Online Instruments IPO: Online Instruments (India) Ltd has filed preliminary papers with SEBI to raise funds through IPO. The Bengaluru-based company aims to raise Rs 750 crore through a fresh issue.
Online Instruments IPO will also have an Offer For Sale (OFS) of up to 57.10 lakh equity shares. Under the OFS, promoters Anita Mahesh Bellad and Rajeshwari Shivanand Mahashetti will offload stakes.
Online Instruments (India) is a Bengaluru-based company.
Online Instruments IPO: Pre-IPO Placement
Online Instruments may also undertake a pre-IPO placement of up to Rs 150 crore.
If Online Instruments goes for a pre-IPO placement, the company will trim the size of the issue accordingly.
Online Instruments said that funds of the tune of Rs 160 crore will be used for repayment or prepayment of certain borrowings. Besides, Rs 330 crore will be used to fund working capital requirements, among others.
Online Instruments IPO: About The Company
Online Instruments was incorporated in 2006. The company 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.
Online Instruments operates three manufacturing facilities in Bengaluru. The company has executed AVSI projects in India and overseas markets including Singapore, Malaysia, Taiwan, the Philippines, the United Arab Emirates, the United States, Mexico and France.
