Riddhi Display Equipments IPO will open on December 8, 2025 and close on December 10, 2025. This SME IPO is a Book Built Issue, and the company aims to raise about ₹24.68 crores. The entire issue consists of a fresh issue worth ₹24.68 crores, along with an offer for sale of __ equity shares carrying a face value of ₹10 each.
The Riddhi Display Equipments IPO price band is fixed between ₹95 and ₹100 per share. The retail quota is 35%, QIB quota is 50%, and HNI quota is 15%. The IPO is proposed to list on the BSE SME platform on December 15, 2025 . The basis of allotment will be finalised on December 11, 2025.
The company recorded revenue of ₹18.9 crores in FY 2024, higher than ₹17.54 crores in FY 2023. Profit also saw a sharp jump from ₹0.21 crores in FY 2023 to ₹2.02 crores in FY 2024. Looking at the financial growth, long-term investors may find this IPO appealing.
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Riddhi Display Equipments IPO Details
| Particulars | Details |
|---|---|
| IPO Open Date | December 8, 2025 |
| IPO Close Date | December 10, 2025 |
| Face Value | ₹10 per share |
| IPO Price Band | ₹95 to ₹100 |
| Issue Size | Approx ₹24.68 crores |
| Fresh Issue | Approx ₹24.68 crores |
| Offer for Sale | __ equity shares |
| Issue Type | Book Built Issue |
| Listing | BSE SME |
| DRHP Prospectus | View PDF |
| RHP Prospectus | View PDF |
Riddhi Display IPO
Open: 8-10 Dec
Issue Size: ₹24.68
Objective: Use proceeds to build, up-grade plants, open showroom, support working-capital
Exchange: BSE SME
Riddhi Display IPO GMP Today
The latest grey market premium (GMP) for the Riddhi Display IPO is hovering around ₹1 per share, reflecting a very cautious sentiment among traders. With the IPO price band set at ₹95–₹100, this small premium indicates that the expected listing gain is minimal.
Such a muted GMP often suggests that investors are taking a wait-and-watch approach due to limited speculative demand. Despite the subdued premium, the company’s financial performance has shown improvement, with revenue and profit rising in recent years. This gives the IPO some fundamental strength, even though the market mood remains restrained.
Overall, the current GMP signals that Riddhi Display may not deliver major listing gains, making it more suitable for investors focusing on long-term business potential rather than quick short-term returns.
Riddhi Display Equipments IPO Review
Riddhi Display Equipments Limited has shown notable improvement in revenue and profitability over the last two years. A strong product portfolio, consistent demand in the commercial equipment sector, and a well-experienced promoter group add strength to the business.
The IPO valuation will depend on its final pricing, and long-term investors may track the company for growth potential.
Riddhi Display Equipments IPO Market Lot
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 | 2,400 | ₹2,40,000 |
| Retail Maximum | 2 | 2,400 | ₹2,40,000 |
| S-HNI Minimum | 3 | 3,600 | ₹3,60,000 |
| S-HNI Maximum | 8 | 9,600 | ₹9,60,000 |
| B-HNI Minimum | 9 | 10,800 | ₹10,80,000 |
Also Read: Shipwaves Online IPO
IPO Reservation
| Category | Shares Offered | % Shares |
|---|---|---|
| Anchor Investor | – Shares | -% |
| QIB | 25,200 Shares | 1.02% |
| NII | 11,55,600 Shares | 46.82% |
| Retail | 11,64,000 Shares | 47.16% |
Riddhi Display Equipments IPO Anchor Investors
| Particulars | Details |
|---|---|
| Anchor Bidding Date | ______ |
| Anchor Investors List | View PDF |
| Shares Offered | ______ |
| Anchor Size | ______ |
| Lock-in 50% (30 Days) | ______ |
| Lock-in 50% (90 Days) | ______ |
Riddhi Display Equipments IPO Dates
| Event | Date |
|---|---|
| IPO Open Date | December 8, 2025 |
| IPO Close Date | December 10, 2025 |
| Basis of Allotment | December 11, 2025 |
| Refunds | December 12, 2025 |
| Shares Credit to Demat | December 12, 2025 |
| IPO Listing Date | December 15, 2025 |
| Cut-off Time | December 10, 2025 – 5 PM |
Promoters and Shareholding Pattern
| Particular | Shares | % Share |
|---|---|---|
| Promoter Holding Pre-Issue | 61,71,589 | 99.99% |
| Promoter Holding Post-Issue | 86,39,989 | 71.42% |
Objects of the Issue
The funds raised from the IPO will be utilised for setting up a new manufacturing-cum-assembly unit in Lucknow, Uttar Pradesh, as well as upgrading the company’s existing facility at Gondal, Rajkot.
