Lumino Industries IPO: Rs 736 Crore Issue Opens Aug 27

Lumino Industries is set to launch an initial public offering (IPO) targeting up to Rs 736 crore. This 100% book-building issue will open for subscription on August 27, 2026, and close on August 31, 2026.

IPO Key Figures

• Total shares: 8,97,43,588 equity shares
• Price band: Rs 78-82 per equity share
• Face value: Rs 5 each
• Listing platforms: BSE and NSE

The shares are priced 15.60 times their face value on the lower side and 16.40 times on the higher side. Specific allocations are designated for various investor groups.

Investor Allocation Breakdown

• Qualified Institutional Buyers (QIBs): Not more than 50% (including 5% for mutual funds)
• Non-institutional bidders: Not less than 15%
• Retail investors: The remaining 35%

Lumino Industries operates as an integrated engineering, procurement, and construction (EPC) player in India. The company specializes in manufacturing and supplying conductors, power cables, and electrical wires primarily for the power transmission and distribution industry.

Specialized Products and Global Presence

• Manufactures high-temperature low-sag (HTLS) conductors.
• Supplies to large EPC players and international clients.
• International client countries include:
  • United States of America
  • Mali
  • Burkina Faso
  • Nepal
  • Bangladesh
  • Kenya
  • Ghana
  • Rwanda
  • Ethiopia

With over three decades of experience, Lumino Industries employs a product-driven business model. Its integrated operations ensure captive consumption of specialized products, which helps stabilize demand and revenue.

Advisory Team

• Motilal Oswal Investment Advisors
• JM Financial
• Monarch Networth Capital

Vivek Jain serves as the compliance officer for the issue.