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Lumino Industries IPO Allotment Set September 1, Listing September 3
Lumino Industries offered shares to the public through an IPO.
Many more people applied than the number of shares available.
The company is expected to decide who receives shares on September 1.
People can check their results on the Bigshare Services, BSE, or NSE websites.
Successful applicants may receive their shares on September 2.
The shares are expected to start trading on September 3.
The IPO price range was ₹78 to ₹82 per share.
A grey market price suggests a possible higher listing price, but that unofficial price can change.
Lumino Industries is expected to finalise allotment for its ₹700-crore IPO on September 1 after the issue was subscribed 124.02 times.
Investors bid for 745.63 crore shares, with QIBs subscribing 232.79 times and retail investors 40.27 times.
Refunds and share credits are expected on September 2, ahead of the planned BSE and NSE listing on September 3.
The reported grey market premium of about ₹48 implies an estimated ₹130 listing price, or a potential 58.54% gain at the upper price band.
Applicants can check allotment through Bigshare Services, BSE, or NSE using an application number, demat account, or PAN.
- Who
- Lumino Industries and investors who applied for its IPO; promoters Devendra Goel and Jay Goel are selling shareholders in the offer for sale.
- What
- The company is expected to finalise allotment for its ₹700-crore IPO after the issue was subscribed 124.02 times.
- Where
- Allotment can be checked through Bigshare Services, BSE, or NSE; Lumino Industries operates manufacturing facilities in Howrah, West Bengal.
- When
- The IPO was open from August 27 to August 31; allotment is expected on September 1, refunds and share credits on September 2, and listing on September 3.
- Why
- The allotment follows strong demand during the IPO subscription period.
Key facts
- Issue size
- ₹700 crore
- Price band
- ₹78–82 per share
- Overall subscription
- 124.02 times
- Shares bid
- 745.63 crore shares
- Reported grey market premium
- Around ₹48 per share
- Minimum retail investment
- ₹14,924 for a lot of 182 shares
- Use of fresh-issue proceeds
- ₹337 crore for repayment or prepayment of borrowings and ₹15.01 crore for capital expenditure
- Reported share-count discrepancy
- One report cites 6.01 crore shares available for subscription, while another lists a fresh issue of 6.10 crore shares plus a 2.44-crore-share offer for sale
Sources
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