Updated Sep 30 · 11:15 AM IST

Roopa Screen IPO

Closed · lists Oct 1 SMEBook BuiltBSE SMESep 24 – 28, 2026

Roopa Screen (incorporated 2013, Ahmedabad) makes rotary nickel screens, the perforated cylindrical stencils used by textile mills for continuous fabric printing (Delta, Penta, Standard and Nova ranges). It also trades nickel cathodes, its key raw material. It is purely B2B, serving 200+ textile printing clients mainly in Gujarat, Maharashtra, Haryana, Punjab and Tamil Nadu.

Price Band
₹60 – 64
per share
Min. Investment
₹2,56,000
2 lots · 4,000 shares
Issue Size
₹19.20 Cr
Entirely fresh issue
GMP
₹32 UNOFFICIAL
≈50.0% · est. ₹96
Subscription
387.61×
final
Listing
Oct 1
Allotment Sep 29
68/100
Proceed with Caution
Why? →
IPO Dates

Roopa Screen IPO Date & Timeline

Tentative schedule from the RHP.

Sep 24
Opens
Sep 28
Closes
Sep 29
Allotment
Sep 30
Refunds
Today
Sep 30
Demat credit
Today
Oct 1
Listing
Grey Market

Roopa Screen IPO GMP Today

Updated Sep 29 · 7:30 PM IST

Unofficial, aggregated from market sources. It never feeds our score.

GMP today
₹32
▲ ₹2 since last update
GMP %
50.0%
on upper band ₹64
Est. listing
₹96
₹64 + ₹32
Range
₹8 – 32
since Sep 23
GMP trend 9 updates · Sep 23 – Sep 29
₹0₹10₹20₹30₹40Sep 23, 3:38 PM: ₹14Sep 24, 9:47 AM: ₹8Sep 26, 11:59 PM: ₹12Sep 27, 11:59 PM: ₹14Sep 28, 12:30 PM: ₹20Sep 28, 4:15 PM: ₹30Sep 29, 8:45 AM: ₹30Sep 29, 4:30 PM: ₹30Sep 29, 7:30 PM: ₹32Sep 23Sep 24Sep 26Sep 27Sep 28Sep 29₹32 now
Full GMP history (9 updates)
Date & time (IST)GMPChangeGMP %Est. listing
Sep 29, 2026 · 7:30 PM₹32+₹250.0%₹96
Sep 29, 2026 · 4:30 PM₹30₹046.9%₹94
Sep 29, 2026 · 8:45 AM₹30₹046.9%₹94
Sep 28, 2026 · 4:15 PM₹30+₹1046.9%₹94
Sep 28, 2026 · 12:30 PM₹20+₹631.3%₹84
Sep 27, 2026 · 11:59 PM₹14+₹221.9%₹78
Sep 26, 2026 · 11:59 PM₹12+₹418.8%₹76
Sep 24, 2026 · 9:47 AM₹8−₹612.5%₹72
Sep 23, 2026 · 3:38 PM₹14—21.9%₹78
!GMP is unofficial and unregulated. It reflects grey-market sentiment only and is not a basis for a decision. The Sep 23–24 quotes are from IPOWatch (IPOji had no GMP then); later rows are IPOji's.
Demand

Roopa Screen IPO Subscription Status

Final · Day 3 · Sep 28 · 5:00 PM IST

From NSE + BSE bid data, excluding the anchor portion.

QIB
111.63×
bHNI (>₹10L)
429.87×
sHNI (₹2–10L)
407.57×
NII total
422.44×
Individual
529.82×
Overall
387.61×
dashed line = 1× (fully subscribed)
Final: the issue closed 387.61× subscribed on Day 3 (5 PM, Sep 28). QIBs 111.63×, NIIs 422.44× (big HNIs 429.87×, small HNIs 407.57×), individual investors 529.82×.

Day-wise subscription

DayQIBbHNIsHNINII totalIndividualTotal
Shares offered5,58,0002,80,0001,40,0004,20,0009,80,00019,58,000
Day 1 · Sep 240.38×1.56×2.19×1.77×2.89×1.93×
Day 2 · Sep 256.39×4.25×6.91×5.14×9.60×7.73×
Day 3 · Sep 28111.63×429.87×407.57×422.44×529.82×387.61×
Issue Details

Roopa Screen IPO Details

Checked against the RHP and cross-checked on NSE and BSE.

IPO dateSep 24 – 28, 2026
Price band₹60 – 64 per share
Face value₹10 per share
Lot size2,000 shares
Total issue size30,00,000 shares
₹19.20 Cr
Fresh issue30,00,000 shares
₹19.20 Cr
Issue typeBook Built · SME
Listing atBSE SME
Market cap≈ ₹70.83 Cr
Promoter holding87.4% → 63.71%
Lead managerSeren Capital Pvt. Ltd.
Market makerB.N. Rathi Securities Ltd.
RegistrarBigshare Services Pvt. Ltd.

