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The Economic Times

Business

Ritesh Presswala

Lumino Industries IPO opens with GMP signalling 61% listing gains. Should you bid?

Lumino Industries IPO Anand Rathi

The much-awaited Rs 700 crore Lumino Industries IPO opened for subscription today, August 27. The grey market is signalling strong investor interest, with the issue currently commanding a 61% premium over its issue price, raising expectations of substantial listing gains.

The company has set the IPO price band at Rs 78–82 per equity share, paving the way for its debut on the public markets.

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