
Lumino Industries Ltd.
IPOIssue Details
Issue Size
₹700 Cr
Fresh Issue
– Cr
OFS
– Cr
Price Band
₹78 – ₹82
Lot Size
182
₹14,924
Face Value
₹5
Important Dates
Open Date
27 Aug 2026
Close Date
31 Aug 2026
Allotment
01 Sept 2026
Refund
02 Sept 2026
Listing
03 Sept 2026
About Company
Incorporated in 2005, Lumino Industries Limited is a product-driven engineering, procurement, and construction(EPC) company manufacturing and supplying conductors, power cables, electrical wires, and specialised components for India's power distribution and transmission industry.
The company manufactures high-temperature, low-sag (HTLS) conductors for distribution and transmission lines and is the fastest-growing player in the conductors, power cables, and EPC industry.
The company has developed a product-driven business model focused on designing, manufacturing, and distributing specialised products for power distribution, industrial, renewable energy, and communication applications.
The company supplies products to international clients, including government-owned electricity companies in countries like the USA, Nepal, and Ghana. In Fiscal 2024, 62.38% of EPC project products were manufactured in-house.
The company's electrical wire business operates in four states in India through a network of approximately 122 distributors.
The company operates two manufacturing facilities in Howrah, West Bengal, with a combined capacity of 40,000 MT of aluminium per year, and three warehouses covering approximately 110,000 sq. ft.
Business Segments:
Manufacturing: The company is the fastest-growing player in the conductors, power cables, and EPC industry (CAGR 2022-2024). Its products include aluminium conductors, power cables, and electrical wires under the 'Lumicon' brand.
EPC: The company's EPC segment includes power distribution, EHV substations, HTLS re-conductoring, railway electrification, and solar projects. It serves clients in India and Rwanda, ensuring efficient project planning and execution.
Products:
Aluminium Conductors: Aluminium conductors are vital for transmitting electrical energy efficiently over long distances to power substations via overhead lines. The company uses them in distribution networks, industrial applications, and power plants.
Power Cables: Power cables are used for transmitting and distributing high-voltage electrical power in various industrial and commercial applications. The company manufactures low voltage, aerial bundled, railway signalling, and concentric cables.
Electrical Wires: The company entered the wire business in 2023 under the 'Lumicon' brand, manufacturing thermoset insulated wire, earth wires, and house wires.
Competitive Strengths:
The fastest growing player in the power EPC industry with in-house manufacturing capabilities.
Cost-efficient and unique business model with complementary and integrated business segments.
Well-developed and integrated manufacturing facilities with an extensive product range
Strong and diversified order book.
Strong strategic alliances and partnerships with prominent international companies.
Experienced Promoters and committed management team, with skilled workforce.
Objects of the Issue
| # | Description | Amount (₹ Cr) |
|---|---|---|
| 1 | Prepayment or re-payment, in full or in part,of certain outstanding borrowings availed by Company | ₹337 |
| 2 | Capital expenditure by Company for purchase of equipment and machinery, civil works and interior development of an existing manufacturing facility | ₹15.01 |
| 3 | General corporate purposes | – |
Financial Performance
Lumino Industries Ltd. IPO Peer Comparison
The table below shows peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Our Company | – | 6.57 | 29.95 | – | 24.62 | Consolidated |
| Apar Industries | – | 242.81 | 1,341.55 | 68.98 | 19.76 | Consolidated |
| Bajel Projects | – | 1.74 | 64.61 | 108.66 | 0.98 | Consolidated |
| Kalpataru Projects International | – | 60.9 | 438.28 | 22.13 | 15.8 | Consolidated |
| KEC International | – | 22.75 | 219.8 | 19.81 | 11.1 | Consolidated |
| KEI Industries | – | 96.02 | 697.07 | 58.79 | 14.76 | Consolidated |
| Universal Cables | – | 47.01 | 544.62 | 35.51 | 8.91 | Consolidated |
| Techno Electric & Engineering Company | – | 40.74 | 357.43 | 25.97 | 12 | Consolidated |
Lumino Industries Ltd. - Documents & Links
Registrar
Company contact
Lumino Industries Ltd.
Address: Unit No – 12/4, Merlin Acropolis, 1858/1 Rajdanga Main Road, Kolkata, West Bengal
investor.relation@luminoindustries.comhttps://www.luminoindustries.com/