What is Lumino Industries IPO?

Lumino Industries IPO is a main-board book building issue of 8,53,65,851 equity shares of the face value of ₹5 aggregating up to ₹700 Crores. The issue is priced at ₹78 to ₹82 per share.

When does the Lumino Industries IPO open and close?

The IPO opens on Thursday, August 27, 2026, and closes on Monday, August 31, 2026.

What is the price band of the Lumino Industries IPO?

The IPO price band is set at ₹78 to ₹82 per share.

What is the lot size and minimum investment for Lumino Industries IPO?

The lot size is 182 shares. The minimum investment required for retail investors is ₹14,924 (based on the upper price band).

What is the total issue size of the Lumino Industries IPO?

The total issue size is up to ₹700.00 crores, comprising a fresh issue of up to ₹500.00 crores and an offer for sale (OFS) of up to ₹200.00 crores.

Where will Lumino Industries shares be listed?

The shares are proposed to be listed on both BSE and NSE.

Who is the registrar for the Lumino Industries IPO?

Bigshare Services Pvt. Ltd. is the registrar for the IPO.

What is the post-IPO market cap of Lumino Industries?

Based on the upper cap of the price band, the post-IPO market cap is estimated to be ₹2,497.34 crore.

What are the company's key business segments?

The company operates through two key segments: Manufacturing (conductors, cables, wires) and EPC (transmission and distribution, substations, railway electrification, solar and water projects).

Who are the promoters of Lumino Industries?

The promoters are Purushottam Dass Goel, Devendra Goel, and Jay Goel.

IPO Details

Lumino Industries Limited IPO

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Mainboard IPO

₹14,196

Minimum Investment

Exchange Listed · NSE / BSESEBI Regulated Issue

About Company

Company Name: Lumino Industries Limited

Industry / Sector: Cables, Conductors & Electrical Equipment / EPC

Founded Year: 2005

Promoters: Purushottam Dass Goel, Devendra Goel, Jay Goel

Lumino Industries Ltd. is an integrated engineering, procurement and construction (EPC) company in India, with a focus 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. It 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. It supplies to major EPC players and international customers across the USA, Africa, and Asia.

IPO Basic Details

Company Name	Lumino Industries Limited
IPO Type	Mainboard IPO
Price Band	₹78 – ₹82
Lot Size	182 Shares
Total Issue Size	8,53,65,851 Equity Shares (₹700 Cr)

IPO Strengths & Risks

Strengths

Integrated manufacturing and EPC capabilities
High-Temperature Low-Sag (HTLS) conductor manufacturing expertise
Strong relationships with major EPC players and government utilities
Established international customer base
Experienced promoters and management team

Risks

High dependence on the power sector and government infrastructure spending
Competitive bidding environment and pricing pressure
Raw material price volatility (aluminum, copper)
Execution and project cost overrun risks
Working capital intensive business model
Foreign exchange risk from international operations

IPO Important Dates

IPO Open Date	27 Aug 2026
IPO Close Date	31 Aug 2026
Basis of Allotment	01 Sep 2026
Refund Initiation	Not specified in the source
Demat Credit Date	02 Sep 2026
Listing Date	03 Sep 2026
Anchor Investor Date	-
UPI Mandate Deadline	-

IPO Objectives

Capital expenditure for machinery and equipment – -
Funding working capital requirements – -
Debt repayment – -
General corporate purposes – Balance Amount

Investor Reservation

QIB Quota	Not more than 50% of the Net Offer
Retail Quota	Not less than 35% of the Net Offer
HNI Quota	-
Employee Quota	-
Shareholder Quota	-
Anchor Investor Allocation	-

Market Lot Details

Application	Lot Size	Shares	Amount
Retail Minimum	1 Lot	182	₹14,924
Retail Maximum	13 Lots	2,366	₹1,94,012
S-HNI Minimum	14 Lots	2,548	₹2,08,936
S-HNI Maximum	67 Lots	12,194	₹9,99,908
B-HNI Minimum	68 Lots	12,376	₹10,14,832

Key Performance Indicators (KPI)

ROE	24.62%
ROCE	25.75%
RoNW	-
PAT Margin	7.66%
EBITDA Margin	11.71%
EPS	₹6.57 (Pre-IPO)
NAV per share	-
Debt to Equity	0.53
P/E Ratio	-
Industry P/E	-

Company Financial Data

Period	Assets	Total Income	PAT	EBITDA	Net Worth	Borrowings
FY2026	₹2,174.88 Cr	₹2,089.31 Cr	₹160.00 Cr	₹238.95 Cr	₹729.58 Cr	₹384.16 Cr
FY2025	₹1,718.66 Cr	₹1,946.68 Cr	₹124.59 Cr	₹222.94 Cr	₹570.29 Cr	₹418.83 Cr
FY2024	₹1,175.44 Cr	₹1,424.63 Cr	₹86.61 Cr	₹145.09 Cr	₹445.86 Cr	₹40.91 Cr

Grey Market Premium

GMP Price	Not Available
Kostak Rate	Not Available
Subject to Sauda	Not Available
Last Updated	Not Available
Estimated Listing Price	TBA

IPO Subscription Data

Total Subscription	Pending
QIB (Ex Anchor)	Pending
HNI Subscription	Pending
Retail Subscription	Pending
Anchor	-

IPO Intermediaries

Registrar: Bigshare Services Pvt. Ltd.

Registrar Website: https://www.bigshareonline.com

IPO Lead Manager(s)

Motilal Oswal Investment Advisors Ltd.

IPO Documents

RHP

Frequently Asked Questions (FAQ)

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