Roopa Screen IPO
Roopa Screen LtdSME
This IPO closed on 28 Sep 2026.
- Open date
- 24 Sep 2026
- Close date
- 28 Sep 2026
- Min. Investment
- ₹2,56,000
- Lot Size
- -
- Fresh Issue
- ₹19.20 Cr
- Price Range
- -
- Face Value
- -
- IPO Document
- DRHP - PDF(opens in a new tab)
Subscription rate
- Qualified Institutional Buyers111.63x
- Non-Institutional Investors281.63x
- Retail-Individual Investors529.82x
- Total350.06x
Schedule
- Completed: IPO open date24 Sep 2026
- Completed: IPO close date28 Sep 2026
- Current step: Allotment date29 Sep 2026
- Upcoming: Funds unblock or debit30 Sep 2026
- Upcoming: Tentative listing date1 Oct 2026
About
Promoter shareholding in Roopa Screen Ltd, before and after the issue.
| Promoter | Pre-issue shares | Pre-issue % | Post-issue shares | Post-issue % |
|---|---|---|---|---|
| Ghanshyambhai Ranchhodbhai Tha | 28,17,500 | 34.92% | 28,17,500 | 25.46% |
| Kunal Ghanshyambhai Thakker | 30,87,000 | 38.26% | 30,87,000 | 27.89% |
| Bhartiben Ghanshyambhai Thakka | 4,37,937 | 5.43% | 4,37,937 | 3.96% |
| Preksha Kunal Thakkar | 5,33,313 | 6.61% | 5,33,313 | 4.82% |
| Deval Ghanshyambhai Thakkar | 1,75,000 | 2.17% | 1,75,000 | 1.58% |
Roopa Screen IPO Strengths & Risks
- In-house manufacturing facility with integrated testing capabilities.
- High-quality Nickel Rotary Screens that offer superior durability, precision.
- Well Diversified customer base spread across various industries & geography.
- Experienced Promoters and management team having domain knowledge.
- Risks Relating to the Business: The company has discontinued manufacturing operations at its Narol unit due to non-availability of certain statutory approvals. Any regulatory action in relation to past operations or operational constraints pending commencement of the company proposed manufacturing facility may adversely affect its business.
- Risks Relating to the Business: The company's business is dependent on the performance of the textile Industry, and any slowdown or adverse developments in this sector may adversely affect its business, financial condition, results of operations and cash flows.
- Risks Relating to the Business: The company derives a significant portion of its revenue from the sale of the company's key product variant, Penta Screen, and any decline in demand for this product could adversely affect its business, results of operations and financial condition.
- Risks Relating to the Business: The company requires certain approvals, licenses, registrations and permits to operates its business and failures to obtain or renew them in a timely manner or maintain the statutory and regulatory permits and approvals required to operates the company's business may adversely affect its operations and financial conditions.
- Risks Relating to the Business: Certain portion of the company's revenue has been dependent upon few customers, with which the company does not have firm commitments. The loss of any one or more of its major customers could have a material adverse effect on the company's business, cash flows, results of operations and financial condition.
- Risks Relating to the Business: The Company does not have long-term agreements with suppliers for its input materials and a significant increase in the cost of, or a shortfall in the availability, or deterioration in the quality, of such input materials could have an adverse effect on the company's business and results of operations.
- Risks Relating to the Business: The company does not own the existing manufacturing facility, godown, sales depot and registered office from where its carry out the company's business activities. In case of non-renewal of lease agreements or dispute in relation to uses of the said premise, the company's business and results of operations can be adversely affected.
- Risks Relating to the Business: Setting up of a new manufacturing facility requires substantial capital outlay before the company realize any benefits or returns on investments and is subject to the risk of unanticipated delays.
- Risks Relating to the Business: Any disruptions or shutdown of the company's manufacturing operations at its existing facilities could have an adverse effect on the company's business, financial condition and results of operations.
- Risks Relating to the Business: The company's business operations are majorly concentrated in certain geographical regions and any adverse developments affecting its operations in these regions could have a significant impact on the company's revenue and results of operations.
