Lumino Industries IPO: dates, price band, lot size and GMP
Lumino Industries IPO listed on 3 Sep at ₹110 (NSE, BSE). Issue dates 27 – 31 Aug 2026, price band ₹82, lot 182 shares. The shares now trade on the exchange; any pre-IPO price on this site is historical.
Listing: Lumino Industries listed on 3 Sep 2026 on NSE, BSE at ₹110, +₹28 (+34.1%) against the ₹82 upper band. Lumino Industries IPO listing date, price and gain · Recently listed IPOs
Updated 17 Oct 2026, 22:10 IST. Unofficial grey-market figures, dated.
BuyUnlistedShares tracks 208 IPOs on its calendar; the Lumino Industries IPO has a price band of ₹82, a lot of 182 shares and no grey-market premium reported yet as of 17 Oct 2026.
Key details
| Board | Mainboard |
|---|---|
| Issue dates | 27 – 31 Aug 2026 |
| Price band | ₹82 |
| Lot size | 182 shares |
| Issue size | ₹700.00 Cr |
| Fresh issue | ₹500 Cr |
| Offer for sale | ₹200 Cr |
| Subscription | 124.02x |
| Registrar | Bigshare Services Pvt.Ltd. |
| Lead managers | Motilal Oswal Investment Advisors Ltd., JM Financial Ltd., Monarch Networth Capital Ltd. |
| Status | Listed |
Timeline
- Issue opens: 27 Aug
- Issue closes: 31 Aug
- Allotment: 1 Sep
- Refunds: 2 Sep
- Demat credit: 2 Sep
- Listing: 3 Sep
Live subscription
| Category | Subscribed |
|---|---|
| QIB | 232.79x |
| NII | 185.21x |
| sNII | 151.82x |
| bNII | 201.9x |
| Retail | 40.27x |
| Total | 124.02x |
Last updated 31 Aug 2026, 6:54 PM IST.
Issue details
| Face value | ₹5 |
|---|---|
| Issue type | Book Build Issue |
| Listing at | NSE, BSE |
| Market cap at the upper band | ₹2,497.34 Cr |
| P/E (pre-issue) | 12.48x |
| P/E (post-issue) | 15.62x |
| Fresh issue (shares) | 6,09,75,609 |
| Offer for sale (shares) | 2,43,90,242 |
| Total shares offered | 8,53,65,851 |
| Promoter holding pre-issue | 100% |
| Promoter holding post-issue | 71.97% |
| Promoters | Purushottam Dass Goel, Devendra Goel, Jay Goel |
| Lead managers | Motilal Oswal Investment Advisors Ltd., JM Financial Ltd., Monarch Networth Capital Ltd. |
| Registrar phone | 8657578989/8069219065/8069219060 |
| Registrar email | ipo@bigshareonline.com |
| Company website | luminoindustries.com |
| Anchor bid date | 25 Aug 2026 |
| Anchor lock-in ends (50%) | 1 Oct 2026 |
| Anchor lock-in ends (remaining) | 30 Nov 2026 |
Lot sizes by investor category
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail (minimum) | 1 | 182 | ₹14,924 |
| Retail (maximum) | 14 | 2,548 | ₹2,08,936 |
| sNII (minimum) | 14 | 2,548 | ₹2,08,936 |
| bNII (minimum) | 68 | 12,376 | ₹10,14,832 |
Reservation
| Category | Share of issue | Shares offered | Basis |
|---|---|---|---|
| Anchor Investor | 29.6% | 2,52,43,901 | |
| QIB | 19.7% | 1,68,29,268 | Not more than 50% of the Net Offer |
| NII (HNI) | 14.8% | 1,26,21,951 | Not less than 15% of the Net Offer |
| sNII | 4.9% | 42,07,317 | |
| bNII | 9.9% | 84,14,634 | |
| Retail | 34.5% | 2,94,51,219 | Not less than 35% of the Net Offer |
| Employee | 1.4% | 12,19,512 |
Subscription by day
| Day | QIB | NII | sHNI | bHNI | Retail | Total |
|---|---|---|---|---|---|---|
| Day 1 · 27 Aug | 0.04x | 2.20x | 3.82x | 1.39x | 2.08x | 1.51x |
| Day 2 · 28 Aug | 0.06x | 8.18x | 12.70x | 5.91x | 6.87x | 5.14x |
| Day 3 · 31 Aug | 232.79x | 185.21x | 151.82x | 201.90x | 40.27x | 124.02x |
Key ratios as of 31 Mar 2025
| EPS (pre-issue) | ₹6.57 |
|---|---|
| EPS (post-issue) | ₹5.25 |
| P/E (pre-issue) | 12.48x |
| P/E (post-issue) | 15.62x |
| RoNW | 24.52% |
| RoCE | 31.89% |
| RoE | 24.52% |
| PAT margin | 6.4% |
| EBITDA margin | 11.62% |
| Price / book | 3.5x |
| NAV per share | ₹23.41 |
