Lumino Industries Ltd. IPO Details
Lumino Industries was incorporated on March 30, 2005. The company is a product-driven EPC player in India, focusing on manufacturing and supplying conductors, power cables, electrical wires, and HTLS conductors for the growing power distribution and transmission industry
| Bidding Dates |
|---|
| 27 Aug 2026 - 31 Aug 2026 |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹14,196 | 1 | 13 | 182 | 85.4 M | ₹78 - ₹82 | 71.97 % | ₹6658.5 M - ₹7000.0 M | RHP DOC |
Lumino Industries issue details
Lumino Industries has 85.4 M shares on offer
Lumino Industries IPO offer price is in the range ₹78 - ₹82
Lumino Industries IPO minimum Investment is ₹14196
Lumino Industries IPO issue size is ₹ 6658.5 M - ₹ 7000.0 M
Lumino Industries has a minimum lot size of 182 Shares per application
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
Lumino Industries IMPORTANT IPO DATES
| Issue Open Date | 27 Aug 2026 |
| Issue close Date | 31 Aug 2026 |
| Allotment Date | 01 Sep 2026 |
| Refund Date | 02 Sep 2026 |
| Demat Account Credit Date | 02 Sep 2026 |
| Listing Date | 03 Sep 2026 |
| Listing on Exchange(s) | NSE and BSE |
Lumino Industries IPO subscription opens on 27 Aug 2026, and closes on 31 Aug 2026
IPO allotment for Lumino Industries is expected to be finalized on Tuesday, 01 Sep 2026
IPO listing for Lumino Industries will be on NSE and BSE on Thursday, 03 Sep 2026
Lumino Industries NUMBER OF SHARES ON OFFER
Lumino Industries FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| FY26 | 2,041.1 | 160.0 | 156.1 | 104.5 | 11.71% |
| FY25 | 1,918.0 | 124.6 | -238.6 | -288.3 | 11.6% |
| FY24 | 1,407.3 | 86.6 | 100.9 | 80.4 | 10.3% |
Lumino Industries Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Lumino Industries Ltd. | 82 | 2497.3 | 15.6 | 0.5 | 1.2 | 21.9 | 7.4 | 2089.3 | 7.3 | 160 | 28.4 | 5.3 | 28.4 |
| Polycab India Ltd. | 9076.5 | 136761.6 | 47.7 | 1.6 | 4.4 | 22.2 | 13 | 29120 | 28.8 | 2672 | 32.3 | 190.1 | 29.2 |
| KEI Industries Ltd. | 5562 | 53173.1 | 53.3 | 1.6 | 4.3 | 13.8 | 10.2 | 11906.3 | 21.4 | 918.4 | 31.9 | 104.3 | 34.4 |
| R R Kabel Ltd. | 2817.7 | 31869.7 | 52.4 | 0.7 | 2.9 | 19.1 | 10.6 | 9778.8 | 27.5 | 492.2 | 58 | 53.7 | 80.3 |
| Finolex Cables Ltd. | 1288.1 | 19700.1 | 24.6 | 0.8 | 2.8 | 11.7 | 10.2 | 6486.6 | 17.6 | 713.7 | 1.8 | 52.3 | 29.2 |
| V-Marc India Ltd. | 380 | 5567.9 | 55.7 | 2.7 | 34.6 | 9.8 | 1800.5 | 98.7 | 100.1 | 177.2 | 6.8 |
Lumino Industries INFORMATION ON IPO ISSUE
About Lumino Industries
Lumino Industries was incorporated on March 30, 2005. The company is a product-driven EPC player in India, focusing on manufacturing and supplying conductors, power cables, electrical wires, and HTLS conductors for the growing power distribution and transmission industry
Object of the Issue
- Prepayment or re-payment, 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
Lumino Industries - PROMOTERS
| Name |
|---|
| Purushottam Dass Goel |
| Devendra Goel |
| Jay Goel |
Lumino Industries - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Purushottam Dass Goel | Chairperson & Non-Executive Director |
| Devendra Goel | Managing Director |
| Jay Goel | Whole-time Director |
| Hemant Sultania | Independent Director |
| Amitabh Mathur | Independent Director |
| Shalu Laxmanraj Bhandari | Independent Director |
Lumino Industries Book Running Lead Manager
Motilal Oswal Investment Advisors Limited
ipo.lumino@motilaloswal.com
JM Financial Limited
lumino.ipo@jmfl.com
Monarch Networth Capital Limited
ecm@mnclgroup.com
Lumino Industries Registrar to the Offer
Bigshare Services Private Limited
ipo@bigshareonline.com
Lumino Industries Strengths
Manufacturing capabilities
The company is the fastest-growing player in the conductors, power cables, and EPC industry in terms of revenue growth (CAGR 2022-2024), focusing on high-quality manufacturing and supplying products to India's power distribution and transmission sector
Integrated business segments
The integration of the Manufacturing and EPC segments through a product-driven strategy enables streamlined processes, cost reduction, and optimized resources, providing a strong competitive edge
Diversified order book
The order book reflects future revenues and growth, representing the value of unexecuted projects and showcasing the company's technical capabilities, management expertise, and internal systems
Lumino Industries Risks
Competition
Revenues from the EPC segment depend on securing contracts through competitive bidding, which may lead to fluctuations in operations and cash flows
Capital intensive
High working capital requirements mean that delays in receivables or lack of financing could negatively impact the company's business, financial condition, and operations
Licensing risks
The licensing arrangement for carbon fiber core technology is crucial for ACFR conductors, and unfavorable changes or termination could impact the company's operations and results
IPO FAQs
This IPO consists of an offer for sale of up to Rs 200.0 crore, of 24,390,243 shares. It also consists of a fresh issue of Rs 500.0 crore.
The promoters of the company are Purushottam Dass Goel, Devendra Goel and Jay Goel.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 78.0 - 82.0.
The IPO application opens on Aug 27, 2026 and closes on Aug 31, 2026.
The minimum lot size for the IPO is 182. The maximum lot size for the IPO is 2366.
For all category investors, the minimum application amount for this IPO is Rs. 14,196.0, the maximum value for this IPO is Rs 194,012.0.
This IPO will be allotted on Sep 01, 2026.
The refund will be credited to your account on Sep 02, 2026.
The allotted shares will be credited to your demat on Sep 02, 2026.
Lumino Industries Ltd.’s shares will list on the stock exchanges on Sep 03, 2026.