Lumino Industries IPO Set to Make Capital Market Debut

Mumbai (Anil Bedag): Lumino Industries Limited, an integrated engineering, procurement and construction (EPC) company with a strong presence in the power transmission and distribution sector, is preparing to enter the capital markets with its maiden Initial Public Offering (IPO).

The company has fixed the Lumino Industries IPO price band at ₹78 to ₹82 per equity share, with each share having a face value of ₹5. The public issue is scheduled to open on Thursday, August 27, 2026, and close on Monday, August 31, 2026.

With the company operating across power transmission and distribution products and exporting to multiple international markets, the IPO is expected to attract attention from investors tracking the infrastructure and electrical equipment sectors.

Lumino Industries IPO Price Band and Lot Size

The price band for the Lumino Industries IPO has been fixed at ₹78–₹82 per equity share.

Investors will be required to bid for a minimum of 182 equity shares. Subsequent bids can be placed in multiples of 182 shares.

At the upper end of the price band, one minimum lot of 182 shares would require an investment of ₹14,924, excluding applicable charges.

Lumino Industries IPO Issue Size

The proposed public offering comprises both a fresh issue and an Offer for Sale (OFS).

According to the company, the fresh issue will comprise shares worth up to ₹500 crore, while promoters Devendra Goyal and Jai Goyal will offer shares worth up to ₹200 crore through the OFS component.

Consequently, the overall IPO size could be approximately ₹700 crore.

The fresh issue proceeds will primarily be directed towards strengthening the company’s balance sheet and supporting its manufacturing operations.

How Lumino Industries Plans to Use IPO Proceeds

A significant portion of the fresh issue proceeds is earmarked for debt reduction.

According to the company:

• ₹337 crore will be used towards the full or partial repayment of existing debt.
• ₹15.01 crore will be utilised for purchasing new equipment and machinery.
• Funds will also support civil works and interior development at the company’s existing manufacturing facility.
• The remaining proceeds will be used for general corporate purposes.

The planned debt repayment could help the company strengthen its financial position, while investments in machinery and manufacturing infrastructure are expected to support its operational requirements.

What Does Lumino Industries Do?

Lumino Industries operates as a product-based integrated EPC company serving the power transmission and distribution ecosystem.

The company manufactures a range of electrical and power infrastructure products, including:

• Conductors
• Power cables
• Electrical wires
• Specialised electrical products
• High-Temperature Low-Sag (HTLS) conductors

Its HTLS conductor business is particularly aligned with the requirements of India’s expanding power transmission and distribution infrastructure.

Lumino Industries Expands Global Footprint

In addition to its presence in India, Lumino Industries exports its products to government and government-controlled power companies, public sector undertakings and electricity boards in several international markets.

Its export destinations include the United States, Mali, Burkina Faso, Ivory Coast, Nepal, Bangladesh, Kenya, Ghana, Rwanda and Ethiopia.

The company’s presence across these markets provides it with exposure to international demand for power transmission and electrical infrastructure products.

Lumino Industries IPO: Key Dates

Lumino Industries IPO Lead Managers

The Book Running Lead Managers (BRLMs) to the IPO are:

• Motilal Oswal Investment Advisors Limited
• JM Financial Limited
• Monarch Networth Capital Limited

The appointment of established capital market intermediaries comes as the company prepares for its first public offering.

Lumino Industries IPO Could Draw Investor Attention

Lumino Industries’ proposed IPO comes at a time when India’s power transmission and distribution infrastructure is witnessing continued investment and expansion.

The company’s integrated manufacturing capabilities, HTLS conductor portfolio, EPC presence and international exports are among the factors that could attract market attention.

At the same time, prospective investors should carefully evaluate the company’s financial performance, valuation, debt position, industry risks and IPO-related disclosures before making an investment decision.

With the Lumino Industries IPO scheduled to open on August 27 and close on August 31, 2026, market participants will be watching the subscription response and the company’s eventual listing performance closely.