India’s capital goods sector contributes close to 12% of the nation’s manufacturing base and nearly 1.8% of GDP. With a valuation of over $43 billion in FY22, this field has seen sustained progress.
Within this setting, Riddhi Display Equipments IPO seeks to tap these prospects. Listing on the exchange provides a route to scale operations, reinforce visibility, and align with industries that depend on consistent equipment demand.
The offer is guided by Jawa Capital Services as lead manager, while Maashitla Securities functions as registrar. Readers can now examine the Riddhi Display Equipments IPO GMP, allotment status, and listing schedule in the sections that follow.
Riddhi Display Equipments IPO Details
Investors reviewing the IPO can refer to the key terms before applying. The table below presents Riddhi Display Equipments IPO details India:
| Parameter | Value |
| IPO Open Date | 24 September 2025 |
| IPO Close Date | 26 September 2025 |
| Face Value | ₹10 |
| Price Band | ₹95 to ₹100 per share |
| Issue Price | ₹95 – ₹100 (final pricing likely within this band) |
| IPO Lot Size | 1,200 shares |
| Sale Type | Fresh issue (i.e. no Offer for Sale) |
| Offer for Sale | Nil |
| Fresh Issue | ₹24.68 Crore (entire issue is fresh) |
| Issue Type | Book Built SME IPO |
| Listing at | BSE SME segment |
| Total Issue Size | ₹24.68 Crore |
| Reserved for Market Maker | NA |
| Net Offered to Public | 1,164,000 |
| Minimum Investment | ₹120,000 |
| Retail Discount | NA |
Riddhi Display Equipments IPO Timeline
A key part of the Riddhi Display Equipments IPO review is understanding important dates for investors. The table below highlights the full schedule from opening to listing.
| Event | Date |
| IPO Open Date | 24 September 2025 |
| IPO Close Date | 26 September 2025 |
| Tentative Allotment / Basis of Allotment | 29 September 2025 |
| Initiation of Refunds | 30 September 2025 |
| Credit of Shares to Demat Accounts | 30 September 2025 |
| Tentative Listing Date | 01 October 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM, 26 September 2025 |
Riddhi Display Equipments IPO Grey Market Premium (GMP Today)
Tracking early trading interest offers a glimpse into sentiment before listing. The Riddhi Display Equipments IPO price band has been set at ₹95 to ₹100 per share, and the Riddhi Display Equipments IPO GMP today provides an informal view of how the market values it against that range.
| Date | GMP (₹) | Estimated Listing Price |
| 29 Sept 2025 | 1 | 101 |
| 28 Sept 2025 | 1 | 101 |
| 27 Sept 2025 | 1 | 101 |
| 26 Sept 2025 | 1 | 101 |
| 25 Sept 2025 | 1 | 101 |
| 24 Sept 2025 | 1 | 101 |
| 23 Sept 2025 | 1 | 101 |
| 22 Sept 2025 | 0 | 100 |
| 21 Sept 2025 | 0 | 100 |
| 20 Sept 2025 | 0 | 100 |
| 19 Sept 2025 | 0 | 100 |
Riddhi Display Equipments IPO Reservation
As we saw the Riddhi Display Equipments IPO Grey Market Premium, next let’s get into IPO reservation details across different investor categories to understand the share allocation structure.
| Investor Category | Shares Offered | Percentage (%) |
|---|---|---|
| Non-Institutional Investor (NII / HNI) | 11,55,600 | 46.82% |
| Qualified Institutional Buyers (QIB) | 25,200 | 1.02% |
| Retail Individual Investor | 11,64,000 | 47.16% |
| Total Shares Offered | 24,68,400 | 100.00% |
Riddhi Display Equipments Key Performance Indicator
Understanding key ratios is important for the Riddhi Display Equipments IPO analysis, as they highlight profitability, efficiency and leverage position. The following table summarises the main indicators.
| Particulars | 2023 | 2024 | 2025 |
| ROE (%) | 62.87 | 92.03 | 17.79 |
| ROCE(%) | 58.40 | 56.15 | 11.26 |
| Debt to Equity Ratio | 4.89 | 2.40 | 1.04 |
| RoNW(%) | 15.19 | 59.73 | 39.94 |
| PAT Margin(%) | 1.18 | 10.69 | 16.53 |
| EBITDA Margin(%) | 6.18 | 19.98 | 27.68 |
Riddhi Display Equipments IPO Financials
A closer look at the numbers is essential while assessing Riddhi Display Equipments IPO details. Here’s the snapshot of the firm’s numbers:
| ₹ in Lakhs | 2023 | 2024 | 2025 |
| Revenue | 1,754.10 | 1,889.56 | 2,508.87 |
| Total Asset | 1,701.34 | 1,915.06 | 3,234.42 |
| Profit | 20.65 | 201.60 | 413.88 |
Riddhi Display Equipments IPO Lot Size
Investors can subscribe by applying in fixed multiples of shares depending on their category. The table below shows the Riddhi Display Equipments IPO lot size with minimum and maximum applications.
| Application | Lot Size | Shares | Amount(in ₹) