Lumino Industries IPO Date, Review, Price and Key Information

Lumino Industries Limited IPO is fully book build issue and total IPO size is ₹1000 crores. The offering includes a fresh issue worth ₹600 crores and an offer for sale of ₹400 crores.

The dates for the Lumino Industries IPO have not been announced yet.

The allotment process is expected to be finalized by [.]. The Lumino Industries IPO is scheduled to list on BSE, NSE, with a tentative listing date of [.].

The price band for the Lumino Industries IPO has not been announced yet.

Registrar for this IPO is Bigshare Services Private Limited and lead managers for Lumino Industries IPO are Motilal Oswal Investment Advisors Limited, JM Financial Limited, Monarch Networth Capital Limited.

IPO Schedule

IPO Open Date	-
IPO Close Date	-
IPO Allotment Date	-
Refund Initiation	-
Share credit in Demat	-
Listing Date	-

Key Details

Price Band	TBA
Lot Size	TBA
Face Value	₹5 Per Equity Share
Total Issue Size	₹1,000.00 Crores
Fresh Issue	₹600.00 Crores
OFS Issue	₹400.00 Crores
Issue Type	Fresh Issue and Offer for Sale
Listing At	BSE, NSE

Share Reservation

Investor Category	Shares Offered
QIB	50%
Retail	35%
NII/HNI	15%

About Lumino Industries Limited Company

Lumino Industries Limited is an integrated EPC player in India, focusing on manufacturing and supplying conductors, power cables, electrical wires, and specialized components for the power distribution and transmission industry. They are the fastest-growing player in the sector with a focus on manufacturing. Operating with a product-driven business model, Lumino leverages over three decades of experience to design, engineer, and distribute specialized products.

The company's manufacturing segment includes aluminum conductors, power cables, and electrical wires under the 'Lumicon' brand. Lumino operates two manufacturing facilities in West Bengal with a combined capacity of 40,000 MT of aluminum consumption per year. An expansion is underway to further increase production capabilities.

Lumino's EPC segment covers power distribution and transmission, EHV substations, re-conductoring with HTLS conductors, railway electrification, and solar power projects. They serve clients in India and internationally, including government-owned entities in the USA, Nepal, Bangladesh, and Africa.

In FY24, Lumino Industries Ltd had an impressive Asset Turnover Ratio of 18.80, the highest among considered peers. They also held the second highest PAT margin of 6.07% and the second highest RoE% of 21.52%.

Lumino Industries Limited Financial Details

Period Ended	30 Sep 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	1,618.06	1,176.74	851.14	697.34
Revenue	969.62	1,427.03	773.16	16.91
Profit After Tax	63.78	6.61	19.43	3.74
Net Worth	502.35	438.99	352.47	333.06
Reserves and Surplus	477.22	413.86	327.34	320.11
Total Borrowing	769.97	442.27	305.43	199.95

₹ In Crore

Key Performance Indicator

Basic EPS (in ₹)	Return on Net Worth (RoNW)	Net Asset Value (NAV)	Debt-Equity Ratio	Return on Equity (ROE)	Return on Capital Employed (ROCE)
3.56	21.52	18.30	0.69	21.52	19.60

Offer Objectives

The Offer consists of a Fresh Issue of Equity Shares aggregating up to ₹600 crore and an Offer for Sale of Equity Shares aggregating up to ₹400 crore by the Selling Shareholders. The company will not receive any proceeds from Offer for sale.

Objects of the Fresh Issue: The company proposes to utilize the Net Proceeds from the fresh issue towards:

Prepayment or repayment of borrowings: Up to ₹420 crore is allocated for this purpose.
Capital Expenditure: ₹15.083 crore is allocated for the purchase of equipment, machinery, civil works, and interior development of an existing manufacturing facility.
General Corporate Purposes: A portion of the net proceeds will be utilized, not exceeding 25% of the Gross Proceeds.

The estimated net proceeds from the Fresh Issue are ₹[●] million, after deducting Offer-related expenses. A Pre-IPO Placement of up to ₹120 crore may be considered. The proposed deployment of Net Proceeds includes ₹420 crore towards repayment of borrowings, ₹15.083 crore for capital expenditure in fiscals 2026 and 2027, and a yet-to-be-finalized amount for general corporate purposes.

As of December 31, 2024, the company's total sanctioned borrowing amount was ₹177.8311 crore, with outstanding borrowings of ₹152.5024 crore. The selection of borrowings for prepayment/repayment will be based on factors like interest rates, prepayment penalties, and lender consents.