- Risks Relating to the Business: There have been instances of delays in payment of certain statutory dues, including ESIC, GST and professional tax. Any cognizance being taken by respective authorities or future delays or non-compliance in payment of statutory obligations may result in penalties, interest liabilities, or regulatory actions, which could adversely impact the company's business, financial condition, results of operations and cash flows.
- Risks Relating to the Business: The company is subject to strict quality requirements and any failures to comply with quality standards may lead to cancellation of existing and future orders, product recalls, product liability, warranty claims and other disputes and claims.
- Risks Relating to the Business: The company derives a certain portion of its revenue from trading of nickel cathodes, which is a low-margin and competitive business and may expose it to risks that could adversely affect the company's financial performance.
- Risks Relating to the Business: The company intends to utilize a significant portion of the Net Proceeds towards funding its capital expenditure requirements. While civil construction work at the company proposed manufacturing facility has commenced, the company is yet to place orders or enters into definitive agreements for the proposed plant and machinery and electrical works, which may result in cost or time overruns.
- Risks Relating to the Business: The Company uses a trademark, which is not registered under the Trademarks Act, 1999 as on date of Red Herring Prospectus. Thus, its may be subject to claims alleging breach of third party intellectual property rights.
- Risks Relating to the Business: There are certain discrepancies and inaccuracy in relation to regulatory filings made with Roc. Any penalty or action taken by any regulatory authorities in future, for non-compliance with provisions of corporate and other law could impact the reputation and financial position of the Company to that extent.
- Risks Relating to the Business: There are outstanding legal proceedings involving the Company, its Directors and the company's Promoters. Any adverse decisions could impact its cash flows and profit or loss to the extent of demand amount, interest and penalty, divert management time and attention and have an adverse effect on the company's business, prospects, results of operations and financial condition.
- Risks Relating to the Business: The company's Promoter group entity is engaged in the similar line of business activities as those undertaken by the Company, which may result in conflict of interest.
- Risks Relating to the Business: Inventories and trade receivables form a major part of the company's current assets, and ineffective management of the same could adversely affect its business, cash flows, profitability and liquidity.
- Risks Relating to the Business: The Company has unsecured loans which are repayable on demand.
- Risks Relating to the Business: The company operates in a competitive industry and increased competition may lead to a reduction in its revenues, reduced profit margins or a loss of market share.
- Risks Relating to the Business: The company is dependent upon the experience and skill of its Promoters, Key Managerial Personnel and Senior Management Personnel for conducting the company's business and undertaking its day to day operations. The loss of or the company's inability to retain, such persons could materially and adversely affect its business performance. In addition, excess rate of attrition amongst the personnel engaged by the Company may have an adverse impact on its business operations.
- Risks Relating to the Business: If the company is unable to manage its growth effectively and further expand into new markets the company's business, future financial performance and results of operations could be materially and adversely affected.
- Risks Relating to the Business: Changes in technology may render the company's current technologies obsolete or requires it to make substantial investments.
- Risks Relating to the Business: Any negative publicity regarding the Company, brand or products, whether substantiated or not, could adversely affect its reputation, consumer confidence and business prospects.
- Risks Relating to the Business: The company operations and workforce are exposed to a variety of occupational and operational hazards, including risks associated with the uses of boilers, which may adversely affect the company's business, financial condition and results of operations.
- Risks Relating to the Business: The company's insurance coverage may not be adequate to protect it against certain operating hazards and this may have a material adverse effect on the company's business.
- Risks Relating to the Business: The company is dependent on third party transportation providers for the delivery of its raw material and products. Accordingly, continuing increases in transportation costs or unavailability of transportation services may have an adverse effect on the company's business, financial condition, results of operations and prospects.
- Risks Relating to the Business: The company operations are subject to high working capital requirements. The company's inability to maintain an optimal level of working capital required for its business may impact the company operations adversely.
- Risks Relating to the Business: The company has in the past entered into related party transactions and may continue to do so in the future.
- Risks Relating to the Business: The company's Promoters or directors (except for an Independent Director) does not possess experience in managing publicly listed companies.
- Risks Relating to the Business: The Promoters (including Promoter Group) and Directors hold almost 87.40% of the Equity Shares of the Company and are therefore interested in its performance in addition to their remuneration and reimbursement of expenses.
