Ludhiana, Punjab 15 th December 2025 ( TGN ) – Renny Strips Limited (“Renny Strips” or the “Company”), has filed its Draft Red Herring Prospectus (DRHP) with market regulator Securities and Exchange Board of India (SEBI).
Renny Strips, vertically integrated and sustainability-focused, structural products manufacturing Company offering wide range of structural products across the value chain, from mild steel billets, wire rods, ERW pipes and tubes, design driven Scaffolding and Formwork systems, having applications across a diverse end-use industry.
Within a short period of commencing manufacturing Scaffolding and Formwork systems in Fiscal 2025, the Company has established growing global presence, exporting Scaffolding and Formwork systems to over 21 countries.
As part of their sustainability roadmap, the Company is in the process of commissioning 22 MW solar power plant to reduce reliance on conventional energy sources and further minimise their carbon footprint.
The Company plans to raise funds through an Initial Public Offering (IPO) which comprises of fresh issue of equity shares aggregating up to ₹300 crores and an offer for sale of up to 12,000,000 equity shares.
The Company plans to use the net proceeds towards setting up of a new manufacturing facility to manufacture Scaffolding and Formwork systems along with ERW pipes and tubes at Ludhiana, Punjab (“Proposed Unit IV”) and upgradation of existing manufacturing Unit I and Unit III estimated to be ₹ 175.50 crores, Repayment/ Pre-payment in part or full of certain outstanding borrowings of the Company estimated to be ₹ 55 crores; and rest towards General Corporate Purposes.
The Company has demonstrated growth in its financial performance over the past three Fiscals. Revenue from operations increased from ₹ 533.38 crores in Fiscal 2023 to ₹ 882.19 crores in Fiscal 2024 and ₹ 856.25 crores in Fiscal 2025, reflecting a revenue CAGR of approximately 26.70% during Fiscal 2023 to Fiscal 2025.
The offer is being made through the Book Building Process.
The equity shares offered through the IPO are proposed to be listed on BSE Limited and the National Stock Exchange of India Limited.
Pantomath Capital Advisors Private Limited is the sole Book Running Lead Manager to the offer.
The Company’s DRHP is available on the websites of SEBI, BSE, NSE and the Book Running Lead Manager.
