Riddhi Display Equipments IPO : Price, GMP, Analysis, And Details

Riddhi Display Equipments IPO- Company Analysis 

Riddhi Display Equipments IPO under the SME IPO category is a book build issue of Rs. 24.68 Cr by Riddhi Display Equipments Limited and manufactures and supplies cutting-edge display equipment solutions, including kitchen, refrigeration and display counters.

Offering premium goods and services that satisfy the various demands of sectors including retail, advertising, and exhibitions, is the company's main goal.

The company's Gondal, Gujarat, production facility is set up to create high-quality, reasonably priced goods. Skilled technical engineers manage operations, optimizing production processes to enhance yield and decrease costs.

Product Line:

Equipment for commercial kitchens, commercial refrigeration and display counters

Riddhi Display Equipment IPO Details

The Riddhi Display Equipments IPO date of opening is 08 December 2025, its initial public offering will end on 10 Dec, IPO allotment on Dec 11 and refund initiation on Dec 12, 2025.

The Rs. 24.68 crore new SME IPO comprises a wholly fresh issue of 0.25 crore shares.

The Riddhi Display Equipments IPO listing date (expected) might be on Monday, Dec 15, 2025, and listing at the BSE and SME. 

The Riddhi Display Equipments IPO price band is Rs. 95 to Rs. 100.

IPO Timetable (Tentative)

Events	Date
IPO Opening Date	Dec 08, 2025
IPO Closing Date	Dec 10, 2025
IPO Allotment Date	Dec 11, 2025
Refund Initiation	Dec 12, 2025
IPO Listing Date	Dec 15, 2025

 

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Company Financials (Restated Consolidated)

(Amount in Cr)

Particulars	31 Mar 2025	31 Mar 2024	31 Mar 2023
Assets	32.34	19.15	17.01
Total Income	25.09	18.90	17.54
PAT	4.14	2.02	0.21
EBITDA	6.93	3.77	1.08
Net Worth	10.36	3.21	1.17
Reserves & Surplus	4.19	2.93	0.91
Total Borrowing	10.79	8.10	6.65

 

Cash Flows

(Amount in lac)

Net Cash Flow	31 Mar 2025	31 Mar 2024	31 Mar 2023
Net Cash Flow Operating Activities	-104.45	-27.04	115.96
Net Cash Flow Investing Activities	-113.63	-11.02	-17.05
Net Cash Flow Financing Activities	198.12	74.84	-87.40

 

Revenue Bifurcation

(Rs. in Lac)

(Source: DRHP)

The Objective of the Issue

The company desires to use the Net Proceeds from the Issue to fulfill its following goals:

• Capital expenditure towards interior work and for the purchase of new equipment/machinery for the setting up of a Manufacturing cum assembly Unit at Lucknow, Uttar Pradesh. ~ Rs. 49.65 Cr.
• Capital expenditure towards the purchase of new equipment/machinery/software etc., for the upgradation of the existing Manufacturing Unit of the Company located at Gondal, Rajkot. ~ Rs. 37.91 Cr.
• Capital expenditure towards setting up of Showroom at Gondal, Rajkot. ~ Rs. 14.27 Cr.
• Funding working capital requirements. ~ Rs. 97.37 Cr.
• General corporate purposes. 

Listed Peers of Riddhi Display Equipments Ltd. 

Company Name	Face Value (₹)	EPS (₹)	P/E Ratio (x)
Ice Make Refrigeration Limited	10	14.72	48.14

 

Valuation

KPI	Value
ROE	62.87%
ROCE	58.40%
Debt/Equity	1.04
RoNW	39.94%
PAT Margin	16.53%
EBITDA Margin	27.68%
PB Value	6.08

 

Evaluation of P/E Ratio

Considering the period ended on FY 2025 with an EPS of Rs. 6.84 from the last year, the resulting P/E ratio is 14.62x.

Explore the Luxury Time IPO.

IPO's Strengths 

• Skilled technical staff and seasoned promoters.
• Regular delivery of high-quality goods.
• Offering tailored solutions with an emphasis on post-purchase support.
• Reputable manufacturing facilities.
• Strong marketing Team.

 

IPO’s Weaknesses 

• Volatility of raw material prices.
• A small number of clients account for a considerable part of the company's revenue. If even one large customer decreases orders, delays payments or switches to a competitor, company's revenue and profitability could suffer significantly.
• Numerous unorganized and low-cost players dominate the commercial kitchen and display equipment market.
• This creates challenges such as competition in prices, lower margins etc.

Riddhi Display Equipments IPO GMP (Grey Market Premium)

Riddhi Display Equipments IPO GMP today is Rs. 1 as of 04 Dec 2025 while writing this information. With a price band set at Rs. 100, suggests that the estimated listing price of the IPO could be around Rs. 101, indicating a gain/loss of 1%.

Riddhi Display Equipments IPO Summary

IPO Opening & Closing Date	08 Dec, 2025 to 10 Dec, 2025
Face Value	Rs. 10 per Share
Issue Price	95 to Rs. 100 per Share.
Lot Size	1200 Shares
Issue Size	24,68,400 Shares (Rs. 24.68 Cr)
Offer for Sale	-
Fresh Issue	24,68,400 Shares (Rs. 24.68 Cr)
Listing at	BSE, SME
Issue Type	Book build issue IPO
Registrar	Maashitla Securities Pvt. Ltd.

 

IPO Lot Details 

Retail investors can invest in a minimum of 2 Lots (2400 Shares) for Rs. 2,40,000, and in multiples thereof, while S-HNI investors can invest in a minimum of 3 Lots (3600 Shares) for Rs. 3,60,000.

Minimum Lot Investment (Retail)	2 Lots
Maximum Lot Investment (Retail)	2 Lots
S-HNI (Min)	3 Lots

 

Riddhi Display Equipments IPO Allotment Status

To check the Riddhi Display Equipments IPO Allotment Status, visit the official Registrar’s website or BSE website. Below are the website links for you.

Using BSE Website - ​BSE IPO allotment status

Promoters And Management of Riddhi Display Equipments Ltd.

• Mr. Shailehsbhai Ratibhai Pipaliya.
• Mrs. Hansaben Shailehsbhai Pipaliya.
• Mr. Jay Shailehskumar Pipaliya. 

Pre-Issue Promoter Shareholding	99.99%
Post-Issue Promoter Shareholding	71.43%

 

IPO Lead Managers

• Jawa Capital Services Pvt. Ltd. 

Dividend Policy

• The company has not declared a dividend since its incorporation.

Conclusion

Investors can gain exposure to a rapidly expanding IT services company with solid financial performance and a diverse industry presence through Riddhi Display Equipments IPO. While good margins and a scalable company strategy boost long-term prospects, investors should also examine concerns including client concentration and heavy dependency on continuous tech upgrades.  

 

Finowings IPO Analysis

Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO. 

You must consult your financial advisor before making any financial decisions. 

To Apply for the IPO, Click Here.

To Read the Prospectus of the Company Click Here to Download the DRHP.

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DISCLAIMER: This blog is NOT any buy or sell recommendation. No investment or trading advice is given. The content is purely for educational and information purposes only. Always consult your eligible financial advisor for investment-related decisions.