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Lumino Industries IPO
Lumino Industries Ltd. is an integrated EPC and manufacturing company serving the power transmission and distribution sector. Its products include aluminium conductors, power cables, electrical wires, and HTLS conductors. The company also undertakes EPC projects covering power transmission, EHV substations, railway electrification, solar power, and water management.
IPO Details
- IPO Dates: 27–31 August 2026
- Price Band: ₹78–₹82 per share
- Issue Size: ₹700 Crore
- Fresh Issue: ₹500 Crore
- Offer for Sale: ₹200 Crore
- Market Lot: 182 shares
- Minimum Investment: ₹14,924
- Listing: BSE & NSE
- Registrar: Bigshare Services Pvt. Ltd.
Business & Manufacturing
Lumino Industries operates manufacturing facilities in Howrah, West Bengal, with an annual cable and conductor capacity of 40,000 MT. It also serves customers across India and international markets including the USA, Mali, Burkina Faso, Côte d’Ivoire, Nepal, Bangladesh, Kenya, Ghana, Rwanda, and Ethiopia.
Financial Performance
| Year | Revenue | PAT |
|---|---|---|
| FY2024 | ₹1,424.63 Cr | ₹86.61 Cr |
| FY2025 | ₹1,946.68 Cr | ₹124.59 Cr |
| FY2026 | ₹2,089.31 Cr | ₹160.00 Cr |
Key Strengths
- Integrated manufacturing and EPC business model
- Strong presence in power infrastructure
- Diversified exposure to power, solar, and railway projects
- International market presence
- Opportunities from increasing power-sector investments
Key Risks
- Intense competition and aggressive bidding
- Possible project delays and penalties
- Raw material price fluctuations
- Foreign currency risks
- Dependence on product certifications and quality standards
IPO Fund Utilisation
The company plans to use the IPO proceeds mainly for repayment of borrowings (₹337 crore), along with ₹15.01 crore for capital expenditure and general corporate purposes.
Promoter Holding
- Pre-IPO: 100%
- Post-IPO: 71.97%
In short: Lumino Industries combines a power-sector manufacturing business with EPC capabilities, a growing financial profile, international presence, and planned debt reduction through the IPO. Investors should also consider competition, project execution, raw-material costs, and currency risks before making any investment decision.
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