Omega Seiki raises ₹100 crore in back-to-back rounds in under a month as IPO plans take shape
OSM expands manufacturing and evaluates a public listing, which market experts estimate could involve a ₹400–500 crore issue
Omega Seiki Mobility, a Faridabad-based electric commercial vehicle manufacturer, has successfully raised ₹100 crore in two consecutive funding rounds within a month. This infusion of capital, led by SKG Asset Management, Unistone Capital, and notable family offices, brings new external investors into a company primarily backed by founder and chairman Uday Narang and the Anglian Omega Group.
With a 73% ownership in OSM, the promoter group retains significant control over the company while expanding its manufacturing capabilities in Faridabad and Pune, developing electric light commercial vehicles, and reducing debt. Market experts suggest that the company could eventually aim for a ₹400-500 crore public listing, which could provide liquidity to existing shareholders and support its growth plans.
Brief written by urgent.news from Hindu BusinessLine's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
