Lumino Industries's ₹700.00 crore initial public offering (IPO) opened for public subscription today, August 27, 2026, with a price band of ₹78 to ₹82 per share. As of 10:27 A.M on the first day of bidding, the issue had been subscribed 0.15 times.

The IPO will remain open for subscription until 31 August 2026. The basis of allotment is expected to be finalised on September 1, 2026, while the shares are tentatively scheduled to be listed on the NSE and BSE on September 3, 2026.

Lumino Industries IPO - Issue Details

Issue Type: Book Built Issue (Fresh Issue + OFS)
Total Issue Size: Up to ₹700.00 crore
Fresh Issue: Up to ₹500.00 crore
Offer for Sale (OFS): Up to ₹200.00 crore
Face Value: ₹5 per equity share
Price Band: ₹78 to ₹82 per share
Lot Size: 182 shares
Minimum Investment Amount (Retail Investor): ₹14,924 (182 shares at the upper price)
Listing: BSE, NSE
Book Running Lead Managers: JM Financial Limited, Motilal Oswal Investment Advisors Limited, Monarch Networth Capital Limited
Registrar: Bigshare Services Private Limited

Lumino Industries IPO Timeline (Tentative)

The expected IPO schedule is as follows:

Event	Date
Subscription Opening Date	27 August 2026
Subscription Closing Date	31 August 2026
Basis of Allotment Date	1 September 2026
Refund Initiation Date	2 September 2026
Credit of Shares	2 September 2026
Listing on BSE and NSE	3 September 2026

Note: The allotment and listing dates are tentative and may be revised.

Explore other Upcoming IPOs on BSE and NSE.

Lumino Industries IPO Day 1 Subscription Status

[August 27, 2026, 10:27 A.M.]

Category	Subscription (x)
Qualified Institutional Buyers (QIBs)	0.00x
Non-Institutional Investors (NIIs)	0.20x
Retail Individual Investors (RIIs)	0.22x
Total	0.15x

Utilisation of IPO Proceeds

The company intends to utilise the net proceeds from the fresh issue towards:

Prepayment or repayment, in full or in part, of certain outstanding borrowings availed by the company
Capital expenditure by the company for purchase of equipment and machinery, civil works and interior development of an existing manufacturing facility
General corporate purposes.

About Lumino Industries Limited

Incorporated in 2005, Lumino Industries Limited is an integrated engineering, procurement, and construction (EPC) company operating in India's power transmission and distribution sector. The company manufactures conductors, power cables, electrical wires, and specialised electrical products, while also executing EPC projects across the power, railway, solar, and infrastructure sectors.

Lumino operates through two business verticals—Manufacturing and EPC—serving leading EPC contractors, power utilities, and international customers. Its integrated model combines in-house manufacturing capabilities with project execution, enhancing operational efficiency and strengthening supply chain reliability.

Key Financial Highlights

Particulars	FY26 (in ₹ crore)	FY25 (in ₹ crore)	FY24 (in ₹ crore)
Revenue from operations	2,041.07	1,917.97	1,407.32
Operating EBITDA	238.95	222.94	145.09
Profit After Tax (PAT)	159.99	124.59	86.61