Renny Strips IPO

Initial public offer of up to [] equity shares of face value of Rs. 5/- each (equity shares) of Renny Strips Limited (company or issuer) for cash at a price of Rs. [] per equity share (including a share premium of Rs. [] per equity share) (offer price) aggregating up to Rs. [] crores comprising a fresh issue of up to [] equity shares of face value of Rs. 5/- each aggregating up to Rs. 300.00 crores by the company (fresh issue) and an offer for sale of up to 12,000,000 equity shares of face value of Rs. 5/- each aggregating up to Rs. [] crores (offered shares) comprising up to 6,000,000 equity shares of face value of Rs. 5/- each aggregating up to Rs. [] crores by Dev Raj Gupta and up to 6,000,000 equity shares of face value of Rs. 5/- each aggregating up to Rs. [] crores by Usha Gupta (collectively, the selling shareholder) and such offer for sale, together with the fresh issue, the offer. The offer shall constitute []% of the post-offer paid up equity share capital of the company. The company, in consultation with the brlm, may consider an issue of specified securities, aggregating up to Rs.60.00 crores, as may be permitted under the applicable law, at its discretion, prior to filing of the (pre-ipo placement). The pre-ipo placement, if undertaken, will be at a price to be decided by the company, in consultation with the brlm. If the pre-ipo placement is completed, the amount raised pursuant to the pre-ipo placement will be reduced from the fresh issue, subject to the offer being in compliance with Rule 19(2)(b) of the securities contracts (Regulation) rules, 1957, as amended. the pre-ipo placement, if undertaken, shall not exceed 20% of the size of the fresh issue. Prior to the completion of the offer, the company shall appropriately intimate the subscribers to the pre-ipo placement, if undertaken, prior to allotment pursuant to the pre-ipo placement, that there is no guarantee that the company may proceed with the offer, or the offer may be successful and will result into listing of the equity shares on the stock exchanges. Further, relevant disclosures in relation to such intimation to the subscribers to the pre-ipo placement (if undertaken) The face value of equity shares is Rs. 5/- each. The offer price is [] times the face value of the equity shares. The price band and the minimum bid lot will be decided by the company.