Lumino Industries IPO: Complete Details, Dates, Price, Financials & Review
“Lumino IPO” refers to Lumino Industries Limited, the Kolkata-based power-cable and EPC company. Its mainboard issue closed on 31 August 2026, so this is now an allotment-stage IPO rather than an upcoming offer.
In short
- Price band: ₹78 to ₹82 per share, minimum one lot of 182 shares.
- Open 27 August 2026 to 31 August 2026, listing expected 3 September 2026.
- Issue size about ₹700 crore.
- An IPO application is not a guaranteed allotment, and listing gains are not guaranteed either. Read the offer document before applying.
Last Updated: 1 September 2026, 21:00 IST
“Lumino IPO” refers to Lumino Industries Limited, the Kolkata-based power-cable and EPC company. Its mainboard issue closed on 31 August 2026, so this is now an allotment-stage IPO rather than an upcoming offer.
Lumino Industries IPO Overview
- IPO type: Mainboard, book-built
- Issue size: ₹700 crore
- Fresh issue / OFS: ₹500 crore / ₹200 crore
- Face value: ₹5 per share
- Price band: ₹78–₹82
- Lot size: 182 shares
- Minimum investment: ₹14,924 at upper band
- Open / close: 27–31 August 2026
- Allotment: 1 September 2026 (scheduled)
- Listing: 3 September 2026 (scheduled)
- Exchange: BSE and NSE
- Registrar: Bigshare Services Private Limited
- Lead managers: Motilal Oswal Investment Advisors, JM Financial, Monarch Networth Capital
About Lumino Industries
Lumino manufactures conductors and power cables and executes engineering, procurement and construction work for power-transmission and distribution projects. Manufacturing and EPC create two related revenue engines. The order book was ₹3,149.88 crore at 31 March 2026, but a large order book is useful only if projects are executed on time and customers pay as contracted.
Dates, Lot Size and Reservation
- Opening: 27 August 2026
- Closing: 31 August 2026
- Basis of allotment: 1 September 2026
- Refunds / demat credit: 2 September 2026
- Listing: 3 September 2026
One retail lot contains 182 shares and costs ₹14,924 at ₹82. Employee applications were also offered under the issue terms. Investors should use the RHP or exchange bidding notice for the final category-wise share counts.
Objectives of the IPO
Of the fresh proceeds, ₹337 crore is earmarked for repayment or prepayment of borrowings and ₹15.01 crore for equipment, machinery, civil work and interior development at an existing facility. The balance, after issue expenses and permitted limits, is for general corporate purposes. OFS proceeds go to the selling shareholders.
Financial Performance
- Financial year: FY2024 | Revenue: ₹1,424.63 cr | PAT: ₹86.61 cr | Net worth: ₹445.86 cr
- Financial year: FY2025 | Revenue: ₹1,946.68 cr | PAT: ₹124.59 cr | Net worth: ₹570.29 cr
- Financial year: FY2026 | Revenue: ₹2,089.31 cr | PAT: ₹160.00 cr | Net worth: ₹729.58 cr
FY26 revenue grew about 7.3%, while PAT grew about 28.4%. Reported FY26 KPIs include PAT margin of 7.66%, ROE/RoNW of 24.62%, ROCE of 25.75%, debt-to-equity of 0.53, NAV of ₹29.95 and pre-IPO EPS of ₹6.57.
Strengths and Risks
Strengths include a sizable order book, integrated manufacturing-plus-EPC capabilities, rising profitability and the planned debt reduction. Risks are more specific: government-related clients contributed a large share of revenue, EPC contracts carry execution and working-capital risk, raw-material prices can move, and most fresh proceeds repair the balance sheet rather than build major new capacity.
Valuation and Balanced View
At ₹82 and pre-IPO EPS of ₹6.57, the simple pre-issue P/E is about 12.5 times. That needs comparison with KEC International and other genuinely comparable cable/EPC businesses, adjusted for business mix, debt and execution risk. The issue may interest investors comfortable with power-infrastructure cycles and government-customer exposure; others may prefer to see cash conversion and post-repayment leverage before drawing conclusions.
FAQs
When did the IPO close?
It closed on 31 August 2026.
What was the price band?
₹78–₹82 per share.
What was the lot size?
182 shares; ₹14,924 at the upper band.
When is listing scheduled?
3 September 2026, subject to completion of the process.
Who is the registrar?
Bigshare Services Private Limited.
Is it mainboard or SME?
It is a BSE and NSE mainboard issue.
Disclaimer: This article is for educational and informational purposes only and should not be considered investment advice. IPO investments are subject to market risks. Investors should read the official offer documents and consult a qualified financial advisor before making investment decisions.
Frequently asked questions
What is the price band for the Lumino Industries Limited IPO?
The price band is ₹78 to ₹82 per share. The minimum application is one lot of 182 shares, which works out to about ₹14,924 at the upper end of the band. Retail applications are made at the cut-off price in most book-built issues.
When does the Lumino Industries Limited IPO open and close?
Bidding opens on 27 August 2026 and closes on 31 August 2026., with listing expected on 3 September 2026. Dates for an issue that has not opened can move, so check the exchange notice before applying.
How big is the Lumino Industries Limited IPO?
The total issue size is about ₹700 crore, made up of a fresh issue of about ₹500 crore and an offer for sale of about ₹200 crore. Only the fresh-issue portion reaches the company; money raised through an offer for sale goes to the shareholders who are selling.
Is Lumino Industries Limited a mainboard or an SME IPO?
It is a mainboard issue. Mainboard issues are open to the full range of investor categories and list on the main exchange platform.
What is the grey market premium for the Lumino Industries Limited IPO?
Our last recorded reading was ₹22 per share, about 26.83% of the upper price band. This is an unofficial grey-market estimate, not an exchange price, and it moves daily. It is not a forecast of what the shares will list at.
Who is the registrar for the Lumino Industries Limited IPO?
Bigshare Services Private Limited is the registrar. Allotment status can be checked on the registrar's own website once the basis of allotment is finalised, and on the exchange websites.