- Price band
- ₹95–100per share
- Issue size
- 24,68,400 sharesFresh issue · amount set with price
- Face value
- ₹10per equity share
- Lot size
- 1,200 sharesMin. ₹1.2 L at the upper price
- OpensMon, 2025
- ClosesWed, 2025
Information only, not investment advice. This page provides information compiled from official offer documents for information purposes only. It is not investment advice or a recommendation to apply for, buy or sell any security. We are not a SEBI-registered investment adviser or research analyst. Investments in IPOs are subject to market risks; read the offer document carefully before investing.
Issue details
- Issue type
- Book built, fresh issue
- Fresh issue
- 24,68,400 shares
- Offer for sale
- None
- Total issue
- 24,68,400 shares
- Market maker portion
- 1,23,600 shares
- Face value
- ₹10
- Listing at
- BSE SME
- Promoter holding
- 99.99% → 71.41%
- RHP date
- 29 Nov 2025
Source: Red Herring Prospectus dated 29 Nov 2025Updated
Reservation
Share of the total issue- Market maker100.0%
| Category | Shares | Of net offer | Stated in RHP |
|---|---|---|---|
| Retail individual investors | — | — | 35% |
| Non-institutional investors (NII) | — | — | 15% |
| Qualified institutional buyers (QIB) | — | — | 50% |
| Market maker | 1,23,600 | — | — |
Source: Red Herring Prospectus dated 29 Nov 2025Updated
Lot size
Amounts at ₹100 per share| Category | Lots | Shares | Amount |
|---|---|---|---|
| Big NII (above ₹10 lakh) | 3 | 3,600 | ₹3.6 L |
| Retail individual investors | 2 | 2,400 | ₹2.4 L |
| Small NII (₹2–10 lakh) | 3 | 3,600 | ₹3.6 L |
Source: Red Herring Prospectus dated 29 Nov 2025Updated
Subscription
Category-wise subscription is published by the exchanges while the issue is open. It appears here once the figures are added.
Valuation
FY 2024-25, pre-issue- EPS (basic)
- ₹6.84
- EPS (basic) (Period from April 01, 2025 to July 31, 2025)
- ₹3.24
- RoNW (Period from April 01, 2025 to July 31, 2025)
- 16.18%
- NAV per share (July 31, 2025)
- ₹19.42
- NAV per share (At floor price)
- ₹41.45
- P/E (FY 2024-25 at floor price)
- 13.89×
- EBITDA margin
- 27.68%
- PAT margin
- 16.53%
Source: Red Herring Prospectus dated 29 Nov 2025Updated
Financials
Standalone, restated · ₹ crore| Period ended | 31 Jul 20254 months | 31 Mar 2025FY 2024-25 | 31 Mar 2024FY 2023-24 | 31 Mar 2023FY 2022-23 |
|---|---|---|---|---|
| Revenue from operations | 11.22 | 25.03 | 18.86 | 17.53 |
| Total income | 11.23 | 25.09 | 18.90 | 17.54 |
| EBITDA | 3.19 | 6.93 | 3.77 | 1.08 |
| Profit after tax | 2.00 | 4.14 | 2.02 | 0.21 |
| Net worth | 12.36 | 10.36 | 3.38 | 1.36 |
| Reserves and surplus | 6.19 | 4.19 | 2.93 | 0.91 |
| Total assets | 36.63 | 32.34 | 19.15 | 17.01 |
| Total borrowing | 8.64 | 10.79 | 8.10 | 6.65 |
FY 2024-25 vs FY 2023-24: revenue +32.7%, profit after tax +105.3%. Periods shorter than 12 months are shown as reported and are not annualised.
Source: Red Herring Prospectus dated 29 Nov 2025Updated
About the company
The company designs and manufactures customised display counters, commercial kitchen equipment and commercial refrigeration equipment for food-service and retail businesses. Its products are supplied to restaurants, cafes, bakeries, sweet shops and similar customers, with its manufacturing facility located in Rajkot, Gujarat.
