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Roopa Screen Ltd IPO
Roopa Screen Ltd
₹2,40,000 /4000 sharesMinimum investment
IPO listing details
Listed on
1 Oct '26
Issue price
₹64.00
Listing price
₹121.60
Listing gains
₹57.60 (90.00%)
Exchange
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IPO details
Minimum investment
₹2,40,000
Price range
₹60 - ₹64
Lot size
2,000
Issue size
19.20 Cr
Face value
10
IPO document
Subscription rate
Qualified Institutional Buyers44.81x
Non-Institutional Investor279.97x
Retail Individual Investor510.47x
Total246.31x
As of 28 Sep'26, 04:55 PM
Schedule
24 Sep 2026
IPO open date
28 Sep 2026
IPO close date
29 Sep 2026
Allotment date
29 Sep 2026
Funds unblock or debit
1 Oct 2026
Tentative listing date
About
Founded in
2013
MD/CEO
Mr Ghanshyambhai Thakkar
Parent organisation
Roopa Screen Ltd
Roopa Screen Financials
Revenue
Total Assets
Profit
All values are in ₹ Cr
Strengths & Risks
Strengths
Risks
The company operates its rotary nickel screen manufacturing facility at Gallops Industrial Park-II, Sanand, Ahmedabad, Gujarat. It claims to have an in-house testing laboratory and quality control infrastructure to monitor product quality at different stages of production.
In FY26, the company generated 99.69% of its revenue from domestic sales across 11 states, while 0.31% came from exports to Sri Lanka. Gujarat, Maharashtra, Haryana, Punjab, and Tamil Nadu together contributed 96.58% of the total revenue from operations.
The company has maintained relationships with several customers in the textile printing industry, with some customers associated with it for the last five financial years. It has a seven-member sales and marketing team handling customer communication, product requirements, and new business development.
Promoter Ghanshyambhai Ranchhodbhai Thakkar has more than three decades of experience, while promoter Kunal Ghanshyambhai Thakker has nearly two decades of experience in manufacturing and trading textile mill machinery spare parts, textile chemicals, and rotary nickel screens.
The company’s manufacturing facility is located in Ahmedabad, Gujarat, which the company identifies as a textile hub. The location provides proximity to suppliers and customers, while Gujarat accounted for 58.93% of its revenue from operations in FY26.
The company has witnessed a consistent increase in its revenue from operations and profit after tax (PAT). Revenue from operations increased from Rs 35.70 crore in FY24 to Rs 45.34 crore in FY25 and Rs 50.73 crore in FY25. PAT increased from Rs 1.50 crore in FY24 to Rs 4.68 crore in FY25 and Rs 6.48 crore in FY26.
The company derives a significant portion of its revenue from Penta Screens. Sales of Penta Screens contributed Rs 19.52 crore (38.54%), Rs 17.78 crore (39.28%), and Rs 15.06 crore (42.24%) to revenue from operations in FY26, FY25, and FY24, respectively. Any decline in demand due to changes in customer preferences, substitute products, technological developments, regulatory changes, or a slowdown in the textile printing industry could adversely affect the company’s business and financial condition.
The company has faced regulatory issues relating to statutory approvals at its manufacturing facilities. Due to non-possession of certain approvals under the Factories Act, 1948, and applicable environmental laws, it discontinued manufacturing operations at its Narol, Ahmedabad, unit from December 15, 2025. If the company faces any regulatory proceedings or penalties relating to past operations or delays in obtaining or renewing required approvals, it could result in financial liabilities and disruption to operations.
The company depends on a limited number of customers for a significant portion of its revenue. Its top 10 customers contributed Rs 17.52 crore (34.53%), Rs 12.34 crore (27.22%), and Rs 11.93 crore (33.40%) to revenue from operations in FY26, FY25, and FY24, respectively. The company has not entered into long-term agreements with its customers, and any loss of major customers, reduction or delay in orders, or payment defaults could adversely affect its business, financial condition, and cash flows.
The company is highly dependent on a limited number of suppliers for its raw materials. Its top 10 suppliers accounted for Rs 32.46 crore, representing 96.73% of total purchases in FY26, while the top three suppliers accounted for 90.32%. The company does not have long-term supply agreements with these vendors, and any supply disruption, price increase or deterioration in raw material quality could adversely affect its production, margins and financial performance.
The company’s manufacturing operations and sales are concentrated in a few geographical regions. Its manufacturing facility is located in Ahmedabad, Gujarat, which contributed Rs 29.89 crore (58.93%) of revenue from operations in FY26. Gujarat, Maharashtra, Haryana, Punjab, and Tamil Nadu together contributed Rs 48.99 crore (96.58%) of revenue from operations in FY26, making the company exposed to adverse economic, environmental, social or other regional developments in these areas.
The company, its directors, and promoters are involved in outstanding legal proceedings. Any adverse decisions in these matters could affect the company’s cash flows and profit or loss to the extent of the demand amounts, interest, and penalties. Such proceedings may also divert management time and attention and adversely affect the company’s business, financial condition and results of operations.
The company had contingent liabilities of Rs 3.77 crore as of March 31, 2026. Any adverse outcome or materialisation of these liabilities could affect the company’s financial position, results of operations and cash flows.
The company had outstanding financial indebtedness of Rs 11.78 crore as of March 31, 2026. Any failure to service or repay its borrowings on time could adversely affect the company’s business, financial condition, and cash flows.
The company had trade receivables of Rs 12.78 crore as of March 31, 2026. Any delay or failure in collecting these receivables could increase working capital requirements and adversely affect the company’s cash flows and financial condition.
Application details
For Roopa Screen IPO, eligible investors can apply as Individual investor.
| Apply as | Price band | Apply range | Lot size |
|---|---|---|---|
| Individual investor | ₹60 - ₹64 | ₹2 - ₹5 Lakhs | 2000 |
About
Objectives of Roopa Screen IPO Proceeds
|
Particulars |
Estimated Amount (in ₹ Cr.) |
|
Funding of capital expenditure towards setup of a new manufacturing facility |
9.91 |
|
Funding of Working Capital Requirements |
6.00 |
|
General corporate purposes |
[.] |
|
Total |
[.] |
Book Running Lead Manager & Registrar of Roopa Screen IPO
|
Book Running Lead Manager |
Seren Capital Private Limited |
|
Registrar to the Issue |
Bigshare Services Private Limited |
Key Performance Indicators (KPIs) of Roopa Screen Ltd.
|
KPI |
Value (for the fiscal year ended March 31, 2026) |
|
ROE (%) |
49.37 |
|
ROCE (%) |
39.33 |
|
EBITDA Margin (%) |
19.72 |
|
PAT Margin (%) |
12.78 |
|
Debt-to-equity Ratio (times) |
0.45 |
|
Return on Net Worth (RoNW) (%) |
39.60 |
|
Net Asset Value (NAV) per Equity Share (₹) |
20.30 |
|
EPS (Pre-IPO) (₹) |
8.04 |
Roopa Screen IPO Contact Details
|
Company Name |
Roopa Screen Limited |
|
Registered Office |
6, Sudama Estate, Behind Swastik Bansidhar Opp. Sudama Furniture, Narol, Ahmedabad - 382405 Gujarat, India. |
|
Phone |
079 29755557 |
|
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|
|
Website |
Roopa Screen IPO Registrar Contact Details
|
Company Name |
Bigshare Services Private Limited |
|
Phone |
+91 22 6263 8200 |
|
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Website |