Lumino Industries IPO: Overview
Lumino Industries Limited, a Kolkata-headquartered manufacturer of conductors, power cables, and electrical wires, opened its ₹700 crore mainboard IPO on August 27, 2026. The issue closes on August 31, 2026, with listing on both BSE and NSE expected on September 3, 2026.
The issue combines a fresh issue of ~₹500 crores with an offer for sale of up to 2,43,90,242 equity shares by promoters.
Lumino Industries IPO: Key Dates
|
Event |
Date |
|
Anchor Bidding Date |
August 25, 2026 |
|
IPO Open Date |
August 27, 2026 |
|
IPO Close Date |
August 31, 2026 |
|
Basis of Allotment |
September 1, 2026 |
|
Refunds Initiated |
September 2, 2026 |
|
Credit to Demat Account |
September 2, 2026 |
|
Listing Date (BSE, NSE) |
September 3, 2026 |
Lumino Industries IPO: Issue Details
|
Particular |
Detail |
|
Face Value |
₹5 per equity share |
|
Price Band |
₹78 to ₹82 per share |
|
Total Issue Size |
~₹700 crores |
|
Fresh Issue |
~₹500 crores |
|
Offer for Sale |
Up to 2,43,90,242 equity shares |
|
Issue Type |
Book Building Issue |
|
Listing |
BSE, NSE |
Reservation is split 35% for retail, 50% for QIB, and 15% for NII/HNI.
Lumino Industries IPO: Lot Size
|
Application |
Lots |
Shares |
Amount |
|
Retail (Minimum) |
1 |
182 |
₹14,924 |
|
Retail (Maximum) |
13 |
2,366 |
₹1,94,012 |
|
S-HNI (Minimum) |
14 |
2,548 |
₹2,08,936 |
|
S-HNI (Maximum) |
67 |
12,194 |
₹9,99,908 |
|
B-HNI (Minimum) |
68 |
12,376 |
₹10,14,832 |
About Lumino Industries
Founded in 2005, Lumino Industries is an engineering, procurement, and construction (EPC) company engaged in manufacturing conductors, power cables, electrical wires, and specialised components for the power transmission and distribution sector. Notably, the company manufactures high-temperature, low-sag (HTLS) conductors — positioning it as one of the faster-growing players in this niche segment.
Its product portfolio spans aluminium conductors, power cables, and electrical wires used across power distribution, industrial, renewable energy, and communication applications. The company operates two manufacturing facilities in Howrah, West Bengal, and supplies to international clients, including government-owned electricity utilities in the USA, Nepal, and Ghana.
Objects of the Issue:-
|
Purpose |
Amount |
|
Prepayment/repayment of certain outstanding borrowings |
₹337.00 crores |
|
Capital expenditure — equipment, machinery, civil works and interior development at an existing facility |
₹15.01 crores |
|
General corporate purposes |
Balance amount |
The overwhelming majority of the fresh issue — nearly 90% — is earmarked for debt reduction rather than expansion, worth keeping in mind when assessing the growth story behind this IPO.
Financial Performance
|
Period |
Revenue |
Expense |
PAT |
Assets |
|
FY2024 |
₹1,424.63 Cr |
₹1,308.67 Cr |
₹86.61 Cr |
₹1,175.44 Cr |
|
FY2025 |
₹1,946.68 Cr |
₹1,777.37 Cr |
₹124.59 Cr |
₹1,718.66 Cr |
|
FY2026 |
₹2,089.31 Cr |
₹1,884.54 Cr |
₹160.00 Cr |
₹2,174.88 Cr |
Revenue growth moderated in the most recent year — up roughly 7% in FY26 versus a much sharper 37% jump in FY25 — while PAT still grew a healthy 28% in FY26, suggesting margin improvement even as topline growth slowed.
How To Apply for the IPO ?
- Login or Open demat account with JM Financial Services / JM PRO app: Open the JM PRO app or JM Financial Services website and log in with your credentials.
- Locate the IPO Section: Navigate to the 'IPO' section on the platform.
- Select IPO: Find and select the IPO from the list of open IPOs.
- Enter the Lot Size: Specify the number of lots you want to bid for.
- Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
- Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.
How To Check the Allotment Status of the IPO?
Steps to check IPO allotment status on JM Pro app:
- Log in to the JM Pro app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
JM Financial Services will notify you of your IPO allotment status via push notification and email
FAQs
Q1. What is the Lumino Industries IPO price band?
The price band is set at ₹78 to ₹82 per equity share.
Q2. When does the Lumino Industries IPO open and close?
The IPO opened on August 27, 2026, and closes on August 31, 2026.
Q3. What is the Lumino Industries IPO lot size?
The minimum lot is 182 shares, requiring an application amount of ₹14,924 at the upper price band.
Q4. What is the total issue size of the Lumino Industries IPO?
The total issue size is approximately ₹700 crores, comprising a fresh issue of ~₹500 crores and an offer for sale of up to 2,43,90,242 equity shares.
Q5. When will Lumino Industries shares list, and on which exchanges?
Shares are expected to list on both BSE and NSE on September 3, 2026.
Q6. What does Lumino Industries manufacture?
Lumino Industries manufactures conductors (including HTLS conductors), power cables, and electrical wires for power transmission and distribution, supplying both domestic and international utility clients.
Disclaimer: This article is for informational and educational purposes only and does not constitute investment advice or a recommendation to buy or sell securities. GMP figures are unofficial and not exchange-published. IPO details are based on publicly available offer documents and may be subject to change. Please read the offer documents carefully and consult a SEBI-registered financial advisor before making any investment decisions.
