In Progress
Valuation
Market Cap
₹70.83 Cr
P/E Ratio
7.96x
P/B Ratio
3.15x
Roopa Screen IPO Dates
Open
Close
Allotment
Refunds
Credit
Listing
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Business Overview
Roopa Screen Limited manufactures rotary nickel screens - cylindrical, perforated metal stencils used in rotary screen-printing machines by textile manufacturers for continuous fabric printing. The company also trades nickel cathodes, a key raw material. Its product range spans Standard, Delta, Penta and Nova variants. Manufacturing is carried out at its Gallops Industrial Park-II facility in Sanand, Ahmedabad, Gujarat, supported by an in-house testing and quality-control lab, alongside a godown in Surat and a sales depot in Panipat, Haryana. In Fiscal 2026, the company served over 200 customers across 11 states, with Gujarat, Maharashtra, Haryana, Punjab and Tamil Nadu as key markets, and reported revenue from operations of Rs. 50+ Crs.
Lots & IPO Size
Roopa Screen IPO Lot Size
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Ind (Min) | 2 | 4,000 | ₹2,56,000 |
| Ind (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 |
Market Maker
₹2.10 L
Employee
₹0.00
Shareholder
₹0.00
Roopa Screen IPO Size
Total
₹19 Cr
Fresh Issue
₹19 Cr
(0.30 Cr
Shares)
Offer For Sale
₹0
(0.00
Shares)
Objects of the Issue
Funding of capital expenditure towards setup of a new manufacturing facility
Funding of Working Capital Requirements
General Corporate Purposes & Issue Expenses
Total
Key Risk Factors
The company discontinued manufacturing at its Narol unit due to missing statutory approvals; any regulatory action or delay in the new facility could adversely affect its business.
Key Risk Factors
The company discontinued manufacturing at its Narol unit due to missing statutory approvals; any regulatory action or delay in the new facility could adversely affect its business.
The company's business depends on the textile industry, its primary end-use segment; any slowdown or adverse development in this sector could hurt its business and results.
The company derives a significant share of revenue from its Penta Screen product line - 38.54%, 39.28% and 42.24% of revenue from operations in FY26, FY25 and FY24 respectively.
The company requires various statutory approvals, licenses and permits, including for its Narol facility; failure to obtain, renew or maintain these could adversely affect operations.
The company's revenue depends on a limited number of customers without firm long-term commitments; its top 10 customers accounted for 34.53% of revenue from operations in FY26.
The company has no long-term supplier agreements for raw materials; nickel and related inputs cost 47.08% of revenue from operations in FY26, exposing it to price and supply risk.
The company does not own its manufacturing facility, godown, sales depot or registered office, which are leased from its Promoters and Directors; non-renewal could disrupt operations.
The company's new manufacturing facility at Sanand requires substantial capital outlay before generating returns and is subject to construction delays, cost overruns and funding risk.
Any disruption or shutdown of the company's manufacturing operations at its existing Ahmedabad facility, including power outages or equipment breakdown, could adversely affect business.
The company's operations are geographically concentrated in Gujarat, which accounted for 58.93% of revenue in FY26; adverse regional developments could significantly affect its business.
Roopa Screen IPO Details Live GMP
GMP
₹13
Est. Price
₹77
Est. Gain
20.31%
| Date | GMP (₹) | Est. Price |
|---|---|---|
| 22 Sep | ₹13 (20.3%) | ₹77 |
Roopa Screen IPO Peer Comparison
(Rs. in crores)
| Particulars | Roopa Screen | Stovec Industries |
|---|---|---|
| Revenue | 50.73 | 198.11 |
| PAT | 6.48 | 6.90 |
| EPS (₹) | 8.04 | 33.04 |
| NAV (₹) | 20.30 | 631.12 |
| RONW | 39.60% | 5.37% |
| EBITDA | 19.72% | 6.68% |
| PAT Mrgn | 12.78% | 3.48% |
| PE Ratio | 7.96 | 50.54 |
All information pertains to FY 2025-26. PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of September 7, 2026 for Peers
Roopa Screen IPO Financial Performance
(Rs. in crores)
| Particulars | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| Revenue | 50.73 | 45.34 | 35.71 |
| Profit | 6.48 | 4.69 | 1.50 |
| Net Worth | 16.37 | 9.89 | 5.21 |
| Borrowings | 7.42 | 7.03 | 8.98 |
| Assets | 30.00 | 22.47 | 19.66 |
| NAV (₹) | 20.30 | 12.26 | 6.45 |
| EPS (₹) | 8.04 | 5.81 | 1.86 |
Key Performance Indicators (KPIs)
Debt to Equity
0.45
All the data pertains to FY 2025-26. PE, PB, and market capitalization are calculated based on the Upper Price Band.
