Online Instruments India gets Sebi approval to float IPO worth ₹750 cr

New Delhi, August 21, 2026: The SEBI has granted Online Instruments the go-ahead to launch its initial public offering, raising funds through an equity share sale valued at ₹750 crore, according to market regulator updates. The Bangalore-based firm filed its IPO papers in May, and received SEBI's observation on August 18, 2026, which typically indicates approval for the public offering.

This IPO will involve a fresh equity issue worth ₹750 crore and an offer for sale by promoters Anita Mahesh Bellad and Rajeshwari Shivanand Mahashetti, capped at 57.10 lakh shares. Additionally, the company may conduct a pre-IPO placement of up to Rs 150 crore. If the placement is successful, it will adjust the size of the fresh issue.

Proceeds from the primary offering, up to ₹160 crore, will be utilized to repay existing borrowings and prepay certain debts, bolster working capital, fund inorganic growth through strategic acquisitions, and meet general corporate objectives. Established in 2006, Online Instruments specializes in audiovisual systems integration, providing solutions for unified communications, collaboration, smart conference rooms, auditoriums, network operating command centers, and customer experience centers.

The company also manufactures Interactive Flat Panel Displays, LED displays, and audiovisual accessories under the LOGIC brand, while offering white-labeled IFPDs for original equipment manufacturers and architectural lighting products under the Orange Plus brand. The company operates three manufacturing facilities in Bangalore.

Financially, Online Instruments reported revenue from operations of ₹547.4 crore in FY25, up from ₹335.9 crore in FY23, and net profit of ₹35.3 crore, up from ₹15.5 crore during the same period. Meanwhile, Mumbai-based Sunil Gold India Ltd withdrew its IPO draft papers on August 14, 2026, and their status remained uncertain.