Lumino Industries IPO- Complete Overview
Lumino Industries IPO is a Mainboard IPO with an issue size of Rs. 700 Cr by Lumino Industries Limited, which is a product-driven engineering, procurement, and construction (EPC) business that produces and supplies electrical wires, power cables, conductors, and specialized components for the power distribution and transmission sector in India.
Designing, producing, and distributing specialized products for power distribution, industrial, renewable energy, and communication applications is the company's product-driven business model. Through a network of about 104 wholesalers, the company's electrical wire business operates in four Indian states.
The company has three warehouses totaling about 110,000 square feet and two manufacturing facilities in Howrah, West Bengal, with a combined capacity of 40,000 MT of aluminum annually.
Business Divisions:
-
Manufacturing
-
EPC
Products:
-
Conductors made of aluminum
-
Cables for power
-
Wires for electricity.
This new IPO is to be launched on 27 Aug 2026, and its ‘initial public offering’ will end on 31 Aug 2026.
Lumino Industries IPO Details
This Mainline IPO comprises a combination of a fresh issue of 6.10 crore shares (Rs. 500 Cr) and an offer for sale of 2.44 crore shares (Rs. 200 Cr). The Lumino Industries IPO listing date (expected) might be Thursday, Sep 03, 2026, and the listing on the BSE and NSE.
The Lumino Industries IPO price band is Rs. 78 to Rs. 82.
IPO Timetable (Tentative)
The Lumino Industries IPO date is from 27 Aug to 31 Aug, with IPO allotment on Sep 01, refund initiation on Sep 02, and listing on Sep 03, 2026.
|
Events |
Date |
|
IPO Opening Date |
Aug 27, 2026 |
|
IPO Closing Date |
Aug 31, 2026 |
|
IPO Allotment Date |
Sep 01, 2026 |
|
Refund Initiation |
Sep 02, 2026 |
|
IPO Listing Date |
Sep 03, 2026 |
If you want to apply for the IPO, click to open a Demat Account.
Industry Overview & Outlook
Crisil Intelligence projects the wires and cables market to grow at a CAGR of 13-14% between FY26 and FY31, reaching Rs 2,980-3,120 billion by FY31.
Company Financial
(Amount in Cr)
|
Period |
31 Mar 2026 |
31 Mar 2025 |
31 Mar 2024 |
|
Assets |
2,174.88 |
1,718.66 |
1,175.44 |
|
Total Income |
2,089.31 |
1,946.68 |
1,424.63 |
|
Profit After Tax |
160 |
124.59 |
86.61 |
|
NET Worth |
729.58 |
570.29 |
445.86 |
|
Reserves and Surplus |
606.16 |
446.66 |
413.86 |
|
Total Borrowing |
384.16 |
418.83 |
40.91 |
Cash Flows
The cash flows for various activities are shown below:
(Amount in Mn)
|
Net Cash Flow In Multiple Activities |
31 Mar 2026 |
31 Mar 2025 |
31 Mar 2024 |
|
Net Cash Flow Operating Activities |
1,560.82 |
(2,385.93) |
1,009.07 |
|
Net Cash Flow Investing Activities |
(406.01) |
(127.74) |
(35.81) |
|
Net Cash Flow Financing Activities |
(1,017.18) |
3,114.77 |
(942.54) |
Revenue Bifurcation
(Source : RHP)
The Objective of the Issue
-
Prepayment or repayment, in full or in part, of certain outstanding borrowings availed by the Company. ~ Rs. 337 Cr.
-
Capital expenditure by Company for purchase of equipment and machinery, civil works and interior development of an existing manufacturing facility. ~ Rs. 15.01 Cr.
-
General Corporate Purposes.
Peers of Lumino Industries
|
Name of the Company |
Face Value (₹ per share) |
EPS Basic (₹) |
P/E (x) |
|
Apar Industries Limited |
10 |
242.81 |
68.98 |
|
Bajel Projects Limited |
2 |
1.74 |
108.66 |
|
Kalpataru Projects International Limited |
2 |
60.90 |
22.13 |
|
KEC International Limited |
2 |
22.75 |
19.81 |
|
KEI Industries Limited |
2 |
96.02 |
58.79 |
|
Universal Cables Limited |
10 |
47.01 |
35.51 |
Evaluation of P/E Ratio
Considering the period ended on FY 2026 with an EPS of Rs. 6.57 from the last year, the resulting P/E ratio is 12.48x.
