Lumino Industries
Kolkata-based maker of aluminium conductors, power cables and electrical wires, with a complementary power-transmission EPC arm.
Last updated 11 Sept 2026, 9:17 am IST
- Price band
- ₹78 – ₹82
- Lot size
- 182
- Issue size
- ₹700 Cr (₹500 Cr fresh + ₹200 Cr OFS)
- Opens
- 27 Aug 2026
- Closes
- 31 Aug 2026
- Exchange
- Both
The numbers
- GMP
- ₹37 (~45.1%) (listing eve; was ₹60 (~73%) on closing day)
- Subscription
- 123.96× (final)
- Listing gain
- NSE +34.1% / BSE +32.9% (3 Sep)
- Listing date
- 3 Sept 2026
- Model prediction
- ~+79% expected → Strong Subscribe. Listed +34.1% NSE / +32.9% BSE (3 Sep), closed +34.5%; direction held, read ran high.
The Ticker Tales take
Lumino Industries designs and makes aluminium conductors, power cables and electrical wires — including high-temperature low-sag conductors used in transmission lines — and runs a complementary power-transmission EPC arm; manufacturing is about two-thirds of revenue. ₹700 Cr mainboard issue at ₹78–82 (₹500 Cr fresh + ₹200 Cr offer for sale) that closed on 31 Aug at 123.96× subscribed, with institutions ~232.79× and wealthy investors ~185.21× against retail ~40.15×. It listed on 3 Sep at ₹110 on NSE (+34.1%) and ₹109 on BSE (+32.9%), and closed its first day at ₹110.32 (+34.5%) — applicants are comfortably in profit. The Strong Subscribe direction was right, but our ~79% read ran well high: the grey-market premium had already cooled from ~73% on the closing day to ~45% on listing eve, and the debut landed closer to that cooler number.
More details
- Sector
- Power conductors, cables & EPC
- Issue type
- Book-built (₹500 Cr fresh + ₹200 Cr OFS)
- Anil Singhvi - Long-term call
- Not clearly stated
- Anil Singhvi - Listing-gain call
- Not clearly stated
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Calls here follow a set formula (GMP, subscription trends) plus Anil Singhvi's publicly shared view — not investment advice. Please do your own research before investing.