Roopa Screen IPO
Grey Market Premium (GMP)
GMP applies before listing only. This IPO has listed — see Listing Performance below for the actual debut.
Subscription Status
| Category | Subscription |
|---|---|
| QIB | 44.81x |
| NII | 421.94x |
| sNII (₹2L–₹10L) | 407.57x |
| bNII (above ₹10L) | 429.12x |
| Retail (RII) | 529.82x |
| Total | 271.94x |
Bidding day 5 · final figures at close of bidding: 1 Oct 2026, 6:30 pm IST
IPO Details
- Open Date
- 24 Sept 2026
- Close Date
- 28 Sept 2026
- Listing Date
- 1 Oct 2026
- Face Value
- ₹10
- Fresh Issue
- ₹17.86 Cr
- OFS
- ₹0 Cr
- Listing On
- BSE
- Registrar
- Bigshare Services
The fresh issue is money for the company; the OFS goes to selling shareholders. Fresh issue vs offer for sale, explained
Lot Size & Application Amounts
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 4,000 | ₹2,56,000 |
| HNI (Min) | 3 | 6,000 | ₹3,84,000 |
Issue Reservation
| Investor category | Shares offered | % of issue |
|---|---|---|
| Anchor | 8,32,000 | 29.82% |
| QIB (ex-anchor) | 5,58,000 | 20% |
| NII | 4,20,000 | 15.05% |
| — sNII (< ₹10L) | 1,40,000 | 5.02% |
| — bNII (> ₹10L) | 2,80,000 | 10.04% |
| Retail | 9,80,000 | 35.13% |
| Total | 27,90,000 | 100% |
The anchor portion is carved out of the QIB quota. Percentages are of the total shares offered.
Financials (₹ Cr)
| Period Ended | Revenue | PAT | EBITDA | Net Worth | Total Assets | Borrowings | EPS (₹) |
|---|---|---|---|---|---|---|---|
| FY 2024 | 35.85 | 1.5 | 4.24 | 5.21 | 19.66 | 8.98 | — |
| FY 2025 | 45.63 | 4.69 | 8.13 | 9.89 | 22.47 | 7.03 | — |
| FY 2026 | 51.32 | 6.48 | 10 | 16.37 | 30 | 7.42 | 8.04 |
Restated figures from the offer document. Amounts in ₹ crore; EPS in ₹ per share. FY = the 12 months ended 31 March.
KPIs & Valuation
- P/E (pre-issue)
- 7.96x
- P/E (post-issue)
- 10.92x
- RoNW
- 39.6%
- RoE
- 49.37%
- RoCE
- 39.33%
- Debt / Equity
- 0.45
- EPS (pre-issue)
- ₹8.04
- EPS (post-issue)
- ₹5.86
- EBITDA Margin
- 19.72%
- PAT Margin
- 12.78%
- P/BV
- 0.75x
- NAV / share
- ₹20.3
- Market Cap
- ₹70.83 Cr
As of 31 Mar 2026 (latest reported period in the offer document). Market cap is computed on a post-issue basis at the upper price band.
Objects of the Issue
| Purpose | Est. Amount |
|---|---|
| Funding of capital expenditure towards setup of a new manufacturing facility | ₹9.9 Cr |
| Funding of Working Capital Requirements | ₹6 Cr |
| General Corporate Purposes | ₹0.02 Cr |
| Issue Expenses | ₹3.28 Cr |
Net-proceeds utilisation as disclosed in the offer document.
