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Learn about Renny Strips Limited’s Draft Red Herring Prospectus (DRHP) filing, business operations, financial context, and the proposed utilisation of funds as outlined in public disclosures.
Renny Strips Limited has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) as part of its plan to raise capital through an initial public offering. The DRHP outlines the company’s business profile, operational strengths, financial performance, and the broad structure of the proposed public issue.
The DRHP provides an overview of the proposed IPO and sets out the company’s financials, governance framework, and business outlook.
Renny Strips Limited has submitted its Draft Red Herring Prospectus to SEBI, marking the formal initiation of its IPO process. The filing is currently under regulatory review. Following SEBI’s observations and approvals, the company is expected to proceed with filing the Red Herring Prospectus (RHP) and announcing the IPO dates. The equity shares are proposed to be listed on recognised stock exchanges in India, subject to regulatory clearances.
As per the DRHP, the proposed IPO is expected to comprise the following components:
| Particulars | Details |
|---|---|
Issue Type |
Fresh Issue of Equity Shares |
Offer for Sale (OFS) |
As disclosed in DRHP |
Face Value |
As disclosed in DRHP |
Issue Size |
As disclosed in DRHP |
Proposed Listing |
NSE and BSE |
Price Band |
To be announced in RHP |
Book Running Lead Manager |
As disclosed in DRHP |
Registrar to the Issue |
As disclosed in DRHP |
These details reflect indicative disclosures available at the DRHP stage and are subject to change based on SEBI observations and final approvals.
Renny Strips Limited operates in the steel structural products manufacturing segment, engaged in the integrated production of a range of products used across construction, infrastructure, industrial, and allied sectors. The company’s product portfolio includes mild steel billets, wire rods, electric resistance welded (ERW) pipes and tubes, and scaffolding and formwork systems.
Its operations include steel manufacturing, rolling, pipe production, quality assurance, and supply of value-added structural products that meet applicable industry standards. The company caters to domestic and export markets, serving customers across infrastructure development, real estate, industrial projects, and related applications.
The company’s business model is driven by manufacturing integration, capacity expansion, product diversification, quality certifications, long-term customer relationships, and a focus on operational efficiency, sustainability initiatives, and consistent product performance.
According to the DRHP, the proceeds from the IPO are proposed to be utilised towards the following broad objectives:
| Fund Allocation | Purpose |
|---|---|
Capital Expenditure |
Expansion and enhancement of manufacturing capabilities |
Working Capital |
Funding incremental working capital requirements |
Debt Repayment |
Prepayment or repayment of certain borrowings |
General Corporate Purposes |
Administrative and strategic business needs |
These objectives are intended to strengthen the company’s balance sheet, support operational growth, and enhance long-term business sustainability.
The DRHP provides an overview of Renny Strips Limited’s financial performance over recent years, offering insight into its scale of operations and profitability trends.
| Fiscal Year / Period | Revenue from Operations (₹ crore) | Profit / (Loss) After Tax (₹ crore) | Net Worth (₹ crore) |
|---|---|---|---|
FY23 |
As disclosed in DRHP |
As disclosed in DRHP |
As disclosed in DRHP |
FY24 |
As disclosed in DRHP |
As disclosed in DRHP |
As disclosed in DRHP |
FY25 |
As disclosed in DRHP |
As disclosed in DRHP |
As disclosed in DRHP |
*Detailed year-wise financial statements, including audited figures, are available in the DRHP and should be referred to for complete financial information.
The table below summarises the current status of the IPO process based on publicly available information:
| Milestone / Stage | Date (or Status) | Details |
|---|---|---|
DRHP filed with SEBI |
As disclosed |
Draft Red Herring Prospectus submitted for regulatory review |
SEBI observations |
Awaited |
Subject to regulatory review |
Red Herring Prospectus (RHP) |
To be announced |
Post SEBI observations |
IPO Bidding / Opening Date |
To be announced |
Final dates to be disclosed |
IPO Closing Date |
To be announced |
As per RHP |
Allotment Date |
To be announced |
Post IPO closure |
Credit to DEMAT Accounts |
To be announced |
After allotment |
Listing on NSE/BSE |
To be announced |
Subject to approvals |
Note: Investors should refer to official filings for final IPO dates to learn more about Renny Strips IPO listing details and price, and listing timelines.
Keep yourself updated : Check Upcoming IPO
This content is for informational purposes only and the same should not be construed as investment advice. Bajaj Finserv Direct Limited shall not be liable or responsible for any investment decision that you may take based on this content.
Sources
LiveMint — IPO News and Updates, https://www.livemint.com/market/ipo
Economic Times — IPO News: Latest IPO News, Upcoming IPO, https://economictimes.indiatimes.com/markets/ipo
Financial Express — IPO News, https://www.financialexpress.com/market/ipo-news/
NDTV Profit — IPOs, https://www.ndtvprofit.com/ipos
Business Today — IPO Corner: Latest IPO News & Analysis, https://www.businesstoday.in/markets/ipo-corner
Renny Strips Limited filed its Draft Red Herring Prospectus with SEBI as disclosed in public filings, marking the formal start of its IPO process.
The IPO is currently at the DRHP review stage. SEBI observations are awaited before the company proceeds to the next phase.
The IPO comprises a fresh issue of equity shares, along with an offer for sale component, as detailed in the DRHP.
Subject to regulatory approvals, the equity shares are proposed to be listed on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE).
The company operates in the automotive components sector, focusing on precision-engineered parts for suspension and control systems supplied to OEMs and tier-one suppliers.
Detailed financial statements, risk factors, and disclosures are available in the Draft Red Herring Prospectus filed with SEBI.
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