{
  "id": 2392294,
  "title": "Lumino Industries to launch ₹700-crore IPO on August 27, fixes price band at ₹78-82 per share",
  "url": "https://urgent.news/2026/08/21/lumino-industries-to-launch-700-crore-ipo-on-august-27-fixes-price",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-21T14:44:53.000Z",
  "source": {
    "name": "Hindu BusinessLine",
    "slug": "hindu-businessline",
    "url": "https://www.thehindubusinessline.com/markets/lumino-industries-to-launch-700-crore-ipo-on-august-27-fixes-price-band-at-78-82-per-share/article71374265.ece"
  },
  "original_language": "en",
  "account": "Kolkata-based power cables and electrical wires manufacturer Lumino Industries announced on Friday that it will launch its ₹700-crore initial public offering (IPO) on August 27. The company's price band for its equity shares has been fixed at ₹78-82 per share, with a face value of ₹5 per share. The IPO will consist of a fresh issue of up to ₹500 crore and an offer for sale of up to ₹200 crore by the promoters, Devendra Goel and Jay Goel. The fresh issuance of ₹337 crore will be utilized for prepayment or repayment of certain outstanding borrowings, capital expenditure for equipment and machinery, and general corporate purposes. The company's new facility in West Bengal, which is expected to commence in the second half of the current financial year, will help expand its product range. Lumino Industries operates in two verticals: product manufacturing and engineering, procurement, and construction (EPC). The product vertical manufactures cables and conductors used in power centres, while the EPC vertical contributes around 70% of the company's revenue. With two manufacturing plants in Kolkata, the company aims to add additional capacities and capture the growing market with the new facility. The company plans to increase its global footprint by boosting export revenues, particularly to the US and African markets. The maiden IPO will be conducted through a book-building process, compliant with SEBI ICDR Regulations, where 50% of the net offer will be available for allocation to qualified institutional buyers (QIBs), 15% to non-institutional bidders (NIIs), and 35% to retail individual bidders (RIIs). Investors can bid for a minimum of 182 shares and in multiples of 182 thereafter. The equity shares will be listed on BSE and NSE, with the offer closing on August 31, 2026. The book running lead managers for the IPO are Motilal Oswal Investment Advisors Limited, JM Financial Limited, and Monarch Networth Capital Limited.",
  "summary": "The offer, with a face value of ₹5 per equity share, of the Kolkata-based company comprises a fresh issue up to ₹500 crore and an offer for sale up to ₹200 crore by promoters",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Fortune",
        "title": "Current price of oil as of August 21, 2026",
        "url": "https://urgent.news/2026/08/21/current-price-of-oil-as-of-august-21-2026",
        "published": "2026-08-21T12:30:00.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}