Citius TransNet Investment Trust IPO...
10 Apr, 2026
Riddhi Display Equipments IPO
Riddhi Display Equipments will launch its book build issue of ₹24.68 crores on December 8, 2025. It will be listed on the BSE SME and will close on December 10, 2025. Allotment for the Riddhi Display Equipments IPO is likely to be finalized on December 11, 2025; the tentative listing date for the Riddhi Display Equipments IPO is fixed as December 15, 2025. The IPO issue includes entirely a fresh issue of 0.25 crore shares of ₹24.68 crores.
The Market Maker of the company is Aftertrade Broking Pvt. Ltd. Jawa Capital Services Pvt. Ltd. is the book running lead manager and Maashitla Securities Pvt. Ltd. is the registrar of the issue.
Company Background
Established in 1985, Riddhi Display Equipments Ltd. was formally incorporated as a private limited company in 2006. The company is one of the most trusted manufacturers of display equipment in India. Headquartered in Gujarat, the company specializes in offering innovative display solutions for the bakery, retail and hospitality sectors. In 2024, the company transitioned to a public limited company, further strengthening its market presence and scalability.
Operations And Product Range
The ISO 9001:2015 certified company designs, manufactures and supplies a comprehensive range of display counters, commercial kitchen equipment and refrigeration equipment. The product portfolio of Riddhi Display Equipments Ltd. includes sweet display counters, bakery counters, cake display counters, restaurant kitchen equipment, commercial refrigerators and display cabinets.
The company also provides customized solutions tailored to client needs, focusing on space optimization, temperature control and durability. Products cater to diverse segments such as bakeries, restaurants, food courts, supermarkets and hotels.
Revenue Channels
Riddhi Display Equipments Ltd. generates revenue primarily through both domestic and export sales, with a powerful presence in Gujarat. The company is expanding its reach in international markets, including Australia, Dubai, Sri Lanka and the United Kingdom.
Domestic sales form the majority of its revenue, while exports have shown significant growth due to participation in international exhibitions and certifications. Riddhi Display Equipments also undertakes sales through merchant exporters, diversifying its revenue streams.
Management And Shareholding
Riddhi Display Equipments Ltd. is led by Shaileshbhai Ratibhai Pipaliya as Managing Director, with Hansaben Shaileshbhai Pipaliya and Jay Shaileshkumar Pipaliya as key promoters.
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Riddhi Display Equipments IPO GMP
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Riddhi Display Equipments IPO Details
| Detail | Description |
|---|---|
| IPO Date | December 8, 2025 to December 10, 2025 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Issue Price Band | ₹95 to ₹100 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 24,68,400 shares (aggregating up to ₹24.68 Cr) |
| Reserved for Market Maker | 1,23,600 shares (aggregating up to ₹1.24 Cr) Aftertrade Broking Pvt.Ltd. |
| Net Offered to Public | 23,44,800 shares (aggregating up to ₹23.45 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 61,71,589 shares |
| Share Holding Post Issue | 86,39,989 shares |
Riddhi Display Equipments IPO Timeline
| Detail | Description |
|---|---|
| IPO Open Date | December 8, 2025 |
| IPO Close Date | December 10, 2025 |
| Tentative Allotment | December 11, 2025 |
| Initiation of Refunds | December 12, 2025 |
| Credit of Shares to Demat | December 12, 2025 |
| Tentative Listing Date | December 15, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wednesday, December 10, 2025 |
Riddhi Display Equipments IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 2,400 | ₹2,40,000 |
| Individual investors (Retail) (Max) | 2 | 2,400 | ₹2,40,000 |
| S-HNI (Min) | 3 | 3,600 | ₹3,60,000 |
| S-HNI (Max) | 8 | 9,600 | ₹9,60,000 |
| B-HNI (Min) | 9 | 10,800 | ₹10,80,000 |
Riddhi Display Equipments IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| Promoter Holding Pre Issue | 99.99% |
| Promoter Holding Post Issue | 71.43% |
Competitive Strength:
- ⦁ Strong brand portfolio with multiple proprietary toy brands
