Snapshot from Aug 24, 2026 at 07:00 UTC. For live data and tracking: View Live
Events / Business / Lumino Industries IPO price band set
Business IPO launch

Lumino Industries IPO price band set

Analysis based on 9 articles · First reported Aug 21, 2026 · Last updated Aug 21, 2026

Sentiment
40
Attention
3
Articles
9
Market Impact
General
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Market Impact

The IPO is expected to attract investor interest given the company's strong financial performance and the growing demand for power transmission infrastructure in India. The listing could provide a boost to the company's valuation and enable it to reduce debt, potentially improving its financial health and market position.

Power Transmission Electrical Equipment Capital Markets
Event Summary

Lumino Industries, an Indian EPC and manufacturing company specializing in conductors, power cables, and HTLS conductors for the power transmission and distribution sector, has fixed the price band for its initial public offering (IPO) at Rs 78-82 per share. The Rs 700 crore IPO comprises a fresh issue of Rs 500 crore and an offer for sale of Rs 200 crore by promoters Devendra Goel and Ajay Goel. The issue opens on August 27, 2026, and closes on August 31, with anchor investor bidding on August 25. The company plans to list on the BSE and NSE on September 3. Proceeds from the fresh issue will be used to repay approximately Rs 337 crore of debt, fund capital expenditure of Rs 15.01 crore for equipment and facility upgrades, and for general corporate purposes. Lumino Industries reported a 28% increase in profit after tax to Rs 160 crore for FY26, with revenue growing 7% to Rs 2,089 crore. The IPO is being managed by Motilal Oswal, JM Financial, and Monarch Networth Capital, with Bigshare Services Private Limited as registrar.

Key Actions
80 Lumino Industries filed IPO papers India — Securities and Exchange Board of India
70 Lumino Industries reported financial results
60 Lumino Industries announced IPO
50 Devendra Goel selling shares
50 Ajay Goel selling shares
40 Lumino Industries plans capital expenditure
30 Motilal Oswal Financial Services appointed lead manager Lumino Industries
30 JM Financial appointed lead manager Lumino Industries
30 Monarch Networth Capital appointed lead manager Lumino Industries
20 Bigshare Services Private Limited appointed registrar Lumino Industries
Entities Involved
priv
Lumino Industries
The company is the issuer of the IPO, seeking to raise Rs 700 crore to repay debt and fund expansion. The IPO is a significant milestone for the company, providing access to public capital markets and potentially enhancing its growth prospects.
Importance 100.0 Sentiment 60.0
per
Devendra Goel
Devendra Goel is a promoter of Lumino Industries and is selling shares in the OFS, which will reduce his stake but provide liquidity.
Importance 40.0 Sentiment 0.0
per
Ajay Goel
Ajay Goel is a promoter of Lumino Industries and is selling shares in the OFS, similar to Devendra Goel.
Importance 40.0 Sentiment 0.0
cnt
India
India is the home country of Lumino Industries and the primary market for its products. The IPO reflects the growth of India's power infrastructure sector.
Importance 30.0 Sentiment 0.0
stock
Motilal Oswal Financial Services
As a book-running lead manager, Motilal Oswal is responsible for managing the IPO process, including pricing, marketing, and allocation, and will earn fees from the transaction.
Importance 30.0 Sentiment 0.0
stock
JM Financial
JM Financial serves as a book-running lead manager for the IPO, playing a key role in the offering's execution and success.
Importance 30.0 Sentiment 0.0
stock
Monarch Networth Capital
Monarch Networth Capital is also a book-running lead manager, contributing to the IPO's management and investor outreach.
Importance 30.0 Sentiment 0.0
exch
Bombay Stock Exchange
The BSE is one of the exchanges where Lumino Industries' shares will be listed, providing a platform for trading and liquidity.
Importance 20.0 Sentiment 0.0
exch
National Stock Exchange of India
The NSE is the other exchange where the company's shares will be listed, offering investors access to the stock.
Importance 20.0 Sentiment 0.0
govactor
India — Securities and Exchange Board of India
SEBI is the regulatory body that approved the IPO and oversees the offering process, ensuring compliance with securities regulations.
Importance 20.0 Sentiment 0.0
priv
Bigshare Services Private Limited
Bigshare Services Private Limited acts as the registrar for the IPO, handling share allotment and related administrative tasks.
Importance 10.0 Sentiment 0.0
stock
Kalpataru Projects International
As a client of Lumino Industries, Kalpataru Projects International is a customer for its conductors and cables, but the IPO does not directly affect it.
Importance 10.0 Sentiment 0.0
priv
Jackson Group
Jackson Group is another client of Lumino Industries, purchasing its products for EPC projects, but the IPO has no direct impact on it.
Importance 10.0 Sentiment 0.0
priv
Warora Kurnool Transmission
Warora Kurnool Transmission is a client of Lumino Industries, but the IPO does not directly affect its operations.
Importance 10.0 Sentiment 0.0
priv
Monte Carlo Limited
Monte Carlo Limited is a client of Lumino Industries, but the IPO has no direct impact on it.
Importance 10.0 Sentiment 0.0
+ 9 more entities View on Dashboard
Relationships
India related ↔ Motilal Oswal Financial Services
India related ↔ JM Financial
India related ↔ Bombay Stock Exchange
India related ↔ National Stock Exchange of India
India related ↔ India — Securities and Exchange Board of India
JM Financial related ↔ Bombay Stock Exchange
JM Financial related ↔ National Stock Exchange of India
JM Financial related ↔ India — Securities and Exchange Board of India
Bombay Stock Exchange competitor ↔ National Stock Exchange of India Bombay Stock Exchange is a primary competitor to the National Stock Exchange of India, both serving as major platforms f
Bombay Stock Exchange related ↔ India — Securities and Exchange Board of India
National Stock Exchange of India regulated ↔ India — Securities and Exchange Board of India The National Stock Exchange of India operates under the direct regulatory oversight of the Securities and Exchange Board
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