Lumino Industries fixes IPO price band at Rs 78-82/share, issue to open on Aug 27
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The Rs 700-crore issue will open for subscription on August 27, and close on August 31, the Kolkata-based company said in a statement. The offer comprises a fresh issue of equity shares aggregating up to Rs 500 crore and an offer-for-sale of up to Rs 200 crore by promoters. Of the fresh issue proceeds, Rs 337 crore will be used for prepayment or repayment, in full or part, of certain outstanding borrowings, Rs 15.01 crore for capital expenditure towards purchase of equipment, machinery and civil works at an existing manufacturing facility, and the remainder for general corporate purposes, it said. The company is a product-driven, integrated engineering, procurement and construction (EPC) player with focus on manufacturing and supplying conductors, power cables and electrical wires. The equity shares are proposed to be listed on the BSE and NSE. (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
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