SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Renny Strips receives approval from SEBI to raise funds via IPO

30 May 2026 Evaluate

Renny Strips has received approval from the Securities and Exchange Board of India (SEBI) to raise funds through initial public offering (IPO). The company has proposed IPO comprising a fresh issue of shares worth Rs 300 crore. Apart from fresh issue component, there will be an offer for sale (OFS) of 1.2 crore equity shares by promoters. 

The company plans to use proceeds from the fresh issue for setting up a new facility to manufacture scaffolding and formwork systems, along with ERW (electric resistance welded) pipes and tubes in Ludhiana. Funds will also be used for upgrade of existing manufacturing Unit I and Unit II, payment of debt, and general corporate purposes.

The company had filed its draft papers in December 2025. Shares of the company are proposed to be listed on the BSE and the NSE. In SEBI's parlance, obtaining observations is equivalent to securing approval to float a public offering.

Renny Strips, founded in 1996, is a fully integrated structural products manufacturer headquartered in Ludhiana, Punjab. The company operates integrated manufacturing units, providing end-to-end finished products. The company’s 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.

Peers
Company Name CMP
Tata Steel 210.55
JSW Steel 1300.55
SAIL 197.00
Jindal Stainless 696.20
APL Apollo Tubes 1808.35
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×