Online Instruments (India) Ltd - IPO

Online Instruments (India) Ltd IPO Details

Initial public offer of up to [*] equity shares of face value of Rs.2/- each (equity shares) of Online Instruments (India) Limited (company) for cash at a price of Rs.[*] per equity share (including a share premium of Rs.[*] per equity share) (offer price) aggregating up to Rs.[*] crores, (offer) comprising of a fresh issue of up to [*] equity shares of face value of Rs.2/- each aggregating up to Rs.750.00 crores (fresh issue) and an offer for sale of up to 5,710,000equity shares of face value of Rs.2/- each (offered shares) aggregating up to Rs.[*] crores, comprising of up to 2,910,000 equity shares of face value of Rs.2/- each aggregating up to Rs.[*] crores by Anita Mahesh Bellad and up to 2,800,000 equity shares of face value of Rs.2/- each aggregating up to Rs.[*] crores by Rajeshwari Shivanand Mahashetti (collectively, referred to as the promoter selling shareholders and such offer for sale of equity shares offered by the promoter selling shareholders, the offer for sale).The offer includes a reservation of up to [*] equity shares of face value of Rs.2/- each, aggregating up to Rs.[*] crores (constituting up to [*]% of the postoffer paid-up equity share capital), for subscription by eligible employees (employee reservation portion). The company, in consultation with thebrlms may offer a discount of up to [*]% of the offer price to eligible employees bidding in the employee reservation portion (employee discount), subject to necessary approvals as may be required. The offer less the employee reservation portion is hereinafter referred to as the net offer. The offer and the net offer shall constitute [*]% and [*]% of the post-offer paid-up equity share capital of the company, respectively.The company in consultation with the brlms, may consider an issue of specified securities as may be permitted under applicable law for an amount aggregating up to Rs.150.00 crores, at its discretion, prior to filing of the registrar of companies, Karnataka at Bengaluru (roc) (pre-ipo placement). The pre-ipo placement, if undertaken, will be at a price to be decided by the company, in consultation with thebrlms. If the pre-ipo placement is completed, the amount raised pursuant to the pre-ipo placement will be reduced from the fresh issue, subject to the offer complying with Rule 19(2)(b) of the securities contracts (regulation) Rules, 1957, as amended (scrr). The utilisation of the proceeds raisedpursuant to the pre-ipo placement will be done towards the objects of the offer in compliance with applicable law. The pre-ipo placement, if undertaken, shall not exceed 20% of the fresh issue size. Prior to the completion of the offer, the company shall appropriately intimate the subscribers to the pre-ipo placement, prior to allotment pursuant to the pre-ipo placement, that there is no guarantee that the company mayproceed with the offer or the offer may be successful and will result in listing of the equity shares on the stock exchanges. Further, relevant disclosures in relation to such intimation to the subscribers to the pre-ipo placement (if undertaken) shall be appropriately made in the relevant sections of the red herring prospectus and prospectus.The face value of the equity shares is Rs.2/- each. The offer price is [*] times the face value of the equity shares. The price band, and the minimum bid lot will be decided by the company.

Objective of issue

Repayment or prepayment, in full or in part, of certain outstanding borrowings availed by its Company. Funding working capital requirements of the Company. General corporate purposes.

Online Instruments (India) Ltd Contact Details

Online Instruments (India) Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

Phone - 91-22-49186000

Fax - 91-22-49186060

Email - cs@onlineinstruments.com

Website - www.onlineinstruments.com