EPC firm Lumino Industries files draft papers with Sebi for Rs 1,000 cr IPO

Quick Summary:

Lumino Industries, an EPC company specialising in conductors, power cables, and power EPC projects, has filed its draft red herring prospectus (DRHP) with SEBI to raise Rs 1,000 crore through an initial public offering (IPO).

In addition, the Kolkata-based company, in consultation with the book-running lead managers (BRLMs), may consider a pre-IPO placement of equity shares aggregating up to Rs 120 crore.

The IPO comprises a mix of a fresh issue of shares worth Rs 600 crore and an offer-for-sale (OFS) of Rs 400 crore by promoters.

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Category: BusinessFinance

Markets: India

Topics: Lumino Industries IPO Recent IPO Lumino Industries Initial public offering

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-21 @ 18:50:47 (14 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 217 words

Reading Time: 2 minutes read

Sentences: 10 lines

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Copyright Owner: © Business Standard

News ID: 25322223

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