Lumino Industries is the next major IPO to watch, with its public issue scheduled to open on August 27. The company plans to raise around Rs. 700 cr., with a price band of Rs. 78–82 per share.
The issue comprises a fresh issue of up to Rs. 500 cr. and an offer for sale of up to Rs. 200 cr. The company operates in the electrical and power-infrastructure segment, giving investors exposure to India’s expanding transmission and infrastructure requirements.
With the IPO scheduled to open shortly, investors will be watching the company’s financials, valuation and institutional interest before deciding whether the issue offers attractive long-term potential.
