Overview
Updated 12 days agoRoopa Screen Limited is an Ahmedabad-based manufacturer of rotary nickel screens used in textile printing. The company is launching an initial public offering of up to 3,000,000 equity shares to fund capital expenditure for a new manufacturing facility and for working capital requirements.
The red bar is the price band. GMP-implied price is an unofficial grey-market number, not a forecast.
How much to apply
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 2,000 | ₹1,28,000 |
| bNII (min) | 8 | 16,000 | ₹10,24,000 |
At the upper band. The amount is blocked in your bank account through UPI, not paid, until allotment.
Final subscription
As of 31 Oct, 16:42 ISTTimes the shares on offer were bid for, by investor category. Above 1x means the category is fully booked.
Listing performance
Latest price updated 5 hr ago.
Issue details
| Status | Listed |
| Exchange | BSE |
| Segment | SME |
| Sector | Metal - Non Ferrous |
| Price band | ₹60–64 |
| Final issue price | ₹64.00 |
| Face value | ₹10 per share |
| Lot size | 2,000 shares |
| Minimum investment | ₹1,28,000 |
| Issue size | ₹19.00 Cr |
| Market cap at upper band | ₹70.83 Cr |
| P/E at upper band | 8.0x |
| Registrar | Bigshare Services Private Limited |
| Lead managers | Seren Capital Private Limited |
| NSE symbol | ROOPA |
| ISIN | INE2BTZ01011 |
Shareholder quota and promoter holding
Company & business
Incorporated in 2013, Roopa Screen Limited manufactures rotary nickel screens, which are essential components in rotary screen-printing machines used primarily by the textile industry. The company offers various product variants, including Standard, Delta, Penta, and Nova screens, tailored to different printing applications. Additionally, the company is engaged in the trading of nickel cathodes, which serves as a key raw material for its manufacturing operations. The company operates from its facility in Sanand, Ahmedabad, and has a diversified customer base across India. The company's manufacturing process involves several stages, including mandrel preparation, copper plating, mesh etching, hard chrome plating, and nickel plating.
Objects of the issue — how the money will be used
- Funding of capital expenditure towards setup of a new manufacturing facility (₹9.9 Cr)
- Funding of Working Capital Requirements (₹6 Cr)
- General Corporate Purpose
Key strengths
- In-house manufacturing facility with integrated testing capabilities
- High-quality Nickel Rotary Screens that offer superior durability and precision
- Well-diversified customer base spread across various industries and geography
- Experienced Promoters and management team with domain knowledge
Key risks
- Discontinued manufacturing operations at the Narol unit due to non-availability of statutory approvals
- High dependence on the textile industry
- Significant revenue concentration from the Penta Screen product variant
- Requirement for various approvals, licenses, and permits; failure to renew could impact operations
- Dependence on a limited number of customers without long-term commitments
- Lack of long-term agreements with suppliers for raw materials
- Geographical concentration of manufacturing operations in Ahmedabad
- Significant indebtedness
Promoters
Ghanshyambhai Ranchhodbhai Thakkar, Kunal Ghanshyambhai Thakker, Bhartiben Ghanshyambhai Thakkar, Preksha Kunal Thakkar
Decoded from the RHP with AI on 01-Nov-2026. Check the offer document before you apply.
Financials (restated, ₹ crore)
| Period | Revenue | Expenses | Profit after tax | Assets | Net worth | Borrowings |
|---|---|---|---|---|---|---|
| FY24 | 35.71 | -- | 1.50 | 19.66 | 5.21 | 7.67 |
| FY25 | 45.34 | -- | 4.69 | 22.47 | 9.89 | 5.61 |
| FY26 | 50.73 | -- | 6.48 | 30.00 | 16.37 | 0.74 |
Key performance indicators · FY26
Peers & valuation
Listed peers as chosen by the issuer in the offer document (Basis for Issue Price).
| Company | Revenue (₹ Cr) | EPS (₹) | P/E | RoNW % | NAV (₹) |
|---|---|---|---|---|---|
| Roopa Screen this issue | 50.7 | 8.04 | 8.0x | 39.60 | 20.30 |
| Stovec Industries Limited | 198.1 | 33.04 | 50.5 | 5.37 | 631.12 |
This issue is priced at 8.0x P/E against a peer median of 50.5x: a discount of 84%. A measurement, not a verdict.
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Ardee IndustriesARDEE · BSE, NSE · Mainboard · Metal - Non Ferrous+26.6%12 Aug Documents and resources
Offer documents and the issuer, exchange, registrar and SEBI pages for this issue.