Issue Expenses
| Purpose | Est. Amount |
|---|---|
| Book Running Lead Manager Fees (including underwriting, marketing and selling fees | ₹2.71 Cr |
| Fees Payable to Registrar to the Issue | ₹0.04 Cr |
| Fees Payable for Advertising and Publishing Expenses | ₹0.05 Cr |
| Fees Payable to Regulators including Stock Exchanges, CDSL and NSDL | ₹0.19 Cr |
| Payment for Printing & Stationery, Postage, etc | ₹0.01 Cr |
| Fees Payable to Statutory Auditor, Legal Advisors and other Professionals including Chartered Engineer, Independent Chartered Accountant, Practicing Company Secretary and Industry Research Agency | ₹0.21 Cr |
| Others (Commission/processing fee for SCSBs, Sponsor Bank and Banker(s) to the Issue and brokerage and selling commission and bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs | ₹0.07 Cr |
Promoters & Shareholding
Promoters: <p>Ghanshyambhai Ranchhodbhai Thakkar, Kunal Ghanshyambhai Thakker, Bhartiben Ghanshyambhai Thakkar, Preksha Kunal Thakkar</p>
- Holding (pre-issue)
- 87.4%
- Holding (post-issue)
- 63.71%
- Dilution
- 23.69%
Documents
Anchor Investors
| Investor | Category | Shares | Price | Amount ₹Cr | Allocation |
|---|---|---|---|---|---|
| NINE ALPS TRUST-NINE ALPS OPPORTUNITY FUND | Other | 5,16,000 | ₹64 | 3.3 | 62.02% |
| VIRA AIF TRUST-VIRA BHARAT OPPORTUNITIES FUND | Other | 1,58,000 | ₹64 | 1.01 | 18.99% |
| ARTHASANCHAY INVESTMENT TRUST-ARTHASANCHAY GROWTH FUND | Other | 1,58,000 | ₹64 | 1.01 | 18.99% |
Anchor bidding took place on 23 Sept 2026. Anchor lock-in: 50% of shares unlock on 28 Oct 2026, the remainder on 27 Dec 2026.
Peer Comparison
| Company | EPS (₹) | NAV (₹) | P/E | RoNW |
|---|---|---|---|---|
| Roopa Screen | 8.04 | — | — | 39.6% |
| Stovec Industries Ltd | 33.04 | — | 50.54x | 5.37% |
Peer group as disclosed in the offer document, figures as of 31 Mar 2026. The issuer’s P/E is computed at the upper price band.
Lead Managers (BRLMs)
Tap a lead manager to see every IPO it has run and how those listings fared.
Listing Performance
About the Roopa Screen IPO
The Roopa Screen SME IPO is open between 24 Sept 2026 and 28 Sept 2026, offered at a price band of ₹60–64 per share, and is set to list on BSE. The IPO seeks to raise ₹19.2 crore. Retail investors bid in lots of 2000 shares, a minimum application of ₹2,56,000.
Issue structure
The IPO is structured entirely as a fresh issue of ₹17.86 crore, so the full proceeds flow to the company to fund its stated objects of the issue.
Objects of the issue
Per the offer document, the company intends to deploy the net proceeds primarily toward funding of capital expenditure towards setup of a new manufacturing facility (₹9.9 crore), alongside funding of working capital requirements (₹6 crore). In all, 4 objects are disclosed — the full break-up is in the table above.
Financials
In FY2026, Roopa Screen reported revenue of ₹51.32 crore and a net profit of ₹6.48 crore. Revenue grew from ₹35.85 crore in FY2024 to ₹51.32 crore in FY2026 (+43.0%). Net worth stood at ₹16.37 crore at the end of FY2026. At the upper band, that puts the issue at roughly 8.0× FY2026 earnings (P/E), a figure worth comparing against listed peers in the sector.
Valuation
At the upper band, the issue is priced at 10.92× post-issue earnings and 0.75× book value, against a return on net worth of 39.6% and a debt-to-equity ratio of 0.45. These ratios come from the offer document and are for comparison, not a recommendation.
Promoters
The promoters of the company are <p>Ghanshyambhai Ranchhodbhai Thakkar, Kunal Ghanshyambhai Thakker, Bhartiben Ghanshyambhai Thakkar, Preksha Kunal Thakkar</p>. Promoter holding stands at 87.4% before the issue and comes down to 63.71% after listing.
Grey market premium (GMP)
In the unofficial grey market, Roopa Screen shares are quoted at a premium of ₹42 implying an expected listing around ₹106, about +65.6% over the upper band. Grey market premium is a sentiment indicator set by private dealers, not the company or the exchange — it moves quickly and is not a reliable predictor of the actual listing price.
Subscription
The Roopa Screen IPO was subscribed 271.94 times overall. The strongest demand came from retail investors at 529.82 times, with qualified institutional buyers (QIB) at 44.81× and non-institutional investors (NII) at 421.94×.
Listing performance
Roopa Screen listed on 1 Oct 2026 at ₹121.6, a premium of +90.0% over the issue price of ₹64.
