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.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets