few days.

Rama Telecom IPO opened for subscription on June 25 and concluded on June 27, with a decent subscription of 1.6 times. The retail portion of the issue was booked nearly two times.

It was a fresh issue of nearly 37 lakh shares to raise Rs.25 crore, which it intends to u...