Roopa Screen IPO
ListedSMECapital Goods-Non Electrical Equipment
387.50×
Subscribed
Price band
₹64 – ₹64
Lot size
2,000
1 lot = ₹1,28,000
Issue size
₹19.2 Cr
Open – close
24 Sept 2026
to 28 Sept 2026
Listing
01 Oct 2026
Listing gain
+90.00%
What the filing actually says
Our read of the offer document and the exchange data — not the issuer's summary of itself
We can't judge this issue yet. A verdict needs at least three independent dimensions — valuation, growth, profitability, balance sheet, issue structure, governance or demand — and this issue does not yet publish enough of them for a read that would mean anything. The offer document has been analysed but reports too few of these to conclude on. A confident score from two fields would be worse than this notice.
Dates
The issuer's tentative timetable — a date passing is not confirmation the step completed
- Opens24 Sept 2026
- Closes28 Sept 2026
- Allotment29 Sept 2026
- Listing01 Oct 2026
Demand and your odds
How the book filled, and what that means for an application
Subscription by category
Qualified institutionalQIB111.63x
Non-institutionalNII / HNI421.94x
Big NIIabove ₹10L429.12x
Small NII₹2L – ₹10L407.57x
Retail individualRII529.82x
1,46,988 applications received — how many people bid, as opposed to how much money did. Exchange figures as of 28 Sept 2026.
Chance of allotment
Retail529.82× subscribed
~1 in 529.8
Minimum 2 lots · 4,000 shares · ₹2,56,000 blocked
Retail is 529.82× subscribed. Allotment is a lottery on a single lot, so roughly 1 in 529.8 applications gets one lot. Bidding for extra lots does not improve these odds.
HNI / NII421.94× subscribed
~1 in 421.9
Minimum 1 lot · 2,000 shares · ₹1,28,000 blocked
HNI is 421.94× subscribed. This category is allotted proportionately, so a bid receives roughly 1/421.9 of the shares applied for, subject to the minimum-lot draw.
Derived from SEBI's allotment mechanics and the subscription figures beside it. Retail allotment is a lottery on a single lot, so applying for more lots does not improve your chance of getting something.
Grey market premium
Unofficial dealer quotes — not published by NSE, BSE, SEBI or the company
₹42+65.6%
over the upper band · last seen 19 Oct 2026 · rising since 26 Sept 2026
What this number is not. Grey-market premium is an unregulated, thinly-traded quote from private dealers. It is not a forecast of the listing price, it is not verifiable, and it can be moved by the same people who benefit from it looking high. We publish it because you will look it up anyway — and we deliberately do not convert it into an expected listing gain, because that arithmetic implies a reliability the number has never earned. For what actually happened to comparable issues, see recent outcomes below.
The offering
Terms, structure and who is selling
Terms
Price band₹64 – ₹64
Face value₹10
Lot size2,000shares
Minimum application₹1,28,000at cut-off
Total issue size₹19.2 Cr
Listing atSME platform
Anchor investorsAllotted
Company & valuation
Debt / equity0.45×
ROE49.37%
ROCE39.33%
RoNW39.60%
PAT Margin12.78%
EBITDA Margin19.72%
NAV20.30
P/B (x)0.75
ISININE2BTZ01011
RegistrarBigshare Services Pvt Ltd
Who gets what
How the issue is split between investor categories, and what each may bid.
| Category | Shares | % of issue |
|---|---|---|
| QIB | 13,90,000 | 46.33% |
| Anchor Investor | 8,32,000 | 27.73% |
| QIB (Ex. Anchor) | 5,58,000 | 18.60% |
| NII (HNI) | 4,20,000 | 14.00% |
| bNII > ₹10L | 2,80,000 | 9.33% |
| sNII < ₹10L | 1,40,000 | 4.67% |
| Retail | 9,80,000 | 32.67% |
| Market Maker | 2,10,000 | 7.00% |
Total issue 30,00,000 shares. Indented rows sit inside the category above them and are not added to it.
What each category may bid
Individual investors (IND) (Min)₹2,56,0002 lots · 4,000 sh
Individual investors (IND) (Max)₹2,56,0002 lots · 4,000 sh
S-HNI (Min)₹3,84,0003 lots · 6,000 sh
S-HNI (Max)₹8,96,0007 lots · 14,000 sh
B-HNI (Min)₹10,24,0008 lots · 16,000 sh
Lot size alone does not answer "how much do I need" — an S-HNI minimum is several lots, not one.
Anchor book
Shares allotted8,32,000
Anchor portion₹5.32 Cr
Bid date23 Sept 2026
Lock-in ends (50%)29 Oct 2026
Lock-in ends (rest)28 Dec 2026
Anchors are institutional money placed a day before bidding opens, against a lock-in. Those two dates are when that stock can first be sold — a supply event worth knowing if you still hold.
What the money is for
Stated use of the net proceeds
- 01Funding of capital expenditure towards setup of a new manufacturing facility₹9.9 Cr
- 02Funding of Working Capital Requirements₹6 Cr
- 03General Corporate Purposenot stated
Objects with no stated amount — typically general corporate purposes — are funded from whatever remains, so the quantified figures do not sum to the whole issue.
