Roopa Screen IPO Analysis: Should You Apply? GMP, Review & Details

Roopa Screen is a SME IPO in the Trading - Textile Products sector. The issue price band is ₹60.0–₹64.0 per share. Issue size is ₹19.2 crore. Current GMP is +50.0% over the issue price (unofficial, subject to change).

Roopa Screen IPO — Key Details

Company Overview

Roopa Screen Ltd, incorporated in 2013, specializes in manufacturing rotary nickel screens for textile printing. These screens are essential for continuous fabric printing, acting as stencils that allow printing paste to create patterns. The company offers four main types of screens, each suited for different printing needs, and also trades in nickel cathodes, which contribute to a portion of its revenue. With manufacturing units in Ahmedabad and additional facilities in Surat and Panipat, Roopa Screen serves over 200 customers across various states in India, focusing on quality and timely delivery.

Financial Performance

Total income was ₹35.85 Cr in the year ending 31 Mar 2024, increasing to ₹45.63 Cr by 31 Mar 2025, and further rising to ₹51.32 Cr by 31 Mar 2026. This shows a consistent upward trend in revenue over the periods. Profit After Tax was ₹1.50 Cr in the year ending 31 Mar 2024, which grew to ₹4.69 Cr by 31 Mar 2025, and reached ₹6.48 Cr by 31 Mar 2026. This indicates a positive growth trajectory in profitability.

Objects of the Issue

The Company proposes to utilize the Net Proceeds from the Issue towards the following objects: 1) Funding of capital expenditure towards the setup of a new manufacturing facility (₹9.90 Cr), 2) Funding of Working Capital Requirements (₹6.00 Cr), and 3) General Corporate Purposes (Total: ₹15.90 Cr).

Strengths & Weaknesses

Strengths

The company boasts an in-house manufacturing facility with integrated quality control and testing capabilities. It has a geographically dispersed customer base and long-term relationships with its customers, supported by experienced promoters with industry expertise.

Understanding Grey Market Premium (GMP)

The Grey Market Premium (GMP) indicates the premium at which shares are trading in the unofficial market before they are listed on the stock exchange. A positive GMP suggests that the IPO may list at a higher price than the issue price, while a negative GMP indicates potential listing below the issue price.

Subscription Status

As of 25th Sep 2026, the IPO has received a total subscription of 5.35 times. The retail category saw a strong demand with a subscription of 9.6 times, while the non-institutional investors (NII) category was subscribed 4.64 times. The institutional category had a subscription of 2.57 times.

Peer Comparison

• Roopa Screen Ltd. has a RoNW of 39.60% and an EPS of ₹8.04.
• Stovec Industries Ltd. has a RoNW of 5.37% and a P/E of 50.54.

IPO Timeline

The IPO opens for subscription on 24th September 2026 and closes on 28th September 2026. Allotment of shares is expected on 29th September 2026, with the listing date set for 1st October 2026.

Should You Apply for Roopa Screen IPO?

Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their overall investment strategy and risk tolerance. It is essential to consider the company's fundamentals and market conditions before making a decision.

Investors who prefer stable, established companies with consistent earnings may want to avoid this IPO, as it operates in a niche segment and may experience fluctuations in demand.

This is general risk-profile education, not a personal recommendation to apply or avoid this specific IPO — TopFund is not a SEBI-registered investment adviser.

Listing Day Risks

Listing-day gains can be unpredictable. While a positive GMP may suggest potential gains, market conditions on the listing day can significantly affect the actual performance of the stock. Investors should be prepared for the possibility of volatility.

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Disclaimer: This is educational content, not investment advice. GMP is an unofficial grey-market indicator, unregulated and never guaranteed. TopFund is not a SEBI-registered investment adviser — please do your own research or consult a qualified adviser before applying to any IPO.