1 week ago
Omega Seiki Raises ₹100 Crore as IPO Plans Take Shape
Omega Seiki Mobility makes electric vehicles for businesses.
It has raised ₹100 crore from investors in two recent rounds.
The company wants to use the money to grow its factories, research and service network.
It is also considering selling shares to the public through an IPO.
The company has not yet decided how large or expensive that IPO would be.
Experts estimate it could raise ₹400–500 crore if market conditions are suitable.
Omega Seiki reported ₹333 crore in FY26 revenue and ₹7.3 crore in profit after tax.
Its customers include companies such as Amazon, Flipkart and Zomato.
The company plans to increase its service and dealer locations to 250 by FY28.
Omega Seiki Mobility raised ₹100 crore through two funding rounds completed in less than a month.
The latest ₹50-crore round was led by SKG Asset Management and Unistone Capital.
The company is evaluating a public-market listing but has not disclosed the IPO’s size, valuation, timing or structure.
Analysts estimate a potential ₹400–500 crore IPO, with proceeds possibly funding manufacturing, R&D and debt reduction.
OSM plans to expand its dealer and service network to 250 touchpoints by FY28, from about 150 currently.
- Who
- Omega Seiki Mobility, led by founder and chairman Uday Narang, along with new investors including SKG Asset Management and Unistone Capital.
- What
- The electric commercial-vehicle maker raised ₹100 crore in two funding rounds and is evaluating a potential IPO.
- Where
- Omega Seiki Mobility is based in Faridabad and plans manufacturing expansion in Faridabad and Pune.
- When
- The latest ₹50-crore round was announced on August 20, 2026, following another round in late July; the report was published August 23, 2026.
- Why
- The company plans to expand manufacturing, R&D, electric light commercial vehicles, and its dealer and service network, while potentially reducing debt.
Key facts
- Total funding raised
- ₹100 crore across two rounds in less than a month
- Latest funding round
- ₹50 crore, led by SKG Asset Management and Unistone Capital
- Promoter ownership
- The promoter group holds about 73% of Omega Seiki Mobility
- Potential IPO estimate
- Market experts estimate a possible ₹400–500 crore issue
- FY26 revenue
- About ₹333 crore
- FY26 profitability
- ₹7.3 crore profit after tax and a 7.7% EBITDA margin
- Planned network expansion
- 250 dealer and service touchpoints by FY28, compared with about 150 currently
Quotes
Uday Narang
Founder and chairman of Omega Seiki Mobility
“The confidence shown by our investors strongly validates our vision, execution capabilities and long-term strategy.”
thehindubusinessline.com
Sources
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