Commtel Networks IPO: Aims to Raise Rs 900 Crore Via Fresh Issue and OFS
Commtel Networks, a tech company specializing in designing, building, and implementing integrated telecommunication, security, and safety (iTSS) systems, has filed its draft red herring prospectus with the Securities and Exchange Board of India (SEBI) to raise Rs 900 crore via an initial public offering (IPO).
IPO Details
According to the draft red herring prospectus (DRHP), the proposed IPO is a combination of a fresh issue of equity shares aggregating up to Rs 150 crore and an offer for sale (OFS) of aggregating up to Rs 750 crore. The total offer size will aggregate up to Rs 900 crore.
Equirus Capital Private Limited and DAM Capital Advisors Limited are the book running lead managers to the offer. The promoter selling shareholders are Shriprakash R. Pandey (Founder, Promoter, and Managing Director of Commtel) who proposes to sell up to equity shares of face value of Rs 2 each aggregating up to Rs 344 crore. Satish Pookulangara (Non-Executive Director) and Ramakrishnan Saseendran Kodapully are the Other Selling Shareholders, each proposing to sell up to equity shares of face value of Rs 2 each aggregating up to Rs 203 crore.
Company Profile
Commtel Networks Ltd specializes in designing, building, and implementing integrated telecommunication, security, and safety (iTSS) systems for critical national infra facilities, with a specific focus on oil and gas and power sectors.
The company designs and implements integrated technology platforms that function as the digital nervous system of CNI, enabling uninterrupted operations through secure connectivity and real-time data exchange.
As of March 31, 2025, the company has experience in integrating 44 distinctive technology systems in the iTSS systems framework, and has completed 600 projects across 19 countries, serving over 400 customers.
Indian IPO Market
India’s capital markets are bracing for a blockbuster October as a string of upcoming IPOs are set to light up the festive season. With more than a dozen large issues lined up across the mainboard and SME segments, analysts claim this month could see fundraising cross Rs 1.5 lakh crore, making it one of the most significant periods in India’s primary market history.
The action began with Glottis Ltd., Om Freight Forwarders Ltd., and Fabtech Technologies Ltd., which opened for subscription on Sept. 29, followed by Advance Agrolife Ltd. on September 30. Further, Pace Digitek, TruAlt Bioenergy and Jinkushal Industries successfully concluded their IPOs this week. They will list on the exchanges soon.
Investment Opportunities
The Commtel Networks IPO offers an opportunity for investors to participate in the growth story of a company that has established itself as a leader in the iTSS systems space.
However, as with any investment, it is essential to do your own research and consider your own financial goals and risk tolerance before investing in the IPO.
It is also crucial to keep an eye on the market trends and the performance of the company in the coming days.
Conclusion
In conclusion, the Commtel Networks IPO is an exciting opportunity for investors to participate in the growth story of a company that has established itself as a leader in the iTSS systems space.
With a strong track record of delivering projects across 19 countries and serving over 400 customers, Commtel Networks is well-positioned to capitalize on the growing demand for integrated telecommunication, security, and safety systems.
As the Indian IPO market continues to gain momentum, it will be interesting to see how the Commtel Networks IPO performs and whether it will be able to attract significant investor interest.
