Online Instruments (India) files IPO papers, eyes raising Rs 750 crore from fresh issue

Online Instruments (India) has filed draft papers with Sebi for an IPO comprising a fresh issue of up to Rs 750 crore and an OFS of 57.1 lakh shares by promoters. The Bengaluru-based company plans to use the proceeds for debt repayment, working capital needs, acquisitions and general corporate purposes. Rs 160 crore is earmarked for debt repayment.