Lumino Industries Limited Raises Rs 206.99 Crore from Anchor Investors

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Mumbai, August 25, 2026: Lumino Industries Limited, which is a product-driven integrated engineering, procurement and construction (EPC) player in India, has garnered Rs 206.99 crore from anchor investors ahead of its initial public offering, which opens for public subscription on Thursday, August 27, 2026.
 
The company informed the bourses that it allocated 25,243,901 equity shares at Rs 82 per share to anchor investors.
 
Some of the marquee institutions that participated in the anchor include Citigroup Global Markets Mauritius Private Limited, SBI General Insurance Company Limited, Bajaj Life Insurance Limited, Silver Stride India Global Fund and 3PIM India Equity (IFSC) Fund, amongst others.
 
Amongst equity-oriented schemes, the company has allocated shares to HDFC Large and Mid Cap Fund, Motilal Oswal Large Cap Fund and Kotak Mahindra Trustee Co Ltd A/C Kotak Manufacture In India Fund, amongst others.
 
Out of the total allocation of 25,243,901 equity shares to the anchor investors, 18,071,114 equity shares were allocated to 7 domestic mutual funds through 22 schemes.
 
Motilal Oswal Investment Advisors, JM Financial and Monarch Networth Capital are the book running lead manager to the issue, and Bigshare Services Private Limited is the registrar of the offer.
 
The equity shares are proposed to be listed on NSE and BSE.
 
IPO Details
 
Lumino Industries Limited has fixed the price band of Rs 78 to Rs 82 per Equity Share of face value Rs. 5/- each for its maiden initial public offer.
 
The Initial Public Offering (“IPO” or “Offer”) of the Company will open on Thursday, August 27, 2026, for subscription and close on Monday, August 31, 2026.
 
Investors can bid for a minimum of 182 Equity Shares and in multiples of 182 Equity Shares thereafter.
 
The offer, with a face value of Rs 5 per equity share, comprises a fresh up to Rs 500 crore and an offer-for-sale up to Rs 200 crore by promoters – Devendra Goel and Jay Goel.
 
The proceeds from its fresh issuance worth Rs 337 crore will be utilised for prepayment or re-payment, in full or in part, of certain outstanding borrowings availed by the company, Rs 15 crore for capital expenditure by the company for purchase of equipment and machinery, civil works and interior development of an existing manufacturing facility, and general corporate purposes.
 
The Offer is being made through the book-building process, in compliance with SEBI ICDR Regulations, wherein not more than 50% of the net offer will be available for allocation to qualified institutional buyers (QIBs), not less than 15% to non-institutional bidders (NIIs), and not less than 35% to retail individual bidders (RIIs).

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