- Incorporated
- 2006
- Industry
- Commercial Kitchen and Display Equipment Manufacturing
- CIN
- U29300GJ2006PLC047501
- Website
- riddhidisplay.com
Source: Red Herring Prospectus dated 29 Nov 2025Updated
Promoters and shareholders
| Name | Type | Before issue | After issue |
|---|---|---|---|
| Hansaben Shaileshbhai Pipaliya | Promoter | 49.40% | 35.29% |
| Shaileshbhai Ratibhai Pipaliya | Promoter | 45.21% | 32.30% |
| Jay Shaileshkumar Pipaliya | Promoter | 5.35% | 3.82% |
| Jigneshbhai Ratilal Pipaliya | Promoter group | 0.01% | 0.00% |
| Pipaliya Dineshbhai Ratilal | Promoter group | 0.01% | 0.00% |
| Pipaliya Priya Jay | Promoter group | 0.01% | 0.00% |
Source: Red Herring Prospectus dated 29 Nov 2025Updated
Objects of the issue
₹ crore| Purpose | Amount |
|---|---|
| Capital expenditure for interior work and new machinery for a manufacturing-cum-assembly unit in Lucknow, Uttar Pradesh | 4.37 |
| Capital expenditure for new equipment, machinery and software to upgrade the existing Gondal, Rajkot manufacturing unit | 3.56 |
| Capital expenditure for setting up a showroom at Gondal, Rajkot | 1.43 |
| Funding working capital requirements | 9.74 |
| General corporate purposes | Set with price |
Source: Red Herring Prospectus dated 29 Nov 2025Updated
Peer comparison
As listed in the offer document| Company | EPS | P/E | RoNW | NAV per share |
|---|---|---|---|---|
| Riddhi Display Equipments LimitedIssuer | ₹3.24 | — | 16.18% | ₹19.42 |
| Ice Make Refrigeration Limited | ₹14.72 | 48.14× | 18.09% | ₹81.36 |
Source: Red Herring Prospectus dated 29 Nov 2025Updated
Strengths and risks
Our summary of what the offer document statesStrengths
- Designs and manufactures a broad range of display counters, kitchen equipment and refrigeration equipment.
- Operates an ISO 9001:2015 certified manufacturing facility in Rajkot.
- Offers customised layouts and equipment tailored to client needs, with after-sales focus.
- Serves customers across diverse food-service and retail segments.
- Revenue grew from FY 2022-23 to FY 2024-25 and profit after tax rose over the same period.
Risks
- Several operating approvals, licences and registrations are pending or still under application.
- The company operates only one manufacturing facility, so any disruption would affect operations.
- The Lucknow unit premises are held on a lease that may not be renewed on acceptable terms.
- Issue objects depend on internal estimates and vendor quotations that may change.
- Audit report signing under a single UDIN could lead to regulatory objections and delay in the issue.
Source: Red Herring Prospectus dated 29 Nov 2025Updated
Contacts
Source: Red Herring Prospectus dated 29 Nov 2025Updated
Allotment status
Check whether shares were allotted on the official pages below, using your PAN, application number or DP/client ID. Results appear once the basis of allotment is finalised.
Source: Red Herring Prospectus dated 29 Nov 2025Updated
After listing
Listing price, day-one high and low, and the change from the issue price (set at allotment) appear here after the shares list on BSE SME.
Frequently asked questions
When does the Riddhi Display Equipments IPO open and close?
According to the Red Herring Prospectus, the issue opens on Monday, 8 December 2025 and closes on Wednesday, 10 December 2025.
What is the Riddhi Display Equipments IPO price band?
The price band is ₹95–100 per share, with a face value of ₹10.
What is the lot size of the Riddhi Display Equipments IPO?
One lot is 1,200 shares, which is ₹1.2 L at ₹100 per share.
Where will Riddhi Display Equipments shares list?
On BSE SME.
Who is the registrar of the issue?
Maashitla Securities Private Limited (SEBI registration INR000004370). Allotment status is checked on the registrar's website.
How do I check the Riddhi Display Equipments IPO allotment status?
Search by PAN, application number or DP/client ID on the registrar's website (Maashitla Securities Private Limited) or the BSE website. Shares that are allotted are credited to your demat account; for an application that is not allotted, the blocked amount is released.
How will the money raised be used?
₹4.37 Cr for capital expenditure for interior work and new machinery for a manufacturing-cum-assembly unit in Lucknow, Uttar Pradesh, ₹3.56 Cr for capital expenditure for new equipment, machinery and software to upgrade the existing Gondal, Rajkot manufacturing unit, ₹1.43 Cr for capital expenditure for setting up a showroom at Gondal, Rajkot, ₹9.74 Cr for funding working capital requirements, and the rest for the other stated purposes.
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Spotted something wrong?
Our data comes from official offer documents, but mistakes can slip through. Report an error and tell us which figure looks wrong and where you saw the correct one (the offer-document page number helps). For anything else, see Contact.