- ⦁ Asset-light, contract manufacturing model for efficient operations
- ⦁ Extensive distribution network across India
- ⦁ Focus on quality and safety in product design
- ⦁ Wide product range catering to varied age groups and interests
- ⦁ Timely delivery and customer satisfaction
- • Experienced management and promoter-led shareholding
Riddhi Display Equipments IPO Financial Information
| Period Ended | Assets | Total Income | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing | ||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 31 Jul 2025 | 36.63 | 11.23 | 2.00 | 12.36 | - | 8.63 | ||||||||||||||||||||||||||||||||||
| 31 Mar 2025 | 32.34 | 25.09 | 4.14 | 10.36 | - | 10.79 | ||||||||||||||||||||||||||||||||||
| 31 Mar 2024 | 19.15 | 18.90 | 2.02 | 3.21 | - | 8.10 | ||||||||||||||||||||||||||||||||||
| 31 Mar 2023 | 17.01 | 17.54 | 0.21 | 1.17 | - | 6.65 | ||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 62.87% |
| ROCE | 58.40% |
| Debt/Equity | 1.04 |
| RoNW | 39.94% |
| PAT Margin | 16.53% |
| EBITDA Margin | 27.68% |
| Price to Book Value | 6.08 |
| Market Capitalization | ₹86.40 Cr. |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 6.71 | 6.95 |
| P/E (x) | 14.91 | 14.4 |
Riddhi Display Equipments IPO Objectives
The company proposes to utilize ₹49.65 millions on capital expenditure towards interior work and for purchase of new equipment/machineries for setting up of Manufacturing cum assembly Unit at Lucknow, ₹37.91 millions for capital expenditure towards purchase of new equipment/machineries/software etc. for upgradation of existing Manufacturing Unit of the Company located at Gondal, ₹14.27 millions on capital expenditure towards setting up of Showroom at Gondal, ₹97.37 millions on funding working capital requirements and general corporate purposes.
Conclusion
Riddhi Display Equipments IPO will launch its book build issue of ₹24.68 crores on December 8, 2025. It will be listed on the BSE SME and will close on December 10, 2025. Allotment for the Riddhi Display Equipments IPO is likely to be finalized on December 11, 2025; the tentative listing date for the Riddhi Display Equipments IPO is fixed as December 15, 2025.
Established in 1985, Riddhi Display Equipments Ltd. was formally incorporated as a private limited company in 2006. The ISO 9001:2015 certified company designs, manufactures and supplies a comprehensive range of display counters, commercial kitchen equipment and refrigeration equipment. The product portfolio of Riddhi Display Equipments Ltd. includes sweet display counters, bakery counters, cake display counters, restaurant kitchen equipment, commercial refrigerators and display cabinets.
The company also provides customized solutions tailored to client needs, focusing on space optimization, temperature control and durability. Products cater to diverse segments such as bakeries, restaurants, food courts, supermarkets and hotels.
RHP:
View RHPDRHP:
View DRHPLearn about IPO fundamentals in our IPO Process guide. Check upcoming IPOs in the IPO Calendar Explore our Corporate Finance Services, SME IPO Consultant, FPO Advisory Services for IPO guidance.
Read More IPO ReviewsFrequently Asked Questions (FAQs)
-
Q1: When does the Riddhi Display Equipments IPO open and close?
Riddhi Display Equipments IPO will launch its book build issue of ₹24.68 crores on December 8, 2025. It will be listed on the BSE SME and will close on December 10, 2025.
-
Q2: What is the total size of the Riddhi Display Equipments IPO?
The Riddhi Display Equipments IPO issue is a book-build issue of ₹24.68 crores, which is entirely a fresh issue of 0.25 crore shares of ₹24.68 crores.
-
Q3: What are the primary objectives for Riddhi Display Equipments IPO proceeds?
The company proposes to utilize ₹49.65 millions on capital expenditure towards interior work and for purchase of new equipment/machineries for setting up of Manufacturing cum assembly Unit at Lucknow, ₹37.91 millions for capital expenditure towards purchase of new equipment/machineries/software etc. for upgradation of existing Manufacturing Unit of the Company located at Gondal, ₹14.27 millions on capital expenditure towards setting up of Showroom at Gondal, ₹97.37 millions on funding working capital requirements and general corporate purposes.