Offer documents

How much to invest

Roopa Screen IPO Lot Size

Minimum and maximum bids by investor type at the upper band of ₹64.

ApplicationLotsSharesAmount
Individual (min)24,000₹2,56,000
Individual (max)24,000₹2,56,000
sHNI (min)36,000₹3,84,000
sHNI (max)714,000₹8,96,000
bHNI (min)816,000₹10,24,000
Who gets what

Roopa Screen IPO Reservation

Shares set aside for each category, and the maximum number of applicants who can get an allotment.

CategoryShares offered% of issueMax. allottees
Market maker2,10,0007%—
Anchor investors8,32,00027.7%—
QIB (ex-anchor)5,58,00018.6%—
NII (HNI)4,20,00014%—
↳ bHNI (>₹10L)2,80,0009.3%17
↳ sHNI (₹2–10L)1,40,0004.7%23
Individual investors9,80,00032.7%245
Total30,00,000100%
Retail is 529.82× subscribed. With 245 retail slots, allotment is by lottery: roughly 1 in 530 retail applicants may get a lot (indicative only).
Company Financials

Roopa Screen Financials (FY24 – FY26)

Restated consolidated figures from the RHP, ₹ crore. Years end March 31.

Revenue vs Profit ₹ Cr
RevenueProfit after tax (not to scale)
Revenue FY24: ₹35.85 Cr36PAT FY24: ₹1.50 Cr1.5FY24Revenue FY25: ₹45.63 Cr46PAT FY25: ₹4.69 Cr4.7FY25Revenue FY26: ₹51.32 Cr51PAT FY26: ₹6.48 Cr6.5FY26

Financial statement

₹ CrFY24FY25FY26YoY
Revenue35.8545.6351.32+12.5%
Profit after tax1.504.696.48+38.2%
Total assets19.6622.4730.00+33.5%
Net worth5.219.8916.37+65.5%
Reserves & surplus4.058.748.31−4.9%
Total borrowing8.987.03——
Revenue grew ~20% a year and profit more than quadrupled from a small FY24 base. Borrowings fell from ₹9.0 Cr to ₹7.0 Cr by FY25; the FY26 figure isn't published on the sources used, though the reported D/E of 0.45 implies modest debt.
Valuation

Roopa Screen IPO Valuation & Peer Comparison

At the upper band of ₹64. Peers from the RHP "Basis for Offer Price".

Earnings
EPS pre-IPO
₹8.04
EPS post-IPO
₹5.86
P/E pre-IPO
8.0×
P/E post-IPO
10.9×
Returns & margins
ROE
49.37%
ROCE
39.33%
RoNW
39.60%
PAT margin
12.78%
EBITDA margin
19.72%
Market cap
₹70.83 Cr
Debt / Equity
0.45×

Peer comparison

CompanyP/EP/BRoNW
Roopa Screen8.0×—39.60%
Stovec Industries50.5×—5.37%
At ~8× pre-issue and ~11× post-issue earnings (₹71 Cr market cap), Roopa is priced far below its only listed peer, Stovec Industries (~51×). Stovec earns much lower returns, so the gap is partly a size and liquidity discount for a small SME.
Company & Offer

About Roopa Screen

Business profile from the RHP.

  • 2013Incorporated · Narol, Ahmedabad
  • 200+ clientsTextile printing plants across India (FY26)
  • 4 rangesDelta, Penta, Standard and Nova rotary screens
  • 128 employeesFull-time, as of Aug 31, 2026

Promoters & holding

Ghanshyambhai Ranchhodbhai Thakkar, Kunal Ghanshyambhai Thakker, Bhartiben Ghanshyambhai Thakkar, Preksha Kunal Thakkar

Pre-issue87.40%
Post-issue63.71%

Objects of the issue

New manufacturing facility (capex)₹9.90 Cr
Working capital₹6.00 Cr
General corporate purposesBalance

Anchor investors

Raised
₹5.32 Cr

Allotted Sep 23, 2026 · 8,32,000 shares. Lock-in: 50% until Oct 29, 2026, the rest until Dec 28, 2026.

IPOSignal Review

Roopa Screen IPO Review: Should You Apply?

Our 100-point score, and both sides of the case.

68out of 100
Proceed with Caution · Cheap Niche, Small Base
Confidence: 55% (Medium)
Score breakdown
Financial health19/25
Valuation15/20
Business quality9/15
Industry growth5/10
Management7/10
Governance5/10
Subscription7/7
Sentiment1/3
GMP is not part of the score.

Our view: A profitable niche maker of rotary printing screens with ~20% EBITDA margins, low debt and a new plant funded by the issue, priced at ~11× post-issue earnings. But it is small, depends entirely on the textile printing cycle and nickel prices, the profit jump comes from a tiny FY24 base, and IPOWatch's review calls the issue fully priced.

