SEBI Approves Two IPOs, Including Online Instruments With Rs 750 Crore Fresh Issue

The Securities and Exchange Board of India on Friday approved two IPO proposals including Sunil Gold India Ltd. and Online Instruments (India) Ltd.

The market regulator issued its 'observation letter' to the draft documents of the IPOs, which means final approval in SEBI parlance. The companies will now release their red herring prospectus, followed by a public advertisement regarding the IPO launch which will contain details regarding issue size, bidding period, price band, listing date, and more.

Online Instruments IPO

Online Instruments (India) Ltd had filed its Draft Red Herring Prospectus with SEBI on May 8, 2026. Its IPO will comprise a fresh issue of equity shares worth Rs 750 crore and an offer for sale of up to 0.57 crore equity shares. The company plans to list its equity shares on both the NSE and BSE. Equirus Capital Ltd is the book-running lead manager for the issue, while MUFG Intime India Pvt Ltd is the registrar.

Incorporated in 1987, Online Instruments is engaged in audiovisual systems integration and electronics manufacturing. Its portfolio includes audiovisual systems integration solutions, interactive flat-panel displays (IFPDs), LED display products, audiovisual accessories, electronics manufacturing services and commercial lighting products.

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The company operates across multiple segments, including smart conference rooms, auditoriums, unified communications and collaboration environments and command centres. It also manufactures IFPDs, LED displays and audiovisual accessories, while providing white-labelled IFPD manufacturing services to original equipment manufacturers.

Online Instruments also operates in commercial and architectural lighting. Its products and services are offered under brands including Online Instruments, LOGIC, Level 3 Audiovisual and Orange Plus.

Sunil Gold India IPO

Sunil Gold India Ltd had filed its DRHP with SEBI on March 6, 2026. Its proposed IPO will comprise up to 2.65 crore equity shares, including a fresh issue of up to 2 crore shares and an OFS of up to 0.65 crore shares. The company also proposes to list its equity shares on the NSE and BSE. Unistone Capital Pvt Ltd is the book-running lead manager, while Kfin Technologies Ltd is the registrar to the issue.

Incorporated in 2012, Sunil Gold India is engaged in the design and supply of handcrafted 22-karat gold jewellery. Its portfolio includes contemporary, heritage and temple-inspired jewellery, with products ranging from maang-tikkas, earrings, chains and necklaces to chokers, armlets, bracelets, bangles, rings, bridal jewellery and complete wedding sets.

The company follows a business-to-business model and supplies handcrafted gold jewellery to organised jewellery retail chains. It also provides customisation services to meet retailers' inventory and design requirements.

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