Roopa Screen IPO
Roopa Screen IPO is a BSE SME book-built issue of ₹19.20 crore comprising a Fresh Issue of 30,00,000 equity shares. The price band is ₹60 to ₹64 per share and the lot size is 2,000 shares. The IPO opens on September 24, 2026 and closes on September 28, 20
Roopa Screen IPO Details
Roopa Screen IPO is scheduled to open for subscription on September 24, 2026 and close on September 28, 2026. The basis of allotment is expected to be finalized on September 29, refunds are scheduled to begin on September 30, and shares are expected to be credited to Demat accounts on September 30, 2026. The proposed listing date is October 1, 2026.
Roopa Screen IPO Timeline (Tentative)
Roopa Screen IPO will open for subscription on September 24, 2026 and close on September 28, 2026. The basis of allotment is expected on September 29, followed by refund initiation and credit of shares to Demat accounts on September 30. The shares are scheduled to list on BSE SME on October 1, 2026.
| Event | Tentative Date |
|---|---|
| IPO Open Date | Thu, Sep 24, 2026 |
| IPO Close Date | Mon, Sep 28, 2026 |
| Basis of Allotment | Tue, Sep 29, 2026 |
| Initiation of Refunds | Fri, Oct 30, 2026 |
| Credit of Shares to Demat | Wed, Sep 30, 2026 |
| Listing Date | Thu, Oct 1, 2026 |
| IPO Opens | September 24, 2026 |
| IPO Closes | September 28, 2026 |
| Basis of Allotment | September 29, 2026 |
| Refund Initiation | September 30, 2026 |
| Credit of Shares to Demat | September 30, 2026 |
| Listing Date | October 1, 2026 |
Roopa Screen IPO Lot Size
The Roopa Screen IPO lot size is 2,000 shares. Under the current SME application structure, the minimum Individual Investor application is 2 lots, or 4,000 shares, requiring ₹2,56,000 at the upper price band of ₹64. S-HNI applications start from 3 lots and B-HNI applications from 8 lots.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 4,000 | 2,56,000 |
| 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 |
Roopa Screen IPO Reservation
The Roopa Screen IPO reservation provides 50% of the Net Issue for QIBs, 15% for NIIs and 35% for Individual Investors. The issue also has a separate Market Maker Reservation Portion as prescribed for the SME issue.
Roopa Screen IPO Subscription
Roopa Screen IPO subscription will begin on September 24, 2026. Category-wise subscription figures will be updated after bidding starts.
| Category | Subscription (times) |
|---|---|
| QIB | N.A. |
| NII | N.A. |
| RII | N.A. |
| Total | N.A. |
About Roopa Screen
Roopa Screen Limited was incorporated in 2013 and is engaged in the manufacturing of rotary nickel screens used in rotary screen-printing machines, primarily by textile manufacturers for continuous printing of fabrics. These cylindrical perforated metal screens work as stencils through which printing paste is transferred onto fabrics to create patterns and designs.
The company operates a B2B business model and manufactures different types of rotary screens, including Delta Screens, Penta Screens, Standard Screens and Nova Screens. Its rotary nickel screens are available across different mesh counts and specifications, with the company also providing customised products according to customer requirements.
Roopa Screen serves textile printing customers across India and had supplied rotary nickel screens to more than 200 customers during FY2026. Its major markets include Gujarat, Maharashtra, Haryana, Punjab and Tamil Nadu. As of August 31, 2026, the company had 128 full-time employees.
The company operates from Ahmedabad, Gujarat, and its products are also supplied to international markets. Its manufacturing capabilities, specialised product knowledge and customer relationships form the foundation of its business in the textile printing value chain.
Strengths
- Specialised manufacturer of rotary nickel screens used in continuous textile fabric printing.
- Established business presence since 2013 with specialised manufacturing and technical capabilities.
- Products include Delta, Penta, Standard and Nova Screens, providing multiple product options for textile printing applications.
- The company served more than 200 customers across India during FY2026, with business spread across several major textile markets.
- Revenue increased from ₹35.85 crore in FY2024 to ₹51.32 crore in FY2026, while PAT increased from ₹1.50 crore to ₹6.48 crore during the same period.
- The IPO is entirely a Fresh Issue, allowing the company to raise funds for a new manufacturing facility and working capital requirements.
Risks to Consider
- The company's business is closely linked to demand from the textile printing industry and changes in textile manufacturing activity may affect demand.
- The company operates in a specialised manufacturing segment where product quality, technical expertise and timely delivery are important for retaining customers.
- Fluctuations in raw-material prices, particularly materials used in manufacturing nickel screens, may affect operating margins.
- A significant portion of the business is B2B and therefore depends on continued relationships and orders from textile printing customers.
- Manufacturing operations are subject to operational risks relating to machinery, production processes, maintenance and capacity utilisation.
