Renny Strips Ltd. IPO Details
Renny Strips was incorporated on March 11, 1996. The company is a vertically integrated, sustainability-focused structural products manufacturer with offerings ranging from MS billets and HR coils to ERW pipes, precision fabrication, and scaffolding systems. Its energy-efficient, automated production model supports consistent quality and serves diverse industries such as construction, infrastructure, automotive, railways, and heavy engineering in domestic and international markets
| Bidding Dates |
|---|
| To Be Announced |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| - | - | - | - | 12.0 M | - | - | ₹3,000.0 M | DRHP DOC |
Renny Strips issue details
Renny Strips has 12.0 M shares on offer
Renny Strips IPO issue size is ₹ 3,000.0 M
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
Renny Strips IMPORTANT IPO DATES
| Issue Open Date | - |
| Issue close Date | - |
| Allotment Date | - |
| Refund Date | - |
| Demat Account Credit Date | - |
| Listing Date | - |
| Listing on Exchange(s) | NSE and BSE |
Renny Strips NUMBER OF SHARES ON OFFER
Renny Strips FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| H1FY26 | 487.9 | 23.8 | -11.1 | -84.6 | 9.3% |
| FY25 | 856.2 | 19.7 | -16.7 | -56.1 | 5.7% |
| FY24 | 882.2 | 11.5 | -10.2 | -54.0 | 3.2% |
| FY23 | 533.4 | 9.6 | -16.2 | -59.2 | 3.5% |
Renny Strips INFORMATION ON IPO ISSUE
About Renny Strips
Renny Strips was incorporated on March 11, 1996. The company is a vertically integrated, sustainability-focused structural products manufacturer with offerings ranging from MS billets and HR coils to ERW pipes, precision fabrication, and scaffolding systems. Its energy-efficient, automated production model supports consistent quality and serves diverse industries such as construction, infrastructure, automotive, railways, and heavy engineering in domestic and international markets
Object of the Issue
- Funding the capital expenditure requirements of the company towards 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
- Funding the capital expenditure requirements of the company towards upgradation of their existing manufacturing Unit I and Unit III
- Prepayment or re-payment, in full or in part, of certain outstanding borrowings availed by the company
- General corporate purposes
Renny Strips - PROMOTERS
| Name |
|---|
| Binny Gupta |
| Chetna Gupta |
Renny Strips - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Binny Gupta | Chairman & Managing Director |
| Chetna Gupta | Whole-time Director |
| Rajneesh Gupta | Non-Executive Director |
| Sunil Suri | Independent Director |
| Vishva Bandhu | Independent Director |
| Hetvi Ketan Sheth | Independent Director |
Renny Strips Book Running Lead Manager
Pantomath Capital Advisors Private Limited
renny.ipo@pantomathgroup.com
Renny Strips Registrar to the Offer
Bigshare Services Private Limited
ipo@bigshareonline.com
Renny Strips Strengths
Vertically integrated manufacturing unit
The company operates integrated manufacturing across the structural steel value chain, producing MS billets, HR coils, and wire rods, which are also used for captive consumption in ERW pipes, tubes, and scaffolding and formwork systems. It is among the few players to use in-house HR coils for manufacturing ERW products and scaffolding solutions, as per the CRISIL Report
Diversified product portfolio
The company has strategically diversified from manufacturing steel products to offering a comprehensive range of design-driven scaffolding and formwork systems, reflecting strong value-chain integration and market responsiveness. Since entering this segment in April 2024, it has scaled to over 1,000 SKUs and captured about 1.58% of India’s scaffolding exports to Europe in FY 2025, establishing itself as an emerging global player
In-house engineering capabilities
The company has end-to-end capabilities in the design, engineering, and production of scaffolding and formwork systems, enabling customized, customer-specific solutions. Its in-house design team uses advanced software and engineering tools to ensure precision, flexibility across material specifications, and seamless integration from concept to manufacturing
Renny Strips Risks
Operational risks
The company’s manufacturing units face operational risks, and any shutdown or slowdown due to regulatory actions, equipment failure, labor issues, power disruptions, supply chain constraints, or geopolitical factors could materially affect its business and financial performance. It operates three manufacturing units in Ludhiana, Punjab, with an aggregate installed melting capacity of 1,99,200 MTPA, making uninterrupted operations critical
Manpower intensive
The company’s operations are manpower intensive and depend on maintaining a stable and skilled workforce. Any labor shortages, wage pressures, disputes, or work stoppages could disrupt operations and adversely impact its financial performance
Steel price fluctuations
The company operates in the cyclical steel industry, where pricing is volatile and influenced by demand, raw material costs, trade flows, and economic conditions. Fluctuations in steel prices, tariffs, and trade policies may adversely impact its revenues, margins, cash flows, and financial performance
IPO FAQs
The promoters of the company are Binny Gupta and Chetna Gupta.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.