# Lumino Industries IPO opens today at Rs 78-82 per share 2026-08-26T04:16:34+00:00 | Business & Economy | Indian Opinion Desk Corroboration: 1 independent outlet Lumino Industries launched its initial public offering on August 27, 2026, with a price band of Rs 78 to Rs 82 per share. The IPO, which closes on August 31, comprises a fresh issue of up to Rs 500 crore and an offer-for-sale of up to Rs 200 crore by promoters Devendra Goel and Jay Goel. Investors can bid for a minimum of 182 shares. Of the net offer, 50% is reserved for qualified institutional buyers, 15% for non-institutional bidders, and 35% for retail investors. The company will use Rs 337 crore from fresh proceeds to repay debt, Rs 15 crore for capital expenditure, and the rest for general purposes. Anchor investors have already subscribed to 25.24 crore shares at Rs 82 each, raising Rs 207 crore. Sushil Finance has recommended a 'subscribe' rating. ## Indian Opinion Analysis The IPO market in India has seen a surge in 2026, with over Rs 60,000 crore raised through main-board issues by August, driven by strong retail demand and a buoyant secondary market. Lumino Industries operates in the power transmission and distribution EPC space, a sector that benefits from the government's Rs 9 lakh crore National Infrastructure Pipeline and the Revamped Distribution Sector Scheme. The company uses 23% of its inputs from in-house manufacturing, which is higher than the industry average of about 10-12%, giving it a cost and margin advantage. The proceeds are primarily for debt repayment, which could improve its return on net worth from the current estimated level of 15%, based on the FY26 earnings. The bidding closes on August 31, and the final issue price will be determined after that. ## Coverage - thehindubusinessline.com Led with all factual details and broker recommendation, no critical framing. This brief was synthesised by AI from the source linked above. Tags: BSE, IPO, Lumino Industries, Motilal Oswal, NSE, Sushil Finance Canonical: https://indianopinion.org/lumino-industries-ipo-opens-today-at-rs-78-82-per-share/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/lumino-industries-ipo-opens-today-at-rs-78-82-per-share/#story-in-brief How this brief was made: an AI model read the report linked above and wrote this summary and analysis, which were published automatically. Published briefs are sampled every hour by an automated quality check; the editor verifies its findings and approves corrections, and corrected briefs carry a dated correction line. We do no original reporting. Methodology: https://indianopinion.org/ai-use-policy/