What Happened
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.