Lumino Industries submitted draft papers with SEBI for an IPO worth ₹1,000 crore

Lumino Industries IPO date is not announced yet. Lumino Industries is a book built issue and have plan to raise around ₹1000 crores via IPO that comprises fresh issue of ₹600 crore and offer for sale up to [.] Equity Shares with face value of 5 each. The retail quota is 35%, QIB is 50%, and HNI is 15% as per DRHP. The IPO to list on NSE and BSE.
Lumino Industries IPO

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 EndedRevenueExpenseProfit 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

CompanyEPSPE RatioRoNW %NAVIncome
Apar Industries Limited212.1047.3527.01964.3516,239.41 Cr.
Bajel Projects Limited0.37683.780.7649.111,194.51 Cr.
Kalpataru Projects International Limited31.3738.3613.24254.7919,690.42 Cr.
KEC International Limited13.4973.389.53147.9619,966.58 Cr.
KEI Industries Limited64.2563.9620.26348.708,153.10 Cr.
Universal Cables Limited31.1924.566.62511.542,044.27 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
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