Lumino Industries Targets 25% Growth With Wires, Cables Focus

Lumino Industries makes products related to wires and cables.

The company wants to focus more on these products.

It is aiming to grow by 25%.

Managing Director Devendra Goel said the company plans a ₹700-crore IPO.

An IPO is when a company sells shares to the public.

Lumino plans to use the money to repay debt.

It also wants to make its balance sheet stronger.

The company is targeting EBITDA margins of 10–11%.

New products could help it earn more profit and generate more cash.