Striders Impex IPO...
20 Feb, 2026
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 ₹3,000 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).
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Renny Strips IPO GMP
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
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 Timeline
| Detail | Description |
|---|---|
| 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 | 5:00 PM on the IPO Closing Date |
Renny Strips IPO Lot Size
| Application | Lots | Shares | 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 |
Renny Strips IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| Promoter Holding Pre Issue | 100.00% |
| Promoter Holding Post Issue | [.] |
Competitive Strength:
- • Strong Financial Growth: Delivered 62% EBITDA CAGR (FY23-FY25).
Renny Strips IPO Financial Information
| Period Ended | Assets | Total Income | Profit After Tax | Net Worth | Reserves and 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 | ||||||||||||||||||||||||||||||||||||||||
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 DRHP Status
| # | Description | Date | File |
|---|---|---|---|
| 1 | Filed with SEBI/Exchange | 12-12-2025 | - |
| 2 | SEBI/Exchange approval received | - | - |
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Frequently Asked Questions (FAQs)
-
What number of Shares Renny Strips Limited offer to the public?
Renny Strips IPO consists of a New Issue of less than ₹3,000 Crore and Offer For Sale of 1.2 Crore shares.
-
Who Promotes Renny Strips Ltd?
The Promoters of Renny Strips IPO are Binny Gupta and Chetna Gupta.
-
Who Is Renny Strips IPO's Lead Manager and Registrar
BRLM of Renny Strips IPO is Pantomath Capital Advisors Private Limited, and Registrar is Bigshare Services Private Limited.
-
Financial Performance of the Company?
The company's total income for 2025 was ₹861 Crores. The Company's PAT has come to ₹19.66 Crores.
-
Where is Renny Strips Head Office?
Renny Strips Ltd's Head Office is located in Ludhiana, Punjab.
