Shares of Lumino Industries listed with 34% premium over the IPO price on Thursday. The stock opened at Rs 110 and Rs 109 on NSE and BSE, respectively, as compared to its issue price of Rs 82.
The Rs 700-crore public issue, which opened for subscription on August 27 and closed on August 31, received an overwhelming response from investors, getting subscribed 124.02 times overall. The retail portion was subscribed 40.27 times, while non-institutional investors (NIIs) placed bids for 185.21 times the shares on offer. Qualified institutional buyers (QIBs) emerged as the biggest drivers of demand, with their portion subscribed a staggering 232.79 times.
