Lumino Industries initial public offering (IPO) is set to open for subscription on August 27, 2026. According to the Red Herring Prospectus (RHP), the ₹700.00 crore book-built issue comprises a fresh issue of up to ₹500.00 crore and an offer for sale (OFS) of up to ₹200.00 crore by its existing shareholders.

The IPO will remain open until August 31, 2026, while the anchor investor portion will open for subscription on August 25, 2026. The basis of allotment is expected to be finalised on September 1, 2026, and the shares are tentatively scheduled to be listed on the BSE and NSE 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 Category-wise Investment Limits

The application size for each category is as follows -

Category	Investment Range
Qualified Institutional Buyers (QIBs)	Not more than 50% of the Net Issue
Non-Institutional Investors (NIIs)	Not less than 15% of the Net Issue
Retail Individual Investors (RII)	Not less than 35% of the Net Issue

The minimum investment amount for each category, based on the upper price band of ₹82 per share, is as follows -

Investor Category	Lots	Shares	Investment Amount (Approx.)
Retail (Minimum)	1	182	₹14,924
Retail (Maximum)	13	2,366	₹1,94,012
sNII (Minimum)	14	2,548	₹2,08,936
bNII (Minimum)	68	12,376	₹10,14,832

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 with a strong presence in India's power transmission and distribution sector. It manufactures conductors, power cables, electrical wires, and specialised electrical products while also executing EPC projects for power, railway, solar, and infrastructure applications.

The company operates through two business segments: Manufacturing and EPC, supplying products to leading EPC companies, power utilities, and international customers. Its integrated business model combines in-house manufacturing with project execution, improving cost efficiency and 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