About Roopa Screen IPO
Roopa Screen IPO Details
Roopa Screen IPO is a 100% book-built issue of ₹19.20 crore, entirely a fresh issue, with a face value of ₹10 per share. The company filed its DRHP with SEBI on September 29, 2025.
The price band of ₹60 to ₹64 per share and the lot size for an application of 2,000 shares. The minimum amount of investment required by an individual investor is ₹2,56,000 (4,000 shares). The IPO will be open for subscription from September 24 to 28, 2026, on the BSE SME platform, with a tentative listing date fixed as Oct 1, 2026.
The book-running lead manager of the issue is Seren Capital Private Limited and the registrar to the issue is Bigshare Services Private Limited.
Roopa Screen IPO Date & Timeline
The Roopa Screen IPO is officially set to open for subscription on Sep 24, 2026 and will close on Sep 28, 2026. The company initially filed its Draft Red Herring Prospectus (DRHP) on September 29, 2025 and has now finalized its schedule following SEBI approval. Once the subscription window closes, allotment is expected on Sep 29, 2026. Following this, the firm will initiate refunds and credit shares to successful investors' demat accounts on Sep 30, 2026. Finally, shares of Roopa Screen Ltd. are tentatively scheduled to list on the stock exchanges on Oct 1, 2026.
Roopa Screen IPO Timeline
| IPO Open Date | Thu, Sep 24, 2026 |
| IPO Close Date | Mon, Sep 28, 2026 |
| Basis of Allotment | Tue, Sep 29, 2026 |
| Initiation of Refunds | Wed, Sep 30, 2026 |
| Credit of Shares to Demat | Wed, Sep 30, 2026 |
| Listing Date | Thu, Oct 1, 2026 |
Roopa Screen IPO Details
| Detail | Description |
|---|---|
| IPO Date | 24 to 28 Sep, 2026 |
| Listing Date | 1 Oct, 2026 |
| Face Value | ₹ 10 Per Equity Share |
| Issue Price Band | ₹ 60 to ₹ 64 |
| Lot Size | 2,000 Shares |
| IPO Type | Fresh capital only |
| Total Issue Size | 30,00,000 shares (agg. up to ₹ 19 Cr) |
| Reserved for Market Maker | 2,10,000 shares (agg. up to ₹ 1 Cr) B.N.Rathi Securities Ltd. |
| Fresh Issue(Ex Market Maker) | 27,90,000 shares (agg. up to ₹ 18 Cr) |
| Net Offered to Public | 27,90,000 shares (agg. up to ₹ 18 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 80,67,500 shares |
| Share Holding Post Issue | 1,10,67,500 shares |
Roopa Screen IPO GMP (Grey Market Premium)
“Grey Market Premium” or GMP is defined as the rate at which the IPO's shares are traded in the market before they are officially listed on the stock exchange.
The Roopa Screen IPO GMP is currently trading at ₹8, reflecting the sentiment of unofficial investors before the official listing. This premium suggests a potential listing price of ₹72, which is 12.50% above the issue price. While the Grey Market Premium is a key indicator of demand and investor appetite, it is important to remember that GMP is highly volatile and should not be the sole factor in your investment decisions.
IPO Estimated Listing Return
Based on the IPO Price of ₹64 (highest price band), the latest uploaded Grey Market Premium (GMP) of ₹8 and a lot size of 2000 shares.
Roopa Screen IPO GMP TREND (DAILY UPDATES)
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| 24 Sep 2026 | ₹64 | ₹8 | 24 Sep, 202610:50 AM |
| 23 Sep 2026 | ₹64 | ₹14 | 23 Sep, 202610:27 AM |
| 22 Sep 2026 | ₹64 | ₹14 | 22 Sep, 202606:28 PM |
| 21 Sep, 2026 | ₹64 | ₹0 | 21 Sep, 202612:56 PM |
Company Background
Roopa Screen Ltd. was incorporated on April 12, 2013, operates from Ahmedabad, Gujarat, primarily engaged in manufacturing rotary nickel screens used in rotary screen-printing machinery.
