How to Check Lumino Industries IPO Allotment Status

Lumino Industries Limited is an engineering, procurement and construction (EPC) and electrical products company engaged in manufacturing and supplying products used across the power transmission and distribution sector. Its portfolio includes aluminium conductors, power cables, electrical wires and specialised products and components for power and industrial applications.  

The company's manufacturing portfolio includes HTLS conductors, ACSS conductors, ACFR conductors, low-voltage aerial bunched cables, railway signalling cables, thermoset insulated wires, earth wires and house wires. It also executes EPC projects related to power infrastructure.  

Lumino Industries operates in a sector supported by investment in India's power transmission and distribution infrastructure, renewable-energy connectivity and network expansion. Its order book has expanded alongside the company's manufacturing operations, although capacity expansion has also increased debt and working-capital requirements.  

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Lumino Industries IPO is a ₹700 crore book-built mainboard issue, comprising a fresh issue of ₹500 crore and an offer for sale of ₹200 crore by existing shareholders. The total offer comprises approximately 8.54 crore equity shares.  

The IPO opened for subscription on August 27, 2026 and closed on August 31, 2026. The basis of allotment is scheduled for September 1, 2026, followed by refunds and credit of shares on September 2. The shares are scheduled to list on BSE and NSE on September 3, 2026.  

The price band was fixed at ₹78 to ₹82 per share, with a lot size of 182 shares. At the upper end of the price band, the minimum retail investment for one lot works out to ₹14,924.  

JM Financial Limited, Monarch Networth Capital Limited and Motilal Oswal Investment Advisors Limited are the book-running lead managers, while Bigshare Services Private Limited is the registrar to the issue.  

Registrar:  Bigshare Services Private Limited 

BSE: BSE IPO Allotment Status Page 

NSE: NSE IPO Allotment Status Page 

Lumino Industries IPO Subscription Status 

Lumino Industries IPO witnessed substantial demand on its final day, with QIB subscription at 222.15 times, NII subscription at 178.00 times and Retail subscription at 37.78 times, according to the final 5paisa subscription update.

The NII category was subscribed 178.00 times on the closing day, compared with 8.18 times on Day 2, showing a substantial increase in high-net-worth investor participation.  

Retail Investors subscribed the issue 37.78 times, after subscription increased from 2.08 times on Day 1 to 6.87 times on Day 2.  

Overall demand accelerated significantly on the closing day. Exchange-based post-close data also recorded overall subscription at approximately 118 times, confirming the sharp final-day increase in bidding.  

Lumino Industries IPO Share Price and Investment Details 

Lumino Industries IPO price band was fixed at ₹78 to ₹82 per share, with a minimum lot size of 182 shares. At the upper price of ₹82, one retail lot requires an investment of ₹14,924.  

The IPO has a total issue size of ₹700 crore, comprising a ₹500 crore fresh issue and ₹200 crore offer for sale. The issue comprises approximately 8.54 crore shares and is proposed to list on both BSE and NSE.  

Based on the final figures provided, QIBs led demand at 222.15 times, followed by NIIs at 178.00 times and Retail Investors at 37.78 times. The corrected overall subscription stood at approximately 118 times.  

Given the substantial oversubscription across investor categories, competition for allotment is high. The basis of allotment is scheduled for September 1, 2026, followed by the proposed September 3 listing.  

Utilisation of IPO Proceeds 

Lumino Industries proposes to utilise a portion of the fresh issue proceeds towards prepayment or repayment, in full or in part, of certain outstanding borrowings availed by the company.  

Another portion is proposed to be utilised towards capital expenditure for purchasing equipment and machinery, undertaking civil works and carrying out interior development at an existing manufacturing facility.  

The balance of the fresh issue proceeds is intended to be deployed towards general corporate purposes, subject to applicable regulatory limits.  

The fresh capital is expected to support the company's capacity expansion while reducing part of its outstanding debt. Lumino's recent expansion has increased its debt burden and working-capital requirements, making these two areas important components of its capital allocation.  

Since the IPO includes a ₹200 crore offer-for-sale component, Lumino Industries will not receive the proceeds attributable to shares sold by existing shareholders.  

Business Overview 

Lumino Industries operates across the power transmission and distribution value chain, combining electrical product manufacturing with EPC capabilities. Its products are used in power networks, railway infrastructure and other industrial applications.  

Its manufacturing portfolio covers aluminium conductors, power cables and electrical wires, including specialised products such as HTLS, ACSS and ACFR conductors. It also manufactures low-voltage aerial bunched cables, railway signalling cables, thermoset insulated wires, earth wires and house wires.  

The company has also entered into conductor manufacturing licences and a core supply agreement with CTC Global Corporation, expanding its capabilities in specialised conductor technologies.  

Lumino's business is positioned to participate in demand arising from investments in power infrastructure, transmission-network expansion and electricity distribution systems. Its growing order book provides revenue visibility, while capacity expansion is intended to support future manufacturing requirements.  

Key strengths include its presence across manufacturing and EPC activities, diversified electrical-product portfolio, specialised conductor capabilities, expanding order book and exposure to India's ongoing power infrastructure development.  

Investors should also consider risks associated with high working-capital requirements, rising borrowings, fluctuations in aluminium and other raw-material prices, customer concentration, project-execution risks and dependence on continued investment in the power transmission and distribution sector. The company's working-capital cycle has lengthened alongside its expansion, while its debt burden has increased to fund additional capacity.