Sebi Greenlights IPO Plans for Three Companies

Rodec Pharma, Renny Strips, and Krishna Buildspace have received approval from Sebi to initiate IPOs. The companies submitted their filings between December 2025 and January 2026, with formal observations granted in late May. Each plans distinct uses for the funds as they move towards public trading.

The Securities and Exchange Board of India (Sebi) has officially approved the plans of Rodec Pharma, Renny Strips, and Krishna Buildspace to launch their initial public offerings (IPOs). The regulatory approval was documented in filings updated on Friday.

Rodec Pharma, a major player in veterinary pharmaceuticals, has planned an offer-for-sale of 56.5 lakh shares exclusively through promoter Mukesh Kumar Gupta, and the firm will not retain any IPO-generated funds. It has been operational since 1997, offering animal feed supplements via its Ghaziabad facility.

Renny Strips, a manufacturer of steel structural products, aims to raise Rs 300 crore through a fresh issuance of shares, alongside an offer for sale by its promoters. The funds will support an expansion in Ludhiana, debt reduction, and corporate purposes.

Krishna Buildspace, a construction firm out of Gujarat, seeks to offer 90 lakh new shares and sell 9 lakh shares from its promoters in their IPO. Since its establishment in 1995, the firm has finished 82 projects. All three companies plan to list on the BSE and NSE.