Commtel Networks IPO: A Strategic Entry into India’s Infrastructure Tech Space
Commtel Networks Limited, a specialist in integrated telecommunication, security, and safety systems (iTSS), is gearing up for a significant public market debut with its proposed ₹900 crore Initial Public Offering (IPO). The company recently filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI), marking a key milestone in its capital markets journey.
IPO Highlights
Total Issue Size: ₹900 crore (up to ₹9,000 million)
Fresh Issue: ₹150 crore worth of new equity shares
Offer for Sale (OFS): ₹750 crore by existing shareholders
Face Value: ₹2 per share
Listing: Proposed on both BSE and NSE