Roopa Screen IPO Review: Key Details, Company Overview and Financials
- September 22, 2026
- Posted by: Harsh Piplani
- Category: IPO
Roopa Screen IPO price band Rs 60 to Rs 64. Opens 24 Sep, closes 28 Sep 2026. Issue size Rs 19.20 Cr. Lists 1 Oct on BSE SME.
Quick Answer
The Roopa Screen IPO is a Rs 19.20 crore bookbuilding SME issue priced between Rs 60 and Rs 64 per share, open for bidding from 24 to 28 September 2026. The Ahmedabad based manufacturer of rotary nickel screens used in textile fabric printing is raising the entire issue as a fresh issue, with no offer for sale. Shares are proposed to list on BSE SME around 1 October 2026, on the back of strong multi-year revenue and profit growth and healthy return ratios.
The Roopa Screen IPO is a bookbuilding issue consisting entirely of a fresh issue of shares worth Rs 19.20 crore, with no offer for sale component. The IPO will open for subscription on 24 September 2026 and close on 28 September 2026. The allotment is expected to be finalised on 29 September 2026, while the shares are proposed to list on the SME platform of BSE around 1 October 2026.
The Roopa Screen IPO price band is set at Rs 60 to Rs 64 per share, with a lot size of 2,000 shares. Individual investors must apply for a minimum of 2,000 shares, requiring an investment of Rs 1,28,000 at the upper price band.
Hem Securities Ltd. and Share India Capital Services Pvt. Ltd. are the book-running lead managers for the Roopa Screen IPO, while Purva Sharegistry (India) Pvt. Ltd. is the registrar to the issue.
For detailed information on the company’s business, financials, risk factors and the proposed utilisation of proceeds, investors should refer to the Roopa Screen IPO Red Herring Prospectus (RHP) before making an investment decision.
Click Here – Get Free Investment Predictions
Company Overview
Incorporated in April 2013 and converted to a public limited company in June 2025, Roopa Screen Limited operates in a specialised industrial segment, manufacturing rotary nickel screens used by textile manufacturers for continuous fabric printing. The company follows a B2B model, serving customers directly through its in-house sales team, and supplied products to more than 200 customers across India during FY2026, with major markets in Gujarat, Maharashtra, Haryana, Punjab and Tamil Nadu.
Manufacturing operations are conducted at Sanand in Ahmedabad, Gujarat. As of 31 August 2026, the company employed 128 permanent employees. Roopa Screen’s product is a specialised, high-precision component within the broader textile printing value chain, supporting continuous fabric printing processes used by textile manufacturers.
Read on for the complete Roopa Screen IPO details, including price band, lot size, listing timeline and the company’s financial track record.
IPO Details
| Particulars | Details |
|---|---|
| IPO Date | 24 to 28 September 2026 |
| Allotment | Tue, 29 September 2026 |
| Listing Date | Thu, 1 October 2026 (tentative) |
| Face Value | Rs 10 per share |
| Price Band | Rs 60 to Rs 64 |
| Lot Size | 2,000 Shares |
| Issue Type | Bookbuilding IPO |
| Sale Type | Fresh Issue only (no OFS) |
| Total Issue Size | Aggregating up to Rs 19.20 Cr |
| Fresh Issue | Aggregating up to Rs 19.20 Cr |
| Offer for Sale | Nil |
| Investor Reservation | QIB: 50%; Retail: 35%; NII (HNI): 15% of the net offer |
| Listing Exchange | BSE SME |
(Compiled from the RHP/DRHP and market updates)
Industry Context
- Rotary screen printing remains a widely used technology in India’s textile printing industry, valued for enabling continuous, high-volume fabric printing with consistent design repeatability.
- Nickel rotary screens are precision-manufactured components requiring specialised production expertise, creating a meaningful barrier to entry for new manufacturers in this niche industrial segment.
- Demand for rotary screens is closely tied to activity levels in India’s broader textile printing and processing industry, which itself depends on domestic textile consumption and export demand.
