SME
IPO ·
BSE SME
Roopa Screen Ltd
Listed
Makes rotary nickel screens for textile printing and trades nickel cathodes.
Issue details
Price band
₹60 – ₹64
Face value
₹10
Lot size
2,000 shares
Minimum investment
₹2,56,000
Issue size
₹19.20 Cr
Fresh issue
₹19.20 Cr
Offer for sale
—
Issue type
Book Built
Exchange
BSE SME
Key dates
Opens
24 Sep 2026
Closes
28 Sep 2026
UPI mandate cut-off
5:00 PM on 28 Sep 2026
Allotment
29 Sep 2026
Refunds
30 Sep 2026
Shares in demat
30 Sep 2026
Listing
1 Oct 2026
Subscription and listing
Subscription
271.94x
Listing price
₹121.60
Registrar
Bigshare Services Pvt Ltd
Lead manager
Seren Capital Pvt Ltd
Subscription by category
QIB (Ex Anchor)
44.81x
NII *
421.94x
bNII (> ₹10L)
429.12x
sNII (< ₹10L)
407.57x
Individual Investor
529.82x
Total
271.94x
Total applications
1,46,988
Anchor investors
Amount raised
₹5.32 Cr
Bid date
23 Sep 2026
50% lock-in ends
28 Oct 2026
Rest lock-in ends
27 Dec 2026
Listing day
Issue price
₹64
Open
₹121.60
High
₹127.68
Low
₹115.52
Day close
₹115.52
Listing gain at open
+90.00%
Issue structure
Shares reserved per category and share of the total issue
QIB
13,90,000
46.33%
Anchor Investor
8,32,000
27.73%
QIB (Ex. Anchor)
5,58,000
18.60%
NII
4,20,000
14.00%
bNII > ₹10L
2,80,000
9.33%
sNII < ₹10L
1,40,000
4.67%
Retail
9,80,000
32.67%
Market Maker
2,10,000
7.00%
Total
30,00,000
100.00%
Finaccle’s quick read
Apply
PAT up about 38% in FY26 with ROE of 49.37%, PAT margin of 12.78%, D/E of 0.45 and post-issue P/E of 10.92 on a 100% fresh issue; small base is the main caveat.
A rules-based screen of growth, margins, debt and valuation, built from the offer document and data on Chittorgarh.com. It is for information only and is not investment advice or a recommendation to buy or sell. Read the RHP and speak to a SEBI-registered adviser before you apply.
About the company
Roopa Screen makes rotary nickel screens, the perforated stencils used on rotary printing machines, mostly by textile processors. It manufactures at Sanand near Ahmedabad, Gujarat, and also trades nickel cathodes, its main raw material. It served over 200 customers in FY26, mainly in Gujarat, Maharashtra, Haryana, Punjab and Tamil Nadu, with 128 permanent staff.
Founded
Promoters
Products and segments
Promoter holding
Financial performance
Period
PAT
ROE
49.37%
ROCE
39.33%
Debt / equity
0.45
PAT margin
12.78%
P/E post issue
10.92
Market cap
₹70.83 Cr
Use of IPO money
Capex for new manufacturing facility
₹9.90 Cr
Working capital
₹6.00 Cr
General corporate purposes
₹0.02 Cr
Issue expenses
₹3.28 Cr
Strengths
✓
Niche product with in-house manufacturing and testing
✓
Over 200 customers spread across several states
✓
Healthy margins: EBITDA 19.72%, PAT 12.78%
✓
Low debt/equity of 0.45
✓
Entire issue is fresh capital at P/E of 10.92
Risks to watch
!
Small revenue base of about ₹51 Cr
!
PAT tripled from ₹1.50 Cr in FY24 to ₹4.69 Cr in FY25
!
Dependence on the textile printing industry
!
Nickel price volatility affects costs
!
Revenue growth slowed to about 12% in FY26
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Last updated:
Information is compiled from exchange notices and the company’s offer document. It is for general information only and is not investment advice or a recommendation to apply. Read the prospectus before investing.