Lumino Industries IPO Details

Bookbuilding IPO | ₹700 Cr | Listing at BSE, NSE | Thu, Aug 27, 2026 - Mon, Aug 31, 2026

Lumino Industries IPO is a book build issue of ₹700.00 crores. The issue is a combination of fresh issue of 6.10 crore shares aggregating to ₹500.00 crores and offer for sale of 2.44 crore shares aggregating to ₹200.00 crores.

Lumino Industries IPO opens for subscription on Aug 27, 2026 and closes on Aug 31, 2026. The allotment for the Lumino Industries IPO is expected to be finalized on Sep 1, 2026. Lumino Industries IPO will list on NSE and BSE with a tentative listing date fixed as Sep 3, 2026.

Lumino Industries IPO is set issue price band at ₹78 to ₹82 per share. The lot size for an application is 182 shares. The minimum amount of investment required by an individual investor (retail) is ₹14,924 (182 shares) (based on upper price).

Motilal Oswal Investment Advisors Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue.

Refer to Lumino Industries IPO RHP for detailed Information.

IPO Open

Thu, Aug 27, 2026

IPO Close

Mon, Aug 31, 2026

Price Band

₹78 to ₹82

Market Cap (Pre-IPO)

₹2,497.34 Cr * on Upper Price

IPO Details

IPO Date

27 to 31 Aug, 2026
Listing Date

Thu, Sep 3, 2026
Face Value

₹5 per share
Price Band

₹78 to ₹82
Lot Size

182 Shares
Sale Type

Fresh capital cum OFS
Issue Type

Bookbuilding IPO
Listing At

BSE, NSE

Total Issue Size

8,53,65,851 shares (agg. up to ₹700 Cr)
Fresh Issue

6,09,75,609 shares (agg. up to ₹500 Cr)
Offer for Sale

2,43,90,242 shares of ₹5 (agg. up to ₹200 Cr)
Share Holding Pre Issue

24,35,78,096 shares
Share Holding Post Issue

30,45,53,705 shares

IPO Timetable (Tentative)

IPO Open

Thu, Aug 27, 2026
Allotment

Tue, Sep 1, 2026
Credit of Shares

Wed, Sep 2, 2026

IPO Close

Mon, Aug 31, 2026
Refund

Wed, Sep 2, 2026
Listing

Thu, Sep 3, 2026

Issue Reservation

Investor Category	Shares
QIB	Not more than 50% of the Net Offer
Retail	Not less than 35% of the Net Offer
NII	Not less than 15% of the Net Offer

IPO Lot Size

Investors can bid for a minimum of 182 shares and in multiples thereof.

Application	Lots	Shares	Amount
Retail (Min)	1	182	₹14,924
Retail (Max)	13	2,366	₹1,94,012
S-HNI (Min)	14	2,548	₹2,08,936
S-HNI (Max)	67	12,194	₹9,99,908
B-HNI (Min)	68	12,376	₹10,14,832

Investor Category Reservations

Category	Limit	Cut-off
RII	Up to ₹2 Lakhs	Yes
sNII	₹2 Lakhs – ₹10 Lakhs	No
bNII	Above ₹10 Lakhs	No
Employee (EMP)	Up to ₹5 Lakhs	Yes
Employee + RII/NII	Up to ₹5Lakhs (EMP) + RII/NII limits	Yes (EMP/RII)

About Lumino Industries Ltd.

Updated on Aug 21, 2026

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.

The Company operates through two key segments: Manufacturing and EPC. Its manufacturing business covers aluminium conductors, power cables and electrical wires, while its EPC business includes 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 also serves international customers, including government-owned electricity companies, public enterprises and electricity boards across countries such as the USA, Mali, Burkina Faso, Côte d’Ivoire, Nepal, Bangladesh, Kenya, Ghana, Rwanda and Ethiopia.

As of March 31, 2026, the Company had 890 permanent employees.

