Online Instruments (India) IPO
Online Instruments (India) IPO Details
-
Open Date
TBA
-
Close Date
TBA
- IPO Price Range
TBA
- IPO Size
₹ 750 Cr
Online Instruments (India) IPO Timeline
Last Updated: 19 June 2026 4:06 PM by krishika_vyas
Online Instruments (India) Limited is a well-established player in India’s professional audio-visual systems integration solutions market. The company provides full-stack AVSI capabilities across unified communication and collaboration solutions, smart conference rooms, large auditoriums, network operating command centres and customer experience centres under its “Online Instruments” and “Level 3 Audiovisual” brands.
The company also manufactures Interactive Flat Panel Displays, LED display products and audio-visual accessories under its “LOGIC” brand, and white-labels IFPDs for OEMs through its Electronics Manufacturing Services business. It also manufactures commercial and architectural lighting products under the “Orange Plus” brand.
In December 2025, the company acquired Level 3 Audio Visual, LLC, an AVSI company headquartered in Arizona, United States. The acquisition expanded its presence into the US Pro AV market.
Established in: 2006
Managing Director: Shivanand Mallappa Mahashetti
Peers:
| Metric |
Online Instruments (India) Limited Restated |
Online Instruments (India) Limited Proforma |
Black Box Limited |
Orient Technologies Limited |
Orient Technologies Limited |
Orient Technologies Limited |
|
Face Value |
2.00 |
2.00 |
2.00 |
10.00 |
2.00 |
10.00 |
|
Closing Price |
- |
- |
N.A. |
N.A. |
N.A. |
N.A. |
|
Revenue from Operations |
547.43 |
862.59 |
5,966.91 |
839.53 |
38,860.10 |
24,366.64 |
|
EPS Basic |
4.76 |
5.75 |
12.16 |
12.85 |
205.70 |
32.46 |
|
EPS Diluted |
4.76 |
5.75 |
12.11 |
12.85 |
202.58 |
32.46 |
|
RONW (%) |
24.43 |
30.17 |
26.99 |
15.30 |
36.39 |
36.91 |
|
NAV |
19.47 |
19.04 |
44.80 |
83.97 |
570.20 |
87.96 |
|
P/E |
N.A. |
N.A. |
52.88 |
21.28 |
55.17 |
48.98 |
Online Instruments (India) Objectives
1. Repayment or prepayment, in full or in part, of certain outstanding borrowings availed by the company: ₹160.00 crore
2. Funding the working capital requirements of the company: ₹330.00 crore
3. Funding inorganic growth through unidentified acquisitions and general corporate purposes
| Particulars (In ₹ Crores) | FY23 | FY24 | FY25 |
| Revenue | 335.94 | 379.06 | 547.43 |
| PAT | 15.52 | 23.06 | 35.33 |
| Particulars (In ₹ Crores) | FY23 | FY24 | FY25 |
| Total Assets | 182.27 | 229.40 | 382.66 |
| Share Capital | 4.95 | 4.95 | 4.95 |
| Total Liabilities | 95.77 | 119.93 | 238.06 |
| Cash Flows (₹ Crores) | FY23 | FY24 | FY25 |
| Net Cash Generated From / (used in) Operating Activities | (17.01) | 28.43 | 31.85 |
| Net Cash Generated From / (used in) Investing Activities | (0.75) | (41.67) | (33.49) |
| Net Cash Generated From / (used in) Financing Activities | 11.62 | 17.02 | 1.08 |
| Net Increase (Decrease) in Cash and Cash Equivalents | (6.14) | 3.78 | (0.57) |
Strengths
1. Well-established player in India’s professional audio-visual systems integration solutions market
2. Multi-segment business model across AVSI, AV Products and Accessories, EMS and Commercial Lighting
3. Operates India’s first CKD manufacturing facility for Interactive Flat Panel Displays
4. Acquisition of Level 3 Audio Visual, LLC expanded the company’s presence in the US Pro AV market
Weaknesses
1. AVSI contributed 65.08% of FY25 revenue from operations, creating segment concentration
2. Top 5 customers contributed 40.05% of FY25 revenue from operations on a restated basis
3. Commercial Lighting contributed only 3.02% of FY25 revenue from operations
4. Business is exposed to project execution timelines and customer capex cycles
Opportunities
1. India’s professional AV systems market is projected to grow from ₹581.9 billion in FY25 to ₹968.9 billion by FY30
2. IFPD market is projected to grow from ₹27.1 billion in FY25 to ₹81.8 billion by FY30
