| Annual Financials | Mar 2024 | Mar 2025 | Mar 2026 |
| Revenue | 35.71 | 45.34 | 50.73 |
| Expenses | 33.83 | 39.36 | 42.63 |
| Other Income | 0.14 | 0.29 | 0.59 |
| Total Revenue | 35.85 | 45.63 | 51.32 |
| Profit Before Tax | 2.01 | 6.27 | 8.69 |
| Net Profit | 1.50 | 4.69 | 6.48 |
Roopa Screen
Roopa Screen IPO
₹2,40,000
0.54 xOver-subscribedBidding Dates 24 Sept, 26 -28 Sept, 26
Min Investment ₹2,40,000
Lot Size2,000
Price Range ₹60 – ₹64
Issue Size ₹19.20 Cr.
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IPO Subscription Details
Retail Subscription Details
1.12 x
Non-Institutional Buyers (sHNI)
0.81 x
Non-Institutional Buyers (bHNI)
0.31 x
Qualified Institutional Buyers (QIB)
0.15 x
Total0.54 x
0.54 x IPO Timeline
IPO Offer Start
24 Sept,26
IPO Offer Ends
28 Sept,26
Allotment Finalisation
29 Sept,26
Refund Initiation
30 Sept,26
Listing of Shares
01 Oct,26
IPO Analysis
Strengths
The company operates a manufacturing facility at Gallops Industrial Park–II, Sanand, Ahmedabad, equipped with in-house testing laboratory and quality control infrastructure; Gujarat accounted for 58.93% of revenue from operations in Fiscal 2026, aligning operations with its largest market.
In Fiscal 2026, 99.69% of revenue was derived from domestic sales across 11 states, with key markets — Gujarat, Maharashtra, Haryana, Punjab, and Tamil Nadu — collectively contributing ₹4,899.37 lakhs, representing 96.58% of total revenue from operations.
The company has maintained relationships with several customers in the textile printing industry, some associated for the last five fiscals, supported by a dedicated sales and marketing team of seven employees managing communication and new business development.
Risks
The company discontinued manufacturing operations at its Narol facility effective December 15, 2025, due to the absence of a factory licence and Gujarat Pollution Control Board consents. Pending commencement of the proposed new facility, production capacity constraints may impair the company's ability to fulfill customer orders, and future regulatory action for past non-compliant operations could result in penalties or prosecution.
Almost all of the company's revenues are derived from customers in the textile sector, exposing it to sector-specific risks such as demand slowdowns, trade policy changes, and technological shifts. Any adverse development in the textile industry could materially impact the company's business, financial condition, and cash flows.
The company's Penta Screen product accounted for 38.54%, 39.28%, and 42.24% of revenue from operations in Fiscal 2026, 2025, and 2024, respectively, representing significant product-concentration risk. Any decline in demand due to changing customer preferences, substitute products, or raw material disruptions could materially and adversely affect revenues and profitability.
Objectives
The company intends to set up a new manufacturing facility adjacent to its existing unit at Sanand, Ahmedabad, to enhance installed capacity from 74,400 to 163,200 screens per annum and expand its product portfolio by introducing rotary nickel screens of larger diameter.
The company proposes to utilize a portion of the Net Proceeds towards incremental working capital requirements to support business expansion, with the balance to be met from existing bank borrowings and internal accruals.
The company intends to deploy the remaining Net Proceeds for general corporate purposes including meeting operating expenses, business development, marketing capabilities, and other exigencies, not exceeding 15% of Gross Proceeds or Rs. 10 crores, whichever is lower.
Yearly Financial Results
Balance Sheet
| Balance Sheet | Mar 2024 | Mar 2025 | Mar 2026 |
| Total Assets | 19.66 | 22.47 | 30.00 |
| Current Assets | 11.94 | 14.89 | 21.02 |
| Fixed Assets | 7.72 | 7.58 | 8.99 |
| Total Equity & Liabilities | 19.66 | 22.47 | 30.00 |
| Total Liabilities | 14.46 | 12.58 | 13.63 |
| Current Liabilities | 6.59 | 6.69 | 12.48 |
| Non Current Liabilities | 7.87 | 5.89 | 1.14 |
| Total Equity | 5.21 | 9.89 | 16.37 |
Cash Flow
| Cash Flow | Mar 2024 | Mar 2025 | Mar 2026 |
| Net Cash Flow | -0.05 | -0.06 | -0.07 |
| Investing Activities | -2.93 | -1.01 | -2.58 |
| Operating Activities | 5.86 | 3.81 | 2.85 |
| Financing Activities | -2.99 | -2.86 | -0.34 |
About Roopa Screen
Roopa Screen Limited, incorporated in 2013, is engaged in the manufacturing of rotary nickel screens used in rotary screen-printing machines, primarily by textile manufacturers for continuous fabric printing. The company offers products in multiple variants — Delta, Penta, Standard, and Nova — across various mesh sizes, and also trades nickel...more
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Managing DirectorGhanshyambhai Ranchhodbhai Thakkar
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