Roopa Screen IPO Details: Key Dates, Price Band & Investment Overview

By Wealthova | Last Updated: September 22, 2026

Roopa Screen Limited, an established player in the textile printing consumables sector, is gearing up to make its primary market debut with an upcoming ₹19.20 Crore SME IPO. Incorporated in 2013, the company specializes in manufacturing high-quality rotary nickel screens—cylindrical perforated metal screens that serve as essential stencils for the continuous printing of fabrics. Operating a highly scalable B2B business model, Roopa Screen supplies its precision consumables to over 200 customers across the Indian textile industry, while also trading in nickel cathodes to secure its crucial raw material supply chain. The subscription window for this book-built issue opens on September 24, 2026, and closes on September 28, 2026. The price band is set between ₹60 to ₹64 per equity share. The offering comprises entirely of a Fresh Issue of 30.00 lakh shares (aggregating to ₹19.20 Crore) with absolutely no Offer for Sale (OFS) component. Retail investors must apply for a minimum of 2 lots (4,000 shares), requiring an investment of ₹2,56,000 at the upper price band. The company plans to utilize the fresh capital primarily to fund capital expenditure for setting up a new manufacturing facility, support working capital requirements, and for general corporate purposes. Set to list on the BSE SME platform, market participants are closely watching this niche manufacturing enterprise, backed by a strong FY26 total revenue of ₹51.32 Crore and a net profit of ₹6.48 Crore. Below, we break down the financial health, industry risk factors, and our honest Smart Market Insights to help you decide if you should subscribe to this issue!



Roopa Screen IPO Details

Quick IPO Factsheet

Bidding Opens

September 24, 2026

Bidding Closes

September 28, 2026

Price Band

₹60 to ₹64

(Book Built)
Lot Size

2,000 Shares

(Min. 2 Lots for Retail)
Total Issue Size

₹19.20 Cr

(30.00 Lakh Shares)
Fresh Issue Size

₹19.20 Cr

(Entirely Fresh Issue)
Retail Category

35.00% Allocation

Face Value

₹10 Base

Market Structure

SME (BSE SME)




Roopa Screen IPO Timeline

IPO Open Date September 24, 2026
IPO Close Date September 28, 2026
Basis of Allotment September 29, 2026
Initiation of Refunds September 30, 2026
Credit to Demat Account September 30, 2026
BSE SME Listing Date October 1, 2026



Deep-Dive Corporate Profile: What Does Roopa Screen Limited Do?

Incorporated in 2013, Roopa Screen Limited is a specialized manufacturing enterprise operating within the Indian textile consumables sector. The company is primarily engaged in the production and distribution of rotary nickel screens, which serve as critical components in rotary screen-printing machines used by textile manufacturers for the continuous, high-volume printing of fabrics.

The company’s core business operations and strategic advantages include:

  • Precision Manufacturing: Roopa Screen manufactures cylindrical, perforated metal screens that act as specialized stencils. These screens allow printing paste to pass through with high precision to create intricate patterns on fabrics.
  • Diverse Product Offerings: The company’s product portfolio caters to various textile requirements, featuring categories such as Delta Screens, Penta Screens, Standard Screens, and Nova Screens, offered in multiple mesh sizes and technical specifications.
  • Strategic Raw Material Trading: In addition to core manufacturing, the company engages in the trading of nickel cathodes. Because nickel cathodes are a crucial raw material for producing nickel screens, this trading activity supports their manufacturing operations by ensuring a steady supply chain and optimizing procurement efficiencies.
  • Established B2B Network: Operating exclusively in the Business-to-Business (B2B) segment, Roopa Screen relies on an in-house sales team to directly serve textile printing plants. In Fiscal 2026, the company successfully supplied its products to over 200 clients across India, with major revenue contributions coming from textile hubs in Gujarat, Maharashtra, Haryana, Punjab, and Tamil Nadu.


