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IPOs, NCDs, OFS, Rights Issues, Buyback and Stock Brokers

IPO 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

IPO DRHP Status

Description Date
Filed with SEBI/Exchange Fri, Dec 12, 2025
SEBI/Exchange approval received Wed, May 27, 2026

Issue Reservation

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

About Renny Strips Ltd.

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:

  • Vertically integrated and proximate Manufacturing Units driving operational efficiency and flexibility.
  • Diversified and evolving product portfolio
  • Long-standing relationships spanning a broad customer base
  • Sustainability-led manufacturing, offering wide range of products having application in diverse end use industries
  • In-house engineering and design capabilities for Scaffolding and Formwork systems

Company Financials (Restated Consolidated)

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

Recently Listed IPOs in Industrial Products

Company Issue Type Issue Size Issue Price Listing Day Close Listing Gain/Loss %
Rajputana Stainless Ltd. Mainboard ₹254.98 Cr ₹122 ₹113.03 -7.35%
VMS TMT Ltd. Mainboard ₹148.50 Cr ₹99 ₹99.65 +0.66%
Sambhv Steel Tubes Ltd. Mainboard ₹540.00 Cr ₹82 ₹97.59 +19.01%

IPO Objects of the Issue

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

Key Performance Indicator (KPI)

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%
Binney Gupta and Chetna Gupta are the promoters of the company.

IPO Registrar

Bigshare Services Pvt.Ltd.

IPO Lead Manager(s)

  1. Pantomath Capital Advisors Pvt.Ltd.  (Past IPO Performance)

Lead Manager Reports

  • Lead Manager Performance Summary
  • Lead Manager Performance Tracker

Contact Details

Renny Strips Ltd. Address
Khasra No 34//6/2 (0-8)-7 (8-0)-9,
Khata No 121/127,
Lakhowal Road, Kohara,
Ludhiana, Punjab, 141112

IPO FAQs

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 the Zerodha website and login to Console.
Go to Portfolio and click the IPOs link.
Go to the ‘Renny Strips IPO’ row and click the ‘Bid’ button.
Enter your UPI ID, Quantity, and Price.
Submit IPO application form.
Visit the UPI App (net banking or BHIM) to approve the mandate.
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 .

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