Lumino Industries IPO
Lumino Industries IPO is a mainboard IPO raising ₹700 Cr at ₹78 – ₹82 a share. It listed on 3 Sept 2026 at ₹110, +34.1% against its issue price of ₹82, and trades at ₹108 today (+31.6% since issue). It was subscribed 118× in total.
118.1 times more demand than shares on offer
populated partly populated we hold nothing here — the tab says why
Who bid for it
| Investor category | Shares offered | Shares bid for | Subscribed |
|---|---|---|---|
| QIB Banks, funds and other large institutions | 1,76,92,307 | 3,91,76,11,516 | 221× |
| Foreign Institutional Investors | no separate quota | 66,96,79,738 | n/a |
| Domestic Financial Institutions | no separate quota | 2,00,27,09,436 | n/a |
| Mutual funds | no separate quota | 13,68,44,344 | n/a |
| Others | no separate quota | 1,10,83,85,824 | n/a |
| Non-institutional Wealthy individuals and companies bidding above ₹2 lakh | 1,32,69,231 | 2,34,10,20,318 | 176× |
| Non Institutional Investors | 88,46,154 | 1,69,89,86,016 | 192× |
| Corporates | no separate quota | 2,15,24,958 | n/a |
| Individuals | no separate quota | 1,60,40,44,442 | n/a |
| Others | no separate quota | 7,34,16,616 | n/a |
| Non Institutional Investors | 44,23,077 | 64,20,34,302 | 145× |
| Corporates | no separate quota | 17,13,530 | n/a |
| Individuals | no separate quota | 61,88,02,366 | n/a |
| Others | no separate quota | 2,15,18,406 | n/a |
| Retail Ordinary investors bidding up to ₹2 lakh | 3,09,61,538 | 1,19,20,79,980 | 39× |
| Cut Off | no separate quota | 1,01,97,43,998 | n/a |
| Price bids | no separate quota | 17,23,35,982 | n/a |
| Employees | 12,82,051 | 1,52,40,316 | 12× |
| Cut Off | no separate quota | 1,18,98,978 | n/a |
| Price Bids | no separate quota | 33,41,338 | n/a |
| Total | 6,32,05,127 | 7,46,59,52,130 | 118× |
Sub-categories read no separate quota rather than a dash: the exchange publishes bids at that level but never a reservation against them, so a subscription multiple does not exist — it is not missing data. Bids across both exchanges (NSE and BSE) — the figure usually quoted publicly. Last updated 31 Aug, 07:16 pm IST.
Where the bids landed
Demand barely changes across the price band — bidders were not price-sensitive. 14% of the book was bid at cut-off — investors who accept whatever price is set.
Cumulative shares bid for at each price, across both exchanges. “Cut-off” means the investor accepts whatever final price is set — mostly small retail applications. A band where demand barely changes between the low and high price tells you bidders were not price-sensitive.
How demand built
Our own series — the exchanges publish a running total and never a history.26 readings held.
Institutions typically enter the book on the final day, which is why a day-one subscription figure tells you very little.