Lumino Industries IPO GMP today is Rs 40. Investors can use this GMP along with price band and subscription status for a better IPO review.
Listed
Mainboard IPO
LUMINO
Lumino Industries IPO GMP, Subscription & Allotment Status Today
Lumino Industries makes and sells everyday consumer goods and specialized industrial parts. The company operates through two main areas: a lighting and electronics division that produces items like LED bulbs, and an industrial division that supplies parts to other businesses. By manufacturing everything in-house at its own factories, Lumino is able to design and control its products, which it sells nationwide through a large network of shops and dealers.
- Price Band
- ₹78.00 - ₹82.00
- Lot Size
- 182 Shares
- Bidding Closes
- 31 Aug 2026
- Listing Date
- 03 Sept 2026
Current GMP Status
₹40
+48.78% vs upper band
Est. Listing Gain
+32.93%
Last Trend
01 Sept 2026
Listing Price
₹109.00
Retail Entry
₹14,924
IPO Details
Complete IPO information
| Current GMP | ₹40 |
|---|---|
| Estimated Listing Gain | +32.93% |
| Price Band | ₹78.00 - ₹82.00 |
| Issue Price | Approx ₹82.00 Crores |
| Listing Price | ₹109.00 |
| Lot Size | 182 Shares |
| Issue Type | Mainboard |
| Registrar | TBA |
| Exchange | BSE, NSE |
| Retail Quota | TBA |
| Overall Subscription | 117.69x |
| Listing Date | 03 Sept 2026 |
| Minimum Investment | ₹14,924 |
Demand Tracker
Subscription Status
| Category | Shares Reserved | Shares Applied | Subscription (x) |
|---|---|---|---|
| QIB | 176.92 | 39176.12 | 221.43x |
| NII | 132.69 | 23353.18 | 175.99x |
| Retail | 309.62 | 11710.27 | 37.82x |
| Overall Subscription | 632.05 | 74388.86 | 117.69x |
Head-to-head
Compare Lumino Industries IPO with similar IPOs
Analysis
IPO Snapshot & Investor Takeaways
At the upper end of its price band, Lumino Industries is priced at ₹82 per share. With a minimum lot size of 182 shares, a retail investor applying for one lot would need approximately ₹14,924 to participate in this Mainboard issue.
The latest recorded Grey Market Premium for Lumino Industries stands at ₹40, implying an estimated listing gain of around 48.78% over the issue price if it holds until listing. This is down ₹11 from its previously recorded level. GMP reflects informal grey-market sentiment rather than a guaranteed outcome, and can change at any point until the day of listing.
As of the latest update, Lumino Industries's IPO was subscribed 117.69x overall, with a category-wise breakdown of Retail 37.82x, QIB 221.43x, NII 175.99x.
Mainboard IPOs list on the main platform of BSE/NSE, typically involve larger issue sizes, and draw participation across retail, HNI and institutional (QIB) investor categories.
Timeline
IPO roadmap at a glance
✓
Bidding Opens
27 Aug 2026
✓
Bidding Closes
31 Aug 2026
✓
Allotment
01 Sept 2026
✓
Listing
03 Sept 2026
Grey Market Premium
Daily GMP status
| Date | GMP | Change | Gain |
|---|---|---|---|
| 01 Sept 2026 | ₹50.00 | -₹11.00 | 60.98% |
| 31 Aug 2026 | ₹61.00 | +₹11.00 | 74.39% |
| 28 Aug 2026 | ₹50.00 | -₹5.00 | 60.98% |
| 27 Aug 2026 | ₹55.00 | +₹9.00 | 67.07% |
| 26 Aug 2026 | ₹46.00 | -₹4.00 | 56.10% |
| 25 Aug 2026 | ₹50.00 | - | 60.98% |
| 24 Aug 2026 | ₹50.00 | - | 60.98% |
Swipe to see more →
Market Lot
Application size breakdown
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 Lot | 182 | ₹14,924 |
| Retail Maximum | 13 Lot | 2,366 | ₹1,94,012 |
| S-HNI Minimum | 14 Lot | 2,548 | ₹2,08,936 |
| S-HNI Maximum | 67 Lot | 12,194 | ₹9,99,908 |
| B-HNI Minimum | 68 Lot | 12,376 | ₹10,14,832 |
Swipe to see more →
Fund Utilization
Objects of the Issue & Official Documents
Analysis
Lumino Industries IPO Details
The Lumino Industries IPO is a mainboard book-built issue of approximately ₹700 crores. The public offer comprises a fresh issue of ₹500 crores and an Offer for Sale (OFS) of approximately ₹200 crores by existing promoter shareholders.
