Lumino Industries IPO Subscription at 0.13x on Day 1; Retail Subscription at 0.19x

Mumbai, August 27: The Lumino Industries IPO opened for subscription on Thursday and got off to a relatively quiet start on the first day of bidding. The ₹700 crore public issue was 0.13 times subscribed as of the latest subscription data available on August 27, 2026.

Investors bid for 76,87,680 shares against 6,01,21,950 shares offered to the public. The issue had received 21,510 applications by the reported time.

With three more bidding sessions remaining, investor participation could change significantly as the IPO moves closer to its closing date on August 31.

Retail Investors Lead Early Demand

Among the main investor categories, retail investors showed the strongest early response, with their portion subscribed 0.19 times.

The NII category followed at 0.17 times. Within the NII segment, the sNII portion was subscribed 0.35 times, while the bNII portion stood at 0.09 times.

The QIB portion had seen limited activity so far and was at 0.00 times subscription at the time of the latest update.

The employee category was subscribed 0.03 times.

Lumino Industries IPO Subscription Status

The figures are based on the latest Day 1 subscription data available for August 27.

Day-wise Subscription Details

Since the IPO opened today, only the first day’s subscription figures are available so far.

The first day has been relatively subdued, with none of the major categories fully subscribed yet. Investors still have the remaining bidding days to participate.

Lumino Industries IPO Details

The Lumino Industries IPO is a ₹700 crore book-built issue comprising both a fresh issue and an offer for sale.

The issue includes:

• Fresh Issue: 6,09,75,609 shares aggregating up to ₹500 crore

• Offer for Sale: 2,43,90,242 shares aggregating up to ₹200 crore

• Total Issue Size: 8,53,65,871 shares

The IPO comes with a price band of ₹78 to ₹82 per share. At the upper end of the price band, retail investors need ₹14,924 to apply for one lot of 182 shares.

The shares are proposed to be listed on both the NSE and BSE.

Key IPO Details

Lumino Industries IPO Investor Reservation

The company has kept not more than 50% of the net offer for QIBs, while not less than 15% is reserved for NIIs and not less than 35% for retail investors.

The issue also includes an employee reservation as applicable under the IPO structure.

For retail investors, the minimum application is one lot of 182 shares, while investors can bid for additional lots subject to the applicable category limits.

What Happens After the Lumino Industries IPO Closes?

The Lumino Industries IPO will remain open for subscription until August 31, 2026. After the bidding window closes, the next important event for applicants will be the allotment.

The tentative IPO schedule is:

Investors who receive shares are expected to see them credited to their demat accounts on September 2, while refunds for unsuccessful applications are also scheduled around the same date.

The company is tentatively scheduled to make its stock-market debut on September 3, 2026.

About Lumino Industries Ltd.

Lumino Industries Ltd., incorporated in 2005, operates in the engineering, procurement and construction (EPC) space, with a focus on products and projects linked to the power transmission and distribution industry.

Its manufacturing operations cover aluminium conductors, power cables, electrical wires and specialised products used in the power sector. The company also manufactures high-temperature low-sag (HTLS) conductors, which are used in transmission and distribution networks.

Lumino Industries operates through two broad segments — Manufacturing and EPC. Its EPC business covers areas such as power transmission and distribution, EHV substations, HTLS re-conductoring, railway electrification, solar power projects and water management projects.

Conclusion

The Lumino Industries IPO has started on a cautious note, with the ₹700 crore issue subscribed 0.13 times on Day 1. Retail investors recorded the highest subscription among the main categories at 0.19x, followed by NII investors at 0.17x.

QIB participation was still negligible at the time of the latest update, while the sNII segment saw relatively stronger early demand at 0.35x.

The IPO remains open until August 31, so the current subscription figures are far from the final picture. Investors will be watching the next few sessions closely, particularly for any pickup in institutional and HNI bidding.

Source:

• https://www.nseindia.com/market-data/issue-information?symbol=LUMINO&series=EQ&type=Active