Lumino Industries IPO: ₹700 cr offering to be launched on Aug 27
Price band fixed at ₹78-82 per share
Lumino Industries Ltd is set to launch its ₹700 crore Initial Public Offering (IPO) on August 27, with the aim of using the proceeds to reduce debt, acquire equipment and machinery, and upgrade an existing manufacturing facility. The price band has been set at ₹78-82 per share, valuing the company at approximately ₹2,500 crore at the upper end.
The IPO consists of a fresh issue of equity shares worth up to ₹500 crore and an Offer For Sale (OFS) of shares aggregating up to ₹200 crore. The bidding will close on August 31, and the anchor investor bidding will occur on August 25.
Brief written by urgent.news from Hindu BusinessLine's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
