Bookbuilding IPO | ₹[.] Cr | Listing at BSE, NSE |
Renny Strips Ltd. has filed a Draft Red Herring Prospectus (DRHP) with SEBI on December 12, 2025 to raise funds through Initial Public Offer (IPO).
Renny Strips Ltd. IPO is a Book Build Issue consisting of fresh issue of ₹300.00 crores and an offer for sale (OFS) of upto 1.20 crore equity shares.
The equity shares are proposed to be listed on NSE and BSE. Pantomath Capital Advisors Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. Key details like IPO dates, IPO price bands and lot size are yet to be announced.
Refer to Renny Strips IPO DRHP for more details.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹5 per share |
| Price Band | |
| Lot Size | |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Fresh Issue | [.] shares (agg. up to ₹300 Cr) |
| Offer for Sale | 1,20,00,000 shares of ₹5 (agg. up to ₹[.] Cr) |
| Share Holding Pre Issue | 13,62,10,560 shares |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Fri, Dec 12, 2025 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Offer |
| Retail Shares Offered | Not less than 35% of the Net Offer |
| NII Shares Offered | Not less than 15% of the Net Offer |
Renny Strips Limited is engaged in the production of precision steel strips and related products. The company caters to diverse industrial applications requiring consistent quality and dimensional accuracy.
It primarily serves sectors such as automotive components, engineering, electrical equipment, and general manufacturing. With a focus on process efficiency and quality control, Renny Strips Limited aims to deliver reliable products that meet industry standards and customer requirements.
The company's has three (3) Manufacturing Units situated in Ludhiana, Punjab, spread across land admeasuring 58,178.59 square meters.
Their offerings span a wide range of structural products across the value chain, from mild steel billets (“MS Billets”), wire rods and narrow-width hot rolled coils (“HR coils”) to electric resistance welded black and galvanized steel pipes and tubes (“ERW pipes and tubes”), precision fabrication, and design-driven Scaffolding and Formwork systems, having applications across a diverse end-use industries.
As of September 30, 2025, the company had 614 permanent employees.
Competitive Strengths:
Renny Strips Ltd's revenue decreased by 3% and profit after tax (PAT) rose by 71% between the financial year ending with March 31, 2025 and March 31, 2024.
| Period Ended | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 593.70 | 443.39 | 291.44 | 208.17 |
| Total Income | 492.24 | 861.13 | 887.16 | 537.24 |
| Profit After Tax | 23.78 | 19.66 | 11.47 | 9.59 |
| EBITDA | 45.52 | 48.39 | 28.39 | 18.43 |
| NET Worth | 105.76 | 81.86 | 62.21 | 43.72 |
| Reserves and Surplus | 37.66 | 79.03 | 59.38 | 41.24 |
| Total Borrowing | 372.46 | 289.73 | 201.21 | 141.23 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding the capital expenditure requirements of their Company towards: a. setting up of a new manufacturing unit to expand their production capabilities to manufacture Scaffolding and Formwork systems along with ERW pipes and tubes at Ludhiana, Punjab (“Proposed Unit IV”); and b. upgradation of their existing manufacturing Unit I and Unit III. | 175.50 |
| 2 | Prepayment or re-payment, in full or in part, of certain outstanding borrowings availed by the Company | 55.00 |
| 3 | General corporate purposes |
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 24.01% |
| ROCE | 11.62% |
| Debt/Equity | 3.54 |
| RoNW | 24.01% |
| PAT Margin | 2.30% |
| EBITDA Margin | 5.65% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 100% |
Lead Manager Reports
Renny Strips IPO is a main-board IPO of 0 equity shares of the face value of ₹5 aggregating up to ₹[.] Crores. The issue is priced at To be declared. The minimum order quantity is .
The Renny Strips IPO open and close dates are not available as of now.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Renny Strips IPO using UPI as a payment gateway. Zerodha customers can apply in Renny Strips IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Renny Strips IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Renny Strips IPO dates are not announced. Please check back again after some time.
Renny Strips IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Renny Strips IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Renny Strips IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Renny Strips IPO allotment status.
The Renny Strips IPO listing date is not yet announced. The tentative date of listing is .