These screens manufactured by Roopa are cylindrical perforated metal components that work as stencils during continuous textile printing. Depending on the application, the company manufactures screens with different mesh counts, thicknesses and repeat sizes. Because screens require periodic replacement depending on production intensity and usage, they function as consumable components for textile manufacturers.
Then, on June 02, 2025, the company was converted into a public limited company with a fresh certification of incorporation to proceed with its public listing procedures.
Operations & Product Range
Roopa Screen Ltd.’s principal activity is manufacturing rotary nickel screens for textile printing applications. Its product variants include Standard, Delta, Penta and Nova screens. Standard screens are used for general printing applications, while Delta screens are designed for finer detailing. Penta screens cater to applications involving heavier paste flow and background printing, and Nova screens are designed for environments requiring extended usage and fine-mesh output. The company primarily operates in the B2B market and sells to textile printing units. It also undertakes trading of nickel cathodes, a key input used in screen manufacturing.
Facilities & Capacity
Roopa Screen Ltd. currently carries out manufacturing from its operational facility at Sanand, Ahmedabad. The plant has installed capacity of 74,400 screens per annum and recorded capacity utilisation of approximately 96.51% in FY26. The company previously operated another manufacturing unit at Narol, Ahmedabad, but manufacturing there was discontinued with effect from December 15, 2025 due to non-possession of certain statutory approvals.
Roopa Screen now proposes to establish a new manufacturing facility adjacent to its existing Sanand operation. The expansion is expected to increase installed capacity from 74,400 screens to approximately 1,63,200 screens annually. The new facility is also intended to enable manufacturing of 1,018-mm diameter screens, alongside the company's existing 640-mm, 819-mm and 914-mm sizes.
Brands & Market Presence
Roopa Screen sells rotary nickel screens under product variants such as Standard, Delta, Penta and Nova. Its customer base is predominantly domestic, with FY26 sales spread across several textile-producing states, with the achievement of certifications including ISO 9001:2015, ISO 45001:2018 and ISO 14001:2015 for manufacturing, supply and export of textile machinery parts such as nickel rotary screens.
The company reported more than 200 customers during FY26, as Gujarat, Maharashtra, Haryana, Punjab and Tamil Nadu represented important markets, with additional business in states including Rajasthan, Uttar Pradesh and Madhya Pradesh.
Revenue Streams & Business Model
Roopa Screen follows a mainly B2B business model. Its main revenue stream comes from manufacturing and selling rotary nickel screens to textile-sector customers. A secondary revenue stream comes from trading nickel cathodes, representing 16.88% of revenue from operations in FY26, compared with 11.83% in FY25. The sharp increase shows that trading contributed more meaningfully to the revenue mix in the latest year, although the company continues to describe manufacturing as its core operation.
Financial Performance
Roopa Screen Ltd. has reported growth in both revenue and profitability; revenue increased from ₹45.34 crore in FY25 to ₹50.73 crore in FY26, representing a 12% increase. Profit after tax (PAT) increased from ₹4.69 crore in FY25 to ₹6.48 crore in FY26, showing a 38% increase, with a PAT margin of 12.78% in FY26. Also, the company has mentioned its EBITDA from ₹8.13 crore in FY25 to ₹10 crore in FY26, with an EBITDA margin of 19.72%.
Management & Shareholding
Roopa Screen Ltd. is promoted by Ghanshyambhai Ranchhodbhai Thakkar, Kunal Ghanshyambhai Thakker, Bhartiben Ghanshyambhai Thakkar and Preksha Kunal Thakkar. Before the IPO, the promoters held an 87.40% stake in the company, but after the IPO, the promoters’ shareholding will be diluted to 63.71%, as the offering includes 27,90,000 fresh shares.
Board & Key Management
The leadership of Roopa Screen Ltd. is led by a team of experts with many years of experience. Ghanshyambhai Ranchhodbhai Thakkar serves as the Chairman & Managing Director and gives strategic direction to the firm, as well as manages the daily operations, along with Whole-Time Director Kunal Ghanshyambhai. To ensure good governance, the board includes Independent Directors Uttam Rewatchand Bhandari and Ankitkumar Ramkishan Agarwal for honest oversight. Together, this team uses its knowledge to help the company grow and stay successful.
