Now Reading: Online Instruments gets Sebi nod for Rs 750 crore IPO
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Online Instruments gets Sebi nod for Rs 750 crore IPO
Online Instruments (India) Ltd has received market regulator Sebi's approval to raise Rs 750 crore through an initial public offering. The Bengaluru-based company, which filed its draft papers in May, obtained Sebi's…
Online Instruments (India) Ltd has received market regulator Sebi's approval to raise Rs 750 crore through an initial public offering. The Bengaluru-based company, which filed its draft papers in May, obtained Sebi's observations on August 18, 2026, equivalent to approval to float the issue.
The IPO comprises a fresh issue of equity shares worth Rs 750 crore and an offer for sale of up to 57.10 lakh 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 fresh issue size. Proceeds from the fresh issue will be used for repayment of borrowings (Rs 160 crore), working capital (Rs 330 crore), and inorganic growth.
Incorporated in 2006, Online Instruments provides audiovisual systems integration solutions and manufactures Interactive Flat Panel Displays under the 'LOGIC' brand. Its revenue rose to Rs 547.4 crore in FY25 from Rs 335.9 crore in FY23, while net profit grew to Rs 35.3 crore from Rs 15.5 crore.
Indian Opinion Analysis
Online Instruments operates in the niche but fast-growing AV integration market, driven by corporate demand for smart conference rooms and command centres. Its revenue doubled between FY23 and FY25, suggesting strong momentum. The IPO's working capital allocation of Rs 330 crore indicates the business is capital-intensive, likely due to inventory and project execution cycles. The pre-IPO placement clause gives promoters flexibility to fine-tune dilution. The next milestone is the price band announcement and bidding timeline, which typically follows within weeks of Sebi's observations.
Source: freepressjournal.in
This story was synthesised by AI from the source linked above.
