Riddhi Display Equipments
December 8, 2025 – December 10, 2025
| Price | ₹95 - ₹100 |
| GMP Rumors * | ₹0 |
|---|---|
| Lot size | 1200 |
| Issue size | ₹24.68 cr |
| Allotment | Dec 11, 2025 |
| Listing | Dec 15, 2025 |
Riddhi Display Equipments Lot(s) Distribution
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| INDIVIDUAL | 2 | 2400 | 240000 | 485 |
| sHNI | 3 | 3600 | 360000 | 107 |
| bHNI | 9 | 10800 | 1080000 | 214 |
Riddhi Display Equipments Reservation
| Category | Shares Offered | % |
|---|---|---|
| QIB | 25200 | 1.02% |
| HNI | 1155600 | 46.82% |
| INDIVIDUAL | 1164000 | 47.16% |
| Market Maker | 123600 | 5.01% |
| Total | 2468400 | 100% |
Riddhi Display Equipments About
IPO Details
| Total Issue Size | 24,68,400 shares (aggregating up to 24.68 Cr) |
| Fresh Issue | 24,68,400 shares (aggregating up to 24.68 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 61,71,589 shares |
| Share Holding Post Issue | 86,39,989 shares |
| Reserved for Market Maker | 1,23,600 shares (aggregating up to 1.24 Cr) |
| Market Maker | Prabhat Financial Services Limited. |
Key Performance Indicator (KPI)
| KPI | Jul-25 | Mar-25 | Mar-24 |
|---|---|---|---|
| ROE | 18.03% | 62.87% | 92.03% |
| ROCE | 17.50% | 58.40% | 56.15% |
| EPS (basic) | 9.72 | 6.84 | 3.43 |
| P/E Pre IPO | 14.91 | ||
| P/E Post IPO | 14.4 |
Financial Details In Crores
| Period Ended | Jul-25 | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|---|
| Assets | 36.63 | 32.34 | 19.15 | 17.01 |
| Total Income | 11.23 | 25.09 | 18.9 | 17.54 |
| Profit After Tax | 2 | 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 | 8.1 | 6.65 |
Peer Comparision (Valuation)
| Company | P/E (x) | Face value (₹) |
|---|---|---|
| Riddhi Display Equipments Limited | 10.00 | |
| Ice Make Refrigeration Limited | 52.21 | 10.00 |
Peer Comparision (Financial Performance)
| Company | NAV/Share (₹) | RoNW (%) | EPS (Basic) (₹) |
|---|---|---|---|
| Riddhi Display Equipments Limited | 19.42 | 16.18 | 3.24 |
| Ice Make Refrigeration Limited | 81.36 | 18.09 | 14.72 |
Company Overview
Incorporated in 2006, Riddhi Display Equipments Limited is engaged in the manufacturing and supply of innovative display, kitchen, and refrigeration equipment. The company delivers high-quality, reliable solutions designed to meet the varied requirements of industries such as retail, hospitality, food service, advertising, and exhibitions.
The company operates a well-equipped manufacturing facility in Gondal, Gujarat, where skilled technical engineers oversee production. The facility is designed to ensure cost-efficient manufacturing, optimized processes, and consistent product quality.
Product Portfolio
- Display Counters:
A core revenue-generating segment, offering a wide range of counters used in restaurants, cafés, retail stores, supermarkets, and similar establishments. - Commercial Kitchen Equipment:
A significant product vertical serving hotels, restaurants, hospitals, and large-scale food service operations. - Commercial Refrigeration Equipment:
Products used extensively in hotels, restaurants, hospitals, and institutional kitchens, contributing to the company’s overall income.
Capital Expenditure for New Manufacturing Unit in Lucknow, Uttar Pradesh: For interior work and purchase of new machinery to set up a manufacturing cum assembly unit. The expected amount is Rs. 4.36 Crores.
Capital Expenditure for Upgradation of Existing Unit in Gondal, Rajkot: For purchasing new equipment, machinery, and software. The expected amount is Rs. 3.56 Crores.
Capital Expenditure for Setting up a New Showroom in Gondal, Rajkot: The expected amount is Rs. 1.43 Crores.
Funding for Working Capital Requirements: To meet day-to-day operational needs. This is the largest allocation at Rs. 9.74 Crores.
General Corporate Purpose: A flexible category for other business needs. The amount for this specific point is not listed in the provided data but forms part of the total fundraising goal.
Strength
Experienced Leadership & Skilled Team – Promoters with industry expertise and qualified engineers managing operations.
Diverse Product Portfolio – Wide range of display, kitchen, and refrigeration equipment catering to multiple industries.
Focus on Customization & After-Sales Service – Ability to deliver tailored solutions with strong customer support.
Weakness
Audit/Compliance Risk – Restated financials signed under the same UDIN and date for multiple periods may raise credibility and compliance concerns.
Regulatory & Licensing Risk – Business depends on timely approvals and licenses; failure to obtain/renew could disrupt operations.
Lease Dependency Risk – Proposed Lucknow manufacturing-cum-assembly unit is on leased premises, creating long-term operational uncertainty.
Riddhi Display Equipments Lead Manager(s)
Riddhi Display Equipments Address
Plot No.1, Survey No.2/1 P4/P2,
National Highway-27 Gondal Highway,
Village Bhojpara, Gondal
Rajkot, Gujarat, 360311
Phone: +91 98250 72799
Email: info@riddhidisplay.com
Website: https://riddhidisplay.com/
Riddhi Display Equipments Registrar
Riddhi Display Equipments Reviewers
| Reviewer | Recommendation | File |
|---|