Lumino Industries Limited jumped as much as 6% to a day high of Rs 107.29 on 12 October after it secured Rs 496 crore of new orders.

In an exchange filing on 12 October, the company said it has picked up these orders since listing on 3 September. The figure excludes GST.

The orders come from two parts of the business. Manufacturing accounts for Rs 339 crore, or 68% of the total.

That side covers conductors and cables used to carry electricity, including regular and high-performance conductors, high and low tension cables and the cables used in railway signalling systems.

They come from customers in power transmission and distribution and from other industries.

The remaining Rs 157 crore, or 32%, is an engineering, procurement and construction (EPC) order, where the company takes on the whole project.

The job is to upgrade an underground power network in India. The order book now stands at Rs 3,215 crore.

Managing Director Devendra Goel said the company will keep its focus on quality products and timely delivery. Lumino Industries is still a fresh face on the market.

It listed on 3 September after raising Rs 700 crore through its IPO, made up of Rs 500 crore in new shares and a Rs 200 crore share sale by existing holders.

The issue drew bids worth 118.12 times the shares on offer, according to NSE data.

Shares are down about 3.6% over the past month and remain below the 52-week high of Rs 122, touched on 4 September. The company’s market capitalisation stands at Rs 3,201.47 crore.

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