- Suppliers serving textile manufacturers across multiple states, as Roopa Screen does across Gujarat, Maharashtra, Haryana, Punjab and Tamil Nadu, benefit from reduced dependence on any single regional textile cluster.
- As a specialised industrial component supplier, profitability in this segment depends on precision manufacturing quality, consistent delivery, and maintaining strong B2B customer relationships within the textile printing value chain.
Business Strengths
Here are the key strengths investors evaluating the Roopa Screen IPO should weigh:
- A specialised manufacturer serving a niche but essential segment of the textile printing industry, supplying rotary nickel screens to over 200 customers across India during FY2026.
- Strong multi-year financial growth, with total income rising from Rs 35.85 crore in FY2024 to Rs 51.32 crore in FY2026, and profit after tax increasing more than fourfold over the same period, from Rs 1.50 crore to Rs 6.48 crore.
- Attractive FY2026 return ratios, with ROE of 49.37 percent and ROCE of 39.33 percent, alongside a healthy EBITDA margin of 19.72 percent and PAT margin of 12.78 percent.
- A geographically diversified customer base spanning Gujarat, Maharashtra, Haryana, Punjab and Tamil Nadu, and a reasonable post-issue valuation of around 10.92 times FY2026 earnings.
Screen textile machinery and industrial components stocks on the Univest Screener
Business Risks
Alongside these strengths, the Roopa Screen IPO also carries the following business risks:
- The business is a specialised industrial supplier, and its performance is closely tied to demand cycles in India’s broader textile printing and processing industry.
- Manufacturing operations are concentrated at a single facility in Sanand, Ahmedabad, creating single-location operational risk.
- Very sharp recent profit growth, more than quadrupling in two years, may not be sustainable at the same pace going forward.
- As with any SME stock, Roopa Screen shares may see limited post-listing liquidity and price volatility.
Financial Performance
The Roopa Screen IPO comes after a period of strong multi-year growth. The company’s total income increased from Rs 35.85 crore in FY2024 to Rs 51.32 crore in FY2026, while profit after tax rose more than fourfold, from Rs 1.50 crore to Rs 6.48 crore, over the same period.
Roopa Screen Ltd. – Financials (Rs in Lakh)
| Particulars | Fiscal 2026 | Fiscal 2024 |
|---|---|---|
| Total Income | 5,132.00 | 3,585.00 |
| EBITDA Margin (%) | 19.72% | Not separately disclosed |
| Profit After Tax (PAT) | 648.00 | 150.00 |
| PAT Margin (%) | 12.78% | 4.18% (computed) |
Amounts in Rs Lakh unless stated otherwise, compiled from published Roopa Screen IPO financial disclosures. FY2024 PAT margin is computed from disclosed absolute figures. FY2025 comparative figures, net worth and total borrowings were not separately available in the sources used for this review; investors should refer to the RHP for the complete restated financial statements.
Key Ratios and Metrics
The table below summarises the key ratios and metrics relevant to the Roopa Screen IPO as of the latest reported period.
These ratios offer a quick snapshot of how the Roopa Screen IPO is priced relative to the company’s profitability and net worth.
| KPI (Mar 31, 2026) | Value |
|---|---|
| Return on Equity (ROE) | 49.37% |
| Return on Capital Employed (ROCE) | 39.33% |
| EBITDA Margin | 19.72% |
| PAT Margin | 12.78% |
| Post-Issue P/E (at upper price) | ~10.92x |
Objects of the Offer
The company proposes to utilise the net proceeds from the Roopa Screen IPO towards the following objects.
- Establishing a new manufacturing facility to support capacity expansion
- Strengthening working capital requirements
- General corporate purposes
Download the Univest iOS App or Univest Android App to track the Roopa Screen IPO and get daily stock recommendations.
Conclusion
Here is the bottom line on the Roopa Screen IPO.
The Roopa Screen IPO reflects a specialised, niche industrial manufacturer serving India’s textile printing industry, with strong multi-year revenue and profit growth, attractive return ratios, and a reasonable post-issue valuation, entirely funded through a fresh issue.
