Lumino Industries IPO Details
| IPO Date | 27 to 31 Aug 2026 |
|---|---|
| Listing Date | Thursday, Sep 3, 2026 |
| Face Value | ₹5 per share |
| Price Band | ₹78 to ₹82 per share |
| Lot Size | 182 Shares |
| Issue Type | Book Building Issue |
| Sale Type | Fresh Issue cum Offer for Sale |
| Listing At | BSE, NSE |
| Total Issue Size | 8,53,65,851 Shares, aggregating up to ₹700 Cr |
| Fresh Issue | 6,09,75,609 Shares, aggregating up to ₹500 Cr |
| Offer for Sale | 2,43,90,242 Shares, aggregating up to ₹200 Cr |
| Pre-Issue Shares | 24,35,78,096 Shares |
| Post-Issue Shares | 30,45,53,705 Shares |
| Market Cap at Upper Band | ₹2,497.34 Cr |
Lumino Industries IPO Timeline
| IPO Event | Date |
|---|---|
| IPO Open | Thursday, Aug 27, 2026 |
| IPO Close | Monday, Aug 31, 2026 |
| Basis of Allotment | Tuesday, Sep 1, 2026 |
| Refunds Initiated | Wednesday, Sep 2, 2026 |
| Credit of Shares to Demat | Wednesday, Sep 2, 2026 |
| Listing | Thursday, Sep 3, 2026 |
Lumino Industries IPO Lot Size
Investors can bid for a minimum of 182 shares and in multiples of the prescribed lot size. At the upper price band of ₹82 per share, one retail lot requires an investment of ₹14,924.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 182 | ₹14,924 |
| Retail Maximum | 13 | 2,366 | ₹1,94,012 |
| S-HNI Minimum | 14 | 2,548 | ₹2,08,936 |
| S-HNI Maximum | 67 | 12,194 | ₹9,99,908 |
| B-HNI Minimum | 68 | 12,376 | ₹10,14,832 |
Lumino Industries IPO Reservation
The Lumino Industries IPO has been reserved across Qualified Institutional Buyers, Non-Institutional Investors and Retail Individual Investors as per the issue’s stated reservation structure.
| Investor Category | Reservation |
|---|---|
| Qualified Institutional Buyers (QIB) | Not more than 50% of the Net Offer |
| Retail Individual Investors | Not less than 35% of the Net Offer |
| Non-Institutional Investors (NII) | Not less than 15% of the Net Offer |
Lumino Industries IPO Investor Categories
| Category | Investment Limit | Cut-off |
|---|---|---|
| RII | Up to ₹2 Lakhs | Yes |
| sNII | ₹2 Lakhs – ₹10 Lakhs | No |
| bNII | Above ₹10 Lakhs | No |
| Employee (EMP) | Up to ₹5 Lakhs | Yes |
| Employee + RII/NII | Up to ₹5 Lakhs EMP + RII/NII limits | Yes (EMP/RII) |
About Lumino Industries Limited
Lumino Industries Limited, incorporated in 2005, is an integrated engineering, procurement and construction (EPC) company in India focused on manufacturing and supplying conductors, power cables, electrical wires and specialised products for the power transmission and distribution industry.
The company also manufactures high-temperature low-sag (HTLS) conductors, which are used in power transmission and distribution lines.
Lumino Industries operates through two key segments: Manufacturing and EPC. Its manufacturing business covers aluminium conductors, power cables and electrical wires, while its EPC business includes power transmission and distribution, EHV substations, HTLS re-conductoring, railway electrification, solar power projects and water management projects.
The company supplies its products to major EPC players in India and also serves international customers, including government-owned electricity companies, public enterprises and electricity boards. Its international markets include countries such as the USA, Mali, Burkina Faso, Côte d’Ivoire, Nepal, Bangladesh, Kenya, Ghana, Rwanda and Ethiopia.
As of March 31, 2026, Lumino Industries had 890 permanent employees.
