Lumino Industries IPO Day 2: GMP signals 68% listing gains, issue subscribed 1.42 times. Should you subscribe?

Lumino Industries Rs 700 crore IPO is drawing strong investor interest, with the issue subscribed 1.42 times on Day 1 and the grey market premium rising to 68%. The IPO comprises a Rs 500 crore fresh issue and a Rs 200 crore OFS, while Anand Rathi has assigned a “Subscribe - Long Term” rating, citing the companys strong order book, financial performance and exposure to power infrastructure.

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