Lumino Industries IPO
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Lumino Industries IPO details
About Lumino Industries
Lumino Industries operates in the power EPC sector in India, with a focus on manufacturing high-quality conductors, power cables, and electrical wires. The company added EPC services, integrating these capabilities for better efficiency. It serves a diverse range of clients, including government utilities, and has a presence in international markets such as Rwanda. Lumino’s operations are supported by two manufacturing facilities in India, committed to maintaining quality standards.
Financials of Lumino Industries
*All figures are in ₹ Crores.
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹1000 crores |
| Fresh Issue | ₹600 crores |
| Offer for sale | ₹400 crores |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Capital expenditure | 15.08(2.5%) |
| Repayment of outstanding borrowings | 420(70%) |
| General corporate purposes | (not above 25% of gross proceeds) |
Strengths
- Leading player in the power EPC industry with strategic integration.
- Strong manufacturing capabilities enhance EPC project efficiency.
- Diverse product range supports various industrial applications.
- Significant growth in revenue from operations between 2022-2024.
- Strategic partnerships enhance global project and market presence.
Risks
- Delay penalties impact project schedules and financial performance.
- Regulatory non-compliance risks business operations and cash flows.
- Rising energy costs could increase manufacturing expenses significantly.
- Labour disputes may disrupt operations and affect profitability.
- Exchange rate fluctuations impact export revenue and profitability.