Archive · 21 Aug 2026
Lumino Industries ₹700 Crore IPO Opens August 27
Lumino Industries is planning to sell shares to the public for the first time.
This sale is called an IPO.
The IPO will raise up to ₹700 crore, with bidding starting on August 27 and ending on August 31.
Each share will cost between ₹78 and ₹82.
Investors must buy at least 182 shares at a time.
Lumino plans to use much of the new money to repay loans and improve its factory.
The company makes power cables, conductors and other electrical products.
Its shares are expected to start trading on BSE and NSE on September 3.
Lumino Industries will open its ₹700 crore IPO on August 27, with bidding closing on August 31, 2026.
The price band is ₹78–82 per share, implying a valuation of about ₹2,500 crore at the upper end.
The issue includes a fresh issue of up to ₹500 crore and an Offer For Sale of up to ₹200 crore, plus a ₹10 crore employee reservation.
Investors must bid for at least 182 shares, while fresh proceeds will fund debt repayment, equipment, facility improvements and corporate purposes.
The company reported a ₹3,149.8 crore order book in March 2026 and plans to list on BSE and NSE on September 3.
- Who
- Lumino Industries Limited, an integrated engineering, procurement and construction company serving the power transmission and distribution sector.
- What
- The company is launching an IPO of up to ₹700 crore, consisting of a fresh issue, an Offer For Sale and an employee reservation.
- When
- Anchor bidding is scheduled for August 25, 2026; public bidding runs from August 27 to August 31, 2026, with proposed listing on September 3, 2026.
- Where
- The shares are proposed to be listed on BSE and NSE. Lumino has two manufacturing facilities and four warehouses in India and serves domestic and international clients.
- Why
- Fresh-issue proceeds will be used to repay loans, buy equipment and machinery, improve an existing manufacturing facility and support general corporate purposes.
- IPO size
- Up to ₹700 crore
- Price band
- ₹78–82 per share
- Issue structure
- Fresh issue of up to ₹500 crore and Offer For Sale of up to ₹200 crore
- Employee reservation
- Shares worth ₹10 crore
- Minimum bid
- 182 equity shares and multiples thereafter
- Order book
- ₹3,149.8 crore as of March 2026, compared with ₹2,436.2 crore in March 2025
- Fresh-issue debt repayment
- ₹337 crore, against outstanding borrowings of ₹1,856.7 crore
- Investor allocation
- Excluding the employee portion, 50% of the net issue is reserved for QIBs, 35% for retail investors and 15% for NIIs
