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  5. Lumino Industries IPO subscribed 30% so far on Day 1; check price band, lot size and key dates

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Lumino Industries IPO subscribed 30% so far on Day 1; check price band, lot size and key dates

Journalist Kamal Joshi, former Republic TV and latestly news editor, currently associated with Upstox as senior ipo writer.
By Kamal Joshi

3 min read | Updated on August 27, 2026, 11:06 IST

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SUMMARY

The ₹700 crore Lumino Industries IPO consists of a fresh issue of shares worth up to ₹500 crore and an offer-for-sale (OFS) component of up to ₹200 crore by promoters Jay Goel and Devendra Goel.

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The initial public offering of Lumino Industries Ltd has been subscribed 30% so far on the first day of bidding on Thursday, August 27. The issue will end on August 31. The price band has been fixed at ₹78 to ₹82 per share.

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It secured bids for 1,87,07,052 shares compared to 6,32,05,127 shares on offer, according to the NSE data until 11:01 am.

The category for retail investors was subscribed 43% and that of non-institutional investors received 39% subscription. The portion meant for qualified institutional buyers (QIBs) is yet to see any bidding.

The ₹700 crore IPO consists of a fresh issue of shares worth up to ₹500 crore and an offer-for-sale (OFS) component of up to ₹200 crore by promoters Jay Goel and Devendra Goel.

Of the fresh issue proceeds, ₹337 crore will be used for debt clearance and ₹15.01 crore for capital expenditure, including the purchase of machinery and equipment, civil works and interior development of an existing manufacturing plant. The remaining funds will be utilised for general corporate purposes.

Lumino Industries IPO: Lot size

A lot consists of 182 shares and in multiples thereafter.

Hy-Tech Engineers IPO Day 4: Check subscription status, allotment date and steps

Lumino Industries IPO: Allotment and listing date

EventDate
Subscription periodAugust 27 to August 31
Basis of allotmentSeptember 1
Initiation of RefundsSeptember 2
Credit of Shares to DematSeptember 2
Listing dateSeptember 3

Before the IPO, the company mobilised ₹207 crore from anchor investors, including SBI General Insurance Company, Bajaj Life Insurance, Citigroup Global Markets Mauritius, 3PIM India Equity (IFSC) Fund and Silver Stride India Global Fund.

Lumino Industries Ltd is a product-driven integrated engineering, procurement and construction (EPC) player in India, with a key focus on manufacturing and supplying power cables, conductors and electrical wires to the growing power transmission and distribution industry. It also makes high-temperature low-sag conductors utilised in distribution and transmission lines in India.

It supplies conductors, power cables and other specialised products to large EPC players like Kalpataru Projects International, Jackson, Warora Kurnool Transmission, KGN Electricals, WRSS XXI(A) Transco, RS Infraprojects and Monte Carlo.

Disclaimer: This article is written purely for informational purposes and should not be considered investment advice from Upstox. Securities mentioned are illustrative and not recommendations. Please consult a financial advisor before making any investment decisions.

About The Author

Journalist Kamal Joshi, former Republic TV and latestly news editor, currently associated with Upstox as senior ipo writer.
Kamal Joshi is a business journalist who covers markets and IPOs. He places a special focus on in-depth analysis of DRHPs, RHPs and public-issue documents to produce data-driven stories. He covers trends across mainboard and SME IPOs, anchor allocations, subscription status and post-listing performance. He is passionate about breaking news and enjoys playing pickleball, especially flexing his net play. He was previously associated with Republic TV and LatestLY.

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