Lumino Industries has fixed the price band for its Rs 700 crore initial public offering (IPO) at Rs 78 to Rs 82 per equity share, setting the stage for the company's public market debut. The IPO will open for subscription on August 27, 2026, and close on August 31, 2026, while anchor investor bidding is scheduled for August 25.
The IPO comes at a time when Lumino Industries is looking to strengthen its balance sheet and expand its manufacturing capabilities. Of the Rs 700 crore issue, Rs 500 crore will come through a fresh issue of 6.10 crore shares, while Rs 200 crore will be raised through an offer for sale (OFS) of 2.44 crore shares by promoter shareholders Devendra Goel and Jay Goel.
