Online Instruments Files IPO Papers With SEBI; Plans To Raise ₹750 Crore

By Kotak News Desk
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13 May 2026 at 1:23 PM IST
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Market News
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Summary

Online Instruments India filed an initial public offering draft prospectus with SEBI, targeting ₹750 crore through a fresh issue alongside a promoter offer for sale of 57.10 lakh shares. Read to know more.

Online Instruments India Limited has filed a draft red herring prospectus with the Securities and Exchange Board of India for an initial public offering (IPO) comprising a fresh issue of ₹750 crore and an offer for sale of up to 57.10 lakh equity shares by two promoters, Anita Mahesh Bellad and Rajeshwari Shivanand Mahashetti.

The Bengaluru-based audiovisual systems integration company may also undertake a pre-initial public offering placement of up to ₹150 crore before the main offering. If completed, the fresh issue size will be reduced proportionately.

Equirus Capital and Motilal Investment Advisors are the book-running lead managers to the issue.

How The Fresh Issue Proceeds Will Be Used

Debt repayment or prepayment: ₹160 crore.
Working capital requirements: ₹330 crore.
Inorganic growth through acquisitions: Amount not specified, targets unidentified.
General corporate purposes: Remainder.

Financial Performance

Revenue from operations FY25: ₹547.4 crore vs ₹335.9 crore in FY23
Net profit FY25: ₹35.3 crore vs ₹15.5 crore in FY23

Revenue grew 63% over two years while net profit more than doubled, reflecting expanding scale and improving margins across the business.

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What The Company Does

Incorporated in 2006, Online Instruments provides audiovisual systems integration solutions across a range of use cases including unified communications and collaboration, smart conference rooms, auditoriums, network operating command centres and customer experience centres.

The company also manufactures Interactive Flat Panel Displays, Light Emitting Diode display products and audiovisual accessories under its LOGIC brand. It makes white-labelled Interactive Flat Panel Displays for original equipment manufacturers and produces commercial and architectural lighting products under the Orange Plus brand.

The company has three manufacturing facilities operating out of Bengaluru.

The company has executed projects in India and internationally, including in Singapore, Malaysia, Taiwan, the Philippines, the United Arab Emirates, the United States, Mexico and France.

As of 31 December 2025, it had completed audiovisual systems integration projects for 745 customers across sectors including enterprise, healthcare, banking, manufacturing, retail, education and airports.

Sources:

The Hindu Businessline

India IPO

Moneycontrol

This article is for informational purposes only and does not constitute financial advice. It is not produced by the desk of the Kotak Securities Research Team, nor is it a report published by the Kotak Securities Research Team. The information presented is compiled from several secondary sources available on the internet and may change over time. Investors should conduct their own research and consult with financial professionals before making any investment decisions. Read the full disclaimer here.

Investments in the securities market are subject to market risks. Read all the related documents carefully before investing. Brokerage will not exceed the SEBI-prescribed limit. The securities are quoted as an example and not as a recommendation. SEBI Registration No-INZ000200137 Member Id NSE-08081; BSE-673; MSE-1024, MCX-56285, NCDEX-1262.

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