1 week ago

Lumino Industries IPO Opens August 27: Key Details for Bidders

Lumino Industries is asking the public to buy shares in its company.

Its IPO will be open from August 27 to August 31.

Each share will cost between Rs 72 and Rs 82.

A small investor must buy at least 182 shares in one lot.

The company wants to raise Rs 700 crore in total.

Most of the new money will be used to pay back loans.

The grey market suggests the shares could list higher, but this is not certain.

The shares are expected to begin trading on the NSE and BSE on September 3.

Key facts

Issue size: Rs 700 crore, including Rs 500 crore fresh equity and Rs 200 crore through an offer for sale.
Price band: Rs 72 to Rs 82 per share.
Retail lot: 182 shares; Rs 14,924 at the upper end of the price band.
Debt repayment: Rs 337 crore of fresh proceeds will go toward prepayment and repayment of borrowings.
Capital expenditure: About Rs 15 crore is earmarked for equipment, machinery, civil works, and related requirements.
Grey-market premium: 59.76%, implying an estimated Rs 131 listing price at the upper band; grey-market estimates can fluctuate and do not guarantee gains.
Expected listing: September 3 on the NSE and BSE.

financialexpress.com · 1 week ago