RSL

Roopa Screen Ltd.

Listed SME BSE Fresh Issue
🔥🔥🔥🔥🔥

Roopa Screen Ltd manufactures rotary nickel screens used in textile printing machines and trades nickel cathodes. The company operates from Ahmedabad, Gujarat and serves over 200 customers primarily in textile printing units across India.

Price Band
₹60–₹64
Lot Size
2000 shares
Issue Size
₹19.20 Cr
GMP
+₹38
Est. Listing
+59.4%
Subscription
271.94×
Open Date
24 Sep
Close Date
28 Sep
Allotment
29 Sep
Listing Date
01 Oct
Min Investment
₹1,28,000

Overview

About the Company

Roopa Screen Ltd is an SME company incorporated in 2013 that manufactures rotary nickel screens used in rotary screen-printing machines. These cylindrical perforated metal screens function as stencils allowing printing paste to pass through to create patterns on fabric. The company's product portfolio includes Delta Screens, Penta Screens, Standard Screens and Nova Screens. Its manufacturing facility is located at Plot Nos. 189-190, Gallops Industrial Park-II, Mouje Vasna Chacharwadi, Taluka Sanand, Ahmedabad, Gujarat with an installed capacity of 74,400 screens per annum. The company also trades nickel cathodes as a key raw material for its manufacturing process. Revenue is primarily generated from domestic markets including Gujarat, Maharashtra, Haryana, Punjab and Tamil Nadu. The business operates exclusively in the B2B segment serving textile printing units, chemicals, dyes and engineering industries through direct engagement with customers via an in-house sales team.

Company Details

Founded
2013
Headquarters
Ahmedabad, Gujarat
Industry
Textile Products
Employees
128
Promoter
Ghanshyambhai Ranchhodbhai Thakkar, Kunal Ghanshyambhai Thakker, Bhartiben Ghanshyambhai Thakkar and Preksha Kunal Thakkar
Issue Type
Fresh Issue

📋 Objects of Issue (Use of Proceeds)

  • › Funding of capital expenditure towards setup of a new manufacturing facility - ₹9.90 crores
  • › Funding of working capital requirements - ₹6.00 crores
  • › General corporate purposes - ₹3.30 crores

✅ Strengths

  • ✓ In-house manufacturing facility with integrated quality control and testing capabilities
  • ✓ Geographically dispersed customer base across multiple states
  • ✓ Long-term relationships with customers
  • ✓ Experienced promoters with industry expertise
  • ✓ High-quality rotary nickel screens offering superior durability and precise printing
  • ✓ Well-diversified customer base spanning multiple industries and geographic regions
  • ✓ Strategic capacity expansion to introduce larger screens for high-end applications

⚠️ Risks

  • ! Missing statutory approvals at the closed Narol unit may attract regulatory penalties
  • ! Heavy dependence on the textile industry exposes the business to sector slowdowns
  • ! Significant revenue reliance on the Penta Screen variant creates demand vulnerability
  • ! Lack of long-term supplier contracts exposes the company to raw material price volatility
  • ! Setting up the new manufacturing facility carries risks of cost overruns and delays