Lumino Industries IPO
IPO Listing Details
- Listing Date
03 Sep 2026
- Listing Price
₹109.00
- Listing Change
32.93%
- Last Traded Price
₹108.81
Lumino Industries IPO Details
-
Open Date
27 Aug 2026
-
Close Date
31 Aug 2026
- IPO Price Range
₹ 78 to ₹82
- IPO Size
₹ 700 Cr
Lumino Industries IPO Timeline
Lumino Industries IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 27-Aug-2026 | 0.04 | 2.20 | 2.08 | 1.51 |
| 28-Aug-2026 | 0.06 | 8.18 | 6.87 | 5.14 |
Last Updated: 31 August 2026 5:32 PM by 5paisa
Lumino Industries Ltd. is an integrated engineering, procurement and construction (EPC) company serving India’s power transmission and distribution sector. The company manufactures aluminium conductors, power cables, electrical wires and high-temperature low-sag (HTLS) conductors. Its EPC operations cover transmission and distribution projects, EHV substations, railway electrification, solar power and water management. Lumino also supplies leading Indian EPC companies and government-linked customers across several international markets.
Established in: 2005
Managing Director: Devendra Goel
Peers:
| Metric |
Lumino Industries Limited |
Apar Industries Limited |
Bajel Projects Limited |
Kalpataru Projects International Limited |
|---|---|---|---|---|
|
Total Income |
2089.31 | 22966.89 | 2818.56 | 27247.93 |
|
Face Value |
5 | 10 | 2 | 2 |
|
Closing Price as on August 11, 2026(₹) |
NA | 16748.00 | 189.07 | 1347.70 |
| EPS (Diluted) | 6.57 | 242.81 | 1.74 | 60.90 |
| NAV | 29.95 | 1341.55 | 64.61 | 438.28 |
| P/E | NA | 68.98 | 108.66 | 22.13 |
| RoNW (%) | 24.62 | 19.76 | 0.98 | 15.80 |
Lumino Industries Objectives
1. Prepayment or re-payment, in full or in part,of certain outstanding borrowings availed by Company
2. Capital expenditure by Company for purchase of equipment and machinery, civil works and interior development of an existing manufacturing facility
3. General corporate purposes
Lumino Industries IPO Size
| Types | Size |
|---|---|
| Total IPO Size | ₹700 Cr |
| Offer For Sale | ₹200 Cr |
| Fresh Issue | ₹500 Cr |
Lumino Industries IPO Lot Size
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 182 | 14,196 |
| Retail (Max) | 13 | 2,366 | 1,94,012 |
| S-HNI (Min) | 14 | 2,548 | 1,98,744 |
| S-HNI (Max) | 66 | 12,194 | 9,99,908 |
| B-HNI (Min) | 67 | 12,376 | 9,65,328 |
Lumino Industries IPO Reservation
| Investors Category | Subscription (times) | Shares Offered* | Shares bid for | Total Amount (Cr.)* |
|---|---|---|---|---|
| QIB (Ex Anchor) | 0.04 | 1,68,29,268 | 7,45,472 | 6.113 |
| Non-Institutional Buyers | 3.85 | 1,26,21,951 | 4,85,49,956 | 398.110 |
| bNII | 2.53 | 84,14,634 | 2,12,58,692 | 174.321 |
| sNII | 6.49 | 42,07,317 | 2,72,91,264 | 223.788 |
| Individual Investors (IND category bidding for 2 Lots) | 3.70 | 2,94,51,219 | 10,89,44,290 | 893.343 |
| Total** | 2.66 | 6,01,21,950 | 15,96,54,040 | 1,309.163 |
*The "Shares Offered" and "Total Amount" are calculated using the upper limit of the issue price range.
**Shares allocated to anchor investors (or market makers) are excluded from the total number of shares offered.
| Particulars (In ₹ Crores) | FY24 | FY25 | FY26 |
| Revenue | 1407.32 | 1917.97 | 2041.07 |
| EBITDA | 145.09 | 222.94 | 238.95 |
| PAT | 86.61 | 124.59 | 159.10 |
| Particulars (In ₹ Crores) | FY24 | FY25 | FY26 |
| Total Assets | 1175.44 | 1718.66 | 2174.88 |
| Share Capital | 30.45 | 121.79 | 121.79 |
| Total Liabilities | 729.47 | 1148.21 | 1445.16 |
| Particulars (In ₹Crores.) | FY24 | FY25 | FY26 |
| Net Cash Generated From / (used in) Operating Activities | 100.91 | -238.59 | 156.08 |
| Net Cash Generated From / (used in) Investing Activities | -3.58 | -12.77 | -40.60 |
| Net Cash Generated From / (used in) Financing Activities | -94.25 | 311.48 | -101.72 |
| Net Increase (Decrease) in Cash and Cash Equivalents | 3.07 | 60.11 | 13.76 |
Strengths
1. Integrated manufacturing and EPC capabilities support diversification.
2. Broad product portfolio serves multiple power applications.
3. International presence reduces dependence on domestic markets.
4. HTLS conductor expertise supports advanced transmission requirements.
Weaknesses
1. EPC projects may involve long execution cycles.
2. Business depends significantly on infrastructure sector spending.
3. Working capital requirements may remain relatively high.
4. International operations expose company to execution complexities.
Opportunities
1. Rising power demand supports transmission infrastructure expansion.
2. Renewable energy growth creates additional EPC opportunities.
3. Railway electrification can drive future project demand.
4. Overseas infrastructure investments offer further export potential.
Threats
1. Raw material price volatility may pressure margins.
2. Intense industry competition could affect project profitability.
3. Project delays may impact revenues and cashflows.
4. Regulatory changes could affect infrastructure project execution.
1. Integrated manufacturing and EPC capabilities support growth.
2. Diversified product portfolio serves key infrastructure segments.
3. International presence broadens revenue growth opportunities significantly.
4. Power infrastructure expansion may support future demand.
Lumino Industries operates within India’s expanding power transmission and distribution ecosystem, supported by rising electricity demand, renewable energy integration and infrastructure development. Its presence across manufacturing and EPC enables participation across multiple stages of power projects. Growth opportunities may also emerge from railway electrification, solar projects, grid modernisation and international markets. However, future performance will depend on project execution, order inflows, raw material costs and overall infrastructure spending.
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FAQs
Lumino Industries IPO opens from August 27, 2026 to August 31, 2026.
The size of Lumino Industries IPO is approximately ₹ 700 crore.
The price band of Lumino Industries IPO is fixed at ₹78 to ₹82 per share.
To apply for Lumino Industries IPO, follow the steps given below:
● Login to your 5paisa demat account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Lumino Industries IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
The minimum lot size is 182 shares, requiring an investment of approximately ₹ 14,196.
The share allotment date of Lumino Industries IPO is September 1, 2026.
The Lumino Industries IPO will likely be listed on September 3, 2026.
Motilal Oswal Investment Advisors Ltd is the book-running lead manager.
1. Prepayment or re-payment, in full or in part,of certain outstanding borrowings availed by Company
2. Capital expenditure by Company for purchase of equipment and machinery, civil works and interior development of an existing manufacturing facility
3. General corporate purposes