Commtel Networks Files Draft Papers for Rs 900 Crore IPO
Commtel Networks, a technology company specializing in integrated telecommunication, security, and safety systems, has filed its draft red herring prospectus (DRHP) with SEBI for an IPO to raise Rs 900 crore. The IPO consists of a fresh issue of equity shares worth Rs 150 crore and an offer for sale of Rs 750 crore. Key selling shareholders include Shriprakash R. Pandey, Satish Pookulangara, and Ramakrishnan Saseendran Kodapully. Equirus Capital and DAM Capital Advisors are appointed as book running lead managers. The company has completed 600 projects across 19 countries, served over 400 customers, and integrated 44 different technology systems.
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Commtel Networks, a technology company specializing in integrated telecommunication, security, and safety systems, has taken a significant step towards going public. The company recently filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO) aimed at raising Rs 900 crore.
IPO Structure
The proposed IPO comprises two components:
- A fresh issue of equity shares worth Rs 150.00 crore
- An offer for sale (OFS) amounting to Rs 750.00 crore
Key Selling Shareholders
The offer for sale includes shares from the following individuals:
| Shareholder | Amount (in Rs crore) |
|---|---|
| Shriprakash R. Pandey (Promoter) | 344.00 |
| Satish Pookulangara | 203.00 |
| Ramakrishnan Saseendran Kodapully | 203.00 |
Book Running Lead Managers
Commtel Networks has appointed two firms to manage the book-running process for the IPO:
- Equirus Capital Private Limited
- DAM Capital Advisors Limited
Company Profile
Commtel Networks has established itself as a key player in the critical national infrastructure sector, focusing on:
- Designing and implementing integrated telecommunication systems
- Security solutions
- Safety systems
The company primarily serves the oil and gas and power sectors, showcasing its expertise in these critical areas.
Track Record
Commtel Networks boasts an impressive portfolio:
- Completed 600 projects across 19 countries
- Served over 400 customers
- Experience in integrating 44 different technology systems
This extensive experience underscores the company's capabilities and global reach in the telecommunications and security infrastructure domain.
The filing of the DRHP marks a crucial step for Commtel Networks as it seeks to tap into the public markets for further growth and expansion. As the IPO process moves forward, potential investors and market observers will be keen to see how this tech company's public offering unfolds.
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