Lumino Industries IPO: August 27 Launch, ₹78-₹82 Price Band

Lumino Industries Limited has set its Initial Public Offering price band at ₹78 to ₹82 per equity share, each with a face value of ₹5. The IPO is scheduled to open for subscription on Thursday, August 27, 2026, and will close on Monday, August 31, 2026.

Key IPO Figures

• Price Band: ₹78 to ₹82 per equity share
• Face Value: ₹5 per equity share
• Minimum Bid: 182 equity shares
• Outstanding Equity Shares: 243,578,096 (face value ₹5 each)
• Fresh Issue Component: up to ₹5,000.00 million
• Offer-for-Sale Component: up to ₹2,000.00 million (by promoters Devendra Goel and Jay Goel)

The fresh issuance proceeds are earmarked for specific corporate objectives. Lumino plans to use ₹3,370 million for partial or full repayment of existing borrowings. An additional ₹150.13 million will cover capital expenditure on equipment, machinery, and civil works for a new manufacturing facility, alongside general corporate purposes.

Allocation Structure

The IPO will operate under a book-building process, following SEBI ICDR Regulations. This outlines specific allocations for different investor categories:

• Qualified Institutional Buyers (QIBs): Not more than 50% of the net offer
• Non-Institutional Bidders (NIIs): Not less than 15% of the net offer
• Retail Individual Bidders (RIIs): Not less than 35% of the net offer

Lumino Industries is an integrated engineering, procurement, and construction (EPC) company in India. They specialize in manufacturing and supplying conductors, power cables, electrical wires, and high-temperature low-sag (HTLS) conductors for the power transmission and distribution industry.

The company supplies products to major Indian EPC players like Kalpataru Projects International Limited, Jackson Limited, and Monte Carlo Limited. Internationally, Lumino serves government-owned electricity companies in the United States, Mali, Nepal, Bangladesh, and Ethiopia.

Management & Registration

Motilal Oswal Investment Advisors Limited, JM Financial Limited, and Monarch Networth Capital Limited are serving as the Book Running Lead Managers for this offering. Bigshare Services Private Limited has been appointed as the Registrar for the IPO.