The IPO will open for subscription on August 27, 2026 and close on August 31, 2026. The company has fixed the price band at ₹78 to ₹82 per equity share, with a face value of ₹5 per share. The equity shares are proposed to be listed on both BSE and NSE.
Lumino Industries Limited is an integrated engineering, procurement and construction (EPC) and manufacturing company focused on the power transmission and distribution sector. Its products include conductors, power cables, electrical wires and high-temperature low-sag conductors.
| Particular | Details |
|---|---|
| IPO Open Date | August 27, 2026 |
| IPO Close Date | August 31, 2026 |
| Face Value | ₹5 Per Equity Share |
| IPO Price Band | ₹78 to ₹82 Per Share |
| Issue Size | Approx ₹700 Crores |
| Fresh Issue | Approx ₹500 Crores |
| Offer for Sale | Approx ₹200 Crores |
| OFS Shares | Approx 2,43,90,242 Shares |
| Issue Type | Book Built Issue |
| IPO Listing | BSE, NSE |
Note: Lumino Industries IPO has a total issue size of approximately ₹700 crores, comprising a ₹500 crore fresh issue and ₹200 crore OFS. The price band is ₹78–₹82 per share, and the IPO is scheduled for August 27–31, 2026.
Analysis
Lumino Industries IPO Reservation
The Lumino Industries IPO reservation is divided among Qualified Institutional Buyers (QIBs), Non-Institutional Investors (NIIs), Retail Individual Investors and Anchor Investors.
As per the IPO allocation structure, 50% of the net offer is reserved for Qualified Institutional Buyers, 15% for Non-Institutional Investors, and 35% for Retail Individual Investors.
| Investor Category | Shares Offered | Shares (%) |
|---|---|---|
| Anchor Investor | – Shares | -% |
| QIB (Ex. Anchor) | – Shares | 50% |
| NII Shares Offered | – Shares | 15% |
| Retail Shares Offered | – Shares | 35% |
Note: The percentage-wise allocation is confirmed at 50% for QIBs, 15% for NIIs and 35% for Retail Investors. The exact number of shares can be updated separately after final category-wise allocation details are available.
Analysis
Lumino Industries IPO Anchor Investors
The Lumino Industries IPO anchor bidding is scheduled for August 25, 2026, ahead of the public issue opening on August 27, 2026. The final anchor allocation will determine the participating institutional investors, number of shares allotted and total anchor investment amount.
| Particular | Details |
|---|---|
| Anchor Bidding Date | August 25, 2026 |
| Anchor Investors List | Awaited |
| Shares Offered | 2,52,43,902 Shares |
| Anchor Size | To be Updated |
| Lock-in Period – 50% Shares (30 Days) | To be Updated |
| Lock-in Period – Remaining 50% Shares (90 Days) | To be Updated |
Note: The anchor bidding date of August 25, 2026 is confirmed. Current IPO data indicates an anchor allocation of approximately 2,52,43,902 shares. The final anchor investor names, allocation price, anchor amount and exact lock-in expiry dates should be updated after the anchor allocation is officially completed.
Analysis
Lumino Industries IPO Dates
The Lumino Industries IPO will open for subscription on August 27, 2026 and close on August 31, 2026. The IPO allotment is expected to be finalized on September 1, 2026.
Refunds for unsuccessful applicants and credit of shares to successful investors' demat accounts are scheduled for September 2, 2026. Lumino Industries shares are expected to list on BSE and NSE on September 3, 2026.
| IPO Event | Date |
|---|---|
| IPO Open Date | August 27, 2026 |
| IPO Close Date | August 31, 2026 |
| Basis of Allotment | September 1, 2026 |
| Refunds | September 2, 2026 |
| Credit to Demat Account | September 2, 2026 |
| IPO Listing Date | September 3, 2026 |
Note: The Lumino Industries IPO timeline is tentative and may be revised. The issue is scheduled for August 27–31, allotment on September 1, refunds and demat credit on September 2, followed by the proposed BSE & NSE listing on September 3, 2026.
Analysis
Lumino Industries IPO Promoters and Holding Pattern
The promoters of Lumino Industries Limited are Purushottam Dass Goel, Devendra Goel and Jay Goel. Before the IPO, the promoter and promoter group collectively hold 24,35,78,096 equity shares, representing 100% of the company's pre-IPO equity share capital.
Following the fresh issue, the company's total outstanding equity shares are expected to increase to 30,45,53,705 equity shares. Since the IPO includes fresh issuance of shares, the promoter group's percentage holding will be diluted after the issue.
