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Online Instruments (India) IPO Details

Bookbuilding IPO | ₹[.] Cr | Listing at BSE, NSE |

Online Instruments (India) Ltd. has filed a Draft Red Herring Prospectus (DRHP) with SEBI on May 8, 2026 to raise funds through Initial Public Offer (IPO).

Online Instruments (India) Ltd. IPO is a Book Build Issue consisting of fresh issue of ₹750.00 crores and an offer for sale (OFS) of upto 0.57 crore equity shares.

The equity shares are proposed to be listed on NSE and BSE. Equirus Capital Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. Key details like IPO dates, IPO price bands and lot size are yet to be announced.
Refer to Online Instruments (India) IPO DRHP for more details.

IPO Details

IPO Date

[.]
Listing Date

[.]
Face Value

₹2 per share
Price Band
Lot Size
Sale Type

Fresh capital cum OFS
Issue Type

Bookbuilding IPO
Listing At

BSE, NSE

Total Issue Size

[.] shares (agg. up to ₹750 Cr)
Offer for Sale

57,10,000 shares of ₹2 (agg. up to ₹[.] Cr)
Share Holding Pre Issue

7,42,50,000 shares

IPO DRHP Status

Description	Date
Filed with SEBI/Exchange	Fri, May 8, 2026

Issue Reservation

Investor Category	Shares Offered
QIB Shares Offered	Not more than 50% of the Net Issue
Retail Shares Offered	Not less than 35% of the Net Issue.
NII Shares Offered	Not less than 15% of the Net Issue

About Online Instruments (India) Ltd.

Incorporated in 1987, Online Instruments Limited is engaged in audiovisual systems integration and electronics manufacturing business. The company provides AVSI solutions, IFPDs, LED display products, audiovisual accessories, EMS services, and commercial lighting products under the brands “Online Instruments”, “LOGIC”, “Level 3 Audiovisual”, and “Orange Plus”.

Its business includes:

AVSI Solutions for smart conference rooms, auditoriums, UCC environments, and command centres
Manufacturing of IFPDs, LED displays, and AV accessories
EMS services for OEMs through white-labelled IFPD manufacturing
Commercial and architectural lighting products

The company has operations across India, the U.S., Singapore, Malaysia, Taiwan, the Philippines, and the UAE.

It operates three manufacturing facilities in Bengaluru, including India’s first CKD facility for IFPDs.

As of February 2026, the company had 702 employees and 237 contract workers.

Strengths

Integrated AV and manufacturing capabilities
Strong customer relationships
Advanced manufacturing infrastructure
Global presence and execution capabilities
Diversified product portfolio

Company Financials (Restated Consolidated)

Period Ended	31 Dec 2025	31 Mar 2025	31 Mar 2024	31 Mar 2023
Assets	646.84	382.66	229.40	182.27
Total Income	468.75	550.04	380.30	337.97
Profit After Tax	14.58	35.33	23.06	15.52
EBITDA	33.39	55.32	33.42	22.60
NET Worth	159.24	144.60	109.47	86.51
Reserves and Surplus	144.39	139.65	104.52	81.56
Total Borrowing	209.56	41.22	35.34	14.87
Amount in ₹ Crore

IPO Objects of the Issue

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:

# Issue Objects

Est Amt (₹ Cr.)
1 Repayment or prepayment, in full or in part, of certain outstanding borrowings availed by the Company

160.00
2 Funding working capital requirements of the Company

330.00
3 Funding inorganic growth through unidentified acquisitions and general corporate purposes
Total

490.00

Key Performance Indicator (KPI)

KPI	Dec 31, 2025	Mar 31, 2025
ROE	9.15%	24.43%
ROCE	6.92%	27.54%
Debt/Equity	1.18	0.25
RoNW	9.15%	24.43%
PAT Margin	3.11%	6.42%
EBITDA Margin	7.16%	10.10%

	Pre IPO	Post IPO
EPS (₹)	4.76
Promoter Holding	100%

Shivanand Mallappa Mahashetti, Mahesh Basalingappa Bellad, Anita Mahesh Bellad, and Rajeshwari Shivanand Mahashetti are the company promoters.

IPO Registrar

MUFG Intime India Pvt.Ltd.

+91-22-4918 6270
onlineinstruments.ipo@in.mpms.mufg.com
Visit Website

IPO Lead Manager(s)

Equirus Capital Pvt.Ltd. (Past IPO Performance)
Motilal Oswal Investment Advisors Ltd. (Past IPO Performance)

Lead Manager Reports

Lead Manager Performance Summary
Lead Manager Performance Tracker

Contact Details

Online Instruments (India) Ltd. Address

DNR Altitude, No.8/1

11th Floor, Tumkur Road

Yeswanthpura, Bangalore North

Bangalore Urban, Karnataka, 560022

+91 89711 42671
cs@onlineinstruments.com
Visit Website

IPO FAQs

What is the Online Instruments (India) IPO?

Online Instruments (India) IPO is a main-board IPO of 0 equity shares of the face value of ₹2 aggregating up to ₹[.] Crores. The issue is priced at To be declared. The minimum order quantity is .

The Online Instruments (India) IPO open and close dates are not available as of now.

MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

How to apply in Online Instruments (India) IPO through Zerodha?

Zerodha customers can apply online in Online Instruments (India) IPO using UPI as a payment gateway. Zerodha customers can apply in Online Instruments (India) IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Online Instruments (India) IPO through Zerodha

Visit the Zerodha website and login to Console.
Go to Portfolio and click the IPOs link.
Go to the ‘Online Instruments (India) IPO’ row and click the ‘Bid’ button.
Enter your UPI ID, Quantity, and Price.
Submit IPO application form.
Visit the UPI App (net banking or BHIM) to approve the mandate.
Visit Zerodha IPO Application Process Review for more detail.

When Online Instruments (India) IPO will open?

The Online Instruments (India) IPO dates are not announced. Please check back again after some time.

What is the lot size of Online Instruments (India) IPO?

Online Instruments (India) IPO lot size and the minimum order quantity is not available at this time. Please check again later.

How to apply for Online Instruments (India) IPO?

You can apply in Online Instruments (India) IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don’t offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.

When is Online Instruments (India) IPO allotment?

The finalization of Basis of Allotment for Online Instruments (India) IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Online Instruments (India) IPO allotment status.

When is Online Instruments (India) IPO listing date ?

The Online Instruments (India) IPO listing date is not yet announced. The tentative date of listing is .