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Lumino IPO Oversubscribed Nearly 5x!
28 Aug
Summary
- Lumino Industries IPO was subscribed 4.87 times.
- IPO price band set between Rs 78 and Rs 82 per share.
- Rs 337 crore to be used for debt prepayment.
Lumino Industries' initial public offering has garnered substantial attention, with bids received for 30.76 crore shares against the 6.32 crore shares on offer, resulting in a subscription rate of 4.87 times. The IPO, which commenced on 27 August 2026 and closes on 31 August 2026, has set its price band at Rs 78 to Rs 82 per equity share.
The company plans to utilize Rs 337 crore of the net proceeds from its fresh issue towards prepayment of outstanding borrowings. An additional Rs 15.013 crore is allocated for capital expenditure, including equipment and machinery purchases for an existing manufacturing facility.
Prior to the public offering, Lumino Industries successfully raised Rs 206.69 crore from 30 anchor investors on 26 August 2026, who were allotted 2.52 crore shares at Rs 82 each. Lumino Industries is an integrated EPC player focused on the power T&D sector, manufacturing conductors, cables, and wires, and undertaking various projects.
As of March 2026, the company reported a consolidated net profit of Rs 159.97 crore and sales of Rs 2,041.07 crore. Its order book stood at Rs 3,149.88 crore, with operations based in Howrah, West Bengal.