Strengths
  • Strong growth: revenue up ~20% a year (₹35.9 Cr → ₹51.3 Cr) and profit up from ₹1.5 Cr to ₹6.5 Cr.
  • Healthy returns for a manufacturer: EBITDA margin ~20%, ROE ~49% and ROCE ~39%, with debt/equity of only 0.45.
  • Low price: ~11× post-issue earnings vs ~51× for listed peer Stovec Industries.
  • About half the issue (₹9.9 Cr) funds a new manufacturing facility, which adds capacity rather than paying off old debt.
  • Entirely a fresh issue, and it was fully subscribed on Day 1 (1.93×).
  • The lead manager (Seren Capital) has a decent recent record: of its last 9 SME listings, 8 listed at a premium (16–49%) and 1 at par, per IPOWatch.
Risks
  • Small base: FY24 profit was only ₹1.5 Cr, so the recent jump may not repeat, and the company is just ₹51 Cr in revenue.
  • Tied to one industry: all sales go to textile printing mills, whose demand is cyclical.
  • Rotary screen printing faces a long-term threat from digital textile printing.
  • Nickel is the main raw material and its price is volatile; the company also trades nickel cathodes, which adds low-margin revenue.
  • Sales are concentrated in a few states, the SME minimum is high at ₹2,56,000, and demand surged to 387.61× overall at the final-day close (individual investors 529.82×), so allotment odds are slim.
Post-Listing Check

Roopa Screen Listing Performance Updates after Oct 1

We close the loop: issue vs listing price, and whether our call was right.

Issue price
₹64
Listing price
—
Listing gain
—
Our call
Proceed with Caution
Allotment & Contacts

Roopa Screen IPO Allotment Status & Contact Details

Allotment was finalised on Sep 29. Check it with your PAN or application number.

Bigshare Services Pvt. Ltd.

Registrar
Phone
8657578989 / 8069219065 / 8069219060
Email
ipo@bigshareonline.com
Check allotment status →

Roopa Screen Ltd.

Company
Address
6, Sudama Estate, Behind Swastik Bansidhar, Opp. Sudama Furniture, Narol, Ahmedabad, Gujarat 382405
Phone
079-29755557
Email
info@roopaindia.in
Website
roopaindia.in
FAQs

Roopa Screen IPO FAQs

GMP, price, lot size, dates, allotment and how to apply.

What is Roopa Screen IPO?

Roopa Screen IPO is a ₹19.20 Cr SME book built issue, entirely a fresh issue. The shares will list on BSE SME.

What is Roopa Screen IPO GMP today?

As of Sep 29 · 7:30 PM IST, the grey market premium is ₹32 (≈50.0%), implying an estimated listing price of about ₹96. The GMP has ranged ₹8 – 32 since Sep 23. GMP is unofficial and not a guarantee of the listing price.

What is the price band of Roopa Screen IPO?

The price band is ₹60 – ₹64 per equity share of face value ₹10.

What is the lot size of Roopa Screen IPO?

The minimum lot is 2,000 shares. Individual investors must apply for exactly 2 lots (4,000 shares).

What is the minimum investment for Roopa Screen IPO?

The minimum individual investment is ₹2,56,000 (4,000 shares at ₹64).

When does Roopa Screen IPO open and close?

The IPO opens on Sep 24, 2026 and closes on Sep 28, 2026.

What is the allotment date of Roopa Screen IPO?

The basis of allotment is finalised on Sep 29, 2026. Refunds and demat credit are expected on Sep 30, 2026.

When will Roopa Screen IPO be listed?

The tentative listing date is Oct 1, 2026 on BSE SME.

What is Roopa Screen IPO subscription status?

At close (Sep 28 · 5:00 PM IST), the issue was subscribed 387.61× overall — QIB 111.63×, bHNI 429.87×, sHNI 407.57×, Individual 529.82×.

What is the P/E ratio and valuation of Roopa Screen IPO?

At the upper band, the P/E is 8.0× pre-issue and 10.9× post-issue, with a market cap of about ₹70.83 Cr. Listed peers include Stovec Industries (50.5×).

Should I apply for Roopa Screen IPO?

IPOSignal's view is Proceed with Caution · Cheap Niche, Small Base (68/100). A profitable niche maker of rotary printing screens with ~20% EBITDA margins, low debt and a new plant funded by the issue, priced at ~11× post-issue earnings. But it is small, depends entirely on the textile printing cycle and nickel prices, the profit jump comes from a tiny FY24 base, and IPOWatch's review calls the issue fully priced. This is research, not investment advice.

How to check Roopa Screen IPO allotment status?

Check on the registrar Bigshare Services Pvt. Ltd.'s site (ipo.bigshareonline.com/IPO_Status.html), or on the BSE / NSE allotment pages, using your PAN or application number.

Who is the registrar and lead manager of Roopa Screen IPO?

The registrar is Bigshare Services Pvt. Ltd.. The book-running lead manager is Seren Capital Pvt. Ltd.. The market maker is B.N. Rathi Securities Ltd..

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