Lumino Industries Ltd IPO

Lumino Industries Ltd IPO

We are a product-driven integrated engineering, procurement and construction (EPC) player in India, with strong focus on manufacturing (Manufacturing) and supplying conductors, power cables and electrical wires and other specialised products and components to the growing power transmission and distribution industry in India. We also manufacture high-temperature low-sag (HTLS) conductors used in distribution and transmission lines in India. We achieved an Operating EBITDA Margin of 11.71% in Fiscal 2026. By leveraging our experience of more than three decades in the power transmission and distribution industry, we have developed a productdriven business model focussed on designing, engineering, manufacturing and distributing specialised products used in a wide range of power transmission and distribution, industrial applications, electrical wiring, renewable energy projects, communication systems, electrical panels and railway networks applications.

Lumino Industries Ltd IPO Details

Total Shares Offered

₹ 8,53,65,853

Offer to Public

2,43,90,244

Retail Max (Shares)

₹ 2,94,51,220

Pre Issue Promoters Holding

₹ 24,35,78,096

Exchange

BSE

Issue size

₹ 700 Cr

IPO Open Date

Aug 27, 2026

Close Date

Aug 31, 2026

Lot Size

182

Min Investment

₹ 14,196

Issue Type

Book Building

Listing Date

Sep 3, 2026

Lumino Industries Ltd IPO Dates

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Aug 27, 2026
Opening date
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Aug 31, 2026
Closing date
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Sep 1, 2026
Basis of Allotment
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Sep 1, 2026
Initiation of Refunds
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Sep 2, 2026
Credit of Shares
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Sep 3, 2026
Listing date

Details

SectorType
SectorEngineering - Turnkey Services
Sub SectorNA
Issue TypeBook Building

Subscription Status

*Values are in Lakhs

Investor Type

QIB

NII

Retail

Employee

Total

Lumino Industries Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)
Particulars (in Rs. Crores)FY23FY22FY21
Revenue from operations1,917.971,407.32604.01
EBITDA201.95136.5057.38
PAT125.1386.7539.35
Total Assets1,557.30997.45568.06
Share Capital121.7930.4518.27
Total Borrowings582.42393.88227.18
Operating Activities (Net Cash)141.4596.9645.18
Investing Activities (Net Cash)25.3082.4319.87
Financing Activities (Net Cash)582.42393.88227.18
Net Cashflow227.19132.4640.73

About Lumino Industries Ltd

Our Company was incorporated as Lumino Industries Limited at Kolkata, West Bengal as a public limited company under the Companies Act, 1956, pursuant to a certificate of incorporation dated March 30, 2005 issued by the Registrar of Companies (RoC). We received our certificate of commencement of business, issued by the RoC, on March 31, 2005. Historically, a partnership firm by the name `Lumino Industries' was formed with effect from September 1, 1989 at Calcutta, West Bengal to commence the business of manufacturing cables, conductors and other electrical goods, pursuant to a partnership deed dated September 1, 1989 entered into between Deepak Goel and Shanti Devi Goel. Subsequently, pursuant to the indenture for transfer dated March 31, 2005, entered into between our Company, Shanti Devi Goel and Deepak Goel, our Company took over the business operated by the partnership firm, Lumino Industries, as a going concern, in accordance with the sub-clause III(A) of the MoA of our Company.

We are a product-driven integrated engineering, procurement and construction (EPC) player in India, with strong focus on manufacturing (Manufacturing) and supplying conductors, power cables and electrical wires and other specialised products and components to the growing power transmission and distribution industry in India. We also manufacture high-temperature low-sag (HTLS) conductors used in distribution and transmission lines in India. We achieved an Operating EBITDA Margin of 11.71% in Fiscal 2026. By leveraging our experience of more than three decades in the power transmission and distribution industry, we have developed a productdriven business model focussed on designing, engineering, manufacturing and distributing specialised products used in a wide range of power transmission and distribution, industrial applications, electrical wiring, renewable energy projects, communication systems, electrical panels and railway networks applications.

Peer Comparison:

  • Apar Industries Ltd
  • Bajel Projects Ltd
  • Kalpataru Projects International Ltd
  • KEC International Ltd
  • KEI Industries Ltd
  • Universal Cables Ltd
  • Techno Electric & Engg. Company Ltd.

Lumino Industries Ltd Key Points

Strengths

A power EPC company with in-house manufacturing capabilities.

Cost efficient business model with integrated business segments.

Manufacturing facilities with diverse product offerings.

Order book across various regions in India.

Partnerships with global companies for advanced technology.

Risk

Our business and revenues are substantially dependent on orders received from state-owned electricity boards (SEBs) and public sector power utilities. 53.12%, 79.89% and 85.58% of our revenue from operations in the Fiscal 2026, 2025 and 2024, respectively, is from government entities and in the event any one or more such clients were to cease to issue tenders, our business could be adversely affected.

Revenue from our top 10 customers comprise a significant portion of our Revenue from Operations (46.52% for the Fiscal 2026, 80.33% for the Fiscal 2025 and 90.78% for the Fiscal 2024). Any adverse changes affecting their financial condition or the loss of any of these customers will have an adverse effect on our business, results of operations, financial condition and cash flows.

The sale of cables and conductors manufactured by our Company contributes a significant portion to our Revenue from Operations (more than 60% for Fiscals 2026, Fiscals 2025 and 2024). Any adverse development in our performance in the manufacturing business could have an adverse effect on our business, cash flows, results of operation and financial position

Strategy

Leveraging market opportunities and core competencies for growth in EPC of power transmission and distribution sector.

Expand our manufacturing capabilities and product development.

Expansion and diversification into allied EPC sectors by leveraging existing project execution capabilities.

Focus on increasing global presence and entering new markets.

How To Apply for Lumino Industries Ltd IPO Online?

Step 1:

Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.

Step 2:

From the list of open IPOs, select the IPO you want to invest.

Step 3:

Go through the IPO details like lot size, price band, about the company, etc.

Step 4:

Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.

Step 5:

Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.

FAQs on IPO (Initial Public Offering)

What is the issue size of the Lumino Industries Ltd IPO?

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Lumino Industries Ltd's IPO offers shares for up to 500 It begins on Aug 27, 2026 and ends on Aug 31, 2026.

What is the price of the Lumino Industries Ltd IPO?

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The price of Lumino Industries Ltd IPO ranges between ₹78 to ₹82 per share.

What are the open and close dates for the Lumino Industries Ltd IPO?

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The Lumino Industries Ltd IPO opens on Aug 27, 2026 and closes on Aug 31, 2026.

When will the Lumino Industries Ltd IPO be allotted?

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The allotment for the Lumino Industries Ltd IPO will be finalised on Sep 1, 2026. The shares will be listed on BSE and NSE on Sep 3, 2026.

What is the minimum lot size required for Lumino Industries Ltd IPO?

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The minimum lot size for Lumino Industries Ltd IPO is 182 shares, priced between ₹78 to ₹82 per share.

What is the GMP of Lumino Industries Ltd IPO?

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The GMP (Grey Market Premium) of Lumino Industries Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of Lumino Industries Ltd IPO?

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To check the allotment status of Lumino Industries Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the Lumino Industries Ltd IPO getting listed?

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The Lumino Industries Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Aug 27, 2026, and closes on Aug 31, 2026. The allotment is finalised on Sep 1, 2026.

How do you apply for the Lumino Industries Ltd IPO?

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To apply for the Lumino Industries Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.

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