Online Instruments (India) has submitted its draft red herring prospectus (DRHP) to the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO) aiming to raise ₹750 crore (approximately $90 million USD). The IPO will include a fresh issue of shares and an offer for sale of up to 57.1 lakh shares by promoters Anita Mahesh Bellad and Rajeshwari Shivanand Mahashetti. The funds will primarily be allocated for debt repayment (₹160 crore), working capital requirements (₹330 crore), and supporting inorganic growth initiatives through acquisitions. Established in 2006, Online Instruments specializes in audiovisual systems integration and operates three manufacturing facilities in Bengaluru, including India's first completely knocked down (CKD) manufacturing facility for interactive flat panel displays (IFPDs). For the nine months ending December 31, 2025, the company reported a revenue of ₹466.1 crore and a net profit of ₹14.5 crore. The IPO is being managed by Equirus Capital and Motilal Investment Advisors, with plans to list shares on the Bombay Stock Exchange (BSE) and the National Stock Exchange of India.