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Riddhi Display Equipments IPO
Riddhi Display Equipments Ltd. has made an SME platform public issue filing to raise ₹24.7 crore by issuing 2,468,400 face value equity shares of ₹10 each with a price band of ₹95–₹100 per equity share. The book-building issue of Riddhi Display Equipments IPO is opening for subscription on 24 September 2025 and will close on 26 September 2025 with a likely listing on the BSE SME segment on or about 1 October 2025. This issue is being launched by the company’s promoters and management so that they can raise capital mainly for working capital and capacity expansion.
Company Background
Riddhi Display Equipments IPO is a Gujarat company that manufactures display counters, refrigeration equipment, and commercial kitchen equipment. The firm has established itself in the hospitality and retail sectors with bakery solutions for hotels, restaurants, bakeries, and retail shops. Operating for over decades, Riddhi has established itself as a niche firm with an ISO 9001 and 2015 certification.
Operations And Product Range
The operations of the company’s business are to manufacture a specialized range of products, such as patisserie and bakery display cases, customized refrigeration units, and kitchen infrastructure equipment. The products target companies that require reliable, customized, and beautiful display and storage equipment.
Facility And Production
Riddhi Display Equipments IPO has its headquarters in Gujarat, where it performs design, fabrication, assembly, and testing of the quality of its machinery at its own manufacturing unit. The same is highlighted in the Riddhi Display Equipments IPO prospectus as having the potential to further expand by infusing IPO funds. Part of the funds is to be used to purchase plant and machinery, which will improve production efficiency and enable the company to have large orders.
Brands And Market Presence
Riddhi Display Equipments IPO sells its products under its own brand and has been building a presence in India and some foreign markets, including Dubai, Sri Lanka, Australia, and the UK. Global exposure, though limited in terms of revenue contribution, is highlighted at the time of IPO as evidence of its growth opportunities outside domestic. By selling to hotels, bakeries, and retailers, Riddhi has built relationships that enable repeat business opportunities.
Revenue Channels
Riddhi Display Equipments IPO derives its revenue mainly from the sale of its produced display counters and refrigeration equipment to hospitality and retail industry customers. Most of the sales are within India, though some also come from overseas markets. The company emphasizes in its prospectus that increased capacity and working capital raised through the IPO will enable it to support higher volumes and enhance order fulfillment, thus enhancing its revenue streams.
Management And Shareholding
Promoters and Shareholding
The promoters collectively held the maximum holding of the company’s shares before the IPO. As per SME IPO guidelines, they are required to contribute at least a percentage of shares that will be locked in post-issue. Some of the potential investors are Mr. Shaileshbhai Ratibhai Pipaliya, Mrs. Hansaben Shaileshbhai Pipaliya and Mr. Jay Shaileshkumar Pipaliya.
Board Members
The board of Riddhi Display Equipments IPO is made up of its promoters and independent directors as per SME listing rules. The chairman and managing director of the company is Mr. Shaileshbhai Ratibhai Pipaliya and executive directors are Mrs. Hansaben Shaileshbhai Pipaliya and Mr. Jay Shaileshkumar Pipaliya.
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 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 | [.] |
| 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 | - |
| IPO Close Date | - |
| Cut-off time for UPI mandate confirmation | 5 PM on |
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:
- ⦁ Riddhi possesses an operating history and proven track record of generating specialty display and refrigeration products.
- ⦁ It has developed a specialist product range, which allows it to serve the needs of a defined client base.
- ⦁ The business has specific export market access, which helps them compete in the market.
- ⦁ The IPO funds are towards expansion and working capital specifically, showing a growth focus on use of funds.
Riddhi Display Equipments IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Total Borrowing | |||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 31 Jul 2025 | 36.63 | 11.23 | 2 | 12.36 | - | |||||||||||||||||||||||||||||||||||
| 31 Mar 2025 | 32.34 | 25.09 | 4.14 | 10.36 | - | |||||||||||||||||||||||||||||||||||
| 31 Mar 2024 | 19.15 | 18.9 | 2.02 | 3.21 | - | |||||||||||||||||||||||||||||||||||
| 31 Mar 2023 | 17.01 | 17.54 | 0.21 | 1.17 | - | |||||||||||||||||||||||||||||||||||
| 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 | 17.42 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 6.71 | 6.95 |
| P/E (x) | 14.91 | 14.4 |
Objectives
These objectives are mentioned in the prospectus while aligning investor capital with clearly growth-oriented uses.
- ⦁ Funding working capital requirements to manage day to day operational needs.
- ⦁ Buying new machines or expand facilities so the company can produce more.
- ⦁ General corporate purposes to support business and projects over the country.
- ⦁ To pay for the costs of raising funds, like legal fees, advisors, and regulatory charges.
Conclusion
Riddhi Display Equipments Ltd. is engaged in the business of manufacturing and supplying display counters, kitchen equipment, and refrigeration equipment. It marked growth in both its top and bottom lines for the reported periods. Its bottom line from FY24 is inclined to cost management and value added as well as tailor-made products. According to its recent financial data, the issue appears fully priced. Overall, the IPO is positioned as a growth-oriented opportunity for investors willing to engage in the SME segment, with the potential upside linked to the company’s ability to scale operations and improve financial performance post listing.
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Frequently asked Questions (FAQs )
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Where is this company situated ?
Riddhi Display Equipments Ltd is located in Gujarat.
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How does Riddhi Display Equipments IPO enable repeat business opportunities?
By selling to hotels, bakeries, and retailers, Riddhi has built relationships that enable repeat business opportunities.
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What are the 2 objectives of IPO ?
They fund working capital requirements and purchasing of plant & machinery / capacity expansion
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