Commtel Networks Submits Draft Papers to SEBI for IPO

Commtel Networks Ltd, based in Navi Mumbai, has filed draft papers with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO) of up to ₹900 crore. As per the news reports, the issue will include a fresh issue of shares worth ₹150 crore and an offer for sale (OFS) of ₹750 crore by existing shareholders.

Shareholders’ Offer

Promoter Shriprakash R. Pandey will sell shares valued at about ₹344 crore. Other shareholders, Satish Pookulangara and Ramakrishnan Saseendran Kodapully, will each sell shares worth around ₹203 crore. The company may also raise up to ₹30 crore in a pre-IPO round, which will reduce the size of the fresh issue.

Use of Funds

According to the filing, ₹109 crore from the fresh issue will be used for repayment of debt. The company’s borrowings stood at ₹242 crore as of July 2025. The remaining funds will be allocated for general corporate purposes.

Commtel Networks Business Operations

Commtel Networks provides integrated telecommunication, security, and safety systems for critical infrastructure. Its projects span oil and gas, power grids, transport, water, healthcare, and information and communication networks. The company has executed over 600 projects across 19 countries and served more than 400 clients. It has integrated 44 distinct technology systems into its solutions framework.

Commtel Networks Financials

In FY25, the company reported revenue of ₹639.3 crore, up 40% from ₹456.9 crore in FY24. Net profit rose 139% to ₹113.6 crore from ₹47.5 crore in the previous fiscal year. The oil and gas segment accounted for 85% of revenue, while the power business contributed about 15%.

Equirus Capital Pvt. Ltd and DAM Capital Advisors Ltd are the book-running lead managers for the IPO.

Read More: Upcoming IPOs This Week (Oct 6–10): Tata Capital & More Open for Bidding!

Conclusion

The proposed ₹900 crore issue IS Commtel Networks’ debut in the equity markets, combining both fresh share issuance and a large offer for sale by shareholders.

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