| Debt / equity | 0.73 |
| Market cap (upper band) | ₹2,497.34 Cr |
Financials (₹ Cr)
| Metric | FY26 | FY25 | FY24 | FY26 vs FY25 |
|---|---|---|---|---|
| Assets | 2,174.88 | 1,718.66 | 1,175.44 | +26.5% |
| Total Income | 2,089.31 | 1,946.68 | 1,424.63 | +7.3% |
| Profit After Tax | 160 | 124.59 | 86.61 | +28.4% |
| EBITDA | 238.95 | 222.94 | 145.09 | +7.2% |
| NET Worth | 729.58 | 570.29 | 445.86 | +27.9% |
| Reserves and Surplus | 606.16 | 446.66 | 413.86 | +35.7% |
| Total Borrowing | 384.16 | 418.83 | 40.91 | −8.3% |
About Lumino Industries
Lumino Industries Limited is an engineering-led manufacturing and EPC company serving India's power transmission and distribution sector. The company manufactures and supplies a wide range of products, including aluminium conductors, power cables, electrical wires, and other specialised components, while also undertaking infrastructure projects across the power and energy value chain. The company has built a product-centric business model focused on the design, production, and supply of solutions for power distribution, industrial applications, renewable energy projects, and communication infrastructure.
It is also among the fastest-growing companies in the conductors, power cables, and EPC segments, supported by its integrated manufacturing capabilities and execution expertise. Lumino manufactures advanced High-Temperature Low-Sag (HTLS) conductors used in power transmission and distribution networks and supplies products to both domestic and international customers. Its overseas clientele includes government-owned electricity utilities and power companies in countries such as the United States, Nepal, and Ghana. During Fiscal 2024, approximately 62.38% of the products used in its EPC projects were manufactured internally.
The company markets its electrical wire products under the “Lumicon” brand and operates through a distribution network spanning four Indian states, supported by approximately 122 distributors. Lumino operates two manufacturing facilities in Howrah, West Bengal, with a combined aluminium processing capacity of 40,000 metric tonnes (MT) per annum. The company also maintains three warehouses with a total storage area of approximately 110,000 square feet. Business Segments: Manufacturing: The manufacturing division produces aluminium conductors, power cables, and electrical wires, catering to utilities, industrial customers, infrastructure developers, and power transmission projects.
The company's electrical wire portfolio is marketed under the "Lumicon" brand. EPC Projects: The EPC segment undertakes projects across power distribution networks, extra-high-voltage (EHV) substations, HTLS re-conductoring, railway electrification, and solar power infrastructure. The company serves customers in India and overseas markets, including Rwanda, delivering end-to-end project execution services. Product Portfolio: Aluminium Conductors: Used for efficient transmission of electricity through overhead power lines, these conductors are deployed in transmission and distribution networks, power generation facilities, and industrial applications.
Power Cables: The company manufactures a range of power cables, including low-voltage cables, aerial bundled cables, railway signalling cables, and concentric cables, used across industrial, commercial, and utility applications. Electrical Wires: Introduced under the “Lumicon” brand in 2023, the wire portfolio includes house wires, earth wires, and thermoset insulated wires designed for residential, commercial, and industrial use.
