Lumino Industries Limited has raised ₹700 crore from an initial public offering of equity shares which comprised a fresh issue and an offer for sale by the promoter selling shareholders.
Trilegal advised Lumino Industries and the promoter selling shareholders Devendra Goel and Jay Goel.
The transaction was led by Abhinav Maker (Partner) with support from Maniya Goyal (Senior Associate), Associates Ipsita Sahoo, Varda Saxena, and Tejas Kothari; and Saloni Mehta (Trainee Associate).
Lumino Industries is a product-driven integrated engineering, procurement and construction player in India, with a strong focus on manufacturing and supplying conductors, power cables, electrical wires, and other specialised products and components to the growing power transmission and distribution industry in India.
The IPO was oversubscribed 124 times overall and 232 times in the QIB category.
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