Archive · 27 Aug 2026
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.
Lumino Industries is targeting 25% growth as it shifts focus toward wires and cables.
Managing Director Devendra Goel said the company plans a ₹700-crore initial public offering.
The IPO proceeds will help repay debt and strengthen Lumino Industries’ balance sheet.
The company is targeting EBITDA margins of 10–11%.
Lumino Industries said new products could further improve profitability and cash flows.
- Who
- Lumino Industries and its Managing Director, Devendra Goel.
- What
- The company is targeting 25% growth while shifting its focus to wires and cables, alongside plans for a ₹700-crore IPO.
- When
- Not specified in the article.
- Where
- Not specified in the article.
- Why
- The IPO is intended to help repay debt and strengthen the balance sheet; new products may improve profitability and cash flows.
- Company
- Lumino Industries
- Managing director
- Devendra Goel
- Growth target
- 25%
- Planned IPO size
- ₹700 crore
- IPO purpose
- Repay debt and strengthen the balance sheet
- EBITDA margin target
- 10–11%
- Strategic focus
- Wires and cables