Roopa Screen IPO

About Roopa Screen IPO

The offer consists of a fresh issue component. The fresh issue will include 29,20,000 shares (aggregating up to ₹[.] crores). The total number of shares is 29,20,000 while the aggregate amount is yet to be finalised.

The IPO opens on TBA and closes on TBA. The tentative listing is on TBA. The initiation of refund will take place on TBA. The credit of shares to the demat account will take place on TBA. The allotment of bids will take place on TBA.

Roopa Screen is engaged in the manufacturing of rotary nickel screens, which are critical components used in rotary screen-printing machines within the textile industry. Their products are offered in various mesh sizes and specifications to cater to different requirements. Their manufacturing operations are carried out at facilities located in Ahmedabad, a major textile hub, which provides proximity to suppliers and customers, thereby supporting operational efficiency. These facilities are equipped with in-house laboratory and quality control infrastructure, enabling them to monitor product quality at various stages of the production process. Such integration allows them to maintain consistency and ensure that their rotary nickel screens adhere to the required technical specifications and performance standards.

Objectives of Roopa Screen IPO

• Funding of capital expenditure towards the setup of a new manufacturing facility.
  
• Funding of working capital requirements.
  
• General corporate purposes.
  

Industry Outlook

The Indian Rotary Nickel Screen industry market is projected to expand at a CAGR of 10.8% in terms of volume and 12.6% in terms of value, during the 2020-30 period. A number of important drivers behind this growth include rising demand from the textile printing industry, technology and innovation in the making of screens, and rising demand for high-precision printing solutions. The sales volume of Rotary Nickel Screens has shown a steady upward trend in recent years. However, as a product with raw materials constituting a significant portion of its cost structure, its value is highly sensitive to fluctuations in raw material prices. The sharp ~40% increase in nickel prices in 2022 drove a rapid surge in market value. Conversely, the subsequent decline in nickel prices in 2023 and 2024 led to a moderation in value. Given the global nature of raw material pricing, this trend has been consistently observed across all major markets. By 2030, it is expected to grow to over USD 30 crores, growing at a CAGR of % for the 2020-30 period (Source: CareEdge Report).

Roopa Screen Company Information

Incorporated in 2013, Roopa Screen is engaged in the manufacturing of rotary nickel screens, which are used in rotary screen-printing machines, primarily by textile manufacturers for continuous printing on fabrics. Rotary nickel screens are cylindrical, perforated metal screens that act as stencils in rotary screen-printing machines, through which printing paste is applied to imprint patterns and designs on fabrics. These screens are manufactured in various mesh counts, thicknesses, and repeat sizes to suit varied printing requirements, ranging from fine detailing to background coverage, and represent a recurring consumable for textile manufacturers, as they are replaced periodically depending on usage and production intensity.

In addition to the manufacturing of rotary nickel screens, they are also engaged in the trading of nickel cathodes, which are primarily used as a key raw material in the production process of nickel screens. During fiscals 2025, 2024 and 2023, revenue from trading of nickel cathodes accounted for 11.83%, 1.29% and 2.07%, respectively, of their total revenue from operations.

Their product line consists of rotary nickel screens offered in multiple variants such as Standard, Delta, Penta and Nova, each developed to meet specific printing applications within the textile industry. The Standard variant is suitable for general-purpose printing applications, while Delta screens are designed for fine detailing and intricate designs. Penta screens are intended for heavy paste flow and background printing and Nova screens are tailored for high-usage environments requiring extended durability and fine mesh output. These variants are available in a range of mesh sizes and technical specifications, allowing them to cater to diverse printing needs across fabric types, design complexities and production scales.

Strengths of Roopa Screen IPO

• In-house manufacturing facility with integrated quality control and testing capabilities.
  
• Geographically dispersed customer base.
  
• Long-term relationships with customers.
  
• Experienced promoters with industry expertise.
  

Risks of Roopa Screen IPO

• Any slowdown or adverse developments in the performance of the textile industry.
  
• Any decline in demand for their key product variant, Penta Screen.
  
• The loss of any one or more of their major customers.
  
• Any disruption or shutdown of their manufacturing operations at their existing facilities.
  
• Changes in technology may render their current technologies obsolete or require them to make substantial investments.
  

*The listed peer falls in the similar line of business as of Roopa Screen for broad comparison purpose, however, there is a distinction in the product portfolio between Roopa Screen and that of the selected peer i.e. Stovec Industries Limited (SIL)

** Market Price of the peers is taken as per the closing traded price on 22/09/2025 is ₹2,239.60

Notes:
(i) Source – All the financial information for listed industry peer mentioned above is sourced from the Financial Results of the aforesaid companies for the calendar year ended December 31, 2024, and stock exchange data dated September 22, 2025 to compute the corresponding financial ratios.

