Lumino Industries IPO Day 2: Subscription Status, Timeline & Key Issue Details

Lumino Industries's ₹700.00 crore initial public offering (IPO) entered its second day of public subscription today, August 28, 2026, with a price band of ₹78 to ₹82 per share. As of 10:10 A.M on the second day of bidding, the issue had been subscribed 1.72 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:

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

Explore other Upcoming IPOs on BSE and NSE.

Lumino Industries IPO Day 2 Subscription Status

[August 28, 2026, 10:10 A.M.]

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 focused on India's power transmission and distribution sector. The company manufactures conductors, power cables, electrical wires, and other 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 power utilities, EPC contractors, and international customers. Its integrated business model combines in-house manufacturing with project execution to improve operational efficiency and supply chain reliability.

Key Financial Highlights 

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