Lumino Industries says it has won ₹496 crore of orders since its September listing

What happened

• Lumino Industries reported new orders worth ₹496 crore, according to Upstox and HDFC Sky. HDFC Sky said they were received since the company's listing on 3 September.
• Manufacturing orders came to ₹339 crore (68%), covering conductors, high-tension and low-tension cables and railway signalling cables. EPC orders were ₹157 crore (32%), for underground distribution networks.
• The combined order book is ₹3,215 crore. Upstox said the customers were not named.
• Upstox noted that the company's ₹700 crore IPO was subscribed 118.12 times.
• The shares closed at ₹104.84, up 3.63%.

Why it matters

Good to know: EPC stands for engineering, procurement and construction: the company designs and builds a project for a client instead of selling a standard product.

Key facts

New orders

₹496 crore

Manufacturing

₹339 crore (68%)

EPC

₹157 crore (32%)

Order book

₹3,215 crore

Read the source

• Newly listed Lumino Industries shares jump 6% on bagging new orders worth ₹496 croreUpstox
• Lumino Industries Secures ₹496 Crore Orders Since IPO; Shares Rise 5.27%HDFC Sky