All you need to know about Lumino Industries IPO
Sushil Finance Recommedation, anchor investors
Lumino Industries is set to launch its initial public offering (IPO) today, with the share price band set between Rs 78 and Rs 82 per share of face value Rs 5 each. Investors can bid for a minimum of 182 equity shares and in multiples of 182 shares thereafter. The funds raised will be used to repay certain outstanding borrowings, invest in capital expenditure, and for general corporate purposes.
The offer includes a fresh issuance of up to Rs 500 crore and an offer-for-sale of up to Rs 200 crore by promoters Devendra Goel and Jay Goel. Anchor investors have allocated a significant portion of the shares to various institutions and equity-oriented schemes. The company's integrated manufacturing-plus-EPC model provides a structural advantage over pure-EPC peers, and the offer is seen as sensibly structured with the largest share of proceeds going towards debt repayment.
Brief written by urgent.news from Hindu BusinessLine's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
