Roopa Screen IPO
Capital Goods-Non Electrical Equipment • ₹19cr
Medium risk because:
- 5 material risk factors disclosed in DRHP
- Regulatory or legal risks cited in DRHP
- SME listing with thinner post-listing liquidity
IPOFins risk score from DRHP risk factors, subscription demand & issue structure
Price Band
₹24-28
Lot Size
2000 shares
Issue Size
₹19cr
Open
24 Sept 2026
Close
28 Sept 2026
Subscription
95.1×
GMP +₹38 → est. ₹66
IPO Schedule
| Issue Open Date | 24 Sept 2026 |
| Issue Close Date | 28 Sept 2026 |
| Allotment Date | 29 Sept 2026 |
| Listing Date | 01 Oct 2026 |
About Roopa Screen
Roopa Screen manufactures rotary nickel screens used in rotary screen-printing machines, primarily by textile manufacturers for continuous printing on fabrics. The company operates a manufacturing facility in Sanand, Ahmedabad, Gujarat, with an installed capacity of 74,400 screens per annum. Its key products include standard screens and specialized variants such as Penta, Delta, and Nova screens. Penta screens, featuring 125 mesh for applications requiring higher paste flow and wider coverage, such as background printing, contribute a significant portion of the total revenue. Additionally, the company engages in the trading of nickel cathodes, which is the principal raw material used in its manufacturing process. Revenue is derived primarily from domestic customers across Gujarat, Maharashtra, and Haryana. The business caters predominantly to the textile sector, along with allied industries such as chemicals, dyes, and engineering. To support future demand, Roopa Screen is setting up an additional unit in Sanand to expand its production capabilities.  
Company Details
Founders / Promoters
Mr Ghanshyambhai Thakkar
Founded
2013
Registrar
Bigshare Services Pvt Ltd
Documents
DRHP / RHP Document (PDF)
View official prospectus →
Subscription Status
95.1×
Total Subscription
Grey Market Premium (GMP)
Issue Price
₹28
GMP
+₹38
Est. Listing
₹66
Est. Gain
+135.7%
GMP is unofficial grey market data — not regulated by SEBI. Use only as a sentiment indicator alongside subscription data. View all IPO GMP →
Investment Analysis
Roopa Screen — IPOFins Verdict
QuantitativeDriven by QIB demand at 6.1x and moderate disclosed risk (6/10). SME listings are also thinner and more volatile after listing. The picture is mixed — treat this as one input alongside the DRHP, valuation, and your own risk appetite.
- In-house manufacturing features integrated testing capabilities to ensure product quality.
- High-quality rotary nickel screens offer superior durability and precise printing.
- Well-diversified customer base spans multiple industries and geographic regions.
- Experienced Promoters and management team bring extensive domain knowledge.
- Strategic capacity expansion will introduce larger screens for high-end applications.
Score breakdown — what drove this verdict
Moderate risk from DRHP → score -0.4
Institutional subscription → score +1.0
Strong retail interest → score +0.5
SME IPOs have lower liquidity after listing → score −0.5
Base score: 5.0 · Final score = base + all factor adjustments, capped 1–10. Full methodology →
IPOFins Score is a quantitative signal from subscription demand, disclosed risk, and listing data — not investment advice. Not SEBI-registered.
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FAQ
What is the price band of Roopa Screen IPO?
The price band is ₹24-28 per share with a lot size of 2000 shares. Minimum investment: ₹56,000.
What does Roopa Screen do?
Roopa Screen manufactures rotary nickel screens used in rotary screen-printing machines, primarily by textile manufacturers for continuous printing on fabrics. The company operates a manufacturing facility in Sanand, Ahmedabad, Gujarat, with an installed capacity of 74,400 screens per annum. Its key products include standard screens and specialized variants such as Penta, Delta, and Nova screens. Penta screens, featuring 125 mesh for applications requiring higher paste flow and wider coverage, such as background printing, contribute a significant portion of the total revenue. Additionally, the company engages in the trading of nickel cathodes, which is the principal raw material used in its manufacturing process. Revenue is derived primarily from domestic customers across Gujarat, Maharashtra, and Haryana. The business caters predominantly to the textile sector, along with allied industries such as chemicals, dyes, and engineering. To support future demand, Roopa Screen is setting up an additional unit in Sanand to expand its production capabilities.  
Should I apply for Roopa Screen IPO?
Roopa Screen is drawing strong interest at 95.1x overall subscription (QIB 6.1x, retail 226.2x) — high retail oversubscription usually means lower allotment odds per application. IPOFins Score 6/10: Driven by QIB demand at 6.1x and moderate disclosed risk (6/10). SME listings are also thinner and more volatile after listing. The picture is mixed — treat this as one input alongside the DRHP, valuation, and your own risk appetite.
Who founded Roopa Screen?
Roopa Screen was founded by Mr Ghanshyambhai Thakkar in 2013.