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

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