Lumino Industries IPO: Price Band, Dates, Key Details
Lumino Industries is set to launch its ₹700 crore initial public offering (IPO) on August 27, 2026, with a price band of ₹78 to ₹82 per share. The mainboard IPO will remain open for subscription until August 31, while anchor investors can bid on August 25.
The offer includes a fresh issue of ₹500 crore and an offer for sale (OFS) of ₹200 crore. Investors can apply for a minimum lot of 182 shares, which translates to a minimum investment of ₹14,924 at the upper end of the price band.
Lumino Industries IPO details at a glance
| Particular | Details |
|---|---|
| IPO opening date | August 27, 2026 |
| IPO closing date | August 31, 2026 |
| Anchor investor date | August 25, 2026 |
| Price band | ₹78 to ₹82 per share |
| Total issue size | ₹700 crore |
| Fresh issue | ₹500 crore |
| Offer for sale | ₹200 crore |
| Face value | ₹5 per share |
| Lot size | 182 shares |
| Minimum retail investment | ₹14,924 at ₹82 per share |
| Issue type | Book-built mainboard IPO |
| Proposed listing | BSE and NSE |
| Tentative listing date | September 3, 2026 |
The tentative allotment is expected on September 1, followed by initiation of refunds on September 2 and listing on September 3.
What is the Lumino Industries IPO price band?
The Lumino Industries IPO price band is ₹78 to ₹82 per equity share, with each share carrying a face value of ₹5.
At the upper price of ₹82, a retail investor applying for the minimum lot of 182 shares will need ₹14,924.
For example:
- 1 lot: 182 shares, ₹14,924
- 2 lots: 364 shares, ₹29,848
- 5 lots: 910 shares, ₹74,620
- 10 lots: 1,820 shares, ₹1,49,240
Actual funds blocked will depend on the bid price and number of lots selected.
What is the Lumino Industries IPO issue size?
Lumino Industries plans to raise ₹700 crore through the public issue. The IPO has two components:
- Fresh issue: ₹500 crore
- Offer for sale: ₹200 crore
This distinction matters for investors. Money raised through the fresh issue goes to the company, after deducting issue-related expenses, while proceeds from the OFS go to the selling shareholders.
The ₹700 crore issue size is lower than the ₹1,000 crore offer originally contemplated in earlier IPO documents. The earlier structure included a fresh issue of up to ₹600 crore and an OFS of up to ₹400 crore.
How will Lumino Industries use the IPO proceeds?
A significant part of the fresh issue proceeds is expected to be used to reduce debt.
According to the latest available IPO details, around ₹337 crore is proposed to be used for prepayment or repayment of certain outstanding borrowings. Around ₹15.01 crore is earmarked for capital expenditure, including equipment, machinery, civil works and development at an existing manufacturing facility.
The remaining eligible proceeds can be used for general corporate purposes and issue-related requirements as specified in the offer documents.
Reducing borrowings could help lower finance costs over time, although investors should assess the company’s post-IPO debt position rather than looking only at the amount being repaid.
What does Lumino Industries do?
Lumino Industries operates in India’s power infrastructure sector. It is an integrated engineering, procurement and construction (EPC) player with manufacturing capabilities.
Its product portfolio includes conductors, power cables, electrical wires and other products used in power transmission and distribution. The company also undertakes EPC projects involving transmission and distribution lines, substations and related power infrastructure.
Its customers have included Power Grid Corporation of India, Tata Projects, NCC, Larsen & Toubro and electricity distribution companies, according to CRISIL Ratings.
The company’s exposure to both manufacturing and EPC gives it access to India’s broader power infrastructure investment cycle. At the same time, that makes demand conditions and execution in the power sector important factors for its future performance.
How has Lumino Industries performed financially?
Lumino Industries reported improving revenue and profitability in FY26.
CRISIL Ratings reported revenue of approximately ₹2,041.07 crore in FY26, compared with ₹1,917.97 crore in FY25. Profit after tax increased to around ₹159.98 crore, from ₹124.78 crore in the previous financial year.
| Financial metric | FY25 | FY26 |
| Revenue | ₹1,917.97 crore | ₹2,041.07 crore |
| Profit after tax | ₹124.78 crore | ₹159.98 crore |
| PAT margin | 6.51% | 7.84% |
| Adjusted debt/net worth | 0.73x | 0.53x |
Source: CRISIL Ratings’ adjusted financials.
