New Delhi, 11 May (H.S.): Bengaluru‑based Online Instruments (India) Limited has submitted its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI), paving the way for its Initial Public Offering (IPO). The company plans to raise ₹750 crore through the issue, marking a key step in its journey toward listing on the Indian capital markets.

The IPO is proposed as a fresh issue of equity shares with a face value of ₹2 per share, aggregating up to ₹750 crore. In addition, the transaction will include an Offer For Sale (OFS) of up to 57.10 lakh shares by the promoters, Anita Mahesh Bellad and Rajeshwari Shivanand Mahashetti.

According to the DRHP, the company plans to use ₹160 crore of the funds raised from the fresh issue for the repayment or pre‑payment of certain borrowings, strengthening its balance sheet. Another ₹330 crore is earmarked for working‑capital requirements, while the residual amount will support potential inorganic growth via acquisitions and meet general corporate purposes.

Online Instruments (India) Limited is an audio‑visual systems integration (AVSI) solutions provider. The company operates three manufacturing facilities in Bengaluru, and leverages them to design and deliver integrated AV systems for enterprise, education, retail and entertainment customers.

Beyond India, the company has executed AVSI projects in international markets, including Singapore, Malaysia, Taiwan, the Philippines, the United Arab Emirates, the United States, Mexico and France, positioning itself as a growing participant in the global AV ecosystem.

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Hindusthan Samachar / Jun Sarkar