Roopa Screen Ltd. IPO

The Indian Rotary Nickel Screen industry market is projected to expand at a CAGR of 10.8% in terms of Volume and 12.6% in terms of Value, during the 2020-30 period. A number of important drivers behind this growth include rising demand from the textile printing industry, technology innovation in ... the making of screens, and rising demand for high-precision printing solutions. The sales volume of Rotary Nickel Screens has shown a steady upward trend in recent years. However, as a product with raw materials constituting a significant portion of its cost structure, its value is highly sensitive to fluctuations in raw material prices. The sharp 40% increase in nickel prices in 2022 drove a rapid surge in market value. Conversely, the subsequent decline in nickel prices in 2023 and 2024 led to a moderation in value. The Indian textile industry is one of the largest globally, contributing approximately 6% to the nation’s GDP and 15% to the Index of Industrial Production (IIP). According to WTO, India ranks as the third-largest textile manufacturer, accounting for over 6% of global textile production. The industry spans from traditional handlooms and handicrafts to modern textile manufacturing and technical textiles, offering extensive employment opportunities across rural, semi-urban, and urban areas. In India, cotton is metaphorically called as ‘White-Gold’ for its economic importance in the country. Cotton is one of the largest contributors to India’s net foreign exchange by way of exports. The exports made are in the form of raw cotton, intermediate products such as yarn and fabrics, and ultimately finished products in the form of garments. Read more