Bookbuilding IPO | ₹900 Cr | Listing at BSE, NSE |
SEBI has approved the Initial Public Offer (IPO) of Commtel Networks Ltd. on January 22, 2026. The company will proceed with next steps to launch the Initial Public Offer (IPO) subject to market conditions and other approvals. The SEBI approval is valid for 12 months.
Commtel Networks Ltd. IPO is a Book Build Issue of ₹900.00 crores consisting of a fresh issue of shares worth Rs ₹150.00 crores and an offer for sale (OFS) of ₹750.00 crores.
The equity shares are proposed to be listed on NSE and BSE. Equirus Capital Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. Key details like IPO dates, IPO price bands and lot size are yet to be announced.
Refer to Commtel Networks IPO DRHP for more details.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹2 per share |
| Price Band | |
| Lot Size | |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | [.] shares (agg. up to ₹900 Cr) |
| Fresh Issue | [.] shares (agg. up to ₹150 Cr) |
| Offer for Sale | [.] shares of ₹2 (agg. up to ₹750 Cr) |
| Share Holding Pre Issue | 5,09,80,877 shares |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Mon, Sep 29, 2025 |
| SEBI/Exchange approval received | Thu, Jan 22, 2026 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Offer |
| Retail Shares Offered | Not less than 35% of the Offer |
| NII Shares Offered | Not less than 15% of the Offer |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Commtel Networks Ltd is a specialized engineering and technology company, engaged in designing and delivering integrated telecommunications, security, and safety systems (iTSS) for critical national infrastructure (CNI). It primarily focuses on the oil & gas and power sectors. CNI includes key systems and services that support a country’s economy, security, and well-being—such as power grids, transport, water systems, healthcare, and communication networks.
According to the F&S Report, it is among the top India-based iTSS vendors with global reach, known for strong revenue performance and successful project execution in the CNI space. Its iTSS systems are critical for day-to-day operations, emergency handling, and disaster recovery in CNI facilities.
The company offers comprehensive suite of offerings through:
As of March 31, 2025, the company has integrated 44 types of technologies into our iTSS solutions, and have completed 600 projects across 19 countries. In FY 25, it has served 463 customers. Its key customers in the oil and gas sector are Indian Oil Corporation Ltd, Hindustan Petroleum Corporation Ltd, Gujarat State Petronet Ltd., HPCL Mittal Pipelines Ltd., Indradhanush Gas Grid Ltd. and IHB Ltd.
Competitive Strengths
Commtel Networks Ltd.'s revenue increased by 41% and profit after tax (PAT) rose by 139% between the financial year ending with March 31, 2025 and March 31, 2024.
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 762.24 | 660.02 | 487.78 |
| Total Income | 657.54 | 467.01 | 418.68 |
| Profit After Tax | 113.56 | 47.50 | 60.11 |
| EBITDA | 134.56 | 67.06 | 71.53 |
| NET Worth | 412.78 | 304.52 | 258.11 |
| Reserves and Surplus | 443.72 | 330.49 | 280.74 |
| Total Borrowing | 127.86 | 128.40 | 65.45 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment or prepayment, in full or in part, of all or a portion of certain outstanding borrowings availed by our Company | 109.00 |
| 2 | General Corporate Purposes |
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 24.90% |
| ROCE | 21.41% |
| RoNW | 27.51% |
| PAT Margin | 17.27% |
| EBITDA Margin | 21.05% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 76.82% |
Lead Manager Reports
Commtel Networks IPO is a main-board IPO of 0 equity shares of the face value of ₹2 aggregating up to ₹900 Crores. The issue is priced at To be declared. The minimum order quantity is .
The Commtel Networks IPO open and close dates are not available as of now.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Commtel Networks IPO using UPI as a payment gateway. Zerodha customers can apply in Commtel Networks IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Commtel Networks IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Commtel Networks IPO dates are not announced. Please check back again after some time.
Commtel Networks IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Commtel Networks IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Commtel Networks IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Commtel Networks IPO allotment status.
The Commtel Networks IPO listing date is not yet announced. The tentative date of listing is .
