Lumino Industries IPO: Lumino Industries Limited is an integrated engineering, procurement and construction (EPC) company in India focused on manufacturing and supplying conductors, power cables, electrical wires and specialty products for the power transmission and distribution industry. The company has come up with its IPO in the market to raise ₹700.00 crore. Lumino Industries IPO will open for subscription on August 27, 2026, and close August 31, 2026.
Lumino Industries IPO is a book build issue of 8,53,65,851 shares (₹700.00 Cr.). The issue is a combination of a fresh issue of 6,09,75,609 shares (₹500.00 Cr.) and an offer for sale of 2,43,90,242 shares (₹200.00 Cr.).
The price band for Lumino Industries IPO is ₹78 to ₹82 per share. The minimum application size is 1 lot (182 shares), requiring a retail investor to invest at least ₹14,924 (based on the upper price band).
Lumino Industries IPO Details
| Open Date | August 27, 2026 |
| Close Date | August 31, 2026 |
| Issue Type | Book Building Issue |
| Face Value | ₹5.00 Equity Share |
| Price Band | ₹78.00 – ₹82.00 Per Share |
| Listing On | BSE, NSE |
| Total Issue Size | ₹700.00 Cr. (8,53,65,851 Shares) |
| Fresh Issue | ₹500.00 Cr. (6,09,75,609 Shares) |
| Offer For Sale | ₹200.00 Cr. (2,43,90,242 Shares) |
| Prospectus | RHP | Anchor Investors |
Lumino Industries IPO Reservation
| Category | Net Issue | Total Issue | Shares Offered |
|---|---|---|---|
| QIB | 50.00% | 49.29% | 4,20,73,169 |
| NII | 15.00% | 14.79% | 1,26,21,951 |
| Retail | 35.00% | 34.50% | 2,94,51,219 |
| Employee Preferential Reservations | — | 1.43% | 12,19,512 |
| Total | 100.00% | 100.00% | 8,53,65,851 |
Lumino Industries IPO Market Lot
| Application | Lot | 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 |
Key Performance Indicator
| KPI (March 31, 2026) | Value |
| Market Capitalisation | ₹2,497.34 Cr. (On Upper Price) |
| P/E Ratio | 12.48x |
| EPS | ₹6.57 |
| ROE | 24.62% |
| ROCE | 25.75% |
| RoNW | 24.62% |
| Dept/Equity | 0.53 |
| Operating EBITDA Margin | 11.71% |
| PAT Margin | 7.66% |
| Net Assets Value | ₹29.95 |
| Price To Book Value | 2.74x |
Lumino Industries IPO Peer Comparison
| Company | P/E | EPS | RoNW | NAV |
| Apar Industries Limited | 68.98x | ₹242.81 | 19.76% | ₹1,341.55 |
| Bajel Projects Limited | 108.66x | ₹1.74 | 0.98% | ₹64.61 |
| Kalpataru Projects International Limited | 22.13x | ₹60.90 | 15.80% | ₹438.28 |
| KEC International Limited | 19.81x | ₹22.75 | 11.10% | ₹219.80 |
| KEI Industries Limited | 58.79x | ₹96.02 | 14.76% | ₹697.07 |
| Universal Cables Limited | 35.51x | ₹47.01 | 8.91% | ₹544.62 |
| Techno Electric & Engineering Company Limited | 25.97x | ₹40.74 | 12.00% | ₹357.43 |
Lumino Industries IPO Dates (Tentative)
| Open Date | August 27, 2026 |
| Close Date | August 31, 2026 |
| Allotment Date | September 01, 2026 |
| Refund Date | September 02, 2026 |
| Share Credit Date | September 02, 2026 |
| Listing Date | September 03, 2026 |
Lumino Industries Limited Company Financial Report (Restated)
| Period Ended | Total Assets | Total Income | Total Expenses | Net Worth | Profit After Tax | Operating EBITDA | Reserves and Surplus | Total Borrow |
|---|---|---|---|---|---|---|---|---|
| March 2026 (Consolidated) | ₹2,174.88 Cr. | ₹2,089.31 Cr. | ₹1,884.54 Cr. | ₹729.58 Cr. | ₹160.00 Cr. | ₹238.95 Cr. | ₹606.16 Cr. | ₹384.16 Cr. |
| March 2025 (Consolidated) | ₹1,718.66 Cr. | ₹1,946.68 Cr. | ₹1,777.37 Cr. | ₹570.29 Cr. | ₹124.59 Cr. | ₹222.94 Cr. | ₹446.66 Cr. | ₹418.83 Cr. |
| March 2024 (Consolidated) | ₹1,175.44 Cr. | ₹1,424.63 Cr. | ₹1,308.67 Cr. | ₹445.86 Cr. | ₹86.61 Cr. | ₹145.09 Cr. | ₹413.86 Cr. | ₹40.91 Cr. |
Company Promoters
- Purushottam Dass Goel
- Devendra Goel
- Jay Goel
| Holding Pre Issue | 24,35,78,096 Shares | 100.00% |
| Holding Post Issue | 30,45,53,705 Shares | 71.97% |
Lumino Industries IPO Lead Managers
- Motilal Oswal Investment Advisors Limited
- JM Financial Limited
- Monarch Networth Capital Limited
Lumino Industries IPO Registrar
Bigshare Services Private Limited
Telephone: 8657578989/8069219065/8069219060
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
About Lumino Industries Limited (Incorporated in 2005)
The company is a product-driven integrated engineering, procurement, and construction (“EPC”) player in India with a strong focus on manufacturing. It supplies conductors, power cables, electrical wires, and other specialty products and components to the growing power transmission and distribution industry in India. It also manufactures high-temperature low-sag (“HTLS”) conductors used in distribution and transmission lines in India. The company achieved an operating EBITDA margin of 11.71% in fiscal 2026.
