Lumino Industries IPO Review
Lumino Industries Limited, a leading manufacturer of a wide range of products, including Cables, Conductors, and Wires, plans to raise INR 700 crore through an IPO.
[Fresh Issue ₹500 Cr + OFS ₹200 Cr]
Lumino Industries Ltd share price: ₹78–₹82 per share
Lumino Industries: History
The Company was formed as a partnership firm named Lumino Industries on September 1, 1989, in Calcutta, West Bengal, India.
The Company was then changed to Lumino Industries Limited, a public limited company under the Companies Act, 1956, pursuant to a certificate of incorporation issued by the RoC on March 30, 2005.
Lumino Industries: Business
Lumino Industries Ltd is a product-driven integrated engineering, procurement and construction (EPC) player in India.
The Company has a strong focus on manufacturing and supplying conductors, power cables, and electrical wires & other specialised products (components) to the growing power distribution and transmission industry in India.
It also manufactures high-temperature low-sag (HTLS) conductors used in distribution and transmission lines in India.
Manufacturing is the larger business segment for Lumino, contributing 69.74% of FY2026 revenue, while EPC contributed 30.26%.
As of 31 March 2026, its order book stood at ₹3,150 crore (₹1,992 crore of EPC and ₹1,158 crore of manufacturing).
Manufacturing and Warehouses Facilities
The Company operates two manufacturing facilities (for cables and conductors) located in Howrah, West Bengal, with a combined capacity of 40,000 metric tonnes per year and an aggregate area of 264,208 sq. ft.
It also operates three warehouses covering an aggregate area of approximately 1,10,000 sq. ft.
Client List
It supplies conductors, power cables, and other specialised products to Kalpataru Projects International Limited, Jackson Limited, Warora Kurnool Transmission Limited, K.G.N. Electricals, WRSS XXI (A) Transco Limited, and Monte Carlo Limited.
It also caters to international clients in countries such as the United States of America, Bangladesh, Ghana, Nepal, Kenya, Rwanda, and Ethiopia.
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Strategies Ahead
Leveraging market opportunities and core competencies for growth in EPC of power transmission (distribution) sector.
Expand manufacturing capabilities and product development.
Expansion and diversification into allied EPC sectors by leveraging existing project execution capabilities.
Focus on increasing global presence and entering new markets.
Company Promoters
- Purushottam Dass Goel,
- Devendra Goel,
- Jay Goel.
Refer to Lumino Industries Ltd IPO DRHP for more details.
IPO Detail
ipo date: 27 Aug – 31 Aug 2026
Minimum Amount: ₹14,924
Minimum Bid: 182 Shares
Face Value: INR 10 per share
Listing On: NSE, BSE
Financial
Book Running Lead Managers
Motilal Oswal Investment Advisors
JM Financial
Monarch Networth Capital
CONCLUSION
Considering financial performance and the nature of the business, FinBlab recommends ‘SUBSCRIBE‘ ratings (keeping a long-term view in mind) for the Lumino Industries Ltd IPO.
Do come back to learn more about “upcoming IPOs”.
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Disclaimer: This article is purely for informational purposes.
While much time and effort is made to provide the information, I (Vishal Dalwadi) or (FinBlab) do not guarantee the accuracy, correctness, completeness or reliability of any information or data displayed herein and shall not be held responsible.
