Renny strips eyes ₹300cr IPO to boost growth

Business Dec 15, 2025

Renny Strips is gearing up for a ₹300 crore IPO, with fresh shares and 1.2 crore promoter shares up for grabs.
The funds will mainly go toward building a new manufacturing unit in Ludhiana, upgrading existing facilities, and paying off some of the company's debt.

What does Renny Strips actually do?

Started in 1996, Renny Strips makes steel billets, wire rods, pipes, and scaffolding used in construction and infrastructure.
With three units in Ludhiana and exports to over 21 countries, they've built a solid presence both in India and abroad.

Quick look at the numbers

Despite a slight dip in revenue this year (₹856 crore vs ₹882 crore last year), profits jumped by 71% to nearly ₹20 crore.
The company's also clocked impressive growth over the past couple of years—showing it's on an upward track.