Lumino Industries opens its IPO today, August 27. The mainboard issue will remain open until August 31, with a price band of Rs. 78–82 per share. The IPO is scheduled to list on September 3.
Lumino is among the fresh primary-market opportunities arriving as India’s IPO pipeline remains crowded. Investors will be evaluating the company’s business prospects, financial performance and valuation against other companies operating in the power and electrical-infrastructure space.
The IPO is also notable because it comes at a time when India’s electricity transmission and infrastructure requirements are expanding, potentially creating a favourable long-term environment for electrical-equipment manufacturers.
