Archive · 25 Aug 2026
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.
Lumino Industries will launch its Rs 700 crore IPO for public bidding from August 27 to August 31.
The price band is Rs 72-Rs 82 per share, with a minimum retail lot of 182 shares costing Rs 14,924 at the upper band.
The issue includes Rs 500 crore in fresh shares and a Rs 200 crore offer for sale by promoters.
Lumino Industries plans to use Rs 337 crore of fresh proceeds to repay or prepay borrowings and about Rs 15 crore for capital expenditure.
Grey-market trading indicates a 59.76% premium, but the company is expected to list on the NSE and BSE on September 3, and grey-market gains are not guaranteed.
- Who
- Lumino Industries, its promoters, and investors participating in the IPO.
- What
- A Rs 700 crore initial public offering comprising fresh shares and an offer for sale.
- When
- Bidding is scheduled for August 27-31; allotment is expected on September 1, refunds and share credits on September 2, and listing on September 3.
- Where
- The shares are expected to list on the NSE and BSE.
- Why
- Lumino Industries plans to use most fresh proceeds to repay or prepay borrowings, with some funding for capital expenditure and corporate purposes.
- 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.