Promoters of Lumino Industries
- Purushottam Dass Goel
- Devendra Goel
- Jay Goel
| Particular | Pre IPO Shares | Pre IPO % Shares | Post IPO Shares | Post IPO % Shares |
|---|---|---|---|---|
| Promoter and Promoter Group | 24,35,78,096 | 100% | – | -% |
| Others* | – | -% | – | -% |
| Total | 24,35,78,096 | 100% | 30,45,53,705 | 100% |
Note: Lumino Industries' official shareholder information confirms total promoter and promoter-group ownership of 24,35,78,096 shares (100%) before the IPO. The promoters named in the IPO documents are Purushottam Dass Goel, Devendra Goel and Jay Goel.
Analysis
Lumino Industries IPO Objects of the Issue & Utilisation of Proceeds
Lumino Industries proposes to utilise a major portion of the fresh issue proceeds towards reducing its outstanding borrowings. Approximately ₹337 crores is proposed to be used for prepayment or repayment, in full or in part, of certain outstanding borrowings availed by the company.
The company also plans to utilise approximately ₹15.01 crores towards capital expenditure for the purchase of equipment and machinery, civil works and interior development at an existing manufacturing facility.
| Purpose | Amount |
|---|---|
| Prepayment or repayment, in full or in part, of certain outstanding borrowings availed by the Company | ₹337.00 Cr. |
| Capital expenditure for purchase of equipment and machinery, civil works and interior development of an existing manufacturing facility | ₹15.01 Cr. |
| General Corporate Purposes | ₹- |
Note: The specifically identified utilisation of the fresh issue proceeds totals approximately ₹352.01 crores. The remaining net proceeds may be utilised towards general corporate purposes and applicable issue-related expenses.
Analysis
Lumino Industries About Ipo
Lumino Industries, founded in 2005, is one of the leading engineering, procurement, and construction (EPC) companies involved in the manufacturing and supply of conductors, power cables, electrical wires, and specialised components. The firm makes high-temperature, low-sag (HTLS) conductors for distribution and transmission lines, making Lumino the fastest-growing player in the conductors, power cables, and EPC industry.
Its product portfolio includes Aluminium conductors, Power Cables, and electrical wires used in power distribution, industrial, renewable energy, and communication works. The firm runs its 2 manufacturing facilities in Howrah, West Bengal, and supplies its products to international clients, including government-owned electricity companies in countries like the USA, Nepal, and Ghana.
Analysis
Lumino Industries IPO Company Financial Report
Lumino Industries reported consistent growth in revenue and profitability during the last three reported financial years. Revenue increased from ₹1,424.63 crores in FY2024 to ₹1,946.68 crores in FY2025 and further to ₹2,089.31 crores in FY2026.
Profit After Tax (PAT) improved from ₹86.61 crores in FY2024 to ₹124.59 crores in FY2025 and reached ₹160.00 crores in FY2026. While revenue growth moderated in FY2026, the company continued to record healthy growth in its bottom line.
The company's asset base also expanded significantly, increasing from ₹1,175.44 crores in FY2024 to ₹1,718.66 crores in FY2025 and ₹2,174.88 crores in FY2026.
| Period Ended | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2024 | ₹1,424.63 Cr. | ₹1,308.67 Cr. | ₹86.61 Cr. | ₹1,175.44 Cr. |
| 2025 | ₹1,946.68 Cr. | ₹1,777.37 Cr. | ₹124.59 Cr. | ₹1,718.66 Cr. |
| 2026 | ₹2,089.31 Cr. | ₹1,884.54 Cr. | ₹160.00 Cr. | ₹2,174.88 Cr. |
Financial Trend: From FY2024 to FY2026, revenue increased by approximately 46.7%, while PAT increased by approximately 84.7%. In FY2026 alone, revenue grew by approximately 7.3% year-on-year, while PAT increased by approximately 28.4%.
Analysis
Lumino Industries IPO Valuation – FY2026
The Lumino Industries IPO valuation can be assessed using key financial indicators such as Earnings Per Share (EPS), Return on Equity (ROE), Return on Capital Employed (ROCE), EBITDA Margin, PAT Margin, Return on Net Worth (RoNW) and Net Asset Value (NAV).
For FY2026, Lumino Industries reported an ROE of 24.62% and ROCE of 25.75%. The company's EBITDA margin stood at 11.71%, while its PAT margin was 7.66%. The debt-to-equity ratio stood at 0.53.