3. Level 3 Audio Visual acquisition gives the company access to the US Pro AV market
4. Rising demand for enterprise collaboration, smart classrooms and digital workplaces can support AVSI demand
Threats
1. Competition from larger domestic and global AV systems integrators can affect pricing
2. Rapid technological changes in Pro AV and display products can require continuous upgrades
3. Economic slowdown can affect enterprise IT, infrastructure and workspace spending
4. Supply chain disruptions can affect IFPD components, LED products and AV equipment availability
1. Revenue from operations increased from ₹335.94 crore in FY23 to ₹547.43 crore in FY25
2. PAT increased from ₹15.52 crore in FY23 to ₹35.33 crore in FY25
3. The company operates across AVSI, AV Products and Accessories, EMS and Commercial Lighting
4. Acquisition of Level 3 Audio Visual, LLC expanded the company’s presence in the US Pro AV market
India’s professional audio-visual systems market is expanding with rising adoption of smart offices, collaboration solutions, digital classrooms, command centres, auditoriums and customer experience centres. The market grew from ₹424.1 billion in FY20 to ₹581.9 billion in FY25, and is projected to reach ₹968.9 billion by FY30.
The IFPD market is also witnessing rising demand from education institutions and enterprise collaboration spaces. It is projected to grow from ₹27.1 billion in FY25 to ₹81.8 billion by FY30. Online Instruments (India), with its AVSI capabilities, IFPD manufacturing facility, AV products, EMS business and Level 3 Audio Visual acquisition, operates across multiple parts of this industry value chain.
Open Free Demat Account
Be a part of 5paisa community - The first listed discount broker of India.
By proceeding, you agree to all T&C*
FAQs
The official opening and closing dates for Online Instruments (India) IPO have not been announced yet. Keep checking this page for the most up-to-date information as soon as the schedule is confirmed.
Online Instruments (India) IPO comprises a Fresh Issue of ₹750 crore and an Offer For Sale of up to 57,10,000 Equity Shares of face value ₹2 each. The total IPO size will be confirmed upon pricing.
The price band for Online Instruments (India) IPO is yet to be finalised. Once the company files its Red Herring Prospectus and receives regulatory clearance, this page will be updated with confirmed details.
Once the Online Instruments (India) IPO is officially open, one can simply follow the process to apply for the IPO:
To apply for Online Instruments (India) IPO, follow the steps given below:
1. Login to your 5paisa account and select the issue in the current IPO section
2. Enter the number of lots and the price at which you wish to apply for the Online Instruments (India) IPO
3. Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
4. You will receive a mandate notification to block funds in your UPI app
The official lot size and minimum investment required for Online Instruments (India) IPO have not been announced yet. Stay tuned to this page for confirmation.
The allotment date has not been announced yet. We will update this section as soon as the final schedule is made available. Keep tracking this page for timely information.
The listing date for the Online Instruments (India) IPO will be known after the issue closes and allotments are finalised. Bookmark this page to receive the latest listing updates as soon as they are published.
Equirus Capital Limited and Motilal Oswal Investment Advisors Limited are the book running lead managers for Online Instruments (India) IPO.
Online Instruments (India) IPO plans to utilise the raised capital from the IPO for:
1. Repayment or prepayment of certain outstanding borrowings: ₹160.00 crore
2. Funding working capital requirements: ₹330.00 crore
3. Funding inorganic growth through unidentified acquisitions and general corporate purposes