Riddhi Display Equipments IPO
GMP, Subscription, Price, Dates & Financial Details
Trading
Riddhi Display Equipments LimitedIncorporated in 2006, Riddhi Display Equipments Limited is engaged in the manufacturing and supply of innovative display, kitchen, and refrigeration equipment. The company is committed to delivering high-quality, cost-effective solutions that cater to diverse…
Open Date
Mon, 08 Dec 2025
Close Date
Wed, 10 Dec 2025
Price Band
₹ 95 – 100
Lot Size
1200
Issue Size
₹ 24.68 Cr
Minimum Investment
₹ 240,000 (2400 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Riddhi Display Equipments IPO has successfully completed its IPO process and is now listed on BSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹24.68 Crore.
The Riddhi Display Equipments IPO remained open for subscription from December 08, 2025, to December 10, 2025. The basis of allotment was finalized on December 11, 2025, and the company's shares were listed on BSE SME Platform on December 15, 2025.
The company had fixed the price band at ₹95 to ₹100 per share, with a lot size of 1200 shares. Retail investors were required to make a minimum investment of ₹240,000 (based on the upper price band) to apply for one lot.
Maashitla Securities Pvt. Limited served as the registrar to the issue. Jawa Capital Services Private Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Riddhi Display Equipments Limited is now a publicly listed company on BSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Riddhi Display Equipments IPO Timeline (Tentative)
- IPO Open Date
- Mon, 08 Dec 25
- IPO Close Date
- Wed, 10 Dec 25
- Basis of Allotment
- Thu, 11 Dec 25
- Initiation of Refunds
- Fri, 12 Dec 25
- Credit of Shares to Demat
- Fri, 12 Dec 25
- Listing Date
- Mon, 15 Dec 25 — NSE & BSE
Open Date
08 December 2025
Close Date
10 December 2025
Basis Of Allotment
11 December 2025
Listing Date
15 December 2025
IPO Subscription
Check Live Subscription →The Riddhi Display Equipments IPO has received bids for 1,16,43,600 shares against 23,44,800 shares offered, resulting in an overall subscription of 4.97x. the NII category is subscribed 2.02x, Retail Investors 7.95x, and QIBs 2.19x.
QIB
2.19x
NII
2.02x
RII
7.95x
Total
4.97x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 11,64,000 shares, representing 49.64% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 25,200 shares (1.07%), while Non-Institutional Investors (NIIs) receive 11,55,600 shares (49.28%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Qualified Institutions | 25,200 | 1.07% |
| Non-Institutional | 1,155,600 | 49.28% |
| BNII | 770,400 | 32.86% |
| SNII | 385,200 | 16.43% |
| Retail Investors | 1,164,000 | 49.64% |
| Total | 2,344,800 | 100% |
Financials Details(₹ in Crores)
| Particular | 31 Jul 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 36.63 | 32.34 | 19.15 | 17.01 |
| Revenue | 11.23 | 25.09 | 18.9 | 17.54 |
| Profit After Tax | 2 | 4.14 | 2.02 | 0.21 |
| Net Worth | 12.36 | 10.36 | 3.21 | 1.17 |
| Reserve & Surplus | 6.19 | 4.19 | 2.93 | 0.91 |
| Total Borrowings | 8.63 | 10.79 | 8.1 | 6.65 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Riddhi Display Equipments Limited KPI Information
| Particular | KPI as of | Mar 2024 | Mar 2023 |
|---|---|---|---|
| ROE % | 62.87 | 92.03 | 17.79 |
| ROCE % | 58.4 | 56.15 | 11.26 |
| Debt / Equity | 1.04 | 2.4 | 4.89 |
| RoNW % | 39.94 | 59.73 | 15.19 |
| Pat Margin % | 16.53 | 10.69 | 1.18 |
Peers Comparison
| Company | Face Value | PE Ratio | EPS Basic | EPS Diluted | RoNW | Net Assets |
|---|---|---|---|---|---|---|
| Riddhi Display Equipments Ltd | 10 | 0.00 | 3.24 | 3.24 | 16.18 | 19.42 |
| Ice Make Refrigeration Ltd | 10 | 52.21 | 14.72 | 14.72 | 18.09 | 81.36 |
About Riddhi Display Equipments Limited
Riddhi Display Equipments Limited
Incorporated in 2006, Riddhi Display Equipments Limited is engaged in the manufacturing and supply of innovative display, kitchen, and refrigeration equipment. The company is committed to delivering high-quality, cost-effective solutions that cater to diverse industries, including retail, hospitality, advertising, and exhibitions.
The company operates a modern manufacturing facility in Gondal, Gujarat, equipped with advanced machinery and managed by skilled technical engineers. Its operations are designed to ensure optimized production processes, high yield, and cost efficiency.