Objects of the issue
- Prepayment or re-payment, in full or in part,of certain outstanding borrowings availed by Company — ₹337 Cr
- Capital expenditure by Company for purchase of equipment and machinery, civil works and interior development of an existing manufacturing facility — ₹15.01 Cr
- General corporate purposes — ₹110.58 Cr
- Issue Expenses — ₹52.28 Cr
Net proceeds: ₹514.87 Cr
Peer comparison
| Company | EPS (Diluted) | NAV (₹ per share) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|
| Our Company | 6.57 | 29.95 | — | 24.62% | — | Consolidated |
| Apar Industries | 242.81 | 1,341.55 | 68.98x | 19.76% | 12.49 | Consolidated |
| Bajel Projects | 1.74 | 64.61 | 108.66x | 0.98% | 2.95 | Consolidated |
| Kalpataru Projects International | 60.9 | 438.28 | 22.13x | 15.8% | 3.08 | Consolidated |
| KEC International | 22.75 | 219.8 | 19.81x | 11.1% | 2.05 | Consolidated |
| KEI Industries | 96.02 | 697.07 | 58.79x | 14.76% | 8.1 | Consolidated |
| Universal Cables | 47.01 | 544.62 | 35.51x | 8.91% | 3.07 | Consolidated |
| Techno Electric & Engineering Company | 40.74 | 357.43 | 25.97x | 12% | 2.96 | Consolidated |
Notes: All the financial information for listed industry peers mentioned above is on an audited consolidated basis and sourced from the audited financial statements of the relevant companies for Fiscal 2026, as available on the websites of the Stock Exchanges. Details for our Company have been sourced/ calculated from the Restated Consolidated Financial Information. Diluted EPS refers to the Diluted EPS sourced from the publicly available financial results of the listed industry peers for Fiscal 2026.
Offer documents: DRHP (PDF) · RHP (PDF)
Track this issue
- Lumino Industries IPO listing day: listed at ₹110 (+34.1% vs the upper band), 3 Sep 2026
- Lumino Industries IPO GMP today and trend
- Lumino Industries IPO subscription status, day by day
- Lumino Industries IPO allotment status and how to check
Frequently asked questions
When does the Lumino Industries IPO open and close?
The issue is scheduled for 27 – 31 Aug 2026.
What is the Lumino Industries IPO price band?
The price band is ₹82 per share with a lot size of 182 shares.
How big is the Lumino Industries IPO?
The total issue size is ₹700.00 Cr, of which ₹500 Cr is a fresh issue and ₹200 Cr an offer for sale.
When will Lumino Industries list?
The tentative listing date is 3 Sep on the main board.
How do I apply for the Lumino Industries IPO?
Apply through your broker or bank using ASBA or UPI within the issue window; the amount stays blocked in your account until allotment. BuyUnlistedShares does not take applications; it tracks the issue and the unlisted price before it.
Sources
- Draft red herring prospectus (DRHP), Lumino Industries · as filed with SEBI · sebi.gov.in
- Red herring prospectus (RHP), Lumino Industries · as filed · sebi.gov.in
- Registrar allotment page, Bigshare Services Pvt.Ltd. · allotment 1 Sep · ipo.bigshareonline.com
- NSE public issues page · listing 3 Sep · nseindia.com
- BSE public issues page · listing 3 Sep · bseindia.com
- Lumino Industries company website · luminoindustries.com
- BuyUnlistedShares IPO record: GMP, subscription and allotment, dated daily · GMP as of 3 Sep, 04:03 · buyunlistedshares.com
How to cite this page: BuyUnlistedShares, “Lumino Industries IPO”, https://buyunlistedshares.com/ipo/lumino-industries-ipo, as of 17 Oct 2026.
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Indicative reference price, dated. BuyUnlistedShares is India's premium unlisted shares desk, run by Gayatri Financial Synergy LLP. In the market since 2002. Data as of 17 Oct 2026.
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