Online Instruments Files for IPO, Aims to Raise Rs 750 Crore
Online Instruments Files Preliminary Papers for Rs 750 Crore IPO
Online Instruments (India) Ltd, a Bengaluru-based company, has filed preliminary papers with the Securities and Exchange Board of India (SEBI) to raise funds through an Initial Public Offering (IPO) comprising Rs 750 crore through a fresh issue.
In addition to the fresh issue, there will be an Offer For Sale (OFS) of up to 57.10 lakh equity shares by promoters Anita Mahesh Bellad and Rajeshwari Shivanand Mahashetti. The company may also undertake a pre-IPO placement of up to Rs 150 crore, which would reduce the size of the fresh issue accordingly.
According to the Draft Red Herring Prospectus (DRHP) filed on Friday, the proceeds from the fresh issue will be used for repayment or prepayment of certain borrowings (Rs 160 crore), funding working capital requirements (Rs 330 crore), supporting inorganic growth through unidentified acquisitions, and meeting general corporate purposes.
Online Instruments, incorporated in 2006, provides audiovisual systems integration (AVSI) solutions across various use cases, including unified communications and collaboration (UCC), smart conference rooms, and customer experience centres. The company also manufactures Interactive Flat Panel Displays (IFPDs), LED display products, and audiovisual accessories under the LOGIC brand.
In addition, Online Instruments manufactures white-labelled IFPDs for Original Equipment Manufacturers (OEMs) and commercial and architectural lighting products under the Orange Plus brand. The company operates three manufacturing facilities in Bengaluru and has executed AVSI projects in India and overseas markets.
As of December 31, 2025, Online Instruments had executed AVSI projects for 745 customers in India across various sectors, including enterprise, healthcare, and manufacturing. On the financial front, the company's revenue from operations rose to Rs 547.4 crore in FY25 from Rs 335.9 crore in FY23, while net profit increased to Rs 35.3 crore from Rs 15.5 crore during the same period.
| Financial Year | Revenue from Operations (in Rs crore) | Net Profit (in Rs crore) |
|---|---|---|
| FY23 | 335.9 | 15.5 |
| FY25 | 547.4 | 35.3 |
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Equirus Capital and Motilal Investment Advisors are the book-running lead managers to the issue.
Investor Takeaway
Online Instruments (India) Ltd has filed preliminary papers with SEBI to raise Rs 750 crore through an IPO.
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