Riddhi Display Equipments IPO Subscription Status: IPO Subscribed 0.55x on Day 2 So Far

Tuesday, December 09 2025: Riddhi Display Equipments’ Initial Public Offering (IPO) recorded 0.55 times subscription status as of December 09, 2025. The issue saw participation from all categories on Day 2, with individual investors subscribing 0.80 times, QIB (Ex Anchor) subscribing 1.00 time, and the NII category subscribing 0.29 times by 5:39:45 PM.

Riddhi Display Equipments Limited is engaged in the business of manufacturing and supplying innovative display equipment solutions like display counters, kitchen equipment and refrigeration equipment. The company was incorporated in 2006, with its manufacturing facility set in Gondal, Gujarat. The facility is equipped to produce high-quality, cost-efficient products.

Riddhi Display Equipments IPO Subscription Status Details

Riddhi Display Equipments IPO Subscription Status Day 2 So Far

Riddhi Display Equipments IPO reached 0.55 times subscription by Day 2 on December 9, 2025, with mixed participation across categories. Individual investors subscribed 0.80 times, while QIB (Ex Anchor) subscribed 1.00 time. The NII segment stood at 0.29 times. 

The market maker portion saw full subscription with 1,23,600 shares bid against the same number offered. QIB (Ex Anchor) investors bid for 25,200 shares, matching the shares offered. The NII category received bids for 3,37,200 shares against 11,55,600 shares on offer, with bNII bidding for 1,98,000 shares and sNII bidding for 1,39,200 shares. 

Individual investors bid for 9,28,800 shares against the 11,64,000 offered. Overall, the IPO registered bids for 12,91,200 shares against the total offer of 23,44,800 shares, amounting to ₹12.912 crore from 535 applications.

Riddhi Display Equipments IPO Subscription Status Day 1

On Day 1 of the Riddhi Display Equipments IPO, dated December 8, 2025, the QIB (Ex Anchor) category recorded a subscription status of 1.00 time, while the NII segment showed no bids in either the bNII or sNII categories. Individual investors subscribed 0.04 times, taking the overall subscription to 0.03 times for the day.

Riddhi Display Equipments’ IPO Key Details

Riddhi Display Equipments ₹24.68 crores IPO is a book build issue. The issue is entirely fresh, comprising 0.25 crore shares aggregating to ₹24.68 crore. The price band of the IPO is set at ₹95 to ₹100 per share, with a lot size of 1,200. Investors can bid for a minimum of 2,400 shares and in multiples of 1,200 shares thereof.

The minimum amount of investment required by an individual investor (retail) is ₹2,40,000.00 (2,400 shares) (based on upper price). The minimum lot size investment for HNI is 3 lots (3,600 shares), amounting to ₹3,60,000.

The IPO opened for subscription status on Monday, December 8, 2025, and will remain open till today December 10, 2025. The cut-off time for UPI mandate confirmation is set at 5 pm today, December 10, 2025. The allotment for the IPO is expected to be finalised on December 11, 2025, while the tentative listing date of the same is set on Monday, December 15, 2025. The IPO will list on the BSE SME platform.

The book running lead manager of the issue is Jawa Capital Services Pvt. Ltd., whereas Maashitla Securities Pvt. Ltd. is acting as the registrar of the issue and Prabhat Financial Services Ltd. as the market maker.

How Will Riddhi Display Equipments’ Utilise the IPO Proceeds

The proceeds from the IPO will be utilised for working capital requirements, capital expenditure, and general corporate purposes. The company will utilise ₹97.37 crores for funding its working capital requirements. It will also invest about ₹14.27 crores for setting up a Showroom at Gondal, Rajkot.

Two other major expenditures will include ₹37.91 crores for purchasing new equipment/machinery/software, etc., for its existing manufacturing unit at Gondal, Rajkot, and ₹49.65 crores for the interior work and purchases of new equipment/machinery for setting up of manufacturing cum assembly unit at Lucknow, Uttar Pradesh.

Source: https://www.bseindia.com/markets/publicIssues/DisplayIPO.aspx?id=4345&type=IPO&idtype=1&status=L&IPONo=7487&startdt=08/Dec/2025

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