Why is the Company Raising Funds? (Objects of the Issue)

The Roopa Screen IPO comprises a ₹19.20 Crore Fresh Issue, meaning the capital raised will be injected directly into the company to fund its expansion rather than cashing out existing promoters. The net proceeds are earmarked for the following primary growth objectives:

  • Capital Expenditure for New Manufacturing Facility: The largest portion of the IPO proceeds, amounting to ₹9.90 Crore, is dedicated to funding capital expenditure. This capital will be utilized to set up a brand-new manufacturing facility adjacent to their existing Sanand unit, significantly expanding their overall production capacity to meet rising industry demand.
  • Funding Working Capital Requirements: To support the scale-up of its operations and expanded manufacturing output, the company has allocated ₹6.00 Crore to meet escalated working capital needs. This will facilitate smoother inventory procurement of nickel cathodes and help manage B2B credit cycles.
  • General Corporate Purposes: The remaining balance of the net proceeds (capped at 15% of gross proceeds) will be deployed toward general corporate activities, issue-related expenses, and maintaining liquidity for day-to-day administrative operations.

🏗️ Capital Expenditure 51.56%

₹9.90 Crore is dedicated to funding capital expenditure for the setup of a brand-new manufacturing facility adjacent to their existing Sanand unit, significantly expanding production capacity.

💼 Working Capital 31.25%

₹6.00 Crore is allocated to meet escalating working capital requirements to support business expansion, facilitating smooth inventory procurement and managing B2B credit cycles.

🏛️ Gen. Corporate & Exp. 17.19%

₹3.30 Crore (Estimated) represents the remaining balance of the gross proceeds, utilized to cover mandatory issue-related expenses and general corporate liquidity.



Company Financials

*All amounts are in ₹ Crores (Restated Consolidated)
📅 Period Ended 📈 Total Income 💼 Net Worth 💰 PAT 🏦 Assets
FY 2024 ₹35.85 ₹5.21 ₹1.50 ₹19.66
FY 2025 ₹45.63 ₹9.89 ₹4.69 ₹22.47
FY 2026 ₹51.32 ₹16.37 ₹6.48 ₹30.00



Roopa Screen IPO Key Performance Indicators (KPIs)

Financial KPI (Mar 31, 2026)* Value
Return on Equity (ROE) 49.37% (FY26)
Return on Capital Employed (ROCE) 39.33% (FY26)
EBITDA Margin 19.72% (FY26)
PAT Margin 12.78% (FY26)
Debt to Equity Ratio 0.45x (FY26)
Return on Net Worth (RoNW) 39.60% (FY26)
Earnings Per Share (EPS) ₹8.04 (Pre-IPO) | ₹5.86 (Post-IPO)
Price/Earning (P/E) Ratio 7.96x (Pre-IPO) | 10.92x (Post-IPO)
Net Asset Value (NAV) ₹20.30 (Pre-IPO)
Price to Book (P/B) 3.15x (At Upper Band)
Market Cap at Offer Price ₹51.63 Cr (Pre-IPO) | ₹70.83 Cr (Post-IPO)



Promoters & Shareholding Pattern

Shareholder Category Pre-IPO Holding Post-IPO Holding
Promoter & Promoter Group 87.40% 63.71%
Public / Institutional / Others 12.60% 36.29%
💡
Smart Market Insights

Roopa Screen Limited is spearheaded by its founding promoter group comprising Ghanshyambhai Ranchhodbhai Thakkar, Kunal Ghanshyambhai Thakker, Bhartiben Ghanshyambhai Thakkar, and Preksha Kunal Thakkar. Entering this public offering, the promoter group held an 87.40% equity stake in the company, with 12.60% held by non-promoter public shareholders. Because the IPO is structured purely as a fresh issuance of ₹19.20 Crore with zero Offer for Sale (OFS), the promoters are not liquidating any personal holding. Post-issue, the promoter group stake will naturally dilute to a majority controlling stake of 63.71%, retaining firm governance over the company's manufacturing expansion and operational roadmap.