Lumino Industries IPO Key Strengths
Lumino Industries IPO Financial Performance
Lumino Industries reported growth in its financial performance during FY2026. Total income increased to ₹2,089.31 crore in FY2026 from ₹1,946.68 crore in FY2025, while profit after tax increased to ₹160.00 crore from ₹124.59 crore.
Based on the provided financial information, total income increased by approximately 7% and profit after tax increased by approximately 28% between FY2025 and FY2026.
| Particulars | FY2026 | FY2025 | FY2024 |
|---|---|---|---|
| Total Assets | ₹2,174.88 Cr | ₹1,718.66 Cr | ₹1,175.44 Cr |
| Total Income | ₹2,089.31 Cr | ₹1,946.68 Cr | ₹1,424.63 Cr |
| Profit After Tax | ₹160.00 Cr | ₹124.59 Cr | ₹86.61 Cr |
| EBITDA | ₹238.95 Cr | ₹222.94 Cr | ₹145.09 Cr |
| Net Worth | ₹729.58 Cr | ₹570.29 Cr | ₹445.86 Cr |
| Reserves and Surplus | ₹606.16 Cr | ₹446.66 Cr | ₹413.86 Cr |
| Total Borrowings | ₹384.16 Cr | ₹418.83 Cr | ₹40.91 Cr |
Figures are in ₹ crore unless otherwise stated.
Lumino Industries IPO Key Performance Indicators
| KPI | Mar 31, 2026 | Mar 31, 2025 |
|---|---|---|
| ROE | 24.62% | 24.52% |
| ROCE | 25.75% | 31.89% |
| Debt/Equity | 0.53 | 0.73 |
| RoNW | 24.62% | 24.52% |
| PAT Margin | 7.66% | 6.40% |
| EBITDA Margin | 11.71% | 11.62% |
| NAV | ₹29.95 | ₹23.41 |
| Price to Book Value | 2.74x | 3.50x |
Lumino Industries IPO Valuation
At the upper price band of ₹82 per share, Lumino Industries is expected to have a post-issue market capitalisation of approximately ₹2,497.34 crore.
| Valuation Metric | Pre-IPO | Post-IPO |
|---|---|---|
| EPS | ₹6.57 | ₹5.25 |
| P/E | 12.48x | 15.62x |
| Market Capitalisation | ₹1,997 Cr | ₹2,497.34 Cr |
Based on the upper issue price and the post-issue EPS provided in the source information, the post-issue valuation works out to a P/E multiple of approximately 15.62x.
Lumino Industries IPO Objectives
The company proposes to utilise the net proceeds from the fresh issue towards repayment of outstanding borrowings, capital expenditure and general corporate purposes.
| No. | Purpose | Estimated Amount |
|---|---|---|
| 1 | Prepayment or repayment, in full or in part, of certain outstanding borrowings availed by the company | ₹337.00 Cr |
| 2 | Capital expenditure for purchase of equipment and machinery, civil works and interior development of an existing manufacturing facility | ₹15.01 Cr |
| 3 | General Corporate Purposes | Balance Amount |
| Total Identified Objects | ₹352.01 Cr | |
Lumino Industries Shareholding Pattern
| Category | Pre-IPO | Post-IPO |
|---|---|---|
| Promoter & Promoter Group | 100% | 71.97% |
| Public | — | 28.03% |
| Total | 100% | 100% |
The promoters of Lumino Industries Limited are Purushottam Dass Goel, Devendra Goel and Jay Goel.
Lumino Industries IPO Offer for Sale
The offer for sale component of the IPO comprises shares offered by existing promoter shareholders. The OFS is estimated to aggregate approximately ₹200 crore.
| Seller | Category | Estimated Amount |
|---|---|---|
| Devendra Goel | Promoter | ₹150 Cr |
| Jay Goel | Promoter | ₹50 Cr |
| Total | ₹200 Cr |
Recently Listed IPOs in Cables – Electricals
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Lumino Industries IPO Review
What Is Lumino Industries IPO GMP?
