Riddhi Display SME: Check IPO Date, Live Subscription and Key Details
Riddhi Display Equipments Limited, established in 2006, designs and manufactures customized solutions for commercial kitchens and bakery setups. Its three main verticals are Display Counters (refrigerated, heated, and ambient), Commercial Kitchen Equipment, and Commercial Refrigeration Equipment. The company caters to clients in the retail, food service (hotels, restaurants, cafes), and healthcare industries, providing high-quality, cost-efficient products from its manufacturing facility in Gondal, Gujarat.
Price Range
₹95.0 - ₹100.0
Issue Size
₹23.45 Cr
Lot Size
1,200 shares
IPO Type
BSE SME
GMP
₹1(+1.00%)
Est. Listing Price
₹101
Estimate Profit
₹2,400
Retail Portion
47.16%
Key Metrics
Check Live GMPGMPFace Value
₹10
EPS
6.95
P/E Ratio
14.4
RoNW
39.94%
ROE
62.87%
Debt to Equity
1.04
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Timeline
IPO Opens
8 Dec
IPO Closes
10 Dec
Allotment
11 Dec
Listing
15 Dec
IPO Timeline & Listing Details
| Event | Date | Details |
|---|---|---|
| IPO Open Date | 8 December 2025 | Subscription starts |
| IPO Close Date | 10 December 2025 | Subscription ends |
| Allotment Date | 11 December 2025 | Allotment |
| Listing Date | 15 December 2025 | Listing |
Investment Categories
| Category | Lots | Amount |
|---|---|---|
Individual | 2 | ₹2,40,000 |
SHNI (Min) | 3 | ₹3,60,000 |
SHNI (Max) | 8 | ₹9,60,000 |
BHNIAbove ₹10,00,000 | 9 | ₹10,80,000 |
IPO Reservation Details
| Category | Reservation |
|---|---|
| QIB (Qualified Institutional Buyer) | 1.02% |
| NII (Non-Institutional Investor) | 46.82% |
| Retail | 47.16% |
| Market Maker | 5.01% |
| Total | 100.00% |
IPO Objectives
- 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 Cr).
- Capital expenditure towards purchase of new equipment/machineries/software etc. for upgradation of existing Manufacturing Unit of the Company located at Gondal, Rajkot (₹3.79 Cr).
- Capital expenditure towards setting up of Showroom at Gondal, Rajkot (₹1.43 Cr).
- Funding working capital requirements (₹9.74 Cr).
- General Corporate Purpose.
Strengths
- The company shows Strong Financial Growth, with Revenue increased by 33% and PAT rose by 105% in FY25, demonstrating effective cost management and scalability.
- It benefits from Excellent Capital Efficiency, achieving an exceptional RoCE of 58.40% and RoNW of 39.94% in FY25.
- The business provides Customized Solutions, offering high-quality display and refrigeration solutions tailored to the diverse needs of the food service and retail industries.
- The Strategic Expansion focus is on setting up a new manufacturing unit in Lucknow and a new Showroom using IPO proceeds, indicating focused geographical expansion.
- It is supported by Experienced Promoters and a qualified technical team driving innovation and consistent quality delivery.
Weaknesses
- The company has a High Debt-to-Equity ratio of 1.04 (FY25), despite the IPO aiming to fund working capital.
- It operates as a Small-Scale Operation in a highly competitive industry with numerous organized and unorganized players.
- The High Working Capital Requirement (₹9.74 Cr from Fresh Issue) indicates a significant amount of cash is tied up in the business.
- The IPO was undersubscribed on Day 2 (0.13x total), which poses a risk to allotment and post-listing performance.
- The business faces Revenue concentration risk, despite claiming a diverse client base, with a high reliance on a handful of industries.
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Financial Performance
| Period Ended | 31 Jul 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets (₹ Cr.) | 36.63 | 32.34 | 19.15 | 17.01 |
| Revenue (₹ Cr.) | 11.23 | 25.09 | 18.9 | 17.54 |
| PAT (₹ Cr.) | 2 | 4.14 | 2.02 | 0.21 |
| Net Worth (₹ Cr.) | 12.36 | 10.36 | 3.21 | 1.17 |
Peer Comparison
| Company | P/B Ratio | P/E Ratio | RONW (%) | Net Worth (₹ Cr.) |
|---|
Subscription Details
Daily Bids Status
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 1x | 1x | 2.19x |
| NII | 0x | 0.29x | 1.92x |
| S-HNI | 0x | 0.36x | 2.57x |
| B-HNI | 0x | 0.26x | 1.59x |
| RII | 0.04x | 0.8x | 7.95x |
| Total | 0.03x | 0.55x | 4.91x |
Overall Subscription Statistics
| Category | Shares Offered | Shares Bid | Bid Amount (₹ Cr) |
|---|---|---|---|
| QIB | 25,200 | 55,200 | 0.55 |
| NII | 11,55,600 | 22,15,200 | 22.15 |
| Small NII | 3,85,200 | 9,91,200 | 9.91 |
| Big NII | 7,70,400 | 12,24,000 | 12.24 |
| RII | 11,64,000 | 92,49,600 | 92.5 |
| Total | 23,44,800 | 1,15,20,000 | 115.2 |
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Company Details
- Riddhi Display Equipments Ltd.
- Plot No.1, Survey No.2/1 P4/P2, National Highway-27 Gondal Highway, Village Bhojpara, Gondal, Rajkot, Gujarat-360311
- +91 98250 72799
- info@riddhidisplay.com
- https://riddhidisplay.com/
Registrar Details
- Maashitla Securities Pvt.Ltd.
- +91-11-45121795-96
- investor.ipo@maashitla.com
- https://maashitla.com/allotment-status/public-issues
Frequently Asked Questions
What is the core product line of Riddhi Display Equipments?
Riddhi Display Equipments manufactures and supplies commercial display counters, refrigeration equipment, and kitchen equipment used in restaurants, cafes, supermarkets, bakeries, and hospitals.
When does the Riddhi Display Equipments IPO close for subscription?
The Riddhi Display Equipments SME IPO is currently open for subscription and will close on December 10, 2025.
What are the main objectives of the ₹23.45 Cr Fresh Issue?
The net proceeds are allocated for setting up a new Manufacturing cum assembly Unit at Lucknow (₹4.97 Cr), upgrading the existing unit at Rajkot (₹3.79 Cr), funding working capital (₹9.74 Cr), and opening a new Showroom (₹1.43 Cr).
What is the IPO price band and listing date?
The price band is ₹95.00 to ₹100.00 per share, and the tentative listing date on the BSE SME is December 15, 2025.
What are the key financial strengths of Riddhi Display Equipments?
The company has shown strong growth, with PAT rising by 105% in FY25 and achieving an exceptional RoCE of 58.40% and an EBITDA Margin of 27.68%.
How was the Riddhi Display Equipments IPO subscribed on Day 2?
The IPO was subscribed only 0.13 times overall as of Day 2 (Dec 9, 2025), indicating weak investor demand, with the QIB portion being the only segment fully subscribed.
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