Lumino Industries Ltd. logo

Lumino Industries Ltd.

IPO
MainboardBSE, NSECables - Electricals
Opens
27 Aug 2026
Closes
31 Aug 2026
Listing
03 Sept 2026
Issue Size
₹700 Cr
Price Band
₹78₹82

Issue 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

#DescriptionAmount (₹ Cr)
1Prepayment or re-payment, in full or in part,of certain outstanding borrowings availed by Company₹337
2Capital expenditure by Company for purchase of equipment and machinery, civil works and interior development of an existing manufacturing facility₹15.01
3General corporate purposes

Financial Performance

Lumino Industries Ltd. IPO Peer Comparison

The table below shows peer comparison from DRHP/RHP.

CompanyEPS BasicEPS DilutedNAVP/E(x)RoNWFinancial statements
Our Company6.5729.9524.62Consolidated
Apar Industries242.811,341.5568.9819.76Consolidated
Bajel Projects1.7464.61108.660.98Consolidated
Kalpataru Projects International60.9438.2822.1315.8Consolidated
KEC International22.75219.819.8111.1Consolidated
KEI Industries96.02697.0758.7914.76Consolidated
Universal Cables47.01544.6235.518.91Consolidated
Techno Electric & Engineering Company40.74357.4325.9712Consolidated

Lumino Industries Ltd. - Documents & Links

Registrar

Bigshare Services Pvt.Ltd.

Contact: 8657578989, 8069219065, 8069219060

ipo@bigshareonline.comWebsite

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/

Lead managers

JM Financial Ltd.Motilal Oswal Investment Advisors Ltd.Monarch Networth Capital Ltd.