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Lumino Industries IPO Day 3: GMP jumps to 74%,subscription hits 4.87 times. Should you subscribe?
Economic Times — Markets✓
Original Reporting
AI EXECUTIVE SUMMARY
Lumino Industries’ Rs 700-crore IPO entered its final day of bidding with the issue subscribed 4.87 times on Day 2, while its grey market premium (GMP) climbed to 74%, indicating strong investor sentiment ahead of the expected September 3 listing. The IPO is priced at Rs 78–82 per share, with proceeds largely earmarked for debt repayment and capacity expansion.
Lumino Industries’ Rs 700-crore IPO entered its final day of bidding with the issue subscribed 4.87 times on Day 2, while its grey market premium (GMP) climbed to 74%, indicating strong investor sentiment ahead of the expected September 3 listing. The IPO is priced at Rs 78–82 per share, with proceeds largely earmarked for debt repayment and capacity expansion.
This story was originally reported by Economic Times — Markets. As an automated real-time news aggregator, NewsToolBar provides multi-perspective indexing and AI summarization while directing full readership directly to primary publisher sources.
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