Lumino Industries IPO details
Lumino is one of the leading companies in terms of EPC services, engineering, procurement, and construction in India, and now it has decided to launch an IPO worth 1000 crore with a combination of a fresh issue of Rs 600 crore and a face value of ₹5 each share. OFS is ₹400 crore by Promoter Selling Shareholders. Moreover, it also has reservations for an eligible employee.
Lumino Industries OFS details
In this OFS process, ₹300 crore shares would be sold by Devendra Goel and up to ₹100 crore by Jay Goel.
Lumino Industries Funds Deployment
IPO Proceed ₹420 crore will be utilized to reduce the debt of this company. An extra ₹15.08 crore will be used to buy equipment and machinery, do construction work, improve the interior of an existing factory, and cover other general business expenses.
Lumino Industries IPO lead managers and register
JM Financial Ltd, Monarch Network Capital Ltd, and Motilal Oswal Investment Advisors Ltd are the lead managers, while Bigshare Services Private Ltd is addressed as the registrar of the issue. Pre-IPO placement equity shares aggregating up to Rs 120 crore might be considered.
About Lumino Industries
Lumino Industries is one of the top companies in terms of supplying cautious products such as power cables, electrical wires, and special components for the power distribution and transmission industry. Further,
This firm has a good reputation in the market and has peer group companies like Apar Industries, Bajel Projects, JSK Industries, Kalpataru Projects, KEC International, KEI Industries, Sterlite Power Transmission, and Universal Cables. From FY22 to FY24, Lumino Industries was the third fastest-growing company in terms of Operating EBITDA among its competitors.
Lumino Industries generated good revenue of 85.12% in FY 2024(₹1,407.31 crore) in contrast to 2023. Its profit also increased significantly, rising to ₹86.61 crore in FY 2024 from ₹19.40 crore the previous year.
Lumino Industries IPO Prospectus:
DRHP Draft Prospectus: | Click Here |
RHP Draft Prospectus: | To be Updated Soon |
Lumino Industries Company Financial Report
Amount ₹ in Crores
Period Ended | Revenue | Expense | Profit After Tax |
2022 | ₹616.91 | ₹571.39 | ₹33.74 |
2023 | ₹773.10 | ₹746.52 | ₹19.40 |
2024 | ₹1427.03 | ₹1311.07 | ₹86.63 |
September 2024 | ₹969.62 | ₹884.19 | ₹64.31 |
Lumino Industries IPO Valuation – FY2024
Lumino Industries IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
Earning Per Share (EPS): | ₹3.56 (Basic) |
Price/Earning P/E Ratio: | N/A |
Return on Net Worth (RoNW): | 21.52% |
Net Asset Value (NAV): | ₹18.30 |
Peer Group Comparison
Company | EPS | PE Ratio | RoNW % | NAV | Income |
Apar Industries Limited | 212.10 | 47.35 | 27.01 | 964.35 | 16,239.41 Cr. |
Bajel Projects Limited | 0.37 | 683.78 | 0.76 | 49.11 | 1,194.51 Cr. |
Kalpataru Projects International Limited | 31.37 | 38.36 | 13.24 | 254.79 | 19,690.42 Cr. |
KEC International Limited | 13.49 | 73.38 | 9.53 | 147.96 | 19,966.58 Cr. |
KEI Industries Limited | 64.25 | 63.96 | 20.26 | 348.70 | 8,153.10 Cr. |
Universal Cables Limited | 31.19 | 24.56 | 6.62 | 511.54 | 2,044.27 Cr. |
Objects of the Issue
- Prepayment or re-payment, in full or in part, of certain outstanding borrowings availed by our Company;
- Capital expenditure by our Company for purchase of equipment and machinery, civil works and interior development of an existing manufacturing facility; and
- General corporate purposes.
IPO Lead Managers aka Merchant Bankers
- Motilal Oswal Investment Advisors Limited
- JM Financial Limited
- Monarch Networth Capital Limited