Commtel Networks, specializing in designing, building, and implementing integrated telecommunication, security, and safety (iTSS) systems for critical national infrastructure facilities, with a specific focus on oil and gas and power sectors, has filed its draft red herring prospectus (DRHP) with the capital markets regulator Securities and Exchange Board of India (SEBI) to raise ₹900 through an initial public offering (IPO).
According to the DRHP, the proposed IPO is a combination of a fresh issue of equity shares aggregating up to ₹150 crore and an offer for sale (OFS) aggregating up to ₹750 crore. The total offer size will therefore aggregate up to ₹ 900 crore.
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 ₹ 2 each aggregating up to ₹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 ₹ 2 each, aggregating up to ₹ 203 crore.
Commtel Networks 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.
Equirus Capital and DAM Capital Advisors are the book running lead managers to the offer.
