Lumino Industries IPO Price Band Set at ₹78–₹82: Key Dates and Issue Details

KOLKATA — Kolkata-headquartered power infrastructure manufacturer Lumino Industries Limited has officially set its Initial Public Offering (IPO) price band at ₹78 to ₹82 per share, launching a ₹700 crore public issue scheduled to open next week.

The public subscription window for the Lumino Industries IPO will open on Thursday, August 27, 2026, and close on Monday, August 31, 2026. The company aims to raise capital to fund its business operations, capital expenditure, and corporate expansion plans.

Breakdown of the ₹700 Crore Capital Raise

According to official filings with regulatory authorities, the Lumino Industries IPO is a book-built offer comprising both fresh issue equity and an Offer for Sale (OFS).

The primary components of the issue structure include:

• Fresh Capital Generation: The fresh issue segment comprises 6,09,75,609 equity shares totaling ₹500 crore. Funds generated will be utilized toward business advancement and debt repayment.

• Offer for Sale (OFS): Promoters and existing shareholders will divest 2,43,90,242 equity shares amounting to ₹200 crore.

• Pre and Post-Issue Shareholding: The total pre-issue shareholding stands at 24,35,78,096 shares, which will expand to 30,45,53,705 shares post-listing.

• Valuation: At the upper price ceiling of ₹82 per share, the company's estimated post-issue market capitalization reaches ₹2,497.34 crore.

Key Timeline and Critical Dates

Investors tracking the Lumino Industries IPO should note the following tentative operational schedule finalized by the company and its merchant bankers:

Retail Investment Minimums and Bidding Requirements

Retail Individual Investors (RII) can bid for a minimum single lot size of 182 equity shares. At the upper price band of ₹82, the minimum required investment amount for retail participation is ₹14,924.

High Net-worth Individual (HNI) investors and institutional buyers will be assigned structured allotment quotas under Securities and Exchange Board of India (SEBI) guidelines. Bidding applications must be processed electronically via Unified Payments Interface (UPI) ASBA through registered broker channels.

Official Sources and Issue Managers

The issue parameters and Red Herring Prospectus (RHP) details have been published through official financial and regulatory statements:

"Motilal Oswal Investment Advisors Limited is acting as the sole Book Running Lead Manager (BRLM) to manage the public offer, while Bigshare Services Private Limited has been appointed as the official Registrar to the issue," according to regulatory disclosures filed with market authorities.

Why It Matters

The Lumino Industries IPO represents an opportunity for capital market investors to gain exposure to India's expanding power equipment and industrial manufacturing sectors. The fresh issue proceeds will provide Lumino Industries with primary capital to strengthen its balance sheet and support expanding domestic infrastructure contracts.

Key Facts at a Glance

• Issue Size: ₹700 crore overall (₹500 crore fresh issue + ₹200 crore OFS).

• Price Band: Fixed between ₹78 and ₹82 per share with a lot size of 182 shares.

• Subscription Period: August 27, 2026 to August 31, 2026.

• Market Capitalization: Evaluated at ₹2,497.34 crore at the upper price band.

• Listing Bourses: BSE and NSE.

Frequently Asked Questions (FAQs)

Q1: What are the subscription dates for the Lumino Industries IPO?

The Lumino Industries IPO opens for public bidding on August 27, 2026, and closes on August 31, 2026.

Q2: What is the price band and minimum investment required?

The price band is ₹78 to ₹82 per share. The minimum investment for a single lot of 182 shares at the upper price band is ₹14,924.

Q3: When will the allotment status for Lumino Industries IPO be finalized?

The basis of allotment is scheduled to be finalized on September 1, 2026.

Q4: Which stock exchanges will list Lumino Industries shares?

The equity shares will be listed on both the BSE Limited and the National Stock Exchange of India (NSE).

Source: Chittorgarh IPO Desk, SEBI Filings, BSE India, NSE India.