Online Instruments IPO Gets SEBI Approval For ₹750 Crore Fresh Issue
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Online Instruments IPO: SEBI has issued observations on the company’s IPO papers, clearing the way for a ₹750 crore fresh issue and an OFS of up to 57.1 lakh shares by its promoters.
Bengaluru-based Online Instruments has received observations from the Securities and Exchange Board of India (SEBI) for its proposed initial public offering (IPO). The company had filed its draft red herring prospectus (DRHP) in May 2026, and SEBI issued its observations on 18 August, according to the regulator’s latest processing status for draft offer documents.
In SEBI terminology, receiving observations allows a company to proceed with its public issue, subject to completing the remaining requirements.
What Is The Structure Of The Online Instruments IPO?
The proposed Online Instruments IPO will comprise a fresh issue of equity shares worth up to ₹750 crore and an offer for sale (OFS) of up to 57.1 lakh shares by promoters Anita Mahesh Bellad and Rajeshwari Shivanand Mahashetti.
The company may also raise up to ₹150 crore through a pre-IPO placement. If the placement is completed, the size of the fresh issue will be reduced accordingly.
How Will Online Instruments Use The IPO Proceeds?
According to the draft papers, ₹160 crore from the fresh issue is proposed to be used for repayment or prepayment of certain borrowings. Another ₹330 crore has been earmarked for working capital requirements.
The company also plans to use part of the proceeds to support inorganic growth through unidentified acquisitions and for general corporate purposes.
What Does Online Instruments Do?
Incorporated in 2006, Online Instruments provides audiovisual systems integration (AVSI) solutions. Its offerings cover unified communications and collaboration, smart conference rooms, auditoriums, network operating command centres and customer experience centres.
The company also manufactures interactive flat panel displays (IFPDs), LED display products and audiovisual accessories under its LOGIC brand.
It additionally manufactures white-labelled IFPDs for original equipment manufacturers and commercial and architectural lighting products under the Orange Plus brand. It operates three manufacturing facilities in Bengaluru.
The company’s revenue from operations increased to ₹547.4 crore in FY25 from ₹335.9 crore in FY23. Net profit also rose to ₹35.3 crore in FY25 from ₹15.5 crore in FY23.
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This article is for informational purposes only and should not be considered investment advice from Kotak Neo. For compliance T&C and disclaimers, Visit www.kotakneo.com/disclaimer
Vishwa has spent 10+ years across fintech and FMCG doing what most people miss, connecting the dots, catching trends before they trend, and finding the angle nobody else thought to ask about.
At Kotak Neo, she drives content strategy for neoshorts, Kotak News Desk, and Investing Guide, turning market noise into something worth reading.
When she's not decoding markets, she trades charts for canvases, chasing art, painting, and architecture across cities she's yet to explore.
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