Lumino Industries Ltd IPO

The fastest growing player in the power EPC industry with in-house manufacturing capabilities.

Cost efficient and unique business model with complimentary and integrated business segments.

Well developed and integrated manufacturing facilities with an extensive product range.

Strong and diversified order book.

Our business and revenues are substantially dependent on orders received from state-owned electricity boards (SEBs) and public sector power utilities. 88.92% and 85.68% of our revenue from operations in the six months ended September 30, 2024 and Fiscal 2024, respectively, is from government entities and in the event any one or more such clients were to cease to issue tenders, our business could be adversely affected.

The sale of cables and conductors manufactured by our Company contributes a significant portion to our revenue from operations (more than 47% for the six months ended September 30, 2024 and Fiscals 2024, 2023, and 2022). Any adverse development in our performance in the manufacturing business could have an adverse effect on our business, cash flows, results of operation and financial position.

Significant increases or fluctuations in prices of, or delay or disruption in supply of primary raw materials could affect our estimated costs, expenditures and timelines which may have a material adverse effect on our business, financial condition, results of operations and cash flows.

Our revenues from our EPC segment are dependent upon our ability to effectively secure contracts awarded to us through the competitive bidding route. Consequently, our results of operations and cash flows may be adversely affected or fluctuate materially periodically.