Lumino Industries IPO Details
Lumino Industries IPO Summary
Lumino Industries IPO opens for subscription on 27 Aug 2026 and closes on 31 Aug 2026.The IPO will be listed on NSE, BSE with the tentative listing date set for 03 Sep 2026.
Lumino Industries IPO price band has been fixed at ₹78 – ₹82 per share. The face value is ₹5 per share with a lot size of 182.
Lumino Industries IPO total issue size comprises 8,53,65,851 shares (aggregating up to ₹700.00 Cr). This includes a fresh issue of 6,09,75,609 shares (aggregating up to ₹500.00 Cr). Offer for Sale consists of 2,43,90,242 shares (aggregating up to ₹200.00 Cr). Pre-issue shareholding stands at 24,35,78,096, which will increase to 30,45,53,705 post-issue.
Lumino Industries IPO carries a ₹38 (46.34%) GMP, reflecting investor sentiment.
Lumino Industries IPO Lot Size :Retail Minimum is 1 lot (182 shares) amounting to ₹14,924. Retail Maximum is 13 lots (2,366 shares) amounting to ₹1,94,012. SHNI Minimum is 14 lots (2,548 shares) amounting to ₹2,08,936. SHNI Maximum is 67 lots (12,194 shares) amounting to ₹9,99,908. BHNI Minimum is 68 lots (12,376 shares) amounting to ₹10,14,832.
Lumino Industries IPO Details
Lumino Industries IPO Subscription
Lumino Industries IPO Application Wise Breakup (Approx)
Lumino Industries IPO Dates
- 27 Aug 2026Opening dateOpen
- 31 Aug 2026Closing dateClose
- 01 Sep 2026Allotment Date Allotment
- 02 Sep 2026Initiation of RefundsRefund
- 02 Sep 2026Credit of SharesCredit
- 03 Sep 2026Listing dateListing
Lumino Industries IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 182 | ₹14,924 |
| Retail Maximum | 13 | 2366 | ₹1,94,012 |
| SHNI Minimum | 14 | 2548 | ₹2,08,936 |
| SHNI Maximum | 67 | 12194 | ₹9,99,908 |
| BHNI Minimum | 68 | 12376 | ₹10,14,832 |
Lumino Industries IPO Reservation
Promoter Holding
Documents
Lumino Industries IPO Valuations
Lumino Industries Financial Information
| 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 |
| 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 ₹ Crore | |||
About Lumino Industries IPO
Incorporated in 2005, Lumino Industries Limited is a product-driven engineering, procurement, and construction(EPC) company manufacturing and supplying conductors, power cables, electrical wires, and specialised components for India's power distribution and transmission industry.
The company manufactures high-temperature, low-sag (HTLS) conductors for distribution and transmission lines and is the fastest-growing player in the conductors, power cables, and EPC industry.
The company has developed a product-driven business model focused on designing, manufacturing, and distributing specialised products for power distribution, industrial, renewable energy, and communication applications.
The company supplies products to international clients, including government-owned electricity companies in countries like the USA, Nepal, and Ghana. In Fiscal 2024, 62.38% of EPC project products were manufactured in-house.
The company's electrical wire business operates in four states in India through a network of approximately 104 distributors.
The company operates two manufacturing facilities in Howrah, West Bengal, with a combined capacity of 40,000 MT of aluminium per year, and three warehouses covering approximately 110,000 sq. ft.
Business Segments:
- Manufacturing: The company is the fastest-growing player in the conductors, power cables, and EPC industry (CAGR 2022-2024). Its products include aluminium conductors, power cables, and electrical wires under the 'Lumicon' brand.
- EPC: The company's EPC segment includes power distribution, EHV substations, HTLS re-conductoring, railway electrification, and solar projects. It serves clients in India and Rwanda, ensuring efficient project planning and execution.
Products:
- Aluminium Conductors: Aluminium conductors are vital for transmitting electrical energy efficiently over long distances to power substations via overhead lines. The company uses them in distribution networks, industrial applications, and power plants.
- Power Cables: Power cables are used for transmitting and distributing high-voltage electrical power in various industrial and commercial applications. The company manufactures low voltage, aerial bundled, railway signalling, and concentric cables.
