Riddhi Display Equipments IPO

₹1,14,000/1200 shares

Minimum Investment

IPO Details

Open Date

24 Sep 25

Close Date

26 Sep 25

Minimum Investment

₹1,14,000

Lot Size

1200

Price Range

₹95 to ₹100

Listing Exchange

BSE

Issue Size

₹24.68 Cr

Listing Date

01 Oct 25

Open Free Demat Account

Riddhi Display Equipments IPO Timeline

Bidding Start

24 Sep 25

Bidding Ends

26 Sep 25

Allotment Finalisation

29 Sep 25

Refund Initiation

30 Sep 25

Demat Transfer

30 Sep 25

Listing

01 Oct 25

Riddhi Display Equipments Limited

Riddhi Display Equipments Limited specialises in manufacturing and supplying innovative display solutions, including display counters, commercial kitchen equipment, and refrigeration systems. The company aims to deliver high-quality, reliable products and services catering to diverse sectors such as retail, advertising, and exhibitions. Its Gondal, Gujarat manufacturing facility is designed for cost-efficient production, managed by skilled engineers who optimise processes to maximise output and minimise costs. Key offerings include display counters for restaurants and shops, commercial kitchen equipment for hotels and hospitals, and refrigeration equipment serving multiple industries.

Riddhi Display Equipments Limited IPO Overview

Riddhi Display Equipments IPO is a book-built issue worth ₹24.68 crore, entirely a fresh issue of 25 lakh shares. The IPO opens on 24 September 2025 and closes on 26 September 2025, with allotment expected on 29 September 2025. It is scheduled to list on BSE SME on 1 October 2025. The price band is ₹95 to ₹100 per share, with a lot size of 1,200 shares. Retail investors must invest a minimum of ₹2,40,000, while HNIs require a minimum investment of ₹3,60,000 for three lots. Jawa Capital Services Pvt. Ltd. is the lead manager, Maashitla Securities Pvt. Ltd. is the registrar, and Aftertrade Broking Pvt. Ltd. is the market maker.

Riddhi Display Equipments Limited IPO Details

Particulars	Details
IPO Date	24 September 2025 to 26 September 2025
Listing Date	1 October 2025
Face Value	₹10 per share
Issue Price Band	₹95 to ₹100 per share
Lot Size	1,200 Shares
Total Issue Size	24,68,400 shares (aggregating up to ₹24.68 Cr)
Fresh Issue	24,68,400 shares (aggregating up to ₹24.68 Cr)
Offer for Sale	NA
Issue Type	Bookbuilding IPO
Listing At	BSE SME
Share Holding Pre Issue	61,71,589 shares
Share Holding Post Issue	86,39,989 shares
Market Maker Portion	1,23,600 shares (aggregating up to ₹1.24 Cr)

Riddhi Display Equipments IPO Reservation

Investor Category	Shares Offered
QIB	Not more than 50% of the Net Issue
Retail	Not less than 35% of the Net Issue
NII (HNI)	Not less than 15% of the Net Issue

Riddhi Display Equipments Limited IPO Lot Size

Application	Lots	Shares	Amount
Retail (Min)	2	2,400	₹2,40,000
Retail (Max)	2	2,400	₹2,40,000
HNI (Min)	3	3,600	₹3,60,000
HNI (Max)	8	9,600	₹9,60,000
B-HNI (Min)	9	10,800	₹10,80,000

Riddhi Display Equipments IPO Promoter Holding

Shareholding Status	Percentage
Pre-Issue	99.99%
Post-Issue	TBD

Riddhi Display Equipments IPO Valuation Overview

KPI	Value
Earnings Per Share (EPS)	5.18 (Post IPO)
Price/Earnings (P/E) Ratio	14.62
Return on Net Worth (RoNW)	59.73%
Net Asset Value (NAV)	14.78
Return on Equity (ROE)	92.03%
Return on Capital Employed (ROCE)	57.15%
EBITDA Margin	–
PAT Margin	10.69%
Debt to Equity Ratio	2.40

Objectives of the Proceeds

Capital expenditure for interior work, new equipment for Lucknow facility – ₹49.65 Mn

Purchase of new equipment/software for Gondal, Rajkot manufacturing unit – ₹37.91 Mn

Setting up a showroom at Gondal, Rajkot – ₹14.27 Mn

Funding working capital requirements – ₹97.37 Mn

General corporate purposes – amount not specified

Key Financials (in ₹ Crore)

Particulars	31 October 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	25.51	19.15	17.01	15.15
Revenue	15.64	18.9	17.54	15.37
Profit After Tax	2.61	2.02	0.21	-0.14
Reserves and Surplus	2.59	2.93	0.91	0.7
Total Borrowings	8.73	8.10	6.65	6.83

SWOT Analysis of Riddhi Display Equipments IPO

Strength and Opportunities

Experienced promoters with skilled technical team ensuring consistent quality delivery
Well-established manufacturing facilities enable cost-efficient production and higher output
Strong marketing presence catering to diverse sectors including retail and hospitality
Potential growth from increasing demand for commercial kitchen and refrigeration equipment

Risks and Threats

Dependence on niche industries may limit market diversification opportunities
High debt-to-equity ratio could affect financial flexibility and risk profile
Exposure to economic slowdown affecting client demand in retail and hospitality sectors
Competition from larger players with wider product portfolios could impact market share

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About Riddhi Display Equipments Limited

Riddhi Display Equipments IPO Strengths

Skilled promoters supported by a competent technical team

Reliable track record in delivering high-quality products

Tailored solutions with strong after-sales support

Established and efficient manufacturing facilities

Robust marketing capabilities

Serving clients across multiple industries and sectors

Peer Comparison

Company Name	EPS (Basic)	EPS (Diluted)	NAV (per share) (₹)	P/E (x)	RoNW (%)
Riddhi Display Equipments Limited	7.56	7.56	14.78	–	29.82
Peer Group
Ice Make Refrigeration Limited	16.87	16.87	68.72	42.74	24.54

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