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Shares of Lumino Industries made a strong debut on the stock exchanges on Wednesday, September 3, listing at ₹110 per share against the IPO issue price of ₹82. The listing represents a gain of approximately 34.15% for investors who received shares in the initial public offering (IPO).
The strong Lumino Industries IPO listing comes after the issue received overwhelming demand from investors, with the public offer subscribed 123.79 times overall. The heavy oversubscription, particularly from qualified institutional buyers (QIBs) and non-institutional investors (NIIs), had indicated strong investor interest ahead of the market debut.
Lumino Industries Share Listing Details
| Particulars | Details |
|---|---|
| IPO Issue Price | ₹82 |
| Listing Price | ₹110 |
| Listing Gain | About 34% |
| Overall Subscription | 123.79 times |
| IPO Dates | August 27 to August 31 |
| Allotment Date | September 1 |
| Listing Date | September 3 |
| Registrar | Bigshare Services |
At the ₹110 listing price, investors who were allotted shares in the IPO gained ₹28 per share compared with the issue price of ₹82. This translates into a listing gain of around 34.15%.
Lumino Industries IPO Subscription Reaches 123.79 Times
The strong debut was supported by exceptionally high subscription demand during the IPO. The Lumino Industries IPO was subscribed 123.79 times overall, with institutional and non-institutional investors showing particularly strong interest.
The qualified institutional buyers (QIB) category was subscribed 232.79 times, while the non-institutional investor (NII) category was subscribed 185.02 times.
Within the NII segment, the larger NII category was subscribed 201.78 times, while the smaller NII category saw subscription of 151.50 times.
The retail individual investor (RII) portion was subscribed 39.88 times, while the employee portion was subscribed 12.24 times.
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