Lumino Industries IPO
Bookbuilding IPO | ₹700.00 Cr | Listing at BSE, NSE
IPO Open
Thu, Aug 27, 2026
IPO Close
Mon, Aug 31, 2026
Price Band
₹78.00 to ₹82.00
Market Cap (Pre-IPO)
₹2,497.34 Cr
IPO Details
| IPO Date | Aug 27, 2026 to Aug 31, 2026 |
| Listing Date | Tentative: Sep 03, 2026 |
| Face Value | ₹5.00 per share |
| Price Band | ₹78.00 to ₹82.00 |
| Lot Size | 182 Shares (Minimum: ₹14,924.00) |
| Sale Type | Offer For Sale + Fresh Issue |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Issue Size | ₹700.00 Crores |
| Total Shares Offered | 85,365,851 shares |
| Fresh Issue | 60,975,609 shares |
| Offer For Sale | 24,390,242 shares |
Subscription Data
| Category | Times Subscribed |
|---|---|
| QIB | 0.06x |
| NII | 8.18x |
| RII | 6.87x |
| Total | 5.14x |
Lumino Industries IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | 50.00 |
| Retail Shares Offered | 35.00 |
| NII Shares Offered | 15.00 |
Lumino Industries IPO Lot Size
Investors can bid for a minimum of 182 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 182 | ₹14,924 |
| Retail (Max) | 13 | 2,366 | ₹194,012 |
| S-HNI (Min) | 14 | 2,548 | ₹208,936 |
| S-HNI (Max) | 67 | 12,194 | ₹999,908 |
| B-HNI (Min) | 68 | 12,376 | ₹1,014,832 |
Lumino Industries Financial Information (Restated Consolidated)
Lumino Industries Ltd.'s revenue increased by 7% and profit after tax (PAT) rose by 28% between the financial year ending with March 31, 2026 and March 31, 2025.
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 2,174.88 | 1,718.66 | 1,175.44 |
| Total Income | 2,089.31 | 1,946.68 | 1,424.63 |
| Profit After Tax | 160.00 | 124.59 | 86.61 |
| EBITDA | 238.95 | 124.59 | 145.09 |
| NET Worth | 729.58 | 570.29 | 445.86 |
| Reserves and Surplus | 606.16 | 446.66 | 413.86 |
| Total Borrowing | 384.16 | 418.83 | 40.91 |
Amount in ₹ Cr
Key Performance Indicators
As of Tuesday, March 31, 2026| KPI | Values |
|---|---|
| ROE (Return on Equity) | 24.62% |
| ROCE (Return on Capital Employed) | 25.75% |
| Debt/Equity | 0.53 |
| RoNW (Return on Net Worth) | 24.62% |
| PAT Margin (Profit After Tax Margin) | 7.66% |
| EBITDA Margin | 11.71% |
| Price to Book Value | 2.74 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 6.57 | 5.25 |
| P/E (x) | 12.48 | 15.62 |
Company Overview
Lumino Industries Ltd. – Company Overview
- Lumino Industries Ltd. is an integrated Engineering, Procurement and Construction (EPC) company engaged in manufacturing and supplying electrical products for the power transmission and distribution industry.
- The company manufactures conductors, power cables, electrical wires, and specialised products, including High-Temperature Low-Sag (HTLS) conductors used in transmission and distribution networks.
- The company supplies products to major EPC players in India and also caters to international customers, including government-owned electricity companies, public enterprises, and electricity boards.
- Its international presence includes markets such as the USA, Mali, Burkina Faso, Côte d'Ivoire, Nepal, Bangladesh, Kenya, Ghana, Rwanda, and Ethiopia.
- As of March 31, 2026, the company had 890 permanent employees.
Use of Proceeds
| 1) | Prepayment or re-payment, in full or in part,of certain outstanding borrowings availed by Company | 337.00 |
| 2) | Capital expenditure by Company for purchase of equipment and machinery, civil works and interior development of an existing manufacturing facility | 15.01 |
| 3) | General corporate purposes | |
| Total | 352.01 |
Objectives
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
Lumino Industries IPO Peer Comparison
Lumino Industries peer comparison with similar listed entities. (As on March 31, 2026)| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Our Company | - | 6.57 | 29.95 | - | 24.62 | - | Consolidated |
| Apar Industries | - | 242.81 | 1,341.55 | 68.98 | 19.76 | 12.49 | Consolidated |
| Bajel Projects | - | 1.74 | 64.61 | 108.66 | 0.98 | 2.95 | Consolidated |
| Kalpataru Projects International | - | 60.90 | 438.28 | 22.13 | 15.80 | 3.08 | Consolidated |
| KEC International | - | 22.75 | 219.80 | 19.81 | 11.10 | 2.05 | Consolidated |
| KEI Industries | - | 96.02 | 697.07 | 58.79 | 14.76 | 8.10 | Consolidated |
| Universal Cables | - | 47.01 | 544.62 | 35.51 | 8.91 | 3.07 | Consolidated |
| Techno Electric & Engineering Company | - | 40.74 | 357.43 | 25.97 | 12.00 | 2.96 | Consolidated |
Quick Info
| Sector | power and energy |
| Exchange | BSE, NSE |
| Market Cap (Pre-IPO) | ₹2,497.34 Cr |
Important Dates
| IPO Open | Aug 27, 2026 |
| IPO Close | Aug 31, 2026 |
| Allotment Date | Sep 01, 2026 |
| Credit to Demat | Sep 02, 2026 |
| Listing Date | Tentative: Sep 03, 2026 |
Lead Manager(s)
Motilal Oswal Investment Advisors Ltd.
Registrar
Bigshare Services Pvt.Ltd.
8657578989/8069219065/8069219060
Description
- IPO Type: Book build issue aggregating to ₹700.00 crores.
- Issue Structure: A combination of fresh issue of 6.10 crore shares aggregating to ₹500.00 crores and offer for sale of 2.44 crore shares aggregating to ₹200.00 crores.
- IPO Dates: The issue opened on August 27, 2026 and closes on August 31, 2026.
- Allotment Date: The allotment is expected to be finalized on September 1, 2026.
- Listing Details: The shares are proposed to be listed on both NSE and BSE on September 3, 2026.
- Retail Investment Requirement: Minimum 1 lot (182 shares) amounting to approximately ₹14,924 (at the upper price band).
- Issue Price Band: ₹78 to ₹82 per equity share.
- Lot Size: 182 shares per lot.
This IPO offers investors an opportunity to participate in the company through a combination of a fresh issue of shares and an offer for sale by existing shareholders.