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.
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.