- Risks Relating to the Business: Under-utilization of the company's manufacturing capacities may have an adverse effect on its business, future prospects and future financial performance. Moreover, information relating to capacity utilization of the company's production facility included in this Red Herring Prospectus is based on certain assumptions and has been subjected to rounding off and future production and capacity utilization may vary.
- Risks Relating to the Business: The company has not obtained no-objection certificates from certain secured and unsecured lenders in relation to the proposed Issue, as the relevant financing arrangements does not contain restrictive covenants requiring such consent. Any differing interpretation of such financing terms by the lenders may, however, result in disputes or additional compliance requirements.
- Risks Relating to the Business: Certain industry, market and statistical information included in this Red Herring Prospectus has not been independently verified and may be incomplete or unreliable.
- Risks Relating to the Business: Its industry is labour intensive, and the company's business operations may be adversely affected by shortage of labour, strikes, work stoppages or increased wage demands by its employees or those of the company's suppliers.
- Risks Relating to the Business: The Objects of the Issue for which funds are being raised, are based on the company's management estimates and have not been appraised by any bank or financial institution or any independent agency.
- Risks Relating to the Business: Any variation in the utilization of the Net Proceeds as disclosed in this Red Herring Prospectus shall be subject to certain compliance requirements, including prior approval of the shareholders of the Company.
- Risks Relating to the Business: The company cannot guarantee the accuracy or completeness of facts and other statistics with respect to India, the Indian economy and industry in which the company operates contained in the Red Herring Prospectus.
- Risks Relating to the Business: The company could be harmed by employee misconduct or errors that are difficult to detect and any such incidences could adversely affect its financial condition, results of operations and reputation.
- Risks Relating to the Business: The company has not identified any alternate source of funding and hence any failures or delay on its part to mobilize the required resources or any shortfall in the Issue proceeds may delay the implementation schedule.
- Risks Relating to the Business: The company's ability to pay any dividends will depends upon future earnings, financial condition, cash flows and working capital requirements.
- Risks Relating to the Business: Information relating to the company's production capacities and the historical capacity utilization of its production facilities included in this Red Herring Prospectus is based on certain assumptions and has been subjected to rounding off and future production and capacity utilization may vary.
- Risks Relating to the Business: The company has incurred significant indebtedness which exposes it to various risks which may have an adverse-effect on the company's business and results of operations.
- Risks Relating to the Business: Loans availed by the Company has been secured on personal guarantees of its Promoters. The company's business, financial condition, results of operations, cash flows and prospects may be adversely affected in case of invocation of any personal guarantees provided by its Promoters.
- Risks Relating to the Business: Fraud, theft, employee negligence or similar incidents may adversely affect the company's results of operations and financial condition.
- Risks Relating to the Business: There is no monitoring agency appointed by the Company to monitor the utilization of the Issue proceeds.
- Risks Relating to the Business: The average cost of acquisition of Equity Shares by the company's Promoters could be lower than the Issue Price.
- Risks Relating to the Business: The company's Promoters and the Promoter Group will jointly continue to retain majority shareholding in the Company after the issue, which will allow them to determine the outcome of the matters requiring the approval of shareholders.
- Risks Relating to the Business: Limited availability of comparable listed peer companies may affect the assessment of the company's business, financial performance and operating metrics.
- Risks Relating to the Business: Certain sections of this Red Herring Prospectus disclose information from industry report commissioned and paid for by the company and any reliance on such information for making an investment decision in the Issue is subject to inherent risks.
- Risks Relating to the Business: Certain key performance indicators for certain listed industry peers included in this Red Herring Prospectus have been sourced from public sources and there is no assurance that such financial and other industry information is complete.
- Risks Relating to the Business: The company is subject to the restrictive covenants of banks in respect of the Loans/ Credit Limits and other banking facilities availed from them.
- Risks Relating to the Business: The Issue price of the company's Equity Shares may not be indicative of the market price of its Equity Shares after the Issue and the market price of the company's Equity Shares may decline below the issue price and you may not be able to sell your Equity Shares at or above the Issue Price.
