Lumino Industries make decent stock market debut; shares list at 34% premium on NSE

Lumino Industries shares extended their strong debut gains, rising another 4% after listing at a 34% premium to the IPO price. While analysts see attractive valuations, strong profitability and debt reduction as positives, fresh investors have been advised to wait for…

Lumino Industries sold its shares in the price band of Rs 78-82 apiece, applied for a minimum of 182 shares and its multiples to raise Rs 700 crore between August 27-31.