- Electrical Wires: The company entered the wire business in 2023 under the 'Lumicon' brand, manufacturing thermoset insulated wire, earth wires, and house wires.
Strength Of Lumino Industries IPO
- A power EPC company with in-house manufacturing capabilities.
- Cost efficient business model with integrated business segments.
- Manufacturing facilities with diverse product offerings.
- Order book across various regions in India.
- Partnerships with global companies for advanced technology.
- Promoters and management team, with operational and workforce oversight.
Risk Of Lumino Industries IPO
- Our business and revenues are substantially dependent on orders received from state-owned electricity boards (SEBs) and public sector power utilities. 53.12%, 79.89% and 85.58% of our revenue from operations in the Fiscal 2026, 2025 and 2024, respectively, is from government entities and in the event any one or more such clients were to cease to issue tenders, our business could be adversely affected.
- Revenue from our top 10 customers comprise a significant portion of our Revenue from Operations (46.52% for the Fiscal 2026, 80.33% for the Fiscal 2025 and 90.78% for the Fiscal 2024). Any adverse changes affecting their financial condition or the loss of any of these customers will have an adverse effect on our business, results of operations, financial condition and cash flows.
- The sale of cables and conductors manufactured by our Company contributes a significant portion to our Revenue from Operations (more than 60% for Fiscals 2026, Fiscals 2025 and 2024). Any adverse development in our performance in the manufacturing business could have an adverse effect on our business, cash flows, results of operation and financial position
- Any increases or fluctuations in prices of, or delay or disruption in supply of primary raw materials could affect our estimated costs, expenditures and timelines which may have a material adverse effect on our business, financial condition, results of operations and cash flows
- Our revenues from our EPC segment are dependent upon our ability to effectively secure contracts awarded to us through the competitive bidding route. Consequently, our results of operations and cash flows may be adversely affected or fluctuate materially periodically
- We have high working capital requirement. If there are delays in the collection of receivables from our customers or we are unable to access suitable financing to meet working capital requirements, it could lead to material adverse effect on our business, prospects, financial condition and results of operations
- We have had negative cash flow from operating activities in the past and may continue to have negative cash flows in the future, which could have an adverse effect on our profitability if we are required to fund this through external borrowings
- Our continued operations at our manufacturing facilities are critical to our business and any disruption, breakdown or shutdown of our manufacturing facilities may have a material adverse effect on our business, financial condition, results of operations and cash flows.
- We will not receive any proceeds from the Offer for Sale portion and objects of the Fresh Issue for which the funds are being raised have not been appraised by any bank or financial institutions. Any variation in the utilization of our Net Proceeds as disclosed in this Red Herring Prospectus would be subject to certain compliance requirements, including prior shareholders' approval
- We rely on a limited number of parties for the supply of our raw material, loss of some of these suppliers may have an adverse effect on our business, results of operations and financial conditions.
Objectives Lumino Industries IPO
- Prepayment or re-payment, in full or in part, of certain outstanding borrowings availed by the Company
- Capital expenditure by the Company for purchase of equipment and machinery, civil works and interior development of an existing manufacturing facility
- General corporate purposes.
Company Contact Details
Lumino Industries Limited
Unit No – 12/4,
Merlin Acropolis
1858/1 Rajdanga Main Road,
Kolkata, West Bengal, 700107
Phone: +91 33 2441 2008
Email: investor.relation@luminoindustries.com
Website: http://www.luminoindustries.com/
Registrar Contact Details
Lumino Industries FAQs
The Lumino Industries IPO is a MAINBOARD public issue comprising 85365851 equity shares with a face value of ₹5 each, aggregating to a total issue size of ₹700.00 Cr. The issue price has been fixed at ₹82 per equity share, and the minimum application size is 182 shares.
The IPO opens for subscription on 27 Aug 2026, and closes on 31 Aug 2026.
Bigshare Services Pvt Ltd has been appointed as the registrar to the issue. The equity shares are proposed to be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
As of now, the current GMP stands at ₹38 (46.34%).
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