Riddhi Display IPO Details
| IPO Open Date | December 8, 2025 |
| IPO Close Date | December 10, 2025 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹95 to ₹100 Per Share |
| Issue Size | Approx ₹24.68 Crores |
| Fresh Issue | Approx ₹24.68 Crores |
| Issue Type | Book Built Issue |
| IPO Listing | BSE SME |
| DRHP Draft Prospectus |  |
| RHP Draft Prospectus | |
Riddhi Display Equipments IPO Review & Key Points
- Review:
Riddhi Display Equipments IPO Market Lot
The Riddhi Display Equipments IPO minimum market lot is 2,400 shares with ₹2,40,000 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 2 | 2,400 | ₹2,40,000 |
| Retail Maximum | 2 | 2,400 | ₹2,40,000 |
| S-HNI Minimum | 3 | 3,600 | ₹3,60,000 |
| S-HNI Maximum | 8 | 9,600 | ₹9,60,000 |
| B-HNI Minimum | 9 | 10,800 | ₹10,80,000 |
IPO Reservation
| Investor Category | Share Offered | -% Shares |
| Anchor Investor | – Shares | -% |
| QIB (Ex. Anchor) | 25,200 Shares | 1.02% |
| NII Shares Offered | 11,55,600 Shares | 46.82% |
| Retail Shares Offered | 11,64,000 Shares | 47.16% |
Riddhi Display IPO Dates
The Riddhi Display IPO date is December 8 and the close date is December 10. The Riddhi Display IPO allotment will be finalized on December 11 and the IPO listing on December 15.
| IPO Open Date: | December 8, 2025 |
| IPO Close Date: | December 10, 2025 |
| Basis of Allotment: | December 11, 2025 |
| Refunds: | December 12, 2025 |
| Credit to Demat Account: | December 12, 2025 |
| IPO Listing Date: | December 15, 2025 |
| IPO Bidding Cut-off Time: | December 10, 2025 – 5 PM |
Promoters and Holding Pattern
Mr. Shailehsbhai Ratibhai Pipaliya, Mrs. Hansaben Shailehsbhai Pipaliya, and Mr. Jay Shailehskumar Pipaliya are the promoters of the company.
| Particular | Shares | % Share |
| Promoter Holding Pre Issue | 61,71,589 | 99.99% |
| Promoter Holding Post Issue | 86,39,989 | 71.42% |
Objects of the Issue & Utilisation of proceeds
| Purpose | Crores |
| 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 |
| 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 |
| Capital expenditure towards setting up of Showroom at Gondal, Rajkot | 1.42 |
| Funding working capital requirements | 9.74 |
| General Corporate Purpose | – |
About Riddhi Display Equipments IPO
Riddhi Display Equipments Limited, started in 2006, manufactures and supplies innovative solutions in the field of display equipment, like Display Counter, Kitchen Equipment, and Refrigeration Equipment. The company customizes equipment to meet each client’s specific needs, designing layouts that fit their requirements and available space.
Riddhi Display Equipments Ltd.’s revenue grew by 33% and profit after tax (PAT) went up by 105% between the financial years ending March 31, 2024, and March 31, 2025.
The company has a unique strength:
- They have a strong marketing team.
- The company manufactures a wide range of display counters, commercial kitchen equipment, and commercial refrigeration units.
- They have well-established manufacturing facilities.
- The promoters are experienced, and we have a skilled technical team.
Riddhi Display Equipments IPO Company Financial Report
Amount ₹ in Crores
| Period Ended | Revenue | Expense | PAT | Assets |
| 2023 | ₹17.54 | ₹17.32 | ₹0.21 | ₹17.01 |
| 2024 | ₹18.90 | ₹16.18 | ₹2.02 | ₹19.15 |
| 2025 | ₹25.09 | ₹19.46 | ₹4.14 | ₹32.34 |
| July 2025 | ₹11.23 | ₹8.56 | ₹2.00 | ₹36.63 |
Riddhi Display Equipments IPO Valuation – FY2025
Check Riddhi Display Equipments IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 62.87% |
| ROCE: | 58.40% |
| EBITDA Margin: | 27.68% |
| PAT Margin: | 16.53% |
| Debt to equity ratio: | – |
| Earning Per Share (EPS): | ₹6.84 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 39.94% |
| Net Asset Value (NAV): | ₹16.45 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Ice Make Refrigeration Limited | 14.72 | 48.14 | 18.09% | 81.36 | – |
IPO Lead Managers aka Merchant Bankers
- Jawa Capital Services Pvt.Ltd.
Company Address
Riddhi Display Equipments Ltd.
Plot No.1, Survey No.2/1 P4/P2,
National Highway-27 Gondal Highway,
Village Bhojpara, Rajkot, Gondal, 360311
Rajkot, Gujarat, 360311
Phone: +91 – 98250 727
Email: [email protected]
Website: https://riddhidisplay.com/
IPO Registrar
Maashitla Securities Pvt.Ltd.
Phone: +91-11-45121795-96
Email: [email protected]
Website: https://maashitla.com/allotment-status/public-issues
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