Company Financials (Restated Consolidated)

Lumino Industries Ltd.’s revenue increased by 7% and profit after tax (PAT) rose by 28% between the financial year ending with March 31, 2026 and March 31, 2025. (Amount in ₹ Crore)

Period Ended	31 Mar 2026	31 Mar 2025	31 Mar 2024
Assets	2,174.88	1,718.66	1,175.44
Total Income	2,089.31	1,946.68	1,424.63
Profit After Tax	160.00	124.59	86.61
EBITDA	238.95	222.94	145.09
NET Worth	729.58	570.29	445.86
Reserves and Surplus	606.16	446.66	413.86
Total Borrowing	384.16	418.83	40.91

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IPO Objects of the Issue

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:

# Issue Objects

Est Amt (₹ Cr.)
1 Prepayment or re-payment, in full or in part,of certain outstanding borrowings availed by Company

337.00
2 Capital expenditure by Company for purchase of equipment and machinery, civil works and interior development of an existing manufacturing facility

15.01
3 General Corporate Purposes
Total

352.01

Key Performance Indicator (KPI)

KPI	Mar 31, 2026	Mar 31, 2025
ROE	24.62%	24.52%
ROCE	25.75%	31.89%
Debt/Equity	0.53	0.73
RoNW	24.62%	24.52%
PAT Margin	7.66%	6.40%
EBITDA Margin	11.71%	11.62%
NAV	29.95	23.41
Price to Book Value	2.74	3.50

IPO Valuation

Valuation Metric	Pre IPO	Post IPO
EPS (₹)	6.57	5.25
P/E (x)	12.48	15.62
Market Cap at Offer Price	₹1,997Cr.	₹2,497.34 Cr

The value will be calculated using Equity Dilution = Share Holding Pre Issue – Share Holding Post Issue
The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2026 available in RHP.
The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2026 available in RHP.

Shareholding Structure

Category	Pre IPO	Post IPO
Promoter and Promoter Group	100%	71.97%
Public		28.03%
Total	100%	100%

Company Promoters: Purushottam Dass Goel, Devendra Goel and Jay Goel.

Offer For Sale – Selling Shareholders

Name	Category	Estimated Amount (₹ cr.)
Devendra Goel	Promoter	150.00
Jay Goel	Promoter	50.00
Total		200.00

*Estimated Amount (₹ cr.) shown until the actual number of shares offered in OFS is entered.

IPO Registrar

Bigshare Services Pvt.Ltd.

8657578989/8069219065/8069219060
ipo@bigshareonline.com
Visit Website

IPO Lead Manager(s)

Motilal Oswal Investment Advisors Ltd.
JM Financial Ltd.
Monarch Networth Capital Ltd.

Lead Manager Reports

Lead Manager Performance Summary
Lead Manager Performance Tracker

Contact Details

Lumino Industries Ltd. Address

Unit No – 12/4,

Merlin Acropolis

1858/1 Rajdanga Main Road,

Kolkata, West Bengal, 700107

+91 33 2441 2008
investor.relation@luminoindustries.com
Visit Website

IPO FAQs

What is the Lumino Industries IPO?

Lumino Industries IPO is a main-board IPO of 8,53,65,851 equity shares of the face value of ₹5 aggregating up to ₹700 Crores. The issue is priced at ₹78 to ₹82. The minimum order quantity is 182.

The IPO opens on Thu, Aug 27, 2026, and closes on Mon, Aug 31, 2026.

Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

How to apply in Lumino Industries IPO through Angel One?

Angel One customers can apply online in Lumino Industries IPO using UPI as a payment gateway. Angel One customers can apply in Lumino Industries IPO by login into Angel One Console (back office) and submitting an IPO application form.

Steps to apply in Lumino Industries IPO through Angel One

Visit the Angel One website and login to Console.
Go to Portfolio and click the IPOs link.
Go to the ‘Lumino Industries IPO’ row and click the ‘Bid’ button.
Enter your UPI ID, Quantity, and Price.
Submit IPO application form.
Visit the UPI App (net banking or BHIM) to approve the mandate.
Visit Angel One IPO Application Process Review for more detail.

When Lumino Industries IPO will open?

The Lumino Industries IPO opens on Thu, Aug 27, 2026 and closes on Mon, Aug 31, 2026.

What is the lot size of Lumino Industries IPO?

Lumino Industries IPO lot size is 182, and the minimum amount required for application is ₹14,924.

How to apply for Lumino Industries IPO?

You can apply in Lumino Industries IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don’t offer banking services. Read more detail about applying IPO online through Angel One, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.

When is Lumino Industries IPO allotment?

The finalization of Basis of Allotment for Lumino Industries IPO will be done on Tuesday, September 1, 2026, and the allotted shares will be credited to your demat account by Wed, Sep 2, 2026. Check the Lumino Industries IPO allotment status.

When is Lumino Industries IPO listing date ?

The Lumino Industries IPO listing date is not yet announced. The tentative date of listing is Thu, Sep 3, 2026.