Lumino Industries IPO
About the Company:
Lumino Industries is an electrical equipment and infrastructure company engaged in the manufacturing of cables and conductors.
The company also undertakes rural electrification and turnkey infrastructure projects. Its operations are supported by manufacturing facilities, an established distribution network, and capabilities across the electrical equipment value chain.
IPO Objectives:
Repayment or prepayment of borrowings
Capital expenditure for equipment, machinery and civil works
General corporate purposes
Lumino Industries IPO: Key Details
IPO Date: 27–31 Aug 2026
Price Band: ₹78–₹82 per share
Lot Size: 182 shares
IPO Size: ₹700 Cr
Fresh Issue: ₹500 Cr
OFS: ₹200 Cr
GMP: +70% (for information only)
Financial Highlights:
FY24: Revenue ₹1,407 Cr | Profit ₹86.61 Cr | Debt ₹442 Cr
FY25: Revenue ₹1,918 Cr | Profit ₹125 Cr | Debt ₹863 Cr
FY26: Revenue ₹2,041 Cr | Profit ₹160 Cr | Debt ₹980 Cr
The company has reported consistent growth in revenue and profitability over the last three years. However, debt levels have also increased significantly alongside business expansion.
Valuation Highlights:
At the upper price band of ₹82 per share:
Market Capitalisation: ₹2,497 Cr
P/E Ratio: 15.61x | Sector P/E: 33.08x
P/B Ratio: 3.42x | Sector P/B: 3.57x
The IPO is valued below the sector average on both P/E and P/B basis. Investors may consider the company's strong revenue and profit growth along with its rising debt levels while evaluating the IPO.
DISCLAIMER: No financial information whatsoever published anywhere here should be construed as an offer to buy or sell securities, or as advice to do so in any way whatsoever. All matters published here are purely for educational and information purposes only and under no circumstances should be used for making investment decisions. Readers must consult a qualified financial advisor before making any actual investment decisions, based on the information published here. Any reader making decisions based on any information published here does so entirely at their own risk. Investors should bear in mind that any investment in the stock market is subject to unpredictable market-related risks. The author has no plans to invest in this offer, and also the author does not recommend investing in any offer published on this website.
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