How the issuer compares
The listed companies the offer document itself names as comparable.
| Company | EPS | P/E | NAV | RoNW |
|---|---|---|---|---|
| Roopa Screen Limitedthis issue | 8.04 | — | — | 39.60% |
| Stovec Industries Limited | — | 50.54 | — | 5.37% |
Blank cells are figures the offer document does not publish. An unlisted issuer has no market price, so it has no price-based multiple until it lists — which is exactly why the comparison is against companies that already trade. The peer set is the issuer's own selection, so read it as the flattering-est comparison available rather than a neutral one.
Risks worth reading
Ranked by our severity assessment, not by the order the prospectus prints them
mediumDiscontinued manufacturing operations at the Narol unit due to non-availability of statutory approvals, including the factory licence and requisite consents from the Gujarat Pollution Control Board, with effect from December 15, 2025. The plant and machinery at the Narol premises are proposed to be
mediumThe Company's business is dependent on the performance of the textile industry, which constitutes the major end-use segment for its rotary nickel screens, with almost all revenues derived from customers engaged in the textile sector. Any slowdown or adverse developments in this sector, including vol
mediumA significant portion of revenue is derived from the sale of the key product variant, Penta Screen, which accounted for 38.54%, 39.28% and 42.24% of revenue from operations in Fiscal 2026, Fiscal 2025 and Fiscal 2024, respectively. Any decline in demand for this product due to changes in customer pr
Litigation
As on the date of this Red Herring Prospectus, there are no outstanding criminal proceedings initiated against the Company. There are no outstanding actions by statutory or regulatory authorities initiated against the Company. Direct Tax Proceedings: NIL.
Positives the filing discloses (1)
Low leverage
Debt-to-equity of 0.45x.
What happened to comparable issues
The last 8 issues to list with a recorded opening price, most comparable first
Median listing gain
+0.0%
Listed up
3 of 8
Best
+90.0%
Maxwell Engineering Solutions Limited
Worst
-5.9%
Eventions Limited
Vedant Poly Fabs Limitedsame segment
1.9× sub+0.0%
Maxwell Engineering Solutions Limitedsame segment
491.4× sub+90.0%
HGS (India) Limitedsame segment
231.2× sub+33.3%
Ravita Engineering Services Limitedsame segment
6.7× sub+0.0%
Vaibhav Vyapaar Limitedsame segment
3.1× sub-2.0%
R.K. Fashion Accessories Limitedsame segment
2.6× sub-2.4%
Eventions Limitedsame segment
2.3× sub-5.9%
Papadmalji Agro Foods Limitedsame segment
2.5× sub+0.4%
Past issues are context, not a forecast — this issue is a different company at a different price. We show it because "how have issues like this one actually opened" is a question with a real answer, and grey-market premium is not that answer.
About Roopa Screen
Roopa Screen Limited is a manufacturer of rotary nickel screens used in rotary screen-printing machines, primarily for continuous printing on fabrics by textile manufacturers. Its rotary nickel screens are cylindrical perforated metal screens available in different mesh counts, thicknesses, and repeat sizes. The company offers Standard, Delta, Penta, and Nova variants for applications ranging from general-purpose printing and fine detailing to heavy paste flow and high-usage printing. It also trades in nickel cathodes, which are used as a key raw material in the production of nickel screens. In financial year 2026, the company supplied rotary nickel screens to more than 200 customers across India, mainly to customers in the textile industry. Its manufacturing operations are carried out at a facility at Gallops Industrial Park-II, Sanand, Ahmedabad, Gujarat. The company also operates a godown in Surat, Gujarat, and a sales depot in Panipat, Haryana, which serve as stocking and distribution points.
Founded 2013MD Mr Ghanshyambhai ThakkarSector Capital Goods-Non Electrical Equipment
Offer documents
The primary sources everything above is drawn from
Common questions
What is the Roopa Screen IPO GMP today?
The most recent grey-market premium recorded for Roopa Screen is ₹42 per share — about 65.6% over the ₹64 upper band. Grey-market premium is an unofficial, unregulated quote from private dealers. It is not published by NSE, BSE, SEBI or the company, and it is not a forecast of the listing price.
How many times is the Roopa Screen IPO subscribed?
Roopa Screen is subscribed 387.50× overall (QIB 111.63×, NII 421.94×, retail 529.82×). Subscription keeps changing until the issue closes; the final basis of allotment is published by the registrar, Bigshare Services Pvt Ltd.
What is the minimum investment in the Roopa Screen IPO?
One lot is 2,000 shares, so a retail application at the ₹64 cut-off price blocks ₹1,28,000. Retail applications are capped at ₹2,00,000; above that you bid in the HNI category, where allotment is proportionate rather than by lottery.
What are the chances of allotment in the Roopa Screen IPO?
The retail portion is subscribed 529.82×, so allotment is by lottery and the odds of receiving at least one lot are roughly 1 in 530. Applying for more lots does not improve the chance of getting something — every retail applicant competes for the same single minimum lot.
When is the Roopa Screen IPO allotment date?
Allotment is scheduled for 2026-09-29, with listing on 2026-10-01. These dates are the issuer's tentative timetable — a date passing is not confirmation that the step completed. Allotment status is published by the registrar, Bigshare Services Pvt Ltd.
Disclaimer. Figures are compiled from the issuer's offer document and exchange-published bidding data. Subscription changes until the issue closes, and the final basis of allotment is published by the registrar. Grey-market premium is unofficial and is not a forecast. Nothing here is investment advice or a recommendation — read the offer document and consult a SEBI-registered adviser before applying.