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The Economic Times

Ritesh Presswala

Lumino Industries IPO Day 2: GMP signals 68% listing gains, issue booked nearly 5 times. Should you subscribe?

Lumino Industries IPO GMP Anand Rathi EPC

The Rs 700 crore Lumino Industries IPO entered its second day of bidding amid strong investor demand, with a robust grey market premium adding to the buzz around the issue. The IPO’s grey market premium (GMP) has climbed to 68%, up from 61% earlier, signalling expectations of a potentially strong listing gain.

Investor appetite was clearly visible on the opening day. The IPO was subscribed 4.87 times overall, with bids received for the issue against 6.32 crore shares on offer.

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