Product Portfolio
- Display Counters:
Widely used in restaurants, cafés, retail shops, supermarkets, and similar establishments. This vertical forms a significant part of the company’s revenue. - Commercial Kitchen Equipment:
A core business segment catering to hotels, restaurants, hospitals, and other large institutions. - Commercial Refrigeration Equipment:
Designed for the hospitality and healthcare sectors, including hotels, restaurants, and hospitals.
As of August 31, 2025, the company employs 55 personnel across its operations.
Riddhi Display Equipments IPO Promoters
- Mr. Shailehsbhai Ratibhai Pipaliya
- Mrs. Hansaben Shailehsbhai Pipaliya
- Mr. Jay Shailehskumar Pipaliya
Promoters Holding
Holding Pre Issue
99.99%
Holding Post Issue
71.43%
Riddhi Display Equipments IPO Objective
The Company Riddhi Display IPO proposes to utilise the Net Proceeds from the Issue towards the following objects.
- Capital expenditure towards interior work and for purchase of new equipment/machineries for setting up of Manufacturing cum assembly Unit at Lucknow, Uttar Pradesh
- Capital expenditure towards purchase of new equipment/machineries/software etc. for upgradation of existing Manufacturing Unit of the Company located at Gondal, Rajkot
- Capital expenditure towards setting up of Showroom at Gondal, Rajkot
- Funding working capital requirements
- General Corporate Purpose
Riddhi Display Equipments Limited Address / Contact Details
Riddhi Display Equipments Ltd.
Plot No.1, Survey No.2/1 P4/P2,
National Highway-27 Gondal Highway,
Village Bhojpara, Rajkot, Gondal, 360311
Rajkot, Gujarat, 360311
Phone: +91 - 98250 727
Email: info@riddhidisplay.com
Website: https://riddhidisplay.com/
IPO Snapshot
Riddhi Display Equipments IPO Lot Size
The Riddhi Display Equipments IPO has a lot size of 1,200 shares. Retail investors require a minimum investment of ₹2,40,000 by applying for 2 lot (2,400 shares). The maximum application allowed for the retail category is 2 lots (2,400 shares), requiring an investment of ₹2,40,000.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 2,400 | 240,000.00 |
| Retail (Max) | 2 | 2,400 | 240,000.00 |
| S-HNI (Min) | 3 | 3,600 | 360,000.00 |
| S-HNI (Max) | 8 | 9,600 | 960,000.00 |
| B-HNI (Min) | 9 | 10,800 | 1,080,000.00 |
Issue Reservation
- QIB — 1.07%
- NII — 49.28%
- RII — 49.64%
Book Running Lead Managers
- Jawa Capital Services Private Limited
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Riddhi Display Equipments IPO?
Riddhi Display Equipments IPO is a Book-building IPO with a total issue size of ₹24.68 crore. The Riddhi Display Equipments IPO price band is ₹95 to 100 per share. The Riddhi Display Equipments IPO subscription opens on Mon, Dec 8, 2025, and closes on Wed, Dec 10, 2025. The Riddhi Display Equipments IPO will be listed on the BSE. Maashitla Securities Pvt. Limited is the registrar for the Riddhi Display Equipments IPO.
When will the Riddhi Display Equipments IPO open for subscription?
The Riddhi Display Equipments IPO opens on Mon, Dec 8, 2025 and closes on Wed, Dec 10, 2025
What is Riddhi Display Equipments IPO Price Band?
Riddhi Display Equipments IPO Price Band is ₹95 to 100 per share.
What is Riddhi Display Equipments IPO Lot Size?
Riddhi Display Equipments IPO lot size is 1200 shares, Retail investors need a minimum investment of ₹240000 based on the upper price band
What is the minimum investment for Riddhi Display Equipments IPO?
The minimum investment for Riddhi Display Equipments IPO is ₹240000, based on one lot of 1200 shares at the upper price band of ₹100 per share.
How to apply for Riddhi Display Equipments IPO?
Investors can apply for the Riddhi Display Equipments IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Wed, Dec 10, 2025. The application amount remains blocked until the Riddhi Display Equipments IPO allotment is finalized.
What is Riddhi Display Equipments IPO Issue Size?
Riddhi Display Equipments IPO issue size is ₹24.68 crores.
What is the Riddhi Display Equipments IPO Allotment Date?
Riddhi Display Equipments IPO allotment date is Thu, Dec 11, 2025.
Who is the Riddhi Display Equipments IPO Registrar?
The registrar for Riddhi Display Equipments IPO is Maashitla Securities Pvt. Limited. Investors can go to Maashitla Securities Pvt. Limited website to check Riddhi Display Equipments IPO allotment status, refund processing, and other IPO-related information.
Who is the Riddhi Display Equipments IPO Lead Manager?
The book-running lead managers (BRLMs) for the Riddhi Display Equipments IPO are Jawa Capital Services Private Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Riddhi Display Equipments IPO Red Herring Prospectus (RHP).