Lumino Industries IPO: Strong Day 1 Subscription & Anchor Investment
Lumino Industries IPO subscription rate and anchor investment details.
Key Highlights
Lumino Industries IPO fully subscribed 1.42x on Day 1, raising Rs 206.69 Cr from anchor investors. Details on price band, issue size, and fund utilization.
Lumino Industries’ (IPO) hit 1.42 times subscription on its opening day, August 27, 2026. The company received bids for 8.97 crore shares against 6.32 lakh shares available.
- : 1.42 times
- Bids Received: 8.97 crore shares
- Shares on Offer: 6.32 lakh shares
- : Rs 78 to Rs 82 per share
- Minimum Bid Lot: 182 equity shares
- Value: Rs 500 crore
- Value: Rs 200 crore
- Anchor Investor Allotment: 2.52 crore shares at Rs 82 each
- Anchor Investment Amount: Rs 206.69 crore
The IPO includes a fresh issue of equity shares worth Rs 500 crore and an offer for sale totaling Rs 200 crore from the promoters. Lumino Industries plans to allocate Rs 337 crore from the fresh issue proceeds for debt prepayment or repayment.
An additional Rs 15.013 crore will fund capital expenditure, covering equipment, machinery, civil works, and interior development for an existing manufacturing facility. Remaining funds are earmarked for general corporate purposes.
Lumino’s Business Profile
Lumino Industries, promoted by Purushottam Dass Goel, operates as an integrated engineering, procurement, and construction (EPC) player. The company primarily serves the power transmission and distribution (T&D) sector, manufacturing various electrical products.
- Manufacturing (FY26): 69.74% of total revenue
- EPC Project Revenue (FY26): 30.26% of total revenue
- Order Book (March 2026): Rs 3,149.88 crore
- Government Orders: 82.20% of order book
The company maintains two manufacturing facilities in Howrah, with a combined annual aluminum consumption capacity of 40,000 MT. A new facility in Howrah is under expansion, expected to begin commercial production in the second half of FY27.
Prior to the IPO, Lumino Industries secured Rs 206.69 crore from 30 anchor investors on August 26, 2026. For the twelve months ending March 31, 2026, the firm reported a consolidated net profit of Rs 159.97 crore and total sales of Rs 2,041.07 crore. The IPO is scheduled to close on August 31, 2026.