Business Overview
Renny Strips Limited is a vertically integrated and sustainability-focused, structural products manufacturing company. Its offerings span a wide range of structural products across the value chain, from mild steel billets, wire rods and narrow-width hot rolled coils to electric resistance welded black and galvanized steel pipes and tubes, precision fabrication, and design-driven Scaffolding and Formwork systems, with applications across diverse end-use industries. The company operates on an energy-efficient cascading production model that eliminates reheating between stages, leveraging automation, digital quality monitoring, and engineering to ensure consistency, strength, and reliability. Its integrated capabilities serve construction, infrastructure, automotive, railways, oil & gas, agriculture, shipbuilding, and general and heavy engineering industries in domestic and international markets.
Renny Strips IPO Size
Objects of the Issue
Funding the capital expenditure requirements of the Company towards setting up of a new manufacturing unit to expand production capabilities 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.
Prepayment or re-payment, in full or in part, of certain outstanding borrowings availed by the Company.
General corporate purposes.
Renny Strips IPO Financial Performance
(Rs. in crores)
| Particulars | Sep-25 | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|---|
| Revenue | 487.87 | 856.25 | 882.19 | 533.38 |
| PAT | 23.78 | 19.66 | 11.47 | 9.59 |
| Net Worth | 105.76 | 81.86 | 62.21 | 43.72 |
| Borrowings | 372.46 | 289.73 | 201.21 | 141.23 |
| Assets | 593.70 | 443.39 | 291.44 | 208.17 |
| NAV (₹) | 7.76 | 6.01 | 4.57 | 3.21 |
| EPS (₹) | 1.75 | 1.44 | 0.93 | 0.82 |
Key Performance Indicators (KPIs)
EBITDA
5.65%
PAT
2.30%
ROE
24.01%
ROCE
11.62%
Debt to Equity
3.54
Promoter Holding
Promoter
100.00%
Public
0.00%
Management
Registrar & Lead Managers
Registrar
Bigshare Services
Lead Managers (1)
Company Details
Name: Renny Strips Limited
Address: Khasra No 34//6/2 (0-8)-7 (8-0)-9, Khata No 121/127, Lakhowal Road, Kohara, Ludhiana, Punjab-141112, India.
Number: +91-6283368523
Email: compliance@rennystrips.com
Website: www.rennystrips.com
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