Lumino Industries IPO
Price Band
₹78 – ₹82
Issue Size
₹700 Cr
Issue Dates
27 Aug – 31 Aug 2026
Listing Date
3 Sept 2026
About Lumino Industries Ltd.
Incorporated in 2005, Lumino Industries Ltd. is an integrated engineering, procurement and construction (EPC) company in India, with a focus on manufacturing and supplying conductors, power cables, electrical wires and specialised products for the power transmission and distribution industry. The Company also manufactures high-temperature low-sag (HTLS) conductors used in transmission and distribution lines. It operates through two key segments: Manufacturing (aluminium conductors, power cables and electrical wires) and EPC (power transmission and distribution, EHV substations, HTLS re-conductoring, railway electrification, solar power projects and water management projects). Lumino Industries supplies its products to major EPC players in India and serves international customers, including government-owned electricity companies, public enterprises and electricity boards across the USA, Mali, Burkina Faso, Côte d'Ivoire, Nepal, Bangladesh, Kenya, Ghana, Rwanda and Ethiopia.
IPO Details
| Price Band | ₹78 – ₹82 |
| Face Value | ₹5 |
| Issue Size | ₹700 Cr |
| Fresh Issue | ₹500 Cr |
| Offer for Sale | ₹200 Cr |
| Total Shares Offered | 8,53,65,851 |
| Listed On | Both |
Objects of the Issue
The Company proposes to utilise the Net Proceeds (from the fresh issue) towards: (1) Prepayment or repayment, in full or in part, of certain outstanding borrowings availed by the Company - ₹337.00 Cr; (2) Capital expenditure for purchase of equipment and machinery, civil works and interior development of an existing manufacturing facility - ₹15.01 Cr; (3) General corporate purposes. Total estimated amount: ₹352.01 Cr. Offer for Sale selling shareholders: Devendra Goel (Promoter) - ₹150.00 Cr; Jay Goel (Promoter) - ₹50.00 Cr; Total OFS - ₹200.00 Cr.
Key Financial Metrics
EPS (Basic)
₹6.57
P/E Ratio
12.48x
ROE
24.62%
ROCE
25.75%
Debt / Equity
0.53
Financial Performance
| Particulars (₹ Cr) | 31 Mar 2024 | 31 Mar 2025 | 31 Mar 2026 (Consolidated) |
|---|---|---|---|
| Revenue | — | — | — |
| EBITDA | 145.09 | 222.94 | 238.95 |
| PAT | 86.61 | 124.59 | 160 |
| Total Assets | 1,175.44 | 1,718.66 | 2,174.88 |
| Net Worth | 445.86 | 570.29 | 729.58 |
| Total Borrowings | 40.91 | 418.83 | 384.16 |
Valuation
Market Capitalisation
P/E Ratio
Promoter Holding
Public Holding
Lot Size & Allocation
Investment by Category
| Category | Lot Size | Min Investment | Max Investment |
|---|---|---|---|
| retail_min | 182 shares | ₹14,924 | — |
| retail_max | 182 shares | — | ₹1,94,012 |
| shni_min | 14 × 182 | ₹2,08,936 | — |
| shni_max | 182 shares | — | ₹9,99,908 |
| bhni_min | 68 × 182 | ₹10,14,832 | — |
Reservation / Allocation
| Category | Allocation | Cut-off |
|---|---|---|
| QIB | 50% | No |
| Retail | 35% | Yes |
| NII | 15% | No |
Registrar & Lead Managers
Frequently Asked Questions
5 questions about Lumino Industries IPO IPO
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