New Delhi, Sept. 1 -- Lumino Industries IPO Allotment: Lumino Industries is likely to finalise the basis of allotment for its Rs.700-crore initial public offering (IPO) today, September 1, after the issue witnessed overwhelming demand during its three-day subscription period. Applicants are expected to receive updates regarding their allotment status today, while successful bidders may also receive notifications regarding the debit of funds from their bank accounts.

The IPO received an overall subscription of 124.02 times, with investors placing bids for 745.63 crore shares against the 6.01 crore shares available for subscription. Qualified institutional buyers (QIBs) drove the demand, with their portion subscribed 232.79 times on the fi...