Leveraging over three decades of experience in the power transmission and distribution industry, the company has built a product-driven business model focused on the design, engineering, manufacturing, and distribution of specialty products used in a wide range of power transmission and distribution, industrial applications, electrical wiring, renewable energy projects, communication systems, electrical panels, and railway network applications.
The company supplies conductors, power cables, and other specialty products to major EPC players such as Kalpataru Projects International Limited (formerly known as Kalpataru Power Transmission Limited), Jackson Limited, Warora Kurnool Transmission Limited, K.G.N. Electricals, WRSS XXI (A) Transco Limited, Monte Carlo Limited, and R.S. Infraprojects Private Limited.
The company also supplies its products to international clients, including state-owned and controlled power companies, public enterprises, and electricity boards in countries such as the United States of America, Mali, Burkina Faso, Côte d’Ivoire, Nepal, Bangladesh, Kenya, Ghana, Rwanda, and Ethiopia. Additionally, in keeping with the company’s product-driven strategy and integrated operations, we also supply products for captive consumption in the EPC projects we execute. In fiscal 2026, 23.08% of the specialty products used in EPC projects were manufactured in-house by this company.
The company’s integrated operations ensure captive consumption of a portion of its key products and reduce external dependencies, leading to consistent demand and revenue stability. Captive consumption of its products helps ensure stable and predictable sales, streamlines production planning, and reduces inventory risk. Similarly, by manufacturing essential products and components in-house, it has developed a reliable and seamless supply chain for its EPC projects, reducing dependency on external vendors and minimizing risks associated with procurement delays or price volatility.
Integrated operations enhance its project execution capabilities, enabling it to meet product specifications, while also achieving cost efficiencies through economies of scale. The company’s unique product-driven business model enhances our bidding capabilities for EPC projects (by minimizing external costs and maximizing operational flexibility) and enables us to improve our receivable cycle and overall profitability.
Company Strengths (In Details)
- A power EPC company with in-house manufacturing capabilities.
- Cost efficient business model with integrated business segments.
- Manufacturing facilities with diverse product offerings.
- Order book across various regions in India.
- Partnerships with global companies for advanced technology.
- Promoters and management team, with operational and workforce oversight.
Objects Of The Issue (Total Estimated Amount ₹352.01 Cr.)
- Prepayment or re-payment, in full or in part, of certain outstanding borrowings availed by the company. (Estimate Amount ₹337.00 Cr.)
- Capital expenditure by the company for purchase of equipment and machinery, civil works and interior development of an existing manufacturing facility. (Estimate Amount ₹15.01 Cr.)
- General corporate purposes
Company Address
Lumino Industries Limited
Address: Unit No – 12/4,
Merlin Acropolis 1858/1 Rajdanga Main Road,
Kolkata, West Bengal, 700107
Telephone: +91 33 2441 2008
Email: investor.relation@luminoindustries.com
Website: https://www.luminoindustries.com/
Lumino Industries IPO FAQs
What are the open and close dates of the Lumino Industries IPO?
The Lumino Industries IPO will open on August 27, 2026 and close on August 31, 2026.
What is the price band for Lumino Industries IPO?
The price band for the Lumino Industries IPO is ₹78 to ₹82 per share.
What is the issue size of the Lumino Industries IPO?
The total issue size of the Lumino Industries IPO is ₹700.00 Cr., comprising both fresh issue and offer for sale (if applicable).
What is Lumino Industries IPO Minimum and Maximum Lot Size?
The minimum bid is 1 Lot, 182 Shares with ₹14,924 amount while the maximum bid is 13 Lot, 2,366 shares with ₹1,94,012 for the Lumino Industries IPO.
What is Lumino Industries IPO Investors Portion?
The investors portion for QIB 50%, NII 15%, RII 35% for the Lumino Industries IPO.
When will the allotment for the Lumino Industries IPO be finalized?
The Lumino Industries IPO allotment is expected to be finalized on September 01, 2026.
When will the shares of MainBoard IPO get listed?
The Mainboard IPO shares are expected to be listed on BSE and NSE on September 03, 2026.
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| Lumino Industries IPO GMP |
| Lumino Industries IPO Subscription Status |
| Lumino Industries IPO Allotment Status |
Desclaimer: This Content Has Been Researched And Prepared By The IPO Investors Team After Reviewing The Lumino Industries IPO Red Herring Prospectus (RHP) And Other Official IPO-Related Documents Publicly Available To Investors. The Information Is Provided For Informational And Educational Purposes Only And Should Not Be Considered Investment advice.
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