Financial Margin Trends
Roopa Screen IPO Financial Statements
(Rs. in crores)
| Particulars | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| Revenue from Ops | 50.73 | 45.34 | 35.71 |
| Other Income | 0.59 | 0.29 | 0.14 |
| Total Income | 51.32 | 45.63 | 35.85 |
| Cost of Revenue | 32.14 | 28.91 | 24.77 |
| Changes in Inventories | -1.47 | -0.42 | -0.97 |
| Employee Expense | 3.93 | 3.54 | 2.92 |
| Finance Costs | 0.73 | 0.91 | 1.29 |
| Depreciation | 1.24 | 1.28 | 1.15 |
| Other Expenses | 6.06 | 5.14 | 4.67 |
| Total Expenses | 42.63 | 39.36 | 33.83 |
| Profit Before Tax | 8.69 | 6.27 | 2.01 |
| Tax Expense | 2.20 | 1.58 | 0.51 |
| Profit After Tax | 6.48 | 4.69 | 1.50 |
| EPS — Basic (₹) | 8.04 | 5.81 | 1.86 |
| EPS — Diluted (₹) | 8.04 | 5.81 | 1.86 |
| Particulars | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| Equity Share Capital | 8.07 | 1.15 | 1.15 |
| Reserves & Surplus | 8.31 | 8.74 | 4.05 |
| Total Equity | 16.37 | 9.89 | 5.21 |
| Total Borrowings | 7.42 | 7.03 | 8.98 |
| Trade Payables | 4.76 | 4.35 | 4.54 |
| Other Liabilities | 1.45 | 1.21 | 0.94 |
| Total Equity & Liab | 30.00 | 22.47 | 19.66 |
| Fixed Assets | 6.76 | 6.57 | 6.77 |
| Inventories | 6.98 | 4.09 | 4.49 |
| Trade Receivables | 12.78 | 10.26 | 7.02 |
| Cash & Bank B | 0.30 | 0.24 | 0.29 |
| Other Assets | 3.18 | 1.30 | 1.09 |
| Total Assets | 30.00 | 22.47 | 19.66 |
| Particulars | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| Cash Flow from Operating Activities | 2.85 | 3.81 | 5.86 |
| Cash Flow from Investing Activities | -2.58 | -1.01 | -2.93 |
| Cash Flow from Financing Activities | -0.34 | -2.86 | -2.99 |
| Net Change in Cash & Equivalents | -0.07 | -0.06 | -0.05 |
| Cash & Equivalents at End of Period | 0.07 | 0.14 | 0.20 |
Promoter Holding
Promoter
87.39%
Public
12.61%
Kunal Ghanshyambhai Thakker
38.26%
Ghanshyambhai Ranchhodbhai Thakkar
34.92%
Bhartiben Ghanshyambhai Thakkar
5.43%
Preksha Kunal Thakkar
6.61%
Deval Ghanshyambhai Thakkar
2.17%
Management
Ghanshyambhai Ranchhodbhai Thakkar
Age: 75
Chairman & MD
Remuneration
₹₹6.00 Lakh p.a. max per appointment terms (₹24.00 Lakh actually paid in FY 2025-26)
Education
B.Sc. (Gujarat University, 1971)
Prior Experience
Over 35 years in manufacturing/trading of textile-mill machinery spare parts, textile chemicals and rotary nickel screens; founded Roopa Engineers in 1991.
Kunal Ghanshyambhai Thakker
Age: 44
WTD & CFO
Remuneration
₹₹6.00 Lakh p.a. max per appointment terms (₹30.00 Lakh actually paid in FY 2025-26)
Education
B.Com. (Gujarat University, 2003)
Prior Experience
Approx. 20 years in the same industry; partner in Roopa Engineers since 2005; led the founding of the Company’s screen manufacturing.
Preksha Kunal Thakkar
Age: 44
ED
Remuneration
₹₹6.00 Lakh p.a. max per appointment terms (₹18.00 Lakh actually paid in FY 2025-26)
Education
B.Com. (Gujarat University, 2003)
Prior Experience
9 years heading HR and Administration at the Company; no prior positions before joining.
Registrar & Lead Managers
Registrar
Bigshare Services
Lead Managers (1)
Company Details
Name: Roopa Screen Limited
Address: 6, Sudama Estate, Behind Swastik Bansidhar Opp. Sudama Furniture, Narol, Ahmedabad, Gujarat, India -382405
Number: 079-29755557
Email: info@roopaindia.in
Website: https://www.roopaindia.in
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Frequently Asked Questions (FAQs)
What is Roopa Screen IPO?
Roopa Screen IPO is a SME IPO having an issue size of
₹19 Crs.
Roopa Screen IPO is priced at
₹60 - ₹64 per
share.
The
issue opens on 24 Sep 26
and
closes on 28 Sep 26.
When will Roopa Screen IPO open?
Roopa Screen IPO opens on
24 Sep 26 and closes on
28 Sep 26.
What is the GMP of Roopa Screen IPO?
The estimated Grey Market Premium of Roopa Screen IPO is
₹13 per share (20.31%).
What is the lot size of Roopa Screen IPO?
The minimum lot size of Roopa Screen IPO is
2000 shares & the minimum application amount
is
Rs.
128000.
When is the allotment of Roopa Screen IPO?
The allotment date of Roopa Screen IPO is
29 Sep 26.
What is the listing date of Roopa Screen IPO?
The listing date of Roopa Screen IPO is
01 Oct 26.
What is the subscription of Roopa Screen IPO?
Roopa Screen IPO is subscribed
-.
What is the price band of Roopa Screen IPO?
Roopa Screen IPO is priced at
₹60 - ₹64 per
share.
How to check allotment status of Roopa Screen IPO?
Click the allotment link on Roopa Screen IPO page of IPO360.
How to apply Roopa Screen IPO in Zerodha?
- Go to Kite App → Tap on Bids → Tap on IPO
- Select the IPO → Tap on apply → Enter UPI ID
- Enter Qty and Price
- Submit the application
- Approve the UPI Mandate on your UPI app
How to apply Roopa Screen IPO in Groww?
- Go to Groww App → Stocks Section → Select IPO option
- Select the IPO you want to apply
- Enter your bid details and price
- Enter UPI ID & submit
- Approve the UPI Mandate on your UPI app
How to apply Roopa Screen IPO using ASBA?
- Log in to your bank's net banking portal.
- Navigate to the 'IPO' or 'ASBA' section.
- Select Roopa Screen IPO from the list of available IPOs.
- Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
- Submit the application.
- Money will remain blocked till the refund date
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