Industry Peer Comparison

Company Name EPS (₹) P/E Ratio (Post-IPO) NAV (₹)
Roopa Screen Limited (IPO) 5.86 10.92x 20.30
Stovec Industries Limited 33.04 50.54x 631.12



IPO Strengths & Key Risks

Strengths
Exceptional Financial Scaling & Margins: The company has demonstrated stellar top and bottom-line growth. Total income scaled from ₹35.85 Crore in FY24 to ₹51.32 Crore in FY26. Concurrently, net profit surged more than 4x from ₹1.50 Crore to ₹6.48 Crore, driving an industry-leading FY26 ROE of 49.37% and an EBITDA margin of 19.72%.
Specialized Niche in Textile Consumables: Roopa Screen operates in a highly specialized manufacturing niche. Its diverse portfolio of rotary nickel screens (Delta, Penta, Standard, Nova) acts as a high-precision, recurring consumable for over 200 continuous fabric printing customers across massive textile hubs like Gujarat, Maharashtra, and Tamil Nadu.
Asset-Backed Capacity Expansion: The ₹19.20 Crore IPO is entirely a fresh issue, ensuring zero promoter offloading. By allocating ₹9.90 Crore toward capital expenditure, the company is actively establishing a brand-new manufacturing unit in Sanand to aggressively scale its production capacity and meet growing B2B order books.
Strategic Backward Integration: The company intelligently hedges its supply chain by actively trading in nickel cathodes, the primary raw material for its screens. This trading arm not only adds a secondary revenue stream (11.83% of FY25 revenue) but also secures critical inventory against global supply shocks.
Key Risks
Critical Regulatory Lapses & Shutdowns: The business carries severe regulatory risks. Operations at its Narol facility were actively discontinued in December 2025 due to a lack of valid factory licenses and Gujarat Pollution Control Board (GPCB) consents. This creates immediate capacity and compliance constraints until the new Sanand plant is fully operational.
Extreme Supply Chain Vulnerability: Roopa Screen relies heavily on a deeply concentrated supplier base. In FY26, its top 10 suppliers accounted for a staggering 96.73% of total raw material purchases. Because these materials (nickel) are bought without long-term pricing contracts, the firm is highly exposed to commodity price volatility.
Heavy Sector & Product Concentration: Almost 100% of the company’s manufacturing revenue relies entirely on the cyclical demand of the Indian textile printing industry. Furthermore, a single product variant (Penta Screens) generated 38.54% of FY26 revenue, creating significant product concentration risks if consumer printing trends pivot.
Profit Sustainability Concerns: The explosive profit growth observed between FY24 and FY26 (quadrupling in 24 months) was largely aided by a smaller baseline. Prospective investors must evaluate whether this aggressive margin expansion can be sustained against rising operational overheads and regulatory halts at existing facilities.



💡

Smart Market Insights

Wealthova Verdict: SUBSCRIBE (WITH CAUTION)

Roopa Screen Limited arrives on the BSE SME platform as a highly specialized niche manufacturer in the textile consumables sector. The company produces rotary nickel screens—essential, recurring stencils used by textile mills for high-volume continuous fabric printing. Serving a B2B clientele of over 200 customers across major hubs like Gujarat and Maharashtra, the business has aggressively scaled its operations. Over the last three fiscal years, Total Income climbed steadily from ₹35.85 Crore in FY24 to ₹51.32 Crore in FY26. More impressively, the bottom line expanded more than 4x over the same period, with Profit After Tax (PAT) surging from ₹1.50 Crore to ₹6.48 Crore. This explosive margin expansion has driven the company to report an exceptional FY26 Return on Equity (ROE) of 49.37% and a Return on Capital Employed (ROCE) of 39.33%.

A candid evaluation of Roopa Screen reveals a highly profitable business model currently navigating severe operational crosscurrents. On the positive side, the company operates with strong unit economics, boasting an EBITDA margin of 19.72% and a manageable Debt-to-Equity ratio of just 0.45x. Furthermore, the ₹19.20 Crore IPO is entirely a Fresh Issue, with over half the net proceeds (₹9.90 Crore) dedicated to setting up a new manufacturing plant in Sanand. However, this capex is not just for growth—it is an operational necessity. The company was forced to discontinue operations at its primary Narol facility in December 2025 due to a lack of valid factory licenses and Gujarat Pollution Control Board (GPCB) clearances. Prospective investors must weigh this immediate capacity and regulatory disruption against the promise of the upcoming Sanand facility. Additionally, the firm faces extreme supply chain vulnerability, heavily relying on commodity nickel procured from a concentrated base (top 10 suppliers account for 96.73% of purchases).

