(L–R) Mr. Hemant Bhuwania, CFO, Mr. Devendra Goel, MD & Mr. Jay Goel, Whole Time Director of Lumino Industries Limited, at the launch of the Company’s IPO in Mumbai.
• Price band of ₹78 – ₹82 per Equity Share bearing face value of ₹ 5 each (“Equity Shares”)
• Bid/Offer Opening Date – Thursday, August 27, 2026 and Bid/Offer Closing Date – Monday, August 31, 2026
• Minimum Bid Lot is 182 Equity Shares and in multiples of 182 Equity Shares thereafter
Mumbai, August 21, 2026: Lumino Industries Limited has fixed the Price Band of ₹78/- to ₹ 82/- per Equity Share of face value ₹5/- each for its maiden initial public offer.
The Initial Public Offering (“IPO” or “Offer”) of the Company will open on Thursday, August 27, 2026, for subscription and close on Monday, August 31, 2026.
Investors can bid for a minimum of 182 Equity Shares and in multiples of 182 Equity Shares thereafter.
Equity shares outstanding as on date is 243,578,096 Equity Shares of face value of ₹5 each.
The Offer, with a face value of ₹5 per Equity Share, comprises a fresh up to ₹5,000.00 million and an offer-for-sale up to ₹2,000.00 millionby promoters – Devendra Goel and Jay Goel.
The proceeds from its fresh issuance worth ₹3,370 million will be utilized for prepayment or re-payment, in full or in part, of certain outstanding borrowings availed by the Company, ₹150.13 million for capital expenditure by the Company for purchase of equipment and machinery, civil works and interior development of an existing manufacturing facility, and general corporate purposes.
The Offer is being made through the book-building process, in compliance with SEBI ICDR Regulations, wherein not more than 50% of the net offer will be available for allocation to qualified institutional buyers (QIBs), not less than 15% to non-institutional bidders (NIIs), and not less than 35% to retail individual bidders (RIIs).
The Company is a product-driven integrated engineering, procurement and construction (“EPC”) player in India, with strong focus on manufacturing (“Manufacturing”) and supplying conductors, power cables and electrical wires and other specialized products and components to the growing power transmission and distribution industry in India. It also manufactures high-temperature low-sag (“HTLS”) conductors used in distribution and transmission lines in India.
The Company supplies conductors, power cables and other specialized products to large EPC players such as Kalpataru Projects International Limited (formerly known as Kalpataru Power Transmission Limited), Jackson Limited, Warora Kurnool Transmission Limited, K.G.N. Electricals, WRSS XXI (A) Transco Limited, Monte Carlo Limited and R.S. InfraprojectsPrivate Limited. It also caters its products to international clients, which include government owned and controlled electricity companies, public enterprises and electricity boards, in countries such as United States of America, Mali, Burkina Faso, Côte d’Ivoire, Nepal, Bangladesh, Kenya, Ghana, Rwanda and Ethiopia. Further, in line with its product-driven strategy and integrated operations, the Company also supplies products for captive consumption in the EPC projects executed by it.
Motilal Oswal Investment Advisors Limited, JM FinancialLimited and Monarch Networth Capital Limited are the BookRunning Lead Managers to the Offer, and Bigshare Services Private Limited is the Registrar of the Offer.
The Equity Shares are proposed to be listed on BSE and NSE.
Lumino Industries Limited is proposing, subject to receipt of requisite approvals, market conditions and other considerations, to make an initial public offer of its Equity Shares and has filed a red herring prospectus dated 2026, with the RoC. The RHP is made available on the website of the SEBI at www.sebi.gov.in as well as on the website of the BRLM https://www.motilaloswal.com/, https://www.jmfl.com/ and https://www.mnclgroup.com/, the website of the NSE at www.nseindia.com and the website of the BSE at www.bseindia.com and the website of the Company at https://luminoindustries.com/.
Any potential investor should note that investment in equity shares involves a high degree of risk and for details relating to such risks, please see the section “Risk Factors” beginning on page 20 of the RHP. Potential investors should not rely on the DRHP for making any investment decision but should only rely on the information included in the RHP filed by the Company with the RoC.
The Equity Shares offered in the Offer have not been, and will not be, registered under the U.S. Securities Act and may not be offered or sold within the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and applicable state securities laws. The Equity Shares offered in the Offer are being offered and sold only outside the United States in “offshore transactions” as defined in and in reliance on Regulation S under the U.S. Securities Act (“Regulation S”).
Disclaimer Clause of Securities and Exchange Board of India (“SEBI”): SEBI only gives its observations on the offer documents and this does not constitute approval of either the Issue or the specified securities stated in the Offer Documents. The investors are advised to refer to page 448 of the RHP for the full text of the disclaimer clause of SEBI.
Disclaimer Clause of BSE: It is to be distinctly understood that the permission given by BSE Limited should not in any way be deemed or construed that the RHP has been cleared or approved by BSE Limited, nor does it certify the correctness or completeness of any of the contents of the RHP. The investors are advised to refer to the page 450 of the RHP for the full text of the disclaimer clause of BSE.
Disclaimer Clause of NSE: It is to be distinctly understood that the permission given by NSE should not in any way be deemed or construed that the Offer Document has been cleared or approved by NSE, nor does it certify the correctness or completeness of any of the contents of the Issue Document. The investors are advised to refer to page 451 of the RHP for the full text of the disclaimer clause of NSE.
