Incorporated in 2005, Lumino Industries Ltd. is an integrated engineering, procurement and construction (EPC) company in India, with a focus on manufacturing and supplying conductors, power cables, electrical wires and specialised products for the power transmission and distribution industry.
The Company also manufactures high-temperature low-sag (HTLS) conductors used in transmission and distribution lines.
The Company operates through two key segments: Manufacturing and EPC. Its manufacturing business covers aluminium conductors, power cables and electrical wires, while its EPC business includes power transmission and distribution, EHV substations, HTLS re-conductoring, railway electrification, solar power projects and water management projects.
Lumino Industries supplies its products to major EPC players in India and also serves international customers, including government-owned electricity companies, public enterprises and electricity boards across countries such as the USA, Mali, Burkina Faso, Côte d'Ivoire, Nepal, Bangladesh, Kenya, Ghana, Rwanda and Ethiopia.
As of March 31, 2026, the Company had 890 permanent employees.
| Purpose | Amount (₹ Cr) |
|---|---|
| Prepayment or re-payment, in full or in part,of certain outstanding borrowings availed by Company | ₹337 |
| Capital expenditure by Company for purchase of equipment and machinery, civil works and interior development of an existing manufacturing facility | ₹15 |
| General corporate purposes | — |
| Metric | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Total Assets | 2,175 | 1,719 | 1,175 |
| Revenue | 2,089 | 1,947 | 1,425 |
| PAT | 160 | 125 | 87 |
| EBITDA | 239 | 223 | 145 |
| Net Worth | 730 | 570 | 446 |
| Reserves | 606 | 447 | 447 |
| Total Borrowing | 384 | 419 | 41 |
| Category | Sub (x) | Offered | Bid For |
|---|---|---|---|
| QIB | 0.04 | 16,829,268 | 718,172 |
| NII / HNI | 2.20 | 12,621,951 | 27,729,156 |
| Retail (RII) | 2.08 | 29,451,219 | 61,182,940 |
| Employee | — | 1,219,512 | — |
| Total | 1.51 | 60,121,950 | 90,541,724 |
* Amount calculated at upper price band (₹82) · ** Total includes all investor categories
- 1 Initiation of Refund 02 Sep 2026
- 2 Credit of Shares to Demat 02 Sep 2026
- The IPO P/E of 16x reflects a good valuation relative to typical market ranges.
- Pre-issue EPS of ₹7 compares to post-issue EPS of ₹5 after dilution.
This IPO has relatively lower interest or stretched valuation. Proceed with thorough research and caution.
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