Kolkata-based Lumino Industries, a key manufacturer of conductors, power cables, and electrical wires, has filed draft papers with SEBI to raise \u20b91,000 crore through an Initial Public Offering (IPO).<\/p>\n\n\n\n
The IPO includes a fresh issue of \u20b9600 crore and an offer-for-sale (OFS) of \u20b9400 crore by promoters Devendra Goel and Jay Goel. In addition, the company may raise \u20b9120 crore in a pre-IPO round. If that round is completed, it will be deducted from the fresh issue amount.<\/p>\n\n\n\n
Of the fresh issue proceeds, \u20b9420 crore would be utilised for debt repayment. \u20b915.08 crores is proposed for buying equipment, civil works, and facility upgradations.<\/p>\n\n\n\n
Lumino Industries caters to all major EPC players in India, including some international companies and also Montgomery companies like Kalpataru Projects International, Jackson, and Monte Carlo. The company’s order book as of September 2024 stood at \u20b91,803.5 crore, comprising both domestic and international projects; the latter in the US, Nepal, and several African countries.<\/p>\n\n\n\n
The company recorded robust growth in FY24, with a 346% jump in profit to \u20b986.6 crore from \u20b919.4 crore in FY23. Revenue also surged by 85.1%, reaching \u20b91,407.3 crore compared to \u20b9760.2 crore the previous fiscal. For the six months ending September 2024, Lumino Industries reported a profit of \u20b963.7 crore on revenue of \u20b9947.6 crore.<\/p>\n\n\n\n
Do you have a news tip for Lakshmishree reporters? Please email us at media@lakshmishree.com<\/a> Kolkata-based Lumino Industries, a key manufacturer of conductors, power cables, and electrical wires, has filed draft papers with SEBI to raise \u20b91,000 crore through an Initial Public Offering (IPO). The IPO includes a fresh issue of \u20b9600 crore and an offer-for-sale (OFS) of \u20b9400 crore by promoters Devendra Goel and Jay Goel. In addition, the […]<\/p>\n","protected":false},"author":1,"featured_media":5972,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[50],"tags":[934],"class_list":["post-5971","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-indian-market","tag-lumino-industries-ipo"],"_links":{"self":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/5971","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/comments?post=5971"}],"version-history":[{"count":1,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/5971\/revisions"}],"predecessor-version":[{"id":5973,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/5971\/revisions\/5973"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media\/5972"}],"wp:attachment":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media?parent=5971"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/categories?post=5971"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/tags?post=5971"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
Source: Moneycontrol<\/a><\/sup><\/sub><\/p>\n","protected":false},"excerpt":{"rendered":"