(ii) For Roopa Screen, Current Market Price is taken as the issue price of equity share. Further, P/E Ratio is based on the current market price of the respective scrips.

(iii) The EPS, NAV, RoNW and Total Income of Roopa Screen is taken as per the Restated Financial Statement for the F.Y. 2024-25.

(iv) NAV per share is computed as the closing net worth divided by the weighted average number of paidup equity shares as on March 31, 2025.

(v) RoNW has been computed as net profit after tax divided by closing net worth.

(vi) Net worth has been computed in the manner as specified in Regulation 2(1) (hh) of SEBI (ICDR) Regulations, 2018.

(vii) The face value of Equity Shares of Roopa Screen ₹ 10/- per Equity Share and the Issue price is [●] times the face value of equity share.

(viii) For peer comparison, the financial year 2024-25, 2023-24, 2022-23 of Roopa Screen has been compared with the calendar year 2024, 2023, 2022 respectively of the peer company, since the peer company follows calendar year instead of financial year.

Anchor Investor Bidding Date: TBA

Registrar: Bigshare Services Private Limited Book Running Lead Managers: Seren Capital Private Limited

Roopa Screen Business Model

The company earns its revenue through the following: Manufacturing of rotary nickel screens, which are critical components used in rotary screen-printing machines within the textile industry. Their products are offered in various mesh sizes and specifications to cater to different requirements.

Roopa Screen Growth Trajectory

Roopa Screen’s total income for the year ended March 31, 2025 stood at ₹45.63 crores. The total income consists of revenue from operations and other income.

During the year ended March 31, 2025, the net revenue from operations of their company was ₹45.34 crores, primarily driven by the sale from the manufacturing of nickel screens amounting to ₹39.90 crores, along with revenue from trading of nickel cathodes of ₹5.36 crores and other operating revenue of ₹0.08 crores. During the year ended March 31, 2025, the other income of their company stood at ₹0.29 crores.

The company reported restated profit after tax for the year ended March 31, 2025 of ₹4.69 crores.

Roopa Screen Market Position

In fiscal 2025, Roopa Screen supplied their rotary nickel screens to over 200 customers across India. A significant portion of their revenues was generated from markets including Gujarat, Maharashtra, Haryana, Punjab and Tamil Nadu, while they have also recorded sales in other regions such as Uttar Pradesh, Rajasthan and Madhya Pradesh, reflecting a diversified domestic presence.

As of 31 March 2025, the company’s Total Income, Profit After Tax, and EBITDA were ₹45.630 crores, ₹4.685 crores, and ₹8.127 crores, respectively.

How to check the allotment status of Roopa Screen IPO?

1. Visit the Registrar's Website

To check the IPO allotment status for Roopa Screen IPO, visit the official website of Bigshare Services Private Limited, the registrar for this IPO. On their IPO allotment status page, enter your Permanent Account Number (PAN), application number, or Demat account ID. Then, click the ‘Submit’ button to view your allotment status. Ensure you have the necessary details ready for a quick and accurate check.

2. Check on the Bombay Stock Exchange Website

The Bombay Stock Exchange (BSE) also has an IPO allotment status page. Go to the BSE website and find the 'Investors' tab. Under 'Investors', click on 'IPO'. This will take you to the IPO allotment status page.

On the BSE IPO page, follow these steps

• Select 'Equity' from the dropdown menu
  
• Choose 'Roopa Screen' in the next dropdown
  
• Enter your application number
  
• Enter your PAN
  
• Click 'Search'
  

Your Roopa Screen IPO allotment status will be displayed.

3. Verify on the National Stock Exchange Website

The National Stock Exchange (NSE) has an IPO Bid Verification module. Use this to check Roopa Screen IPO allotment status.

Go to the NSE website and find the 'Invest' tab. Click on 'Verify IPO Bids' under 'Resources & Tools'.

On the NSE IPO Bid Verification page, enter:

• Application number
  
• PAN
  

Then click 'Submit'. Your Roopa Screen IPO bid and allotment details will be displayed.

How to apply for Roopa Screen IPO?

• Step 1: Log in to your Kotak Securities Demat account - Log in to your Demat account to access IPO investments. Next, select the current IPO section.
  
• Step 2: Specify IPO details - Enter the number of lots and the price you wish to apply for.
  
• Step 3: Enter UPI ID - After entering your UPI ID, click submit. This will place your bid with the exchange.
  
• Step 4: Mandate Notification - Your UPI app will receive a mandate notification to block funds.
  
• Step 5: Approve Request - Your funds will be blocked once you approve the mandate request on your UPI.