Riddhi Display Equipments IPO vs Zelio E-Mobility IPO

Comparison between Riddhi Display Equipments IPO and Zelio E-Mobility IPO.

IPO Details

Riddhi Display Equipments IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Zelio E-Mobility IPO is a SME Bookbuilding proposed to list at BSE SME.

Issue Size and Price

The total issue size of Riddhi Display Equipments IPO is up to ₹23.45 Cr whereas the issue size of the Zelio E-Mobility IPO is up to ₹74.34 Cr. The final issue price of Riddhi Display Equipments IPO is ₹100.00 per share and of Zelio E-Mobility IPO is ₹136.00 per share.

 Riddhi Display Equipments IPOZelio E-Mobility IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹95.00 per share₹129.00 per share
Issue Price (Upper)₹100.00 per share₹136.00 per share
Issue Price (Final)₹100.00 per share₹136.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size1200 shares1000 shares
Fresh Issue Size23,44,800 shares43,26,000 shares
Fresh Issue Size (Amount)up to ₹23.45 Crup to ₹58.83 Cr
OFS Issue Size0 shares11,40,000 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹15.50 Cr
Issue Size Total23,44,800 shares54,66,000 shares
Issue Size Total (Amount)up to ₹23.45 Crup to ₹74.34 Cr

IPO Timetable

Riddhi Display Equipments IPO opens on Dec 08, 2025, while Zelio E-Mobility IPO opens on Sep 30, 2025. The closing date of Riddhi Display Equipments IPO and Zelio E-Mobility IPO is Dec 10, 2025, and Oct 03, 2025, respectively.

 Riddhi Display Equipments IPOZelio E-Mobility IPO
Anchor Bid DateSep 29, 2025
Issue OpenDec 08, 2025Sep 30, 2025
Issue CloseDec 10, 2025Oct 03, 2025
Basis Of Allotment (Tentative)Dec 11, 2025Oct 06, 2025
Initiation of Refunds (Tentative)Dec 12, 2025Oct 07, 2025
Credit of Share (Tentative)Dec 12, 2025Oct 07, 2025
Listing date (Tentative)Dec 15, 2025Oct 08, 2025
Anchor Lockin End date 1Nov 05, 2025
Anchor Lockin End date 2Jan 04, 2026

Financials & KPIs

Riddhi Display Equipments IPO P/E ratio is 14.91, as compared to Zelio E-Mobility IPO P/E ratio of 14.04.

 Riddhi Display Equipments IPOZelio E-Mobility IPO
Financials

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

Company Financials (Restated)

Zelio E-Mobility Ltd.'s revenue increased by 83% and profit after tax (PAT) rose by 154% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended31 Mar 202531 Mar 202431 Mar 2023
Assets65.7929.0815.47
Total Income173.8094.9051.62
Profit After Tax16.016.313.06
EBITDA21.028.764.02
NET Worth26.6710.674.36
Reserves and Surplus10.1410.644.33
Total Borrowing30.6814.119.59
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)99.99100
Promoter Shareholding (Post-Issue)71.4375.77
P/E Ratio14.9114.04
Market Cap₹86.40 Cr.₹287.64 Cr.
ROE62.8785.75
ROCE58.4036.86
Debt/Equity1.041.32
EPS₹6.71₹9.68
RoNW39.9460.02

Shares Offered

In the Riddhi Display Equipments IPO Retail Individual Investors (RII) are offered 11,64,000 shares while in Zelio E-Mobility IPO retail investors are offered 11,64,000 shares. Qualified Institutional Buyers (QIB) are offered 25,200 shares in Riddhi Display Equipments IPO and 10,93,000 shares in Zelio E-Mobility IPO.

 Riddhi Display Equipments IPOZelio E-Mobility IPO
Anchor Investor Reservation0 shares16,39,000 shares
Market Maker Reservation1,23,600 shares2,94,000 shares
QIB25,200 shares10,93,000 shares
NII11,55,600 shares8,20,000 shares
RII11,64,000 shares19,14,000 shares
Employee0 shares0 shares
Others
Total23,44,800 shares54,66,000 shares

Bids Received (Subscription)

Riddhi Display Equipments IPO subscribed 4.91x in total, whereas Zelio E-Mobility IPO subscribed 1.50x.

 Riddhi Display Equipments IPOZelio E-Mobility IPO
QIB (times)2.19x1.61x
NII (times)1.92x1.76x
Big NII (times)1.59x2.31x
Small NII (times)2.57x0.65x
RII (times)7.95x1.32x
Employee (times)
Other (times)
Total (times)4.91x1.50x

Compare with others

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Riddhi Display Equipments IPO Vs Zelio E-Mobility IPO