Roopa Screen Ltd IPO
Capital Goods-Non Electrical Equipment
Price Band
₹60 – ₹64
Lot Size
2000
Minimum Bid Quantity
4000
Minimum Investment
₹256000
Issue Size
₹19.2Cr
Opens
2026-09-24
Closes
2026-09-28
Listing
01-10-2026
Subscription Status
Qualified Institutional Buyers
0.15 x
Non-Institutional Investor
2.19 x
Retail Individual Investor
7.55 x
Total
3 x
IPO Details
Issue Type
EQUITY
Face Value
₹10
Tick Size
1
ISIN
INE2BTZ01011
Pre-Apply Available
No
Daily Bidding Time
10:00:00 - 17:00:00
About the Company
Roopa Screen Limited is a manufacturer of rotary nickel screens used in rotary screen-printing machines, primarily for continuous printing on fabrics by textile manufacturers. Its rotary nickel screens are cylindrical perforated metal screens available in different mesh counts, thicknesses, and repeat sizes. The company offers Standard, Delta, Penta, and Nova variants for applications ranging from general-purpose printing and fine detailing to heavy paste flow and high-usage printing. It also trades in nickel cathodes, which are used as a key raw material in the production of nickel screens. In financial year 2026, the company supplied rotary nickel screens to more than 200 customers across India, mainly to customers in the textile industry. Its manufacturing operations are carried out at a facility at Gallops Industrial Park-II, Sanand, Ahmedabad, Gujarat. The company also operates a godown in Surat, Gujarat, and a sales depot in Panipat, Haryana, which serve as stocking and distribution points.
Pros
- • 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.
Cons
- • 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.
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