New Delhi, Sep 30: Three companies -- Commtel Networks, Premier Industrial Corporation, and Shankesh Jewellers -- have filed draft papers with markets regulator Sebi to raise funds through initial public offerings (IPOs).

All three issues will be a mix of a fresh issue of equity shares and an offer for sale (OFS), according to their draft red herring prospectus (DRHP) filed on Tuesday.

Commtel Networks plans Rs 900-crore IPO

Commtel Networks has lined up a Rs 900-crore IPO, which includes a fresh issue of Rs 150 crore and an OFS of Rs 750 crore. Proceeds from the fresh issue will be used primarily to repay debt.

The company is a specialised engineering and technology player with over 26 years of experience in designing, building, and implementing integrated telecommunication, security

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