Bookbuilding IPO | ₹25 Cr | Listed at BSE SME | Mon, Dec 8, 2025 - Wed, Dec 10, 2025
Riddhi Display Equipments IPO is a book build issue of ₹24.68 crores. The issue is entirely a fresh issue of 0.25 crore shares of ₹24.68 crore.
Riddhi Display Equipments IPO bidding started from Dec 8, 2025 and ended on Dec 10, 2025. The allotment for Riddhi Display Equipments IPO was finalized on Dec 11, 2025. The shares got listed on BSE SME on Dec 15, 2025.
Riddhi Display Equipments IPO price band is set at ₹100 per share. The lot size for an application is 1,200. The minimum amount of investment required by an individual investor (retail) is ₹2,40,000 (2,400 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (3,600 shares), amounting to ₹3,60,000.
Jawa Capital Services Pvt.Ltd. is the book running lead manager and Maashitla Securities Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Prabhat Financial Services Ltd..
Refer to Riddhi Display Equipments IPO RHP for detailed Information.
IPO Open
Mon, Dec 8, 2025
IPO Close
Wed, Dec 10, 2025
Issue Price
₹100 per share
Market Cap (Pre-IPO)
₹86.40 Cr
| IPO Date | 8 to 10 Dec, 2025 |
| Listed on | Mon, Dec 15, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹95 to ₹100 |
| Issue Price | ₹100 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 24,68,400 shares (agg. up to ₹25 Cr) |
| Reserved for Market Maker | 1,23,600 shares Prabhat Financial Services Ltd. (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 23,44,800 shares (agg. up to ₹23 Cr) |
| Net Offered to Public | 23,44,800 shares (agg. up to ₹23 Cr) |
| Share Holding Pre Issue | 61,71,589 shares |
| Share Holding Post Issue | 86,39,989 shares |
| BSE Script Code | 544640 |
| ISIN | INE1DKT01011 |
Riddhi Display Equipments IPO comprises a total issue size of 24,68,400 shares. The net offer to the public is 23,44,800 shares, after excluding 1,23,600 shares allotted on a firm basis. Of the Net offer 25,200 (1.07%) are allocated to QIB, 11,55,600 (49.28%) allocated to NII 11,64,000 (49.64%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 25,200 | 1.07% | 1.02% |
| NII (HNI) Shares Offered | 11,55,600 | 49.28% | 46.82% |
| − bNII > ₹10L | 7,70,400 | 31.21% | |
| − sNII < ₹10L | 3,85,200 | 15.61% | |
| Retail Shares Offered | 11,64,000 | 49.64% | 47.16% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,23,600 | 5.01% | |
| Total Shares Offered | 24,68,400 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,400 shares and in multiples of 1,200 shares thereof.
| 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 |
Incorporated in 2006, Riddhi Display Equipments Limited is engaged in the business of manufacturing and supply of innovative solutions in the field of display equipment like Display Counter, Kitchen Equipments and Refrigeration Equipments.
The company focuses on offering high-quality products and services that meet the diverse needs of industries such as retail, advertising, and exhibitions.
The company’s manufacturing facility in Gondal, Gujarat, is equipped to produce high-quality, cost-efficient products. Skilled technical engineers manage operations, optimizing production processes to maximize yield and minimize costs.
Product Portfolio:
As on August 31, 2025, the company has 55 employees on its payroll.
Competitve Strengths:
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 Ended | 31 Jul 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 36.63 | 32.34 | 19.15 | 17.01 |
| Total Income | 11.23 | 25.09 | 18.90 | 17.54 |
| Profit After Tax | 2.00 | 4.14 | 2.02 | 0.21 |
| EBITDA | 3.19 | 6.93 | 3.77 | 1.08 |
| NET Worth | 12.36 | 10.36 | 3.21 | 1.17 |
| Reserves and Surplus | 6.19 | 4.19 | 2.93 | 0.91 |
| Total Borrowing | 8.63 | 10.79 | 8.10 | 6.65 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Capital expenditure towards interior work and for purchase of new equipment/machineries for setting up of Manufacturing cum assembly Unit at Lucknow, Uttar Pradesh | 4.97 |
| 2 | Capital expenditure towards purchase of new equipment/machineries/softw are etc. for upgradation of existing Manufacturing Unit of the Company located at Gondal, Rajkot | 3.79 |
| 3 | Capital expenditure towards setting up of Showroom at Gondal, Rajkot | 1.43 |
| 4 | Funding working capital requirements | 9.74 |
| 5 | General Corporate Purpose | 3.42 |
| KPI | Mar 31, 2025 |
|---|---|
| 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 | 6.08 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 6.71 | 6.95 |
| P/E (x) | 14.91 | 14.4 |
| Promoter Holding | 99.99% | 71.43% |
| Market Cap | ₹86.40 Cr. |
The Riddhi Display Equipments IPO is subscribed 4.91 times on December 10, 2025 6:19:40 PM (Day 3). The public issue subscribed 7.95 times in the individual investors category, 2.19 times in the QIB category, and 1.92 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for | Total Application |
|---|---|---|---|---|
| QIB (Ex Anchor) | 2.19 | 25,200 | 55,200 | 0 |
| NII* | 1.92 | 11,55,600 | 22,15,200 | 0 |
| bNII (bids above ₹10L) | 1.59 | 7,70,400 | 12,24,000 | |
| sNII (bids below ₹10L) | 2.57 | 3,85,200 | 9,91,200 | |
| Individual Investor | 7.95 | 11,64,000 | 92,49,600 | 0 |
| Total | 4.91 | 23,44,800 | 1,15,20,000 | 4,262 |
Total Application : 4,262
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead manager(s) fees including underwriting commission, Advisor to the issue consultancy fees | 1.43 |
| 2 | Brokerage, selling commission and upload fees including Market maker (Refer Notes 1 to 4) | 0.11 |
| 3 | Registrars to the issue | 0.03 |
| 4 | Legal Advisors | 0.02 |
| 5 | Advertising and marketing expenses | 0.32 |
| 6 | Regulators including stock exchanges | 0.18 |
| 7 | Printing and distribution of issue stationary | 0.05 |
| 8 | Restatement of Accounts and Peer Review Auditor | 0.04 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹100.00 |
| Open | ₹80.00 |
| Low | ₹76.00 |
| High | ₹80.00 |
| Last Trade | ₹76.00 |
Lead Manager Reports
Riddhi Display Equipments IPO is a SME IPO of 24,68,400 equity shares of the face value of ₹10 aggregating up to ₹25 Crores. The issue is priced at ₹100 per share. The minimum order quantity is 1200.
The IPO opens on Mon, Dec 8, 2025, and closes on Wed, Dec 10, 2025.
Maashitla Securities Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Riddhi Display Equipments IPO using UPI as a payment gateway. Zerodha customers can apply in Riddhi Display Equipments IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Riddhi Display Equipments IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Riddhi Display Equipments IPO opens on Mon, Dec 8, 2025 and closes on Wed, Dec 10, 2025.
Riddhi Display Equipments IPO lot size is 1200, and the minimum amount required for application is ₹2,40,000, with 2 lots being the minimum application size.
You can apply in Riddhi Display Equipments IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Riddhi Display Equipments IPO will be done on Thursday, December 11, 2025, and the allotted shares will be credited to your demat account by Fri, Dec 12, 2025. Check the Riddhi Display Equipments IPO allotment status.
The Riddhi Display Equipments IPO listing date is on Mon, Dec 15, 2025.
