Lumino Industries’ shares surged as much as 6 % on Monday, October 12, reaching an intraday high of ₹107.29 after the newly listed company announced it had secured new orders. The company said it had won a fresh order worth ₹496 crore since its initial public offering last month. Of that amount, 68 % – ₹339 crore – is earmarked for manufacturing, while the remaining 32 % – ₹157 crore – is for EPC work. The announcement lifted investor sentiment and pushed the stock higher on the National Stock Exchange.

The order comprises 68 % manufacturing and 32 % EPC. The manufacturing portion, valued at ₹339 crore, covers conventional and high‑performance conductors, as well as high‑temperature low‑sag (HTLS) conductors. The EPC segment, worth ₹157 crore, includes an underground distribution network upgrade in India. Lumino said the EPC order will involve civil works, interior development of a manufacturing unit and the purchase of machinery and equipment. The company highlighted that the new orders will strengthen its order book to ₹3,215 crore across both segments.

Lumino’s product range spans conductors and cables for the power transmission and distribution (T&D) sector and other industries. Conductor orders include conventional and high‑performance conductors, while cable orders cover high‑temperature low‑sag (HT) cables, low‑temperature (LT) cables and railway signalling cables. The company supplies these products to large EPC players such as Kalpataru Projects International, Jackson, KGN Electricals, WRSS XXI(A) Transco, Warora Kurnool Transmission, RS Infraprojects and Monte Carlo. Lumino also manufactures high‑temperature low‑sag conductors used in distribution and transmission lines across India.

Managing Director Devendra Goel said the company will focus on high‑performance products, especially HTLS conductors, to meet the growing demand for higher power transfer capacity across power transmission and distribution, railways and other industries. He added that network expansion and modernisation will drive demand for HTLS and other high‑performance conductors and cables. Goel emphasised Lumino’s commitment to manufacturing quality products, timely delivery and participation in opportunities that build on its manufacturing and EPC strengths. The MD highlighted the company’s focus on high‑performance products to support the power sector’s evolving needs.

Lumino’s IPO was subscribed 118.12 times, with bids for 7,46,59,52,130 shares against 6,32,05,127 shares on offer, according to NSE data. The ₹700 crore initial share sale comprised a fresh issuance of equity shares valued at ₹500 crore and an offer‑for‑sale component of ₹200 crore. Funds raised amounting to ₹337 crore will be used for debt clearance, ₹15.01 crore for the purchase of machinery and equipment, civil works and interior development of a manufacturing unit, and a portion for general corporate purposes. The new orders bring Lumino’s order book to ₹3,215 crore across manufacturing and EPC segments.