Lumino Industries Limited
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The public market debut of Lumino Industries Limited's was completed on Sep 03, 2026 with its listing on the NSE, BSE exchange. The IPO process raised 8,53,65,851 Shares in total capital, consisting of 6,09,75,609 Shares in new equity and ₹200.00 Cr in existing share sales through the OFS route.
The offering featured a price range of ₹78 to ₹82 and minimum application size of 182 shares. Investor response during the subscription period from Aug 27, 2026 to Aug 31, 2026 influenced the final allotment ratios across investor categories.
Final allotment was announced on Sep 01, 2026, distributing shares to successful subscribers. The listing established a continuous market for the company's shares, enabling liquidity, valuation transparency, and broader investor participation.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Founded in 2005, Lumino Industries Limited is an engineering, procurement, and construction (EPC) company that manufactures and supplies products like conductors, power cables, electrical wires, and other components used in power distribution and transmission. The company focuses on high-performance products such as high-temperature low-sag (HTLS) conductors and serves sectors like power, industrial, renewable energy, and communication. It follows a product-driven model, handling design, manufacturing, and supply, with a large portion of its EPC project requirements produced in-house. Lumino also supplies to international clients, including government electricity companies in countries like the USA, Nepal, and Ghana, and operates its wire business through a network of distributors across multiple states in India. It has two manufacturing units in Howrah, West Bengal, along with warehouse facilities to support operations. The company operates in two main segments: manufacturing, where it produces aluminium conductors, power cables, and wires under the “Lumicon” brand, and EPC, where it executes projects such as power distribution, substations, railway electrification, and solar projects both in India and abroad.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Integrated Manufacturing Facilities: The company operates well-developed manufacturing facilities with a diverse product range, enabling efficient production of specialized, high-quality products for its EPC projects.
- Strong Strategic Partnerships: Strategic partnerships with leading international companies help combine advanced technologies with the company's engineering, project management, construction capabilities, and market expertise.
- Experienced Management & Skilled Workforce: The company is supported by experienced promoters and a skilled management team with over three decades of collective experience in the power infrastructure industry, along with strong customer relationships and industry knowledge.
- Raw Material Price & Supply Risk: Fluctuations in prices or disruptions in the supply of aluminium, steel, copper, XLPE, and PVC compounds could increase costs, delay projects, and impact financial performance.
- EPC Contract Acquisition Risk: EPC revenue depends on winning contracts through competitive bidding. Intense competition in the power transmission and distribution sector could affect order inflows, revenue, and cash flows.
- High Working Capital Requirement: The business requires significant working capital due to high trade receivables and inventory levels. Delays in customer payments or difficulty securing financing could affect liquidity and financial performance.
- Purushottam Dass Goel
- Devendra Goel
- Jay Goel
Lumino Industries Limited
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