Lumino Industries IPO

Power Transmission & Distribution (Conductors/Cables/EPC) - Listed on 03 September 2026

+34.1% listing gain
Issue Price (Upper)
Rs 82
Listing Price
Rs 110
Closing Price (NSE)
Rs 110.32
Total Subscription
52.91x

Lumino Industries IPO listing summary

Lumino Industries (Power Transmission & Distribution (Conductors/Cables/EPC)) closed its IPO window in 2026 and listed on NSE and BSE on 03 September 2026 at an upper band issue price of Rs 82, opening at Rs 110 for a listing gain of +34.1% and closing day one at Rs 110.32 (+34.5% on closing basis). The IPO was subscribed 52.91x overall - QIB 34.88x, HNI/NII 137.54x, Retail 29.12x. The total issue size was Rs 700 Cr (Fresh Issue Rs 500 Cr, OFS Rs 200 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.

Listing day performance

Listing Gain (Open)
+34.15%
Listing Gain (Close)
+34.54%
Day Change After Listing
+0.29%
Retail Quota
35.0%

Subscription breakdown

Final (Day 3) subscription

Number of times each investor category subscribed by close of Day 3.

QIB34.88x
HNI / NII137.54x
Retail29.12x
Overall52.91x

Day-wise overall subscription

How overall subscription built up across the three-day issue window.

Day 11.48x
Day 25.08x
Day 3 (Final)52.91x

Lumino Industries IPO GMP history

Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.

DayGMP (Rs)GMP %
Day 1Rs 40+48.78%
Day 2Rs 50+60.98%
Day 3Rs 54+65.90%
Day 4Rs 56+68.29%
Day 5Rs 55+67.07%

GMP Prediction vs IPOGyani AI Prediction

Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.

GMP Prediction Range
48.8%-68.3%
IPOGyani AI Prediction
61.1%
Actual Listing Gain
+34.1%

Prediction Accuracy: 26.9 pp (Variance observed)

Issue & financials

Issue SizeRs 700 Cr
Fresh IssueRs 500 Cr
OFSRs 200 Cr
IPO PE15.62
Peer / Sector PE48.69
PE vs Sector Ratio0.32
Latest EBITDA (Cr)11.71
Debt / Equity0.53

Market context at listing

How the broader market moved around the Lumino Industries IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.

Nifty 3D Return-0.86%
Nifty 1W Return-1.25%
Nifty 1M Return-1.14%
Nifty during IPO window-1.25%

Lumino Industries IPO - FAQs

What was the listing gain of Lumino Industries IPO?

Lumino Industries IPO listed at +34.1% versus the upper issue price of Rs 82 on 03 September 2026.

How many times was Lumino Industries IPO subscribed?

Lumino Industries IPO was subscribed 52.91x overall. QIB portion was subscribed 34.88x, HNI / NII 137.54x and Retail 29.12x.

What was the IPO GMP for Lumino Industries?

IPO GMP started at Rs 40 on Day 1 and moved to Rs 55 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.

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