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, bes
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