Renny Strips files IPO papers with SEBI to raise Rs 300 crore via fresh issue

• Renny Strips filed DRHP with SEBI for an IPO to raise up to Rs 300 crore via fresh issue.
• Promoters Dev Raj Gupta and Usha Gupta plan to sell 1.2 crore equity shares through an offer-for-sale.
• Proceeds will fund a new manufacturing unit in Ludhiana, upgrade existing units, and repay Rs 55 crore of debt.
• The company reported a profit of Rs 23.7 crore on revenue of Rs 487.8 crore for the six months ended September 2025.
• Renny Strips' FY25 profit increased by 71.4% to Rs 19.7 crore, while revenue declined 3% to Rs 856.2 crore.

Why It Matters: This IPO offers a new investment opportunity in the manufacturing sector.