Lumino Industries shares debut with 45% grey market premium

economictimes.indiatimes.com

Lumino Industries shares debut on September 3, 2026, with a 45% grey market premium signaling a strong listing after its Rs 700-crore IPO was subscribed 124 times. The IPO, priced at Rs 78–Rs 82 per share, saw QIBs subscribe 232.79 times, NIIs 185.21 times, and retail 40.27 times. The issue included a Rs 500-crore fresh issue and a Rs 200-crore offer for sale by promoters. Proceeds will repay about Rs 337 crore in debt and fund Rs 15 crore in capital expenditure. The company's FY26 profit rose 28% to Rs 160 crore, with a P/E ratio well below the industry average.


With a significance score of 1.1, this news ranks in the top 50% of today's 31231 analyzed articles.

Get summaries of news with significance over 5.5 (usually ~10 stories per week). Read by 10,000+ subscribers:


Lumino Industries shares debut with 45% grey market premium | News Minimalist