IPO Listed — 03 Sep 2026

Listing Price: ₹110 (+34.15% vs ₹82)

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Lumino Industries IPO Review

Q: What does the score of 100 mean for Lumino Industries IPO?

The score of 100 is an aggregate of all analyst ratings tracked for Lumino Industries IPO. A score in this range indicates strong analyst confidence — most analysts are recommending a subscribe.

Q: What was the actual listing price of Lumino Industries IPO?

Lumino Industries IPO listed on September 3, 2026 at ₹110, against the issue price of ₹82 — a gain of +34.15% (₹28 per share).

Q: What is the price band and lot size of Lumino Industries IPO?

Lumino Industries IPO is priced at ₹78-82 per share. The minimum lot size is 182 shares, making the minimum investment approximately ₹14,924 at the upper end of the price band. Subscription ran from 27 Aug 2026 to 31 Aug 2026.

Lumino Industries IPO has been reviewed by 7 analysts, and the overall consensus is Strong Apply — carrying a score of 100. Out of the 7 analysts who have covered this IPO, 7 recommend subscribing — reflecting a mixed view from the analyst community.

The issue is priced in the band of ₹78-82 per share , with a minimum application size of 182 shares (minimum investment of approximately ₹14,924 at the upper band) . Subscription ran from 27 Aug 2026 to 31 Aug 2026. As of now, the grey market premium (GMP) for Lumino Industries IPO is quoting at ₹38 (46.34%), which gives a preliminary sense of how the street is pricing the listing — though GMP is unofficial and can swing sharply before the listing date. Scroll down for the full analyst breakdown and analyst-wise verdicts.

General Review

Lumino manufactures conductors, power cables and HTLS conductors and also executes power transmission and distribution EPC projects, having built about 80,000 km of distribution lines, 44 substations and 41.03 MW of solar. FY26 operating EBITDA margin was 11.71 percent with ROE of 21.9 percent. All six analysts covering the issue said subscribe, making it the only current issue with full agreement.

Listing Gains

On price this looks the most attractive of the current issues. At ₹82 the stock comes at just 12 to 16 times FY26 earnings with market cap near ₹2,497 crore, while listed peers trade between 19 and 83 times. Every analyst called the valuation reasonable and none flagged it as costly. A healthy listing gain looks likely.

Short Term Strategy

The next few quarters look well covered. An order book of ₹3,149.88 crore, split as ₹1,991.98 crore in EPC and ₹1,157.90 crore in manufacturing, is more than a year of revenue. Part of the proceeds prepays borrowings, cutting finance cost, and margin should improve as higher value EHV substation work rises in the mix. The short-term outlook is positive.

Long Term Strategy

The long-term runway is the strongest among current issues. Power sector investment is projected to rise from ₹19.2 trillion over FY22 to FY26 to ₹37 to 42 trillion over FY27 to FY31, with ₹4 to 5 trillion in transmission alone, directly driving conductor and HTLS demand. The main risk is dependence on state electricity boards, at 53.12 percent of FY26 revenue.

Disclaimer: This review is an AI summary derived from the reviews of all analysts.

Analyst Verdict & Score
Detailed Review
Analyst Reviews
Frequently Asked Questions

Analyst Sentiment

Analytical Score

How it's calculated?

Strong Apply

100 / 100

Recommend Subscribe

Based on 7 analyst reviews

7 / 7

Higher consensus indicates broader analyst agreement.

Analyst Review

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Frequently Asked Questions

Should I apply for Lumino Industries IPO?

Based on analyst coverage tracked on this page, the overall verdict for Lumino Industries IPO is Strong Apply. Out of 7 analysts who have reviewed this IPO, 7 recommend subscribing. Always cross-check with the full analyst reviews below and consult a SEBI-registered advisor before making any investment decision.

What does the score of 100 mean for Lumino Industries IPO?

The score of 100 is an aggregate of all analyst ratings tracked for Lumino Industries IPO. A score in this range indicates strong analyst confidence — most analysts are recommending a subscribe. Scroll down to read individual analyst verdicts for more context.

What was the actual listing price of Lumino Industries IPO?

Lumino Industries IPO listed on September 3, 2026 at ₹110 , against the issue price of ₹82 — a gain of +34.15% (₹28 per share). View the full GMP history page for day-wise pre-listing trends.

What is the price band and lot size of Lumino Industries IPO?

Lumino Industries IPO was priced at ₹78-82 per share. The minimum lot size is 182 shares, making the minimum investment approximately ₹14,924 at the upper end of the price band. Subscription ran from 27 Aug 2026 to 31 Aug 2026.

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Disclaimer: Grey Market Premium (GMP) is for information purposes and is not a guarantee of listing price. Always consult your financial advisor before investing.