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✦ AI Insight
Restated Financials (₹ Cr.)
| Period Ended | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 593.70 | 443.39 | 291.44 | 208.17 |
| Total Income | 492.24 | 861.13 | 887.16 | 537.24 |
| Profit After Tax | 23.78 | 19.66 | 11.47 | 9.59 |
| EBITDA | 45.52 | 48.39 | 28.39 | 18.43 |
| NET Worth | 105.76 | 81.86 | 62.21 | 43.72 |
| Reserves and Surplus | 37.66 | 79.03 | 59.38 | 41.24 |
| Total Borrowing | 372.46 | 289.73 | 201.21 | 141.23 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Rajputana Stainless Ltd. | Mainboard | ₹254.98 Cr | ₹122 | 21.1 | ₹113.03 | -7.35% | ₹132.72 (-0.86%) |
| VMS TMT Ltd. | Mainboard | ₹148.50 Cr | ₹99 | 22.24 | ₹99.65 | +0.66% | ₹44.05 (+3.19%) |
| Anubhav Plast Ltd. | SME | ₹24.00 Cr | ₹80 | 10.67 | ₹76.00 | -5.00% | ₹51.15 (+0.29%) |
| Kasturi Metal Composite Ltd. | SME | ₹17.61 Cr | ₹64 | 23.59 | ₹63.16 | -1.31% | ₹53.85 (+2.28%) |
| Shri Kanha Stainless Ltd. | SME | ₹46.28 Cr | ₹90 | 16.23 | ₹83.60 | -7.11% | ₹23.00 (-0.86%) |
| Mittal Sections Ltd. | SME | ₹52.91 Cr | ₹143 | 31.15 | ₹108.70 | -23.99% | ₹28.00 (-2.06%) |
| M P K Steels (I) Ltd. | SME | ₹25.74 Cr | ₹79 | 9.04 | ₹83.50 | +5.70% | ₹114.65 (-1.38%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding the capital expenditure requirements of their Company towards: a. setting up of a new manufacturing unit to expand their production capabilities to manufacture Scaffolding and Formwork systems along with ERW pipes and tubes at Ludhiana, Punjab (“Proposed Unit IV”); and b. upgradation of their existing manufacturing Unit I and Unit III. | 175.50 |
| 2 | Prepayment or re-payment, in full or in part, of certain outstanding borrowings availed by the Company | 55.00 |
| 3 | General corporate purposes |
About Renny Strips IPO
Renny Strips Limited is engaged in the production of precision steel strips and related products. The company caters to diverse industrial applications requiring consistent quality and dimensional accuracy. It primarily serves sectors such as automotive components, engineering, electrical equipment, and general manufacturing. With a focus on process efficiency and quality control, Renny Strips Limited aims to deliver reliable products that meet industry standards and customer requirements. The company's has three (3) Manufacturing Units situated in Ludhiana, Punjab, spread across land admeasuring 58,178.59 square meters. Their offerings span a wide range of structural products across the value chain, from mild steel billets (“MS Billets”), wire rods and narrow-width hot rolled coils (“HR coils”) to electric resistance welded black and galvanized steel pipes and tubes (“ERW pipes and tubes”), precision fabrication, and design-driven Scaffolding and Formwork systems, having applications across a diverse end-use industries. As of September 30, 2025, the company had 614 permanent employees. Competitive Strengths: Vertically integrated and proximate Manufacturing Units driving operation
Contact Details
Renny Strips Ltd. AddressKhasra No 34//6/2 (0-8)-7 (8-0)-9,Khata No 121/127,Lakhowal Road, Kohara,Ludhiana, Punjab, 141112+91 6283368523compliance@rennystrips.comVisit Website