GMP stands for Grey Market Premium. It is an unofficial indicator used by some market participants to gauge possible demand and market sentiment for an IPO before the shares begin trading on the stock exchanges.
The grey market operates outside the formal stock exchange mechanism, and GMP values can change frequently based on demand, investor sentiment and broader market conditions.
GMP is not an official price indicator and does not guarantee the listing price or listing gain. Actual listing performance may be significantly different from grey-market expectations.
Lumino Industries IPO Registrar
Bigshare Services Pvt. Ltd. is the registrar appointed for the Lumino Industries IPO. The registrar is responsible for processing IPO applications, maintaining allotment records, handling refunds and facilitating the credit of allotted shares into investors’ demat accounts.
Phone: 8657578989 / 8069219065 / 8069219060
Email: ipo@bigshareonline.com
Lumino Industries IPO Lead Managers
| No. | Book Running Lead Manager |
|---|---|
| 1 | Motilal Oswal Investment Advisors Ltd. |
| 2 | JM Financial Ltd. |
| 3 | Monarch Networth Capital Ltd. |
Lumino Industries Limited Contact Details
Unit No – 12/4,
Merlin Acropolis,
1858/1 Rajdanga Main Road,
Kolkata, West Bengal, 700107
Phone: +91 33 2441 2008
Email: investor.relation@luminoindustries.com
Website: luminoindustries.com
Lumino Industries IPO FAQs
When will Lumino Industries IPO open?
The Lumino Industries IPO is scheduled to open for subscription on August 27, 2026.
When will Lumino Industries IPO close?
The IPO subscription period is scheduled to close on August 31, 2026.
What is the Lumino Industries IPO price band?
The price band has been fixed at ₹78 to ₹82 per equity share.
What is Lumino Industries IPO lot size?
The minimum application size is 182 shares.
What is the minimum investment for Lumino Industries IPO?
At the upper price of ₹82 per share, one lot of 182 shares requires an investment of ₹14,924.
What is the total size of Lumino Industries IPO?
The IPO comprises ₹700 crore and consists of a fresh issue of approximately 6.10 crore shares and an offer for sale of approximately 2.44 crore shares.
How many shares are offered in Lumino Industries IPO?
The total issue comprises approximately 8.54 crore equity shares.
How much is the fresh issue in Lumino Industries IPO?
The fresh issue comprises approximately 6.10 crore equity shares aggregating up to ₹500 crore.
How much is the OFS in Lumino Industries IPO?
The offer for sale comprises approximately 2.44 crore shares aggregating up to ₹200 crore.
When will Lumino Industries IPO allotment be finalized?
The basis of allotment is expected to be finalized on September 1, 2026.
When will Lumino Industries shares be listed?
The tentative listing date is September 3, 2026 on both BSE and NSE.
Who is the registrar of Lumino Industries IPO?
Bigshare Services Pvt. Ltd. is the registrar appointed for the Lumino Industries IPO.
Who are the lead managers of Lumino Industries IPO?
Motilal Oswal Investment Advisors Ltd., JM Financial Ltd. and Monarch Networth Capital Ltd. are the book running lead managers for the issue.
What is the market cap of Lumino Industries IPO?
At the upper price band of ₹82 per share, the expected post-issue market capitalisation is approximately ₹2,497.34 crore.
Where can I check Lumino Industries IPO GMP?
You can check the latest grey market premium updates on the Lumino Industries IPO GMP page on TradingMinds.
Disclaimer: This IPO article is intended only for general informational and educational purposes. It should not be treated as investment, financial or trading advice. IPO dates, issue details, price bands, allotment schedules, financial figures and other information may change based on official announcements. Grey market premium figures are unofficial and can fluctuate substantially. Investors should carefully read the official IPO documents and evaluate the company’s business, financial position, valuation, order pipeline and associated risks before making any investment decision.
