Lumino Industries IPO

Lumino Industries Limited is open for subscription, offered in a price band of ₹78 to ₹82 per share, in lots of 182 shares. Every figure below is taken from the issue's own filings and exchange disclosures.

Issue details

Price band

₹78 – ₹82

Lot size

182 shares

Minimum investment

₹14,924

Issue size

₹700 Cr

Fresh issue

₹500 Cr

Offer for sale

₹200 Cr

Opens

27 Aug 2026

Closes

31 Aug 2026

Listing date

3 Sept 2026

Registrar

Bigshare Services Private Limited

Symbol

LUMINO

One lot of 182 shares at the upper band price of ₹82 is ₹14,924 — the smallest retail application this issue accepts.

Lead managers: Motilal Oswal Investment Advisors Limited.

Subscription status

How many times the issue has been applied for, by investor category, as reported by the exchange at 27 Aug 2026, 07:05 pm IST.

Grey market premium (GMP)

Latest reported GMP

₹50

Implied over upper band

61.00%

As of

27 Aug 2026, 09:05 pm IST

How the reported premium has moved. The trend matters more than any single reading — a premium that is drifting down into the close is a different signal from one holding firm.

Grey Market Premium is an unofficial, unregulated over-the-counter datapoint reported by third parties. It is not a price, a forecast, or an indication of listing gains, and is not investment advice.

Reported financials

As disclosed in the offer document. Figures in ₹ crore unless the filing states otherwise.

Strengths disclosed in the offer document

• The company is an integrated engineering, procurement, and construction (EPC) player with in-house manufacturing capabilities for conductors and power cables.
• The company has a strong focus on manufacturing and supplying conductors, power cables, and electrical wires, along with other specialized products and components.
• The company has a diversified product portfolio and a wide range of cables and conductors, including low voltage power cables, high voltage power cables, instrumentation cables, solar cables, railway signalling cable, flexible electrical wire, overhead aluminium conductors, and HTLS conductors.
• The company has a strategic approach to expanding its business scope and providing a platform to directly supply and implement its in-house manufactured conductors.
• The company has a strong market presence, diversified revenue streams, and increased profitability by ensuring consistent demand for its products and participating in the growing infrastructure and energy sectors.
• The company has received UL certification, which is a critical requirement for expanding its market reach in the U.S. and European markets.
• The company has a strong financial position and is well-placed to capitalize on the growing demand for power infrastructure and energy sectors.

Risk factors disclosed in the offer document

• The company's revenues are substantially dependent on orders from state-owned electricity boards (SEBs) and public sector power utilities.
• Revenue from the top 10 customers comprises a significant portion of the company's revenue, and adverse changes affecting their financial condition or loss of customers will have an adverse effect on the business.
• The sale of cables and conductors manufactured by the company contributes a significant portion to its revenue, and any adverse development in its manufacturing business could have an adverse effect on its business, cash flows, results of operation, and financial position.
• Any increases or fluctuations in prices of, or delay or disruption in supply of primary raw materials could affect the company's estimated costs, expenditures and timelines.
• The company's revenues from its EPC segment are dependent upon its ability to effectively secure contracts awarded through competitive bidding.
• The company has high working capital requirements, and delays in collection of receivables or inability to access suitable financing could adversely affect its business, prospects, financial condition, and results of operations.
• The company has had negative cash flow from operating activities in the past and may continue to have negative cash flows in the future, which could adversely affect its profitability if it is required to fund this through external borrowings.

These are the company's own disclosures, not Alphave's assessment. Read the offer document →

What this page will not tell you

Whether to apply

Alphave is NISM-certified, not a SEBI-registered research analyst. There is no rating, verdict or recommendation on this issue anywhere on this page.

What it will list at

Nobody knows, and GMP is not a forecast of it. It is an unofficial over-the-counter quote reported by third parties, shown here with its source time so you can judge how stale it is.

Your allotment

Allotment is decided by the registrar (Bigshare Services Private Limited) after the issue closes. Track the whole calendar in the IPO Centre.

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