Karbonsteel Engineering IPO vs Riddhi Display Equipments IPO

Comparison between Karbonsteel Engineering IPO and Riddhi Display Equipments IPO.

IPO Details

Karbonsteel Engineering IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Riddhi Display Equipments IPO is a SME Bookbuilding proposed to list at BSE SME.

Issue Size and Price

The total issue size of Karbonsteel Engineering IPO is up to ₹56.31 Cr whereas the issue size of the Riddhi Display Equipments IPO is up to ₹23.45 Cr. The final issue price of Karbonsteel Engineering IPO is ₹159.00 per share and of Riddhi Display Equipments IPO is ₹100.00 per share.

 Karbonsteel Engineering IPORiddhi Display Equipments IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹151.00 per share₹95.00 per share
Issue Price (Upper)₹159.00 per share₹100.00 per share
Issue Price (Final)₹159.00 per share₹100.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size800 shares1200 shares
Fresh Issue Size28,51,600 shares23,44,800 shares
Fresh Issue Size (Amount)up to ₹45.34 Crup to ₹23.45 Cr
OFS Issue Size6,90,000 shares0 shares
OFS Issue Size (Amount)up to ₹10.97 Crup to ₹0.00 Cr
Issue Size Total35,41,600 shares23,44,800 shares
Issue Size Total (Amount)up to ₹56.31 Crup to ₹23.45 Cr

IPO Timetable

Karbonsteel Engineering IPO opens on Sep 09, 2025, while Riddhi Display Equipments IPO opens on Dec 08, 2025. The closing date of Karbonsteel Engineering IPO and Riddhi Display Equipments IPO is Sep 11, 2025, and Dec 10, 2025, respectively.

 Karbonsteel Engineering IPORiddhi Display Equipments IPO
Anchor Bid DateSep 04, 2025
Issue OpenSep 09, 2025Dec 08, 2025
Issue CloseSep 11, 2025Dec 10, 2025
Basis Of Allotment (Tentative)Sep 12, 2025Dec 11, 2025
Initiation of Refunds (Tentative)Sep 15, 2025Dec 12, 2025
Credit of Share (Tentative)Sep 15, 2025Dec 12, 2025
Listing date (Tentative)Sep 16, 2025Dec 15, 2025
Anchor Lockin End date 1Oct 15, 2025
Anchor Lockin End date 2Dec 15, 2025

Financials & KPIs

Karbonsteel Engineering IPO P/E ratio is 12.47, as compared to Riddhi Display Equipments IPO P/E ratio of 14.91.

 Karbonsteel Engineering IPORiddhi Display Equipments IPO
Financials

Company Financials (Restated)

Karbonsteel Engineering Ltd.'s revenue increased by 25% and profit after tax (PAT) rose by 50% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended31 Mar 202531 Mar 202431 Mar 2023
Assets232.76176.14143.76
Total Income273.91218.77155.89
Profit After Tax14.169.425.11
EBITDA36.6125.7916.22
NET Worth60.3743.8028.74
Reserves and Surplus49.2738.4123.74
Total Borrowing78.5559.8348.52
Amount in ₹ Crore

Company Financials (Restated)

Riddhi Display Equipments Ltd.'s revenue increased by 33% and profit after tax (PAT) rose by 105% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended31 Jul 202531 Mar 202531 Mar 202431 Mar 2023
Assets36.6332.3419.1517.01
Total Income11.2325.0918.9017.54
Profit After Tax2.004.142.020.21
EBITDA3.196.933.771.08
NET Worth12.3610.363.211.17
Reserves and Surplus6.194.192.930.91
Total Borrowing8.6310.798.106.65
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)72.1799.99
Promoter Shareholding (Post-Issue)51.7871.43
P/E Ratio12.4714.91
Market Cap₹224.85 Cr.₹86.40 Cr.
ROE27.1962.87
ROCE24.6358.40
Debt/Equity1.301.04
EPS₹12.75₹6.71
RoNW23.4539.94

Shares Offered

In the Karbonsteel Engineering IPO Retail Individual Investors (RII) are offered 12,40,000 shares while in Riddhi Display Equipments IPO retail investors are offered 12,40,000 shares. Qualified Institutional Buyers (QIB) are offered 7,08,000 shares in Karbonsteel Engineering IPO and 25,200 shares in Riddhi Display Equipments IPO.

 Karbonsteel Engineering IPORiddhi Display Equipments IPO
Anchor Investor Reservation10,60,800 shares0 shares
Market Maker Reservation1,88,000 shares1,23,600 shares
QIB7,08,000 shares25,200 shares
NII5,32,800 shares11,55,600 shares
RII12,40,000 shares11,64,000 shares
Employee0 shares0 shares
Others
Total35,41,600 shares23,44,800 shares

Bids Received (Subscription)

Karbonsteel Engineering IPO subscribed 76.59x in total, whereas Riddhi Display Equipments IPO subscribed 4.91x.

 Karbonsteel Engineering IPORiddhi Display Equipments IPO
QIB (times)121.61x2.19x
NII (times)85.99x1.92x
Big NII (times)102.58x1.59x
Small NII (times)52.80x2.57x
RII (times)46.84x7.95x
Employee (times)
Other (times)
Total (times)76.59x4.91x

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