Navigating the IPO Market: A Look at Rama Telecom, Suntech Infra, and Supertech EV

As of June 25, 2025, the primary market is buzzing with activity, with three Small and Medium Enterprise (SME) IPOs opening for subscription: Rama Telecom, Suntech Infra Solutions, and Supertech EV. All three IPOs opened on June 25, 2025, and will close on June 27, 2025, with a tentative listing date of July 2, 2025. Each company operates in distinct sectors, offering investors a diverse range of opportunities. Let's delve into the specifics of each IPO, examining their Grey Market Premium (GMP), subscription status, and other critical factors to help investors make informed decisions.

Rama Telecom IPO

Rama Telecom, an established player in the telecom infrastructure and engineering solutions space, launched its IPO to raise ₹25.13 crore. The IPO comprises a fresh issue of 36.96 lakh shares, with a price band of ₹65 to ₹68 per share. The minimum lot size for retail investors is 2,000 shares, requiring an investment of ₹1,30,000.

• Business Overview: Rama Telecom specializes in providing customized end-to-end networking solutions in telecom and data communications. Their expertise lies in optical fiber laying and infrastructure development, catering to both the railway and telecom sectors.
• Financial Performance: The company has demonstrated consistent growth, with revenue increasing to ₹42.47 crore in FY25 from ₹37.48 crore in FY24. The Profit After Tax (PAT) also saw a significant jump, rising to ₹5.53 crore in FY25 from ₹2.61 crore in the previous fiscal year.
• Subscription Status: The Rama Telecom IPO has witnessed an enthusiastic response on its first day, with an impressive 10.86 times subscription rate.
• Grey Market Premium (GMP): The Grey Market Premium (GMP) for Rama Telecom IPO is ₹5 today. This suggests a listing price of around ₹73, a premium of 7.35% over the upper band of the issue price.

Suntech Infra Solutions IPO

Suntech Infra Solutions, a B2B construction firm, aims to raise ₹44.39 crore through its IPO. The issue is a combination of a fresh issue of 39.74 lakh shares and an offer for sale of 11.87 lakh shares, with a price band of ₹81 to ₹86 per share. Retail investors need to apply for a minimum lot size of 1,600 shares, amounting to an investment of ₹1,29,600.

• Business Overview: Suntech Infra Solutions provides civil construction services, including foundation and structural works, through direct contracting, sub-contracting, and equipment rental. They serve a broad clientele across various industries, including oil & gas, power, cement, infrastructure, and renewables.
• Financial Performance: Suntech Infra Solutions has also shown steady financial growth. The company's consolidated revenue stood at ₹91.25 crore, and its profit after tax rose to ₹10.28 crore in FY25.
• Subscription Status: The Suntech Infra Solutions IPO is subscribed 0.99 times as of June 25, 2025. The retail category has been subscribed 1.77 times.
• Grey Market Premium (GMP): The GMP for Suntech Infra IPO is ₹23. This indicates an estimated listing price of ₹109 per share, reflecting a premium of 26.74% over the upper limit of the IPO price band.

Supertech EV IPO

Supertech EV, a manufacturer of electric two-wheelers and three-wheelers, is launching its IPO to raise approximately ₹30 crore. The IPO comprises a fresh issue of 32.5 lakh shares, with a price band fixed between ₹87 and ₹92 per share. Retail investors can participate with a minimum lot size of 1,200 shares, requiring an investment of ₹1,10,400.

• Business Overview: Supertech EV focuses on designing, developing, manufacturing, and distributing high-quality electric two-wheelers and E-rickshaws.
• Financial Performance: The company has demonstrated growth in recent years. Supertech EV reported a 23.3% year-on-year increase in its profit after tax to ₹6.19 crore in FY25, with revenue from operations rising 15.5% YoY to ₹75.1 crore in FY25.
• Subscription Status: By midday on June 25, 2025, the IPO was subscribed 0.51 times, with retail investors subscribing 0.69 times and non-institutional investors subscribing 0.39 times.
• Grey Market Premium (GMP): As of June 25, the grey market premium for the Supertech EV IPO was ₹15. The GMP indicates listing of shares at an estimated price of ₹107 apiece, a premium of 16.30% per share over the upper end of the price band.

Investment Considerations

• GMP as an Indicator: It's essential to remember that the Grey Market Premium (GMP) is not an official figure and is based on speculation. While it can provide insights into potential listing gains, it should not be the sole determinant of investment decisions.
• Subscription Levels: A high subscription rate indicates strong investor demand, which can positively impact listing gains. However, oversubscription also increases the chances of non-allotment.
• Company Fundamentals: Investors should carefully evaluate the company's business model, financial performance, growth potential, and risk factors before investing.
• Market Conditions: Broader market trends and investor sentiment can significantly influence IPO performance.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should conduct thorough research and consult with a financial advisor before making any investment decisions.