The company's basic Earnings Per Share (EPS) stood at ₹6.57, while Return on Net Worth (RoNW) was 24.62%. Net Asset Value (NAV) stood at ₹29.95 per equity share.
| KPI | Values |
|---|---|
| ROE | 24.62% |
| ROCE | 25.75% |
| EBITDA Margin | 11.71% |
| PAT Margin | 7.66% |
| Debt to Equity Ratio | 0.53 |
| Earning Per Share (EPS) | ₹6.57 (Basic) |
| Price / Earnings (P/E) Ratio | N/A |
| Return on Net Worth (RoNW) | 24.62% |
| Net Asset Value (NAV) | ₹29.95 |
Valuation: Based on the IPO price band of ₹78 to ₹82 and FY2026 EPS of ₹6.57, the implied P/E ratio works out to approximately 11.87x to 12.48x. At the upper price band of ₹82, the issue price is approximately 2.74 times the reported NAV of ₹29.95 per share.
Analysis
Lumino Industries IPO Peer Group Comparison
The Lumino Industries IPO peer group includes listed companies operating across electrical conductors, cables, power transmission, engineering and EPC infrastructure. Key peers include Apar Industries, Bajel Projects, Kalpataru Projects International, KEC International, KEI Industries, Universal Cables and Techno Electric & Engineering Company.
Investors can compare EPS, P/E ratio, Return on Net Worth (RoNW), Net Asset Value (NAV) and income to assess Lumino Industries against listed peers. Lumino Industries' FY2026 RoNW of 24.62% is higher than the RoNW figures of all the peers shown below.
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Apar Industries Limited | 242.81 | 68.98 | 19.76% | 1,341.55 | 22,966.89 Cr. |
| Bajel Projects Limited | 1.74 | 108.66 | 0.98% | 64.61 | 2,818.56 Cr. |
| Kalpataru Projects International Limited | 60.90 | 22.13 | 15.80% | 438.28 | 27,247.93 Cr. |
| KEC International Limited | 22.75 | 19.81 | 11.10% | 219.80 | 23,555.87 Cr. |
| KEI Industries Limited | 96.02 | 58.79 | 14.76% | 697.07 | 11,906.32 Cr. |
| Universal Cables Limited | 47.01 | 35.51 | 8.91% | 544.62 | 3,050.99 Cr. |
| Techno Electric & Engineering Company Limited | 40.74 | 25.97 | 12.00% | 357.43 | 3,401.17 Cr. |
Valuation Comparison: Based on Lumino Industries' FY2026 EPS of ₹6.57 and IPO price band of ₹78–₹82, its implied P/E ratio is approximately 11.87x–12.48x. This is below the P/E ratios of all seven listed peers shown above. However, investors should also consider differences in business scale, revenue mix, margins, growth profile and capital structure before making a direct valuation comparison.
Analysis
Lumino Industries IPO Lead Managers aka Merchant Bankers
- Motilal Oswal Investment Advisors Ltd.
- JM Financial Ltd.
- Monarch Networth Capital Ltd.
FAQ
Lumino Industries IPO FAQs
Lumino Industries IPO price band is Rs 78.00 to Rs 82.00. Check the latest issue price, lot size and GMP together before applying.
Lumino Industries IPO open date is 27 Aug 2026, close date is 31 Aug 2026, and listing date is 03 Sept 2026.
Lumino Industries IPO lot size is 182 shares. The minimum retail investment is Rs 14,924.
Lumino Industries is classified as a Mainboard IPO. This helps investors quickly understand the issue category and exchange segment.
Lumino Industries IPO subscription status currently shows Retail 37.82x, QIB 221.43x, NII 175.99x, Overall 117.69x.
Lumino Industries makes and sells everyday consumer goods and specialized industrial parts. The company operates through two main areas: a lighting and electronics division that produces items like LED bulbs, and an industrial division that supplies parts to other businesses. By manufacturing everything in-house at its own factories, Lumino is able to design and control its products, which it sells nationwide through a large network of shops and dealers.
Lumino Industries IPO issue size is TBA and the expected allotment date is 01 Sept 2026.
Community discussion
Comments
Share a useful question or insight about Lumino Industries.
Leave a comment
Your email address will not be published. All comments and replies are reviewed before appearing.
Keep Exploring
Similar Recent IPOs
Mainboard
Reliance Jio
Price BandTBA
Current GMP₹185
Lot SizeTBA
Mainboard
HD Fire Protect
Price Band₹258.00 - ₹271.00
Current GMP₹55 · +20.3%
Lot Size55 Shares
Mainboard
Vishal Nirmiti
Price Band₹208.00 - ₹220.00
Current GMP₹-5 · +0.9%
Lot Size68 Shares
Mainboard
Nityas Gems and Jewellery
Price Band₹70.00 - ₹75.00
Current GMP₹7 · +1.3%
Lot Size200 Shares
Loading comments...