Online Instruments has secured Sebi’s approval to raise funds through an initial public offering, an update with the market regulator showed on Friday.
The Bengaluru-based Online Instruments had filed its draft papers in May. After this, Sebi issued its observations on August 18, 2026, the data showed.
In Sebi’s parlance, obtaining observations is equivalent to securing approval to float a public offering.
Online Instruments (India) Ltd’s maiden public offering will be a fresh issue of equity shares worth Rs 750 crore and an offer for sale 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. If such placement is completed, the size of the fresh issue will be reduced accordingly.
Proceeds from the fresh issue to the extent of Rs 160 crore will be used for repayment or prepayment of certain borrowings, Rs 330 crore for funding working capital requirements, besides supporting inorganic growth through unidentified acquisitions and meeting general corporate purposes, as per the draft papers.
Incorporated in 2006, Online Instruments provides audiovisual systems integration (AVSI) solutions.
It offers AVSI solutions across use cases such as unified communications and collaboration (UCC), 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 the ‘LOGIC’ brand.
In addition, it manufactures white-labelled IFPDs for original equipment manufacturers (OEMs) and commercial and architectural lighting products under the Orange Plus brand and operates three manufacturing facilities in Bengaluru.
On the financial front, revenue from operations rose to Rs 547.4 crore in FY25 from Rs 335.9 crore in FY23, and net profit increased to Rs 35.3 crore from Rs 15.5 crore during the same period.
With respect to the IPO draft papers of Mumbai-based Sunil Gold India Ltd, the latest Sebi update showed “issue withdrawn/returned on August 14, 2026”.
It could not be immediately ascertained whether the papers have been withdrawn or returned.