Roopa Screen IPO Financial Information
Latest Revenue
₹ 50.73 Cr
Profit After Tax
₹ 6.48 Cr
Net Worth
₹ 16.37 Cr
Total Borrowing
₹ 7.03 Cr
| Period Ended | Assets | Revenue | Profit (PAT) | Net Worth | Reserves | Borrowing |
|---|---|---|---|---|---|---|
| 31 Mar 2026 | 30.00 | 50.73 | 6.48 | 16.37 | 8.31 | — |
| 31 Mar 2025 | 22.47 | 45.34 | 4.69 | 9.89 | 8.74 | 7.03 |
| 31 Mar 2024 | 19.66 | 35.71 | 1.50 | 5.21 | 4.05 | 8.98 |
| Amount in ₹ Crore | ||||||
Roopa Screen Key Performance Indicator
| KPI | Values(31 Mar 2026) |
|---|---|
| ROE | 49.37 % |
| ROCE | 39.33 % |
| Debt/Equity | 0.45 |
| RoNW | 39.60 % |
| PAT Margin | 12.78 % |
| EBITDA Margin | 19.72 % |
| Price to Book Value | 0.75 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 8.04 | 5.86 |
| P/E (x) | 7.96 | 10.92 |
Roopa Screen IPO Objectives
Roopa Screen Ltd. intends to utilise the IPO proceeds for the following strategic purposes:
- • Funding towards the capital expenditure for setting up a new manufacturing facility
- • Funding the working-capital requirements
- • General corporate purposes
Roopa Screen IPO Review
From a business perspective, Roopa Screen operates in a specialised segment of textile-printing consumables. Rotary nickel screens are recurring-use products for textile printing operations, while the company's range of screen specifications allows it to address different printing requirements.
Financially, the company has recorded growth in revenue and PAT across FY2024-FY2026, with improvement in PAT margins. Capacity utilisation at the existing Sanand facility reached 96.51% in FY2026, providing context for the proposed capacity expansion.
Important dependencies also deserve attention. Nickel cathodes are a critical raw material and fluctuations in nickel pricing can affect the cost structure. Supplier concentration is significant: the company's largest supplier represented 56.35% of FY2026 purchases, while its top three suppliers accounted for 90.32%.
Investors may also consider execution risk relating to the new facility, working-capital requirements, the earlier closure of manufacturing at the Narol facility, pending trademark proceedings and regulatory compliance matters. A valuation conclusion cannot currently be made because the Roopa Screen IPO Price Band and issue price are unavailable.
Conclusion
Roopa Screen IPO represents a manufacturer of rotary nickel screens primarily serving textile-printing customers that is going to list on the BSE SME platform. Also, the company has reported increasing revenue of 12% and profitability by 38% over FY25-FY26. With this listing, the company aims to set up its new manufacturing facilities and meet its working capital requirements. Investors evaluating the issue may need to monitor raw-material exposure, supplier concentration, execution of the new facility, regulatory matters and the final valuation.
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Competitive Strengths
Specialised manufacturing presence in rotary nickel screens used by textile-printing businesses.
Multiple product variants and technical specifications for different printing applications.
More than 200 customers served in FY26 across several Indian states.
Existing Sanand facility operated at 96.51% capacity utilisation in FY26.
Proposed expansion from 74,400 to approximately 1,63,200 screens annually.
Promoters have disclosed experience in textile machinery, chemicals and rotary nickel screen businesses.
Download regulatory filings
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 4,000 | 2,56,000 |
| Individual investors (Retail) (Max) | 2 | 4,000 | 2,56,000 |
| S-HNI (Min) | 3 | 6,000 | 3,84,000 |
| S-HNI (Max) | 7 | 14,000 | 8,96,000 |
| B-HNI (Min) | 8 | 16,000 | 10,24,000 |