Lumino Industries IPO
MainboardLumino Industries is an integrated power infrastructure player engaged in manufacturing overhead transmission conductors, power cables, and executing EPC projects in power transmission and distribution.
Verdict: Neutral
Est. GMP
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Price range
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Lot size
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Issue size
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Allotment
01 Sept
Listing
03 Sept
Review
1. Grey market premium
★★★★★Grey market activity remains unavailable or muted post-bidding.
2. Company financials
★★★★★Topline has grown steadily backed by government electrification schemes, but margins remain slim due to raw material dependency.
3. Subscription status
★★★★★Subscription metrics were not formally detailed at close.
4. Anchor investors
★★★★★Institutional anchor interest reflects standard participation in power equipment manufacturing.
Company financials
Amount ₹ in Crores
| Period ended | Revenue | Expense | EBITDA | PAT | Assets |
|---|---|---|---|---|---|
| FY22 | ₹812.45 | ₹786.10 | ₹48.20 | ₹18.30 | ₹610.50 |
| FY23 | ₹1,048.12 | ₹1,002.30 | ₹72.40 | ₹31.15 | ₹725.80 |
| FY24 | ₹1,320.60 | ₹1,255.40 | ₹96.50 | ₹44.80 | ₹890.20 |
Subscription
Anchor investors
Anchor book details pending.
Anchor allocation details were not disclosed.
Risks
- ConcentrationHigh revenue reliance on government power distribution utilities and tender-based orders.
- FinancialHigh working capital intensity with elevated receivables common to power EPC businesses.
- CyclicalSusceptibility to raw material price volatility, particularly aluminum and copper.