The company also plans to establish a new showroom in Gondal. A significant portion of the funds will go towards meeting working capital needs, while the remaining amount will be allocated for general corporate purposes.
About Riddhi Display Equipments Limited
Established in 2006, Riddhi Display Equipments Limited manufactures and supplies a wide range of display counters, commercial kitchen equipment, and refrigeration units.
The company specialises in custom-designed equipment tailored to clients’ space and operational needs. It has strong manufacturing capabilities, an experienced promoter group, and a skilled technical team.
Riddhi Display Equipments IPO Financials (₹ in crores)
| Period | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2022 | 15.37 | 15.43 | 0.14 | 15.15 |
| 2023 | 17.54 | 17.32 | 0.21 | 17.01 |
| 2024 | 18.9 | 16.18 | 2.02 | 19.15 |
| Oct 2024 | 15.64 | 12.15 | 2.61 | 25.51 |
Riddhi Display Equipments IPO Valuation – FY2025
| KPI | Value |
|---|---|
| ROE | 92.03% |
| ROCE | 57.15% |
| EBITDA Margin | 19.49% |
| PAT Margin | 10.69% |
| Debt-to-Equity | 0.01 |
| EPS (Basic) | ₹7.56 |
| P/E Ratio | N/A |
| RoNW | 29.82% |
| NAV | ₹14.78 |
Peer Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Ice Make Refrigeration Ltd | 16.87 | 42.74 | 24.54% | 68.72 | ______ |
IPO Lead Manager
Jawa Capital Services Pvt. Ltd.
Company Address
Riddhi Display Equipments Ltd.
Plot No.1, Survey No.2/1 P4/P2,
National Highway-27 Gondal Highway,
Village Bhojpara, Rajkot, Gondal – 360311, Gujarat
Phone: +91-98250 727
Email: info@riddhidisplay.com
Website: https://riddhidisplay.com/
IPO Registrar
Maashitla Securities Pvt. Ltd.
Phone: +91-11-45121795-96
Email: investor.ipo@maashitla.com
Website: https://maashitla.com/allotment-status/public-issues
Riddhi Display Equipments IPO FAQs
What is Riddhi Display Equipments IPO?
It is an SME IPO through which the company plans to raise ₹24.68 crores. The price band is ₹95 to ₹100 per share, and the listing will be on BSE SME.
When will the IPO open?
The IPO will open on December 8, 2025 and close on December 10, 2025.
What is the investor allocation?
QIB: 50%, NII: 15%, Retail: 35%.
How to apply for this IPO?
Investors can apply through ASBA via their bank, UPI-supported trading apps, or offline forms through brokers.
What is the IPO issue size?
₹24.68 crores.
What is the IPO lot size?
Minimum bid is 2,400 shares (₹2,40,000).
What is the allotment date?
The allotment date of IPO is December 11, 2025.
What is the listing date?
December 15, 2025 on BSE SME.
Expert Comment
Riddhi Display Equipments Ltd has shown strong financial improvement, especially in profitability, which enhances confidence among long-term investors. Its diversified product range and upgrade plans for manufacturing units reflect a focus on expansion and efficiency.
While the final valuation and market conditions will determine listing performance, the company’s fundamentals and sector demand make it a noteworthy SME IPO to track closely.