- The company operates as an SME-listed business, where trading liquidity after listing may differ from larger listed companies.
Roopa Screen Financials (₹ Cr)
Roopa Screen reported revenue of ₹35.85 crore in FY2024, ₹45.63 crore in FY2025 and ₹51.32 crore in FY2026. Profit after tax increased from ₹1.50 crore in FY2024 to ₹4.69 crore in FY2025 and ₹6.48 crore in FY2026. Total assets increased to ₹30.00 crore and net worth to ₹16.37 crore as of March 31, 2026.
| Period | Revenue | PAT | Total Assets | Net Worth |
|---|---|---|---|---|
| FY2024 | 35.85 | 1.50 | 19.66 | 5.21 |
| FY2025 | 45.63 | 4.69 | 22.47 | 9.89 |
| FY2026 | 51.32 | 6.48 | 30.00 | 16.37 |
KPIs & Valuation
Key valuation and return ratios for Roopa Screen — including P/E and per-share earnings — to help gauge how the Roopa Screen IPO is priced.
Objects of the Issue
Roopa Screen proposes to utilise the Net Proceeds of the Fresh Issue primarily for setting up a new manufacturing facility, meeting working capital requirements and general corporate purposes. The company has identified ₹9.40 crore for capital expenditure towards the new manufacturing facility and ₹6.50 crore for working capital requirements.
- The company proposes to utilise the IPO proceeds for:
- Funding capital expenditure towards setting up a new manufacturing facility.
- Funding working capital requirements.
- General corporate purposes.
- The estimated requirement for the new manufacturing facility is ₹9.40 crore, while ₹6.50 crore is proposed towards working capital requirements. The remaining amount, after considering issue-related expenses and the stated requirements, is proposed to be used for general corporate purposes.
Promoters, Lead Managers & Registrar
Roopa Screen Limited is promoted by Ghanshyambhai Ranchhodbhai Thakkar, Kunal Ghanshyambhai Thakker, Bhartiben Ghanshyambhai Thakkar and Preksha Kunal Thakkar. The company was incorporated in April 2013 and was converted from a private limited company to a public limited company in June 2025. Seren Capital Private Limited is the Book Running Lead Manager to the issue and Bigshare Services Private Limited is the Registrar to the Offer. B.N. Rathi Securities Limited is the Market Maker for the issue.
Promoters
Lead Managers (BRLM)
Registrar
| Name | Bigshare Services Private Limited |
|---|---|
| Phone | +91 22 6263 8200 |
| ipo@bigshareonline.com | |
| Website | https://www.bigshareonline.com |
Roopa Screen IPO Review
Roopa Screen operates in a specialised industrial segment by manufacturing rotary nickel screens used in textile printing. Its products are components of rotary screen-printing machines and are primarily supplied to textile manufacturers engaged in continuous fabric printing.
The company has reported growth in its financial performance over the recent periods. Revenue increased from ₹35.85 crore in FY2024 to ₹45.63 crore in FY2025 and ₹51.32 crore in FY2026. PAT increased from ₹1.50 crore in FY2024 to ₹4.69 crore in FY2025 and ₹6.48 crore in FY2026.
The IPO is entirely a Fresh Issue, with the company planning to deploy ₹9.40 crore towards the establishment of a new manufacturing facility and ₹6.50 crore towards working capital requirements. These proposed uses are directed towards capacity and operational requirements rather than an Offer for Sale by existing shareholders.
At the upper price band of ₹64, the IPO has a pre-issue P/E of approximately 7.96x based on FY2026 EPS of ₹8.04, while the post-issue P/E is approximately 10.92x based on post-issue EPS of ₹5.86. Investors evaluating the issue can examine the company's financial performance, specialised manufacturing business, customer base, proposed capacity expansion and risks associated with the textile printing industry.
How to Apply
Roopa Screen IPO applications can be made through ASBA and UPI-supported IPO application facilities provided by eligible banks and stockbrokers. The IPO opens on September 24, 2026 and closes on September 28, 2026.
The minimum Individual Investor application is 4,000 shares, or 2 lots. At the upper price band of ₹64 per share, the minimum application amount is ₹2,56,000.
Through UPI
- Log in to your stockbroker app or website.
- Go to the IPO section.
- Select Roopa Screen IPO.
- Enter the number of lots you want to apply for.
- Enter your UPI ID and submit the IPO application.
- Check the UPI mandate request received from your bank.
- Approve the mandate using your UPI PIN.
- The application amount will be blocked in your linked bank account.
- If shares are allotted, the applicable amount will be debited and the allotted shares will be credited to your Demat account.
Prospectus & Documents
Roopa Screen has published its IPO-related offer documents through its official website and the Book Running Lead Manager. The available offer document contains information relating to the company's business, financial statements, risk factors, objects of the issue and issue structure.
Last updated Sep 23, 2026.