Roopa Screen
What they do: Roopa Screen Limited operates in the manufacturing sector, focusing on producing and selling industrial products. The company generates revenue primarily from operations, with a consistent increase in sales over the years, indicating a successful business model that capitalizes on market demand.
By IPO Milega Research · Published · Updated
Analysis score 6.8 +1 for 44.81x QIB subscription
Roopa Screen Limited shows strong financial fundamentals with consistent revenue and profit growth over the past three years.
- GMP (unofficial)
- +46.88%
- ₹30 a share
- Subscribed
- 271.94x
- Total
- Retail odds
- 0.19%
- 1 in 530
GMP is an unofficial grey market indication.
- Price band
- ₹60-64
- Lot size
- 4000 shares
- Min. investment
- ₹2,56,000
- Issue size
- 19.20 Cr.
- Open24 Sept 2026
- Close28 Sept 2026
- Allotment29 Sept 2026
- Listing1 Oct 2026
Overview
Estimated from the current subscription figures. Tap a category to work it out for your application size.
- QIB
- 44.81x
- NII
- 421.94x
- Retail
- 529.82x
₹94 (+46.88%)
GMP trend
Unofficial grey market quotes, times in IST
Outer ring: estimated gain
How the score adds up
The overall score is the average of these five, nudged by QIB demand once bidding closes.
- Financials8.0
- Performance8.0
- Flexibility7.0
- Timing7.0
- Risk4.0
The Grey Market Premium (GMP) of 72 indicates an expected gain of 12.50% on listing. This is supported by the company's strong financial performance, consistent revenue growth, and strategic market positioning, despite some operational and regulatory risks.
Strengths3
- Revenue growth from ₹3,570.53 lakhs in FY 2023-24 to ₹5,072.73 lakhs in FY 2025-26.
- Expansion of production capacity from 74,400 to 163,200 screens per annum.
- Significant improvement in EBITDA margin from 11.87% in FY 2023-24 to 19.72% in FY 2025-26.
Concerns5
- Restrictive covenants in financing arrangements may impact operations.
- Market price of equity shares may decline post-issue.
- Economic slowdown in India could affect business performance.
- Natural disasters and geopolitical tensions may disrupt operations.
- Volatility in Indian securities market may affect share price.
Who gets shares
- QIB50%
- NII15%
- Retail35%
- Retail Minimum2,56,0002 lots, 4,000 shares
- Retail Maximum2,56,0002 lots, 4,000 shares
- S-HNI Minimum3,84,0003 lots, 6,000 shares
- S-HNI Maximum8,96,0007 lots, 14,000 shares
- B-HNI Minimum10,24,0008 lots, 16,000 shares
| Application | Lot size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 | 4,000 | 2,56,000 |
| Retail Maximum | 2 | 4,000 | 2,56,000 |
| S-HNI Minimum | 3 | 6,000 | 3,84,000 |
| S-HNI Maximum | 7 | 14,000 | 8,96,000 |
| B-HNI Minimum | 8 | 16,000 | 10,24,000 |
Timing
7.0/10The timing of Roopa Screen's IPO appears favorable, given the company's established history and strategic transition to a public entity. The modest IPO size is likely to attract a diverse range of investors, although the absence of certain investor protections like a green shoe option could be a minor drawback.
- Time to market
- The company's conversion to a public limited entity and the timing of the IPO suggest a well-planned entry into the market. The strategic decision to issue during a period of potentially favorable market conditions enhances the attractiveness of the offering.
- How allotment works
- Basis of allotment finalized and shares credited to demat
- Market timing
- Favourable
- Time to market
- 8.0
- Listing on
- BSE SME
Key milestones
- 24 Sept 2026IPO Opens
- 28 Sept 2026IPO Closes
- 29 Sept 2026Basis of Allotment
- 30 Sept 2026Refunds Initiated
- 30 Sept 2026Credit to Demat Account
- 1 Oct 2026Listing Date
Financials
8.0/10- Revenue
- ₹51.32 Cr
- +12.5%
- Profit after tax
- ₹6.48 Cr
- +38.2%
- Net margin
- 12.6%
- +2.3 pts
- Assets
- ₹30 Cr
- +33.5%
- Return on equity
- 39.60%
- Debt to equity
- 0.72
- Current ratio
- 1.56
- Revenue CAGR
- 19.5%
- ROCE
- 39.33%
- Return on net worth
- 39.60%
- NAV per share (₹)
- 20.30
Financial performance trend
Amount ₹ in croresRoopa Screen Limited shows strong financial fundamentals with consistent revenue and profit growth over the past three years. The company has managed to improve its profitability significantly, as evidenced by the increasing net profit and EBITDA. The balance sheet reflects a healthy asset base with manageable liabilities, and the financial ratios indicate good liquidity and profitability.