What to weigh
When evaluating the Roopa Screen IPO, the data points most investors look at are the fresh-issue-versus-OFS split, the revenue and profitability trend, subscription demand across investor categories and the grey market premium. Grey market premium and subscription figures reflect short-term sentiment rather than long-term fundamentals; the figures on this page are for information only and are not investment advice.
About Roopa Screen
Incorporated in 2013, Roopa Screen Ltd manufactures rotary nickel screens used in rotary screen-printing machines, mainly by textile manufacturers for continuous fabric printing. These cylindrical, perforated metal screens act as stencils, allowing printing paste to pass through and create patterns on fabric. Product range: Four main screen types - Standard (for general use), Delta (for fine detailing), Penta (for heavy paste and background printing), and Nova (for high-usage with extended durability). All these variants are available in different mesh sizes and thicknesses. In FY 2025, it has served over 200 customers across India, with major sales in Gujarat, Maharashtra, Haryana, Punjab, and Tamil Nadu, and additional presence in states like Uttar Pradesh, Rajasthan, and Madhya Pradesh. Apart from manufacturing rotary screens, the company also trade in nickel cathodes, a key raw material for its products. In FY 2025, 11.83% of the revenue came from this trading activity. Manufacturing: Two manufacturing units in Ahmedabad, Gujarat, and have additional facilities – a godown in Surat and a sales depot in Panipat – to support stocking, distribution, and faster delivery. Its production units are fully equipped for manufacturing and quality testing to ensure consistent product quality and timely order execution. Competitive strengths In-house Manufacturing Facility with Integrated Quality Control and Testing Capabilities Geographically dispersed customer base Long-term relationship with customers Experienced Promoters with Industry Expertise
Roopa Screen — Contact Details
- Registered office
- 6, Sudama Estate,, Behind Swastik Bansidhar Opp. Sudama Furniture, Narol, Ahmedabad, Gujarat, 382405
- Phone
- 079-29755557
- info@roopaindia.in
- Website
- www.roopaindia.in/
- Registrar (IPO queries)
- ipo@bigshareonline.com
Frequently asked questions
- What is the Roopa Screen IPO price band?
- The Roopa Screen IPO price band is ₹60 to ₹64 per share, with a lot size of 2000 shares.
- What was the Roopa Screen IPO GMP before listing?
- The final grey market premium recorded before the Roopa Screen IPO listed was ₹42. The IPO listed on 1 Oct 2026 at ₹121.6, +90.0% against the issue price. GMP is an unofficial figure and was never a guarantee of the listing price.
- When does the Roopa Screen IPO open and close?
- The Roopa Screen IPO opens on 24 Sept 2026 and closes on 28 Sept 2026.
- When is the Roopa Screen IPO allotment and listing date?
- Allotment is expected on 29 Sept 2026. The shares are scheduled to list on 1 Oct 2026 on BSE.
- How many times was the Roopa Screen IPO subscribed?
- The Roopa Screen IPO was subscribed 271.94 times in total across all investor categories.
- What is the reservation split in the Roopa Screen IPO?
- Of the total shares offered, retail investors get 35.13%, QIBs 20% (plus 29.82% anchor), non-institutional investors 15.05%. The full category-wise break-up is in the Issue Reservation table on this page.
- Who are the promoters of Roopa Screen and what is their holding?
- The promoters are <p>Ghanshyambhai Ranchhodbhai Thakkar, Kunal Ghanshyambhai Thakker, Bhartiben Ghanshyambhai Thakkar, Preksha Kunal Thakkar</p>. Promoter holding is 87.4% before the issue and 63.71% after listing.
- What is the P/E ratio of the Roopa Screen IPO?
- At the upper price band, the Roopa Screen IPO is valued at 7.96× pre-issue earnings and 10.92× post-issue earnings, based on the financials disclosed in the offer document.
- What are the objects of the Roopa Screen IPO?
- The net proceeds go primarily toward funding of capital expenditure towards setup of a new manufacturing facility, among 4 disclosed objects. See the Objects of the Issue table for the full break-up.
- Who are the lead managers and registrar of the Roopa Screen IPO?
- The book-running lead manager is Seren Capital Pvt.Ltd.. Bigshare Services is the registrar to the issue.
- Is Roopa Screen a Mainboard or SME IPO?
- Roopa Screen is an SME IPO, listing on BSE (SME platform).