About Renny Strips IPO
Renny Strips Limited has submitted its DRHP for the IPO on December 12, 2025. Renny Strips IPO has received a Fresh Issue of equity shares of ₹300 Crore and it will also be offering for sale (OFS) of 1.20 Crore shares. The equity shares are proposed to be listed on NSE and BSE.
The shares have a face value of ₹5 each. The issue will be a complete book build, and the price ranges and subscription dates are going to be announced in the future.
The Book Running Lead Manager (BRLM) for Renny Strips IPO is Pantomath Capital Advisors Private Limited. The Registrar for the IPO is Bigshare Services Private Limited, responsible for the allotment and refund processes of the IPOs of Renny Strips Limited.
Company Background
Renny Steels Ltd has been in business since March 11, 1996. Originally registered as Renny Steels Private Limited, it became a public company in 2025. It offers premium quality, value-added steel products and is widely recognized within the steel industry. Its registered and corporate offices are located in Ludhiana, Punjab.
Operations & Product Range
Renny Strips Ltd. specializes in creating structural steel goods, with a large array of goods that include ERW tubes and pipes, and other various industrial uses, including scaffolding and formwork systems. The Company has three manufacturing plants located in India (two in the state of Punjab), and it plans to build a fourth new plant, proposed unit IV, located in Ludhiana, to facilitate its production of scaffolding, ERW tubes and pipes.
Revenue Streams and Business Model
For Renny Strips Ltd., the majority of their revenue will come from selling fabricated steel products. Their business is built around producing high-quality fabricated steel products while at the same time finding other niche markets where Renny Strips Ltd. can make higher profit margins. Their revenue for the fiscal year ended March 31, 2025, was ₹861 crores in total sales.
Management & Shareholding
Promoters & Shareholding
The promoters of Renny Strips Limited are Binny Gupta and Chetna Gupta. Binny Gupta serves as the Chairman and Managing Director, leading the company's strategic direction. The promoter group also includes individuals like Dev Raj Gupta and Usha Gupta, who are the selling shareholders in the Renny Strips IPO.
Board & Key Management
Binny Gupta (Chairman and Managing Director) has the responsibility of leading the leadership group. The Board of Directors is made up of a number of key executives, including Arvind (Chief Financial Officer) and Sakshi Srivastava (Company Secretary/Compliance Officer).
Renny Strips IPO Details
| Detail | Description |
|---|---|
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹ 5 per Equity Share |
| Issue Price Band | [.] |
| Lot Size | [.] |
| Sale Type | Fresh Issue + Offer for Sale (OFS) |
| Total Issue Size | ₹ 300.00 Cr (Fresh) + 1.20 Cr Shares (OFS) |
| Fresh Issue(Ex Market Maker) | Up to ₹ 300.00 Crore |
| Offer for Sale | Up to 1.20 Crore Equity Shares |
| Issue Type | Book Built Issue |
| Listing At | NSE and BSE |
| Share Holding Pre Issue | 100 % (Promoter Group) |
Renny Strips IPO Financial Information
Latest Revenue
492.24
₹ Crore
Profit After Tax
23.78
₹ Crore
Net Worth
105.76
₹ Crore
Total Borrowing
372.46
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Reserves & Surplus | Total Borrowing | |||
|---|---|---|---|---|---|---|---|---|---|
| 30 Sep 2025 | 593.70 | 492.24 | 23.78 | 105.76 | 37.66 | 372.46 | |||
| 31 Mar 2025 | 443.39 | 861.13 | 19.66 | 81.86 | 79.03 | 289.73 | |||
| 31 Mar 2024 | 291.44 | 887.16 | 11.47 | 62.21 | 59.38 | 201.21 | |||
| 31 Mar 2023 | 208.17 | 537.24 | 9.59 | 43.72 | 41.24 | 141.23 | |||
| Amount in ₹ Crore | |||||||||
Renny Strips Key Performance Indicator
| KPI | Values |
|---|---|
| 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 | |
|---|---|---|
| EPS (Rs) | ₹3.46 | [.] |
| P/E (x) | [.] | [.] |
IPO Objectives
The Renny Strips IPO aims to raise funds for several key purposes:
- • Supporting the upgradation of existing manufacturing units (Unit I and Unit III).
- • Funding the establishment of the new Proposed Unit IV.
- • Meeting general corporate purposes and enhancing brand visibility through listing.
Conclusion
In conclusion, the Renny Strips IPO is a significant event for the steel maker located in Punjab. Renny Strips is issuing new stock along with offering some of the existing shares for sale. The funds raised from the IPO will be used to upgrade Renny Strips' facilities and expand its product offering to more customers. Investors who purchase shares in this IPO will have the opportunity to invest in a company that has been around for many years, which is now increasing its manufacturing capabilities through advanced manufacturing technologies.
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Competitive Strengths
Strong Financial Growth: Delivered 62% EBITDA CAGR (FY23-FY25).
| Sr.no | Description | Date | File |
|---|---|---|---|
| 1 | Filed with SEBI/Exchange | 12/12/2025 | View DRHP |
| 2 | SEBI/Exchange approval received | - | - |
Renny Strips IPO Timeline
| IPO Open Date | [.] |
| IPO Close Date | [.] |
| Tentative Allotment | [.] |
| Initiation of Refunds | [.] |
| Credit of Shares to Demat | [.] |
| Tentative Listing Date | [.] |
| Cut-off time for UPI mandate confirmation | - |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 1 Lot | [.] | ₹14,000 – ₹15,000 |
| Individual investors (Retail) (Max) | 13 - 14 Lots | [.] | Up to ₹2,00,000 |
| S-HNI (Min) | 14 - 15 Lots | [.] | Above ₹2,00,000 |
| S-HNI (Max) | 66 - 70 Lots | [.] | Up to ₹10,00,000 |
| B-HNI (Min) | 71+ Lots | [.] | Above ₹10,00,000 |