Lumino Industries IPO 2026: Price, GMP, Date & Review
Lumino Industries Limited, a Kolkata-based EPC (engineering, procurement and construction) and cable manufacturing company, opened its ₹700 crore mainboard IPO for public subscription on August 27, 2026. The issue closes on August 31, 2026. Here is everything investors need to know, based on verified data from stock exchange filings and market trackers as of August 27, 2026.
Lumino Industries IPO: Key Dates
- IPO Open Date: August 27, 2026
- IPO Close Date: August 31, 2026
- Basis of Allotment: September 1, 2026
- Refund Initiation: September 2, 2026
- Listing Date: September 3, 2026 (tentative, on BSE and NSE)
Price Band and Lot Size
- Price Band: ₹78 to ₹82 per share
- Face Value: ₹5 per share
- Lot Size: 182 shares per lot
- Minimum Retail Investment: ₹14,924 (at upper price band)
Issue Size and Structure
The IPO is a book-built issue worth ₹700 crore, split into:
- Fresh Issue: ₹500 crore (approx. 6.10 crore shares)
- Offer for Sale (OFS): ₹200 crore (approx. 2.44 crore shares)
Reservation: 50% for Qualified Institutional Buyers (QIBs), 35% for retail investors, and 15% for Non-Institutional Investors (NIIs).
Grey Market Premium (GMP) — Verified as of Aug 29, 2026
Note: GMP is an unofficial, informal indicator from the grey market — not published by BSE/NSE. It can change daily and is not a guarantee of listing performance. GMP has been trending upward since the issue opened:
| Date | GMP | Premium % | Est. Listing Price |
|---|---|---|---|
| 27 Aug 2026 | ₹44 | ~54% | ~₹126 |
| 28 Aug 2026 | ₹50-56 | ~61-68% | ~₹132-138 |
| 29 Aug 2026 | ₹55-61 | ~67-74% | ~₹137-143 |
Source-wise snapshot for Aug 29, 2026: IPO Watch reported a high of ₹60 (range ₹55-61); IPOGram quoted ₹55 (67.07% premium). On Aug 28, IPOJI recorded ₹50 (61% premium, 3:15 PM IST) and Sahi.com recorded ₹56 (68.29% premium), implying a listing price near ₹138.
Takeaway: GMP has climbed steadily from ₹44 on Aug 27 to a ₹55-61 range on Aug 29 — a premium of roughly 67-74% over the ₹82 upper price band. Figures vary slightly by tracker and change throughout the day, so always check a live source close to your investment time rather than relying on a screenshot or older figure.
Company Overview
Incorporated in 2005, Lumino Industries Limited is an integrated EPC and manufacturing company. It designs, manufactures and supplies:
- Conductors (including HTLS — High Temperature Low Sag conductors)
- Power cables
- Electrical wires (under the "Lumicon" brand)
- Specialised components for power transmission and distribution
The company operates through two segments: Manufacturing and EPC, serving India's power distribution and transmission sector.
Financials Snapshot (FY2026)
- Total Income: ₹2,089.31 crore
- Profit After Tax (PAT): ₹160 crore
- EPS: ₹5.25
- P/E Ratio: 15.62
- P/B Ratio: 2.74
- RoNW: 24.62%
- Market Cap (post-issue): approx. ₹2,497 crore
Objects of the Issue
- Repayment/prepayment of debt (₹337 crore)
- Capital expenditure for purchase of equipment and machinery, plus civil works at an existing manufacturing facility
- General corporate purposes
Lead Managers and Registrar
- Book Running Lead Managers: Motilal Oswal Investment Advisors, JM Financial, Monarch Networth Capital
- Registrar: Bigshare Services Pvt. Ltd.
Brokerage View / Subscribe or Avoid?
Multiple brokerages have issued a "Subscribe" recommendation, citing:
- Reasonable valuation compared to EPC and cable-sector peers on P/E and growth-adjusted metrics
- Highest Return on Net Worth (RoNW) among listed peers
- Debt-reduction focus of the fresh issue
- Strong integrated business model and improving profitability
Firms including Sushil Finance, SBI Securities, Ventura, and Adroit Financial Services have all recommended subscribing for the long term.
Disclaimer: Brokerage views belong to respective firms and are not investment advice. Please consult a SEBI-registered financial advisor and read the RHP before applying.
How to Apply
Apply through your broker's IPO section or an ASBA-enabled net-banking platform. Select Lumino Industries, choose the number of lots and bid price, and submit. UPI applicants must approve the payment mandate by 5:00 PM on the closing day (Aug 31, 2026).
Disclaimer: GMP and market data are subject to change; readers should check live sources before investing. This article is for informational purposes only and does not constitute investment advice.
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