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The Economic Times
The Economic Times
Akash Podishetti

Sebi approves IPOs of Renny Strips, Krishna Buildspace and Rodec Pharma

SEBI IPO

Three companies, including Ludhiana-based Renny Strips, have received final observations from capital markets regulator Sebi, clearing the way for their IPOs. Renny Strips, Krishna Buildspace and Rodec Pharmaceuticals have secured the regulator's approval and can now proceed with their public issues within the prescribed timeline.

Renny Strips, which filed its draft papers with Sebi in December 2025, plans to raise up to Rs 300 crore through a fresh issue of shares. The IPO will also include an offer for sale of up to 1.2 crore shares by promoters Dev Raj Gupta and Usha Gupta.

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