However, dependence on textile printing industry demand cycles, single-facility concentration, the sustainability of very sharp recent profit growth, and typical SME liquidity risk are factors that could affect the investment case for the Roopa Screen IPO.
Overall, investors weighing the Roopa Screen IPO should evaluate the company’s business model, financial performance, industry outlook, competitive positioning, valuation and risk factors in detail, and carefully review the Red Herring Prospectus (RHP) before making an informed investment decision.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data independently before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Univest does not publish grey market premium figures. Grey market premium is an unofficial and unregulated indicator collected informally outside the stock exchanges. It is not published, verified or endorsed by SEBI, NSE or BSE, can vary widely between trackers, and is not always accurate.
FAQs
What are the Roopa Screen IPO dates, and when will it list?
Ans. The Roopa Screen IPO opens for subscription on 24 September 2026 and closes on 28 September 2026. The allotment is expected to be finalised on 29 September 2026, and the shares are tentatively scheduled to list on the SME platform of BSE around 1 October 2026.
What is the price band and minimum investment for the Roopa Screen IPO?
Ans. The price band for the Roopa Screen IPO is set at Rs 60 to Rs 64 per equity share, with a lot size of 2,000 shares. Individual investors must apply for a minimum of one lot, requiring an investment of Rs 1,28,000 at the upper price band.
What does Roopa Screen Limited actually manufacture?
Ans. Roopa Screen manufactures rotary nickel screens used by textile manufacturers for continuous fabric printing, a specialised industrial component within the broader textile printing value chain. The company operates on a B2B model, supplying products to more than 200 customers across India during FY2026, with manufacturing operations conducted at Sanand in Ahmedabad, Gujarat.
Is the Roopa Screen IPO a fresh issue or does it include an offer for sale?
Ans. The entire Rs 19.20 crore Roopa Screen IPO is structured as a fresh issue, with no offer for sale component. This means, subject to issue expenses, all proceeds raised will flow into the company to fund capacity expansion and working capital rather than providing an exit for existing shareholders.
How has Roopa Screen performed financially in recent years?
Ans. Roopa Screen’s total income grew from Rs 35.85 crore in FY2024 to Rs 51.32 crore in FY2026, while profit after tax increased more than fourfold over the same period, from Rs 1.50 crore to Rs 6.48 crore. For FY2026, the company reported an EBITDA margin of 19.72 percent, PAT margin of 12.78 percent, return on equity of 49.37 percent and return on capital employed of 39.33 percent, reflecting strong and improving profitability.
How will Roopa Screen use the proceeds from its fresh issue?
Ans. The company plans to use the fresh issue proceeds primarily to establish a new manufacturing facility to support capacity expansion, along with strengthening working capital requirements to support its growing order volumes. The remaining proceeds are earmarked for general corporate purposes.
What are the main risks or concerns flagged for the Roopa Screen IPO?
Ans. As a specialised industrial supplier, Roopa Screen’s performance is closely tied to demand cycles in India’s broader textile printing and processing industry, and its manufacturing operations are concentrated at a single facility in Sanand, Ahmedabad, creating single-location operational risk. The company’s very sharp recent profit growth, more than quadrupling over two years, may not be sustainable at the same pace going forward, and as with any SME stock, post-listing liquidity may be limited.
Who are the lead managers and registrar for the Roopa Screen IPO?
Ans. Hem Securities Ltd. and Share India Capital Services Pvt. Ltd. are jointly serving as the book-running lead managers for the Roopa Screen IPO. Purva Sharegistry (India) Pvt. Ltd. is the registrar to the issue and will handle the allotment process and crediting of shares to successful applicants’ demat accounts.
Is the Roopa Screen IPO a good investment?
Ans. Roopa Screen offers exposure to a specialised, niche industrial manufacturer with strong multi-year growth, attractive return ratios and a reasonable post-issue valuation, which may interest investors comfortable with SME-scale industrial component businesses. At the same time, dependence on textile industry demand cycles and single-facility concentration are factors that call for careful evaluation. As always, investors should study the RHP in detail and assess their own risk appetite before applying.
