Q1. What is the business of Renny Strips Limited?

It is a vertically integrated steel structural products manufacturer producing billets, rods, ERW pipes/tubes and scaffolding/formwork solutions for industrial and construction applications.

Q2. Why is the company raising funds via IPO?

Renny Strips is raising funds via IPO to support capacity expansion, new facility construction, unit upgrades, debt reduction.

Q3. What is the size of the issue and where will it list?

The issue size of the IPO is ₹300 crore as Fresh Issue plus an OFS of ~1.20 crore equity shares. It will be listed on BSE & NSE platform.

Q4. What are the risks to an investor?

Risk factors to be considered while investing in the IPO are steel demand cyclicality, competitive pressures, capital intensity and uncertain price band/dates until final filings are complete.

Q5. What are the potential upsides?

Upsides to invest in the IPO are its customer reach, diversified product range, exports growth and capex‑led future scale advantages.

Q6. How to apply for the IPO?

You can apply for the IPO via ASBA through bank net banking, UPI on trading apps, or through your broker once the IPO opens for subscription.

Q 7. When is the tentative listing date?

Expected listing date is yet to be announced.

Renny Strips Limited

Upcoming

Renny Strips Limited

Market Cap

—

IPO Issue Size

~₹ 300 crore fresh issue + ~1.20  Cr equity shares OFS

Expected Price by IPOCorner

—

IPO Score

*Score varies on actual price

Renny Strips Limited is a vertically integrated structural steel products manufacturer, producing mild steel billets, wire rods, ERW pipes/tubes and scaffolding/formwork systems for construction, infrastructure and industrial sectors. The company has filed its draft red herring prospectus (DRHP) with SEBI for a proposed IPO of fresh issue of around ₹300 crore and OFS of around 1.20Cr existing shares being sold by current investors.

Renny Strips Limited was incorporated in the year 1996.Mr. Binny Gupta serves as the Chairman and Managing Director of the company.

It is Integrated manufacturer of MS billets, wire rods, HR coils, ERW pipes/tubes, and scaffolding & formwork systems with over 1,000 SKUs.It serves 225+ customers across ~15 Indian states and supplies scaffolding/formwork products to 21+ countries in export markets.

Subscription date to apply for Renny Strips Limited is yet to be announced. Price band for the IPO is yet to be declared.

~₹ 300 crore fresh issue + ~1.20  Cr equity shares OFS

Fresh Issue

~₹ 300 Cr

Offer for Sale

~1.20  Cr equity shares

Year	2025
Networth	₹ 81.9 Cr
Revenue	₹ 856.2 Cr
EBITDA	₹ 48.4 Cr
PAT	₹ 19.7 Cr
EBITDA Margin	~ 5.65%
PAT Margin	~ 2.30%
Face Value	Rs. 05 per Equity Share

IPO Important Dates

#	Date
Open Date	TBA
Close Date	TBA
Anchor Investor Bidding	TBA
Allotment Date	TBA
Refunds& Demat Credit	TBA
Tentative Listing Date	TBA

Use Of Proceeds

Purpose	Amount
Upgrading & Setting new Manufacturing facility	~ ₹ 175.50 Cr
Borrowing Payment	~ ₹ 55 Cr
-	-
-	-
-	-
General Corporate Purpose	Balance

Financial Data

#	2023	2024	2025
Revenue (₹ Cr)	₹ 533	₹ 882	₹ 856
PAT (₹ Cr)	₹ 10	₹ 11	₹ 20
Asset (₹ Cr)	₹ 208	₹ 291	₹ 443
Net Worth (₹ Cr)	₹ 44	₹ 62	₹ 82

IPO Grey Market Premium

Date	IPO Price	IPO GMP	Profit Per Lot
08-Aug	₹ –	₹ –	₹ –
07-Aug	₹ –	₹ –	₹ –
06-Aug	₹ –	₹ –	₹ –
05-Aug	₹ –	₹ –	₹ –
04-Aug	₹ –	₹ –	₹ –

Pros

Integrated steel product portfolio covering multiple value chain stages.
Fast‑growing export footprint in 21+ countries soon after scaffolding business launch.
Strong manufacturing base with three units and plans for expansion.
Proceeds aimed at capacity expansion and facility upgrades.
Sustainability push via 22 MW solar power installation to lower carbon footprint.

Cons

Reliant on cyclical steel and construction demand.
Key dates and valuation still not announced – adds uncertainty.
Operating in competitive steel products sector with tight margins.
OFS by promoters may dilute demand or signal early profit‑taking.
Capital and operational intensity could weigh on near‑term cash flows.

Promoters – Pre offer equity (Approx)

Promoters	% Shares
Binny Gupta	~61.54%
Chetna Gupta	~10.82%
-	-
-	-
-	-
-	-

Lot Size details

Application Type	Lot Size	No. of Lot	No. of Shares	Investment Amount
Retail (Min)	–	1	–	₹ –
Retail (Max)	–	13	–	₹ –
HNI (Min)	–	14	–	₹ –
HNI (Max)	–	66	–	₹ –
Big HNI (Min)	–	67	–	₹ –

Key Performance Index (KPI)

ROE	00
ROCE	00
RoNW	00

Lead / Book Running Lead Managers

Pantomath Capital Advisors Private Limited.

Registrar (RTA)

Bigshare Services Private Limited.

Q1. What is the business of Renny Strips Limited?
It is a vertically integrated steel structural products manufacturer producing billets, rods, ERW pipes/tubes and scaffolding/formwork solutions for industrial and construction applications.
Q2. Why is the company raising funds via IPO?
Renny Strips is raising funds via IPO to support capacity expansion, new facility construction, unit upgrades, debt reduction.
Q3. What is the size of the issue and where will it list?
The issue size of the IPO is ₹300 crore as Fresh Issue plus an OFS of ~1.20 crore equity shares. It will be listed on BSE & NSE platform.
Q4. What are the risks to an investor?
Risk factors to be considered while investing in the IPO are steel demand cyclicality, competitive pressures, capital intensity and uncertain price band/dates until final filings are complete.
Q5. What are the potential upsides?
Upsides to invest in the IPO are its customer reach, diversified product range, exports growth and capex‑led future scale advantages.
Q6. How to apply for the IPO?
You can apply for the IPO via ASBA through bank net banking, UPI on trading apps, or through your broker once the IPO opens for subscription.
Q 7. When is the tentative listing date?
Expected listing date is yet to be announced.