Lumino Industries IPO: QIB portion subscribed 211.25 times, overall 104.62 times
The issue attracted strong bids across investor categories, with proceeds from the fresh issue earmarked largely for debt repayment
The IPO of Lumino Industries saw a significant level of demand, with the QIB portion being subscribed 211.25 times, representing the highest demand among categories. Overall, the IPO was subscribed 104.62 times, according to NSE data. The NII portion was booked 155.41 times, retail investors subscribed 25.88 times, and the employee portion was subscribed 8.95 times.
The company raised ₹207 crore from anchor investors ahead of the IPO, with the price band fixed at ₹78-82 per equity share. This fresh issue, up to ₹500 crore, and an offer-for-sale by promoters Devendra Goel and Jay Goel, up to ₹200 crore, will be utilized for various purposes, including debt repayment, capital expenditure, and general corporate purposes.
Brief written by urgent.news from Hindu BusinessLine's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
