Mumbai : Ludhiana-based Renny Strips has received final approval from the capital markets regulator, Securities and Exchange Board of India (SEBI) for its initial public offering (IPO).

The Company had filed its IPO papers with Sebi on December 12, 2025.

The IPO is comprised of a fresh issue up to Rs 300 crore and an offer for sale of up to 12,000,000 shares by promoters – Dev Raj Gupta and Usha Gupta.

Incorporated in 1996 on March 11, the company is a vertically integrated and sustainability-focused, structural products manufacturing company (Source: CRISIL Report). Its 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 industry.

Built on an energy-efficient cascading production model that eliminates reheating between stages, it leverages automation, digital quality monitoring, and engineering to ensure consistency, strength, and reliability across its offerings (Source – CRISIL Report).

These integrated capabilities enable the company to deliver structural products for diverse ultimate end-use industries including construction, infrastructure, automotive, railways, oil & gas, agriculture, shipbuilding, general and heavy engineering, amongst others in domestic and international markets (Source – CRISIL Report).

The company is primarily a B2B manufacturer, catering to a diversified customer base across multiple sectors. Its operations span 15 states/union territories in India and 21 countries globally, and it has catered to over 225 customers, as on September 30, 2025, enabling it to de-risk and reduce its dependency on any single customer or customer group. Several of its key customers include Jindal Supreme (India) Private Limited, BR Green Industries Private Limited, KNL Driveline Parts Private Limited and Mittal Sales Corporation.