At the upper price band of ₹64 per equity share (Face Value ₹10), the IPO is priced attractively at a pre-issue P/E multiple of 7.96x and a post-issue P/E of 10.92x (based on FY26 post-IPO EPS of ₹5.86), alongside a Price-to-Book (P/B) ratio of 3.15x. When benchmarked against its primary listed peer, Stovec Industries Limited, which trades at a lofty 50.54x P/E, Roopa Screen is leaving significant valuation on the table to entice investors. Given the restricted 35% allocation reserved for the Retail category, the issue demands a steep minimum retail commitment of ₹2,56,000 (2 lots / 4,000 shares). Roopa Screen warrants an honest SUBSCRIBE (WITH CAUTION) rating. The cheap valuation and stellar historical return ratios offer undeniable listing gain potential, but the underlying regulatory setbacks and supplier concentration require a strong risk appetite for those holding long-term.

Disclaimer: The information provided above is for educational and informational purposes only and does not constitute financial advice. Initial Public Offerings (IPOs) carry market risks, and equity investments are subject to broader market fluctuations. Wealthova is not a SEBI-registered investment advisor. Always consult with a certified financial planner and conduct your own due diligence before locking up capital in any public issue.



Roopa Screen IPO Key Contacts & Advisors

Role / Entity Contact & Details
📋 IPO Registrar Bigshare Services Pvt. Ltd.

Office No S6-2, 6th Floor, Pinnacle Business Park, Next to Ahura Centre, Mahakali Caves Road, Andheri (East), Mumbai - 400093

🏢 Company Contact Roopa Screen Limited

6, Sudama Estate, Behind Swastik Bansidhar Opp. Sudama Furniture, Narol, Ahmedabad, Gujarat - 382405

Website: roopaindia.in
💼 Merchant Bankers Seren Capital Pvt. Ltd.

Book Running Lead Manager

Office No. 601 to 605, Raylon Arcade, Kondivita, J.B. Nagar, Mumbai, Maharashtra - 400059

Website: serencapital.in



Frequently Asked Questions (FAQs)

What are the opening and closing dates for the Roopa Screen IPO?
The Roopa Screen IPO opens for subscription on September 24, 2026, and closes on September 28, 2026. The basis of allotment will be finalized on September 29, 2026, with the official stock market listing scheduled on the BSE SME platform for October 1, 2026.
What is the minimum lot size and investment required for retail investors?
Retail investors are required to apply for a minimum of 2 lots (4,000 shares). At the upper price band of ₹64 per share, the minimum retail investment required is ₹2,56,000. High Net Worth Individuals (HNI / NII) must apply for a minimum of 3 lots (6,000 shares), amounting to ₹3,84,000.
How can I check the allotment status for the Roopa Screen IPO?
You can check your Roopa Screen IPO allotment status online starting September 29, 2026, using any of the following methods:
  1. Wealthova (Recommended): Check directly on the Wealthova IPO Allotment Status Hub using your PAN number or Application Number for instant verification.
  2. Official Registrar Portal: Visit the official allotment portal of Bigshare Services Pvt. Ltd.
  3. Stock Exchange Portal: Verify directly on the official BSE IPO allotment status page.
Where will the Roopa Screen IPO be listed?
Roopa Screen Limited is an SME public issue, and its equity shares will be listed exclusively on the BSE SME platform on October 1, 2026.
What is the total issue size and price band for the IPO?
The total issue size is ₹19.20 Crore, consisting entirely of a Fresh Issue of 30.00 lakh shares with absolutely no Offer for Sale (OFS) component. It is a book-built issue with a price band set between ₹60 to ₹64 per equity share.
Who is the registrar and lead manager for this public issue?
Bigshare Services Pvt. Ltd. is acting as the official IPO Registrar. The Book Running Lead Manager for the issue is Seren Capital Pvt. Ltd.