Roopa Screen IPO: Complete Review, Subscription Dates, and Business Analysis
The Small and Medium Enterprise (SME) sector continues to bring compelling investment opportunities to the forefront. One of the latest entrants looking to make its mark on the BSE SME platform is Roopa Screen Limited. Preparing for its initial public offering in late September 2026, the company is aiming to raise ₹19.20 crores entirely through a fresh issue of shares.
In this comprehensive guide, we will analyze the fundamental aspects of the Roopa Screen IPO. From understanding the core business operations and financial health to exploring the exact subscription timeline and lot sizes, this article provides investors with the essential insights required to make an informed market decision.
Company Overview: What Does Roopa Screen Do?
Established in 2013, Roopa Screen Ltd operates within the specialized industrial manufacturing sector. The firm is primarily engaged in the production of rotary nickel screens. These perforated, cylindrical metal screens function as crucial stencils inside rotary screen-printing machinery, heavily utilized by the textile manufacturing industry for continuous and precise fabric pattern printing.
To support its core manufacturing process, the company also actively trades in nickel cathodes, ensuring a steady, cost-optimized supply of the most vital raw material required for their production cycles.
Key Product Lines Include:- Delta Screens: Engineered for high-definition prints.
- Penta Screens: Designed for specialized printing requirements.
- Standard Screens: The versatile choice for daily textile operations.
- Nova Screens: Advanced screens for intricate textile designs.
IPO Schedule and Timeline Tracker
The subscription window for the offering remains open for a brief period. Below is the complete schedule from the opening date through to the final market debut.
IPO Progress Timeline
Key IPO Specifications
Understanding the structure of the IPO is critical. Roopa Screen's offering is structured as a Book Built Issue with shares priced in a specific bracket.
| Specification | Details |
|---|---|
| Issue Type | Bookbuilding IPO |
| Total Issue Size | 30,00,000 Equity Shares (Approx. ₹19.20 Cr) |
| Face Value | ₹10 per share |
| Price Band | ₹60 to ₹64 per share |
| Listing Exchange | BSE SME |
| Retail Allocation | 35.13% of Net Offer |
| QIB Allocation | 49.82% of Net Offer (includes Anchor Investors) |
| Market Maker Reservation | 2,10,000 Shares |
Investment Requirements (Lot Size)
For standard retail investors and High Net-worth Individuals (HNIs), the exchange mandates specific lot sizes. A single lot constitutes 2,000 shares, but the minimum bidding requirement for retail investors is set at 2 lots (4,000 shares).
| Investor Category | Minimum Lots | Total Shares | Investment Amount (at Upper Price) |
|---|---|---|---|
| Retail Individual (Min/Max) | 2 Lots | 4,000 | ₹2,56,000 |
| Small HNI (Min) | 3 Lots | 6,000 | ₹3,84,000 |
| Small HNI (Max) | 7 Lots | 14,000 | ₹8,96,000 |
| Big HNI (Min) | 8 Lots | 16,000 | ₹10,24,000 |
Primary Objectives of the Issue
The capital generated from this public offering (excluding issue expenses) is earmarked strategically to fuel the company's next phase of growth. The management has outlined the following capital deployment plan:
- Manufacturing Expansion (₹9.90 Cr): Funding capital expenditure for the setup and operationalization of a brand-new manufacturing facility.
- Working Capital (₹6.00 Cr): Injecting liquidity to manage day-to-day operations and manage inventory smoothly.
- General Corporate Purposes: Utilizing the remaining balance for unforeseen corporate expenditures and broad business development.
Financial Performance & Valuations
A closer look at the financial statements reveals a steady upward trajectory in both top-line revenue and bottom-line profit over the last three fiscal years.
| Financial Metric (in ₹ Crores) | FY Ended Mar 2024 | FY Ended Mar 2025 | FY Ended Mar 2026 |
|---|---|---|---|
| Total Assets | 19.66 | 22.47 | 30.00 |
| Total Income (Revenue) | 35.85 | 45.63 | 51.32 |
| EBITDA | 4.24 | 8.13 | 10.00 |
| Profit After Tax (PAT) | 1.50 | 4.69 | 6.48 |
| Total Net Worth | 5.21 | 9.89 | 16.37 |
Key Performance Indicators (As of FY26)
- Return on Equity (ROE): 49.37%
- Return on Capital Employed (ROCE): 39.33%
- Debt to Equity Ratio: 0.45
- PAT Margin: 12.78%
- Post-IPO P/E Ratio: 10.92x (Reasonable valuation compared to historical industry peers)
Promoter Holding & Management
The company is steered by experienced promoters with a deep understanding of the industrial textile supply chain. The core promoter group consists of Ghanshyambhai Ranchhodbhai Thakkar, Kunal Ghanshyambhai Thakker, Bhartiben Ghanshyambhai Thakkar, and Preksha Kunal Thakkar.
- Pre-Issue Promoter Holding: 87.40%
- Post-Issue Promoter Holding: 63.71%
SWOT Analysis of Roopa Screen
Evaluating the internal and external environments provides a balanced view of what the company faces post-listing.
- Strengths: Highly integrated in-house manufacturing operations equipped with rigorous quality testing capabilities. A deeply entrenched, long-term relationship with B2B textile customers.
- Weaknesses: High dependency on the cyclical nature of the textile industry. Geographic concentration of revenue mainly around western and northern Indian states.
- Opportunities: The newly proposed manufacturing facility will significantly ramp up production capacity, allowing the brand to cater to untapped domestic and international markets.
- Threats: Susceptibility to the volatile pricing of raw materials, specifically global nickel prices. Intense competition from both organized and unorganized sector players.
Registrar and Lead Manager Details
Investors requiring assistance regarding application status, allotment, or potential refund issues can contact the officially appointed registrar.
| Entity | Contact Information |
|---|---|
| Lead Manager | Seren Capital Private Limited |
| Registrar to the Issue | Bigshare Services Pvt. Ltd. Email: ipo@bigshareonline.com |
| Company Registered Office | 6, Sudama Estate, Behind Swastik Bansidhar, Narol, Ahmedabad, Gujarat - 382405 Email: info@roopaindia.in |
Conclusion
The Roopa Screen IPO presents a classic SME growth story. By transitioning from a privately held entity to a publicly traded company on the BSE SME board, the firm is securing the capital needed to double down on its manufacturing capabilities. With robust financials demonstrating consistent revenue growth and excellent Return on Equity (ROE), the company appears fundamentally sound.
However, potential investors must weigh these strengths against the inherent risks tied to raw material price volatility and sectoral dependencies. As always, reviewing personal risk appetite and market conditions is highly recommended before participating in any SME public offering.