Risk
4.0/10Read this score as a safety rating: 10/10 means the lowest risk, 1/10 the highest.
Where the risks sit
- Financial risks2
- Market risks2
- Operational risks1
- Regulatory risks1
The company faces significant financial, market, and operational risks, including economic volatility, regulatory changes, and market liquidity issues.
How the company offsets these
Diversifying markets and maintaining strong financial controls can mitigate risks.
Financial risks2
- Restrictive covenants in financing arrangements may impact operations.
- Inflation may increase costs and reduce profitability.
Market risks2
- Market price of equity shares may decline post-issue.
- Volatility in Indian securities market may affect share price.
Operational risks1
- Natural disasters and geopolitical tensions may disrupt operations.
Regulatory risks1
- Economic slowdown in India could affect business performance.
Performance
8.0/10Roopa Screen Limited, a manufacturer of rotary nickel screens for the textile industry, has demonstrated strong financial performance with consistent revenue growth and profitability. The company is expanding its production capacity significantly, which is expected to enhance its market position. However, the recent closure of its Narol unit due to regulatory issues poses a risk. The management team is experienced, and the company maintains good corporate governance practices.
- Historical growth
- The company has shown consistent revenue growth over the past three fiscal years, with a 26.99% increase in FY 2024-25 and an 11.88% increase in FY 2025-26., Revenue grew from ₹3,570.53 lakhs in FY 2023-24 to ₹5,072.73 lakhs in FY 2025-26.
- Market comparison
- Roopa Screen Limited operates in a growing market with a projected CAGR of 10.8% in volume and 12.6% in value for the Indian rotary nickel screen industry. The company is well-positioned to capitalize on this growth due to its expansion plans.
- Future potential
- The company is expected to grow significantly due to its increased production capacity and the expanding textile industry.
- Operational consistency
- Despite regulatory challenges, the company has maintained consistent revenue growth and profitability.
- Experience
- The management team has extensive experience, with the Chairman having 35 years and the CFO 20 years in the industry.
- Track record
- The management has successfully overseen consistent growth and expansion plans.
Key achievements
- 01Revenue growth from ₹3,570.53 lakhs in FY 2023-24 to ₹5,072.73 lakhs in FY 2025-26.
- 02Expansion of production capacity from 74,400 to 163,200 screens per annum.
- 03Significant improvement in EBITDA margin from 11.87% in FY 2023-24 to 19.72% in FY 2025-26.
Flexibility
7.0/10The company has a strong domestic presence across multiple states in India and has begun exporting to Sri Lanka. This geographical diversification reduces dependency on any single market and mitigates regional demand fluctuations.
Roopa Screen Limited has demonstrated operational agility by managing production through its existing facility after closing another due to regulatory issues. It is also expanding its manufacturing capacity to meet growing demand.
Roopa Screen Limited demonstrates moderate flexibility and adaptability, with strengths in operational agility and market adaptability, but faces challenges in financial stability and product diversification.
- Product diversification
- The company primarily manufactures rotary nickel screens with some trading in nickel cathodes. Its product line is focused on variants of rotary screens, limiting diversification beyond the textile industry.
- Future adaptability
- The planned expansion of manufacturing capacity and introduction of new product variants indicate potential for future adaptability. However, the company's reliance on a narrow product range and specific industry could limit adaptability to broader market changes.
The data on this page has been reviewed manually by the IPO Milega research team. It is not investment advice, and IPO Milega accepts no responsibility for losses arising from any investment decision. Investments in the securities market are subject to market risks. Read all the related documents, including the full prospectus, carefully before investing.