Riddhi Display Equipments Ltd IPO Details: Dates, GMP, Financials, Review & Allotment

Riddhi Display Equipments Ltd is set to launch its SME IPO with a price band of ₹95–₹100 per share and a total issue size of approximately ₹24.68 crore. The IPO opens on 8 December 2025 and closes on 10 December 2025, with the basis of allotment on 11 December 2025 and listing expected on 15 December 2025. The company is based in Gujarat and specializes in manufacturing display equipment for retail and commercial spaces.

Riddhi Display Equipments Ltd Company Overview

Riddhi Display Equipments Ltd is a top maker and seller of display equipment, commercial kitchen equipment, and refrigeration systems. The company is situated in Gondal, Rajkot, Gujarat. Mr. Shailesh Patel, a visionary entrepreneur, started the company in 1985. In 2006, it became a corporation, and since then it has earned a great reputation for offering specialized solutions for commercial kitchens and bakeries.

The company makes, designs, and sells display counters for sweets, bakery goods, namkeen, fast food, chat, dry fruits, snacks, panipuri (gol gappa), sweet corn, ice cream, and shrikhand. It also sells a lot of commercial kitchen and refrigeration equipment that is made for restaurants, cafes, hotels, hospitals, supermarkets, and food courts.

Riddhi Display Equipments is ISO 9001:2015 certified and has ETL certification for sending goods to the US and Canada. This shows that the company is dedicated to quality and meeting international standards. The company has one large manufacturing plant with cutting-edge tools and machinery. It serves customers in the US and around the world.

Riddhi Display Equipments is a top choice in the food service and retail industry since it has been in business for more than 40 years and has served more than 3,500 customers. Its products are known for being robust, inventive, and cost-effective.

IPO Dates and Issue Details

The Riddhi Display Equipments IPO is a book-built public issue, offering 2,468,400 equity shares of ₹10 each, with a face value of ₹10. The issue is listed on the BSE SME platform, and the net offer to the public is 1,164,000 shares.

Riddhi Display Equipments IPO Dates

Event	Date
IPO Open Date	8 December 2025
IPO Close Date	10 December 2025
Basis of Allotment	11 December 2025
Refunds Initiation	12 December 2025
Credit to Demat	12 December 2025
Listing Date	15 December 2025

Price Band, Issue Size, and Lot Size

The price band for the IPO is set at ₹95–₹100 per share, with a minimum order quantity of 1,200 shares (1 lot). The issue size is ₹24.68 crore, and the market lot is 1,200 shares. The minimum investment for retail investors is ₹120,000.

IPO Issue Structure

Particulars	Details
Exchange	BSE SME
Issue Type	Public Issue (Book Building)
Face Value	₹10 per share
Price Band	₹95 – ₹100 per share
Issue Size	₹24.68 crore
Total Shares Offered	2,468,400
Net Offered to Public	1,164,000

Category-wise Lot Size

Investor Category	Lots	Shares	Amount at ₹100
Retail (Min/Max)	1	1,200	₹120,000
S-HNI (Min)	2	2,400	₹240,000
S-HNI (Max)	2	2,400	₹240,000
B-HNI (Min)	3	3,600	₹360,000

Allocation Details

Category	Allocation
QIB	50% of net issue
NII	15% of net issue
Retail	35% of net issue

Grey Market Premium and Review

The current grey market premium for Riddhi Display Equipments IPO is ₹1, indicating a listing price around ₹101 per share, which translates to a listing gain of about 1%. The IPO is considered moderately attractive for investors seeking exposure to the SME display equipment sector, but caution is advised due to sector cyclicality and SME liquidity risks.

GMP Snapshot

Parameter	Value
IPO Price Band (Upper)	₹100
Reported GMP	₹1
Implied Listing Range	₹101
Implied Listing Gain	1%

Company Financials

Riddhi Display Equipments Ltd reported a revenue of approximately ₹34.48 crore for FY24, with a net profit of ₹3.23 crore. The company’s total assets stand at ₹20.37 crore, and the return on net worth is about 21.6%. The basic EPS is ₹7.45 per share.

Financial Statement Table

Period	Revenue (₹ crore)	Net Profit (₹ crore)	Total Assets (₹ crore)	EPS (₹)	RoNW (%)
FY24	34.48	3.23	20.37	7.45	21.6

Company Valuation

At the upper price band of ₹100, the IPO implies a P/E ratio of about 13.4x based on FY24 EPS. The company’s valuation is considered reasonable compared to peers in the display equipment and SME manufacturing sector.

Anchor Investors, Merchant Bankers, and Registrar

The lead manager for the IPO is Jawa Capital Services Pvt. Ltd., and the registrar is Maashitla Securities Pvt. Ltd. The market maker is Prabhat Financial Services Ltd. The anchor investor list is not yet disclosed and will be updated in the RHP.

Key Intermediaries

Role	Name
Lead Manager (Merchant Banker)	Jawa Capital Services Pvt. Ltd.
Registrar	Maashitla Securities Pvt. Ltd.
Market Maker	Prabhat Financial Services Ltd.

Riddhi Display Equipments Ltd Company Contact Details

Registered Address:
Plot No.1, Survey No.2/1 P4/P2, National Highway-27 Gondal Highway, Village Bhojpara, Gondal, Rajkot, Gujarat, India – 360311
Phone: +91 98250 72799
Email: info@riddhidisplay.com
Website: https://riddhidisplay.com/

Registrar to the IPO

Registrar Name: Maashitla Securities Pvt. Ltd.
Registrar Address:
451, Krishna Apra Business Square, Netaji Subhash Place, Pitampura, Delhi, India – 110034
Registrar Phone: +91-11-45121795-96
Registrar Email: investor.ipo@maashitla.com
Registrar Website: https://maashitla.com/

Nadim

Mr. Nadim Abbas M G is an Intermediate Chartered Accountant with a strong background in Information Technology. He combines his expertise in IT with a deep understanding of the stock market, making him a valuable resource for both financial and technical insights. With hands-on experience in accounting, IT systems, and stock market analysis, Nadim excels in bridging the gap between finance and technology, offering strategic advice and expert guidance in both domains.