Revenue grew by roughly 6%, while PAT increased by about 28% based on these figures. The improvement in profit was therefore faster than the company’s topline growth.
CRISIL also noted an order book of around ₹2,791 crore as of March 2026, providing some visibility into future execution.
How are shares reserved in the Lumino Industries IPO?
The IPO follows the standard book-building allocation structure applicable to the offer.
According to currently available issue details:
- Up to 50% of the net offer is available for qualified institutional buyers (QIBs).
- At least 15% is available for non-institutional investors (NIIs).
- At least 35% is available for retail individual investors.
The final number of shares available in each category will depend on the offer structure and applicable SEBI rules.
When will Lumino Industries shares list?
The Lumino Industries IPO is tentatively scheduled to list on BSE and NSE on September 3, 2026.
The expected timeline is:
- Anchor investor bidding: August 25
- IPO opens: August 27
- IPO closes: August 31
- Tentative allotment: September 1
- Refund initiation: September 2
- Tentative listing: September 3
IPO timelines can change, so investors should verify the final dates through the stock exchanges, registrar or official offer documents.
Who are the lead managers and registrar?
The book-running lead managers for the Lumino Industries IPO include JM Financial, Motilal Oswal Investment Advisors and Monarch Networth Capital.
Bigshare Services Private Limited is the registrar associated with the company. Lumino Industries’ investor centre lists Bigshare as its registrar and share transfer agent.
What should investors check before applying?
The price band and recent profit growth are only part of the IPO assessment. Investors should read the Red Herring Prospectus (RHP) and consider the business, valuation and risks before placing a bid. SEBI’s public-issue filings show an RHP and abridged prospectus for Lumino Industries dated August 21, 2026.
Some factors worth examining include:
- Revenue and profit growth sustainability
- Debt levels before and after the IPO
- Cash flow from operations
- Dependence on power transmission and distribution spending
- Raw material price volatility
- Customer concentration
- EPC project execution risks
- Order book quality and execution timeline
- Valuation compared with listed peers
- The split between fresh issue and OFS
Investors should also avoid treating grey market premium (GMP) as a substitute for fundamental analysis. GMP is an unofficial, unregulated indicator and can change sharply before listing.
FAQs about Lumino Industries IPO
Q. When does the Lumino Industries IPO open?
The Lumino Industries IPO opens for public subscription on August 27, 2026, and is scheduled to close on August 31. Anchor investor bidding is planned for August 25.
Q. What is the Lumino Industries IPO price band?
The IPO price band has been fixed at ₹78 to ₹82 per equity share.
Q. What is the Lumino Industries IPO lot size?
The minimum application lot is 182 shares. At the upper price band of ₹82, one lot costs ₹14,924.
Q. What is the total Lumino Industries IPO size?
The total issue size is ₹700 crore, consisting of a ₹500 crore fresh issue and a ₹200 crore offer for sale.
Q. What is the minimum investment in Lumino Industries IPO?
A retail investor bidding for one lot at the upper price band will need ₹14,924 for 182 shares.
Q. When is the Lumino Industries IPO listing date?
The shares are tentatively expected to list on September 3, 2026, on BSE and NSE.
Q. How can investors apply for the Lumino Industries IPO?
Eligible investors can generally apply through a supported broker using UPI or through their bank’s ASBA facility. The application amount remains blocked according to the applicable IPO process until allotment or release.
Key takeaways
- Lumino Industries IPO opens on August 27 and closes on August 31, 2026.
- The price band is ₹78 to ₹82 per share.
- The company plans to raise ₹700 crore, including a ₹500 crore fresh issue and ₹200 crore OFS.
- The minimum lot is 182 shares, requiring ₹14,924 at the upper price band.
- Around ₹337 crore of fresh issue proceeds is proposed for repayment or prepayment of borrowings.
- Lumino reported FY26 revenue of about ₹2,041 crore and PAT of around ₹160 crore based on CRISIL Ratings’ adjusted financials.
- The tentative BSE and NSE listing date is September 3, 2026.
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