The Lalithaa Jewellery Mart IPO application will be available from 17 August 2026.
Lumino Industries IPO Valuation
|
KPI |
Value (Mar 31, 2026) |
|
ROE |
24.62% |
|
ROCE |
25.75% |
|
Debt/Equity |
0.53 |
|
RoNW |
24.62% |
|
PAT Margin |
7.66% |
IPO's Strengths
-
Integrated Manufacturing Facilities
-
Strong Strategic Partnerships
-
Experienced Management & Skilled Workforce
IPO's Weaknesses
-
Price fluctuations, delays, or interruptions in the supply of steel, copper, aluminum, XLPE, and PVC compounds can raise costs and have an impact on project schedules and financial results.
-
Getting contracts through competitive bidding is essential to EPC's earnings. Results and cash flows may fluctuate due to fierce competition in the power transmission and distribution industry.
-
With substantial trade receivables and inventories, the company has a high working capital requirement. The business and financial performance may be negatively impacted by customer collection delays or the inability to secure appropriate funding.
Lumino Industries IPO GMP Today
Lumino Industries IPO GMP is Rs. 18.5 as of August 21, 2026, when this information was written. With the upper price band of Rs. 82, Lumino Industries IPO's estimated listing price is Rs. 100.5. The expected listing gain/loss per share is 22.56%.
IPO Other Details
|
IPO Opening & Closing Date |
27 Aug 2026 to 31 Aug 2026 |
|
Face Value |
Rs. 5 per Share |
|
Issue Price |
Rs. 78 to Rs. 82 |
|
Lot Size |
182 Shares |
|
Issue Size |
8,53,65,851 shares (Rs. 700 Cr) |
|
Offer for Sale |
2,43,90,242 shares (Rs. 200 Cr) |
|
Fresh Issue |
6,09,75,609 shares (Rs. 500 Cr) |
|
Listing At |
BSE, NSE |
|
Issue Type |
Book Built Issue IPO |
|
Registrar |
Bigshare Services Pvt. Ltd. |
IPO Grey Market Premium
The current IPO GMP is available at our live IPO GMP page, where you can get the GMP today for open Mainboard and SME IPOs.
Lumino Industries IPO Lot Size
The IPO allows retail investors to invest in a minimum and maximum of 1 Lot (182 Shares) amounting to Rs. 14,924 and 13 Lots (2366 Shares) for Rs. 1,94,012, respectively, while for HNI investors, the minimum Lot is 14 (2548 Shares) amounting to Rs. 2,08,936.
|
Minimum Lot Investment (Retail) |
1 Lot |
|
Maximum Lot Investment (Retail) |
13 Lots |
|
S-HNI (Minimum) |
14 Lots |
|
S-HNI (Maximum) |
67 Lots |
|
B-HNI (Minimum) |
68 Lots |
IPO Reservation
|
Institutional Share Portion |
50% |
|
Retail Investors' Share Portion |
35% |
|
Non-Institutional Shares Portion |
15% |
Promoters and Management of Lumino Industries Ltd.
-
Purushottam Dass Goel
-
Devendra Goel
-
Jay Goel.
|
Pre-Issue Promoter Shareholding |
100% |
|
Post-Issue Promoter Shareholding |
71.97% |
IPO Lead Managers
Motilal Oswal Investment Advisors Ltd.
Dividend Policy
The company has not paid a dividend during the last three FYs.
Conclusion
Lumino Industries IPO, a Mainboard issue of ₹175 Cr by the EPC firm specializing in telecom, sewerage, and gas pipeline infrastructure, opens from 25 to 28 August 2026 at a price band of ₹94–₹99. With strong financial growth, a robust order book, and proceeds aimed at capex and working capital, the IPO presents an opportunity for investors eyeing India’s utility infrastructure sector.
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Finowings IPO Analysis
Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO.
You must consult your financial advisor before making any financial decisions.
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To Read the Prospectus of the Company Click Here to Download the DRHP.
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DISCLAIMER: This blog is NOT any buy or sell recommendation. No investment or trading advice is given. The content is purely for educational and information purposes only. Always consult your eligible financial advisor for investment-related decisions.
