Uday Narang On Omega Seiki's IPO Plans: ₹400-500 Crore To Be Raised

Omega Seiki is gearing up for a pre-IPO round in the next three months, with plans to launch an IPO later in the year. The capital raised will fuel the expansion of its truck division. "We are building a robust foundation for growth, with the pre-IPO process already underway," stated Narang. The company will initially produce the Mika range at its Faridabad facility, while a new truck production plant is being established in Chakan, Pune, set to be operational by the end of 2025. This expansion will increase Omega Seiki’s production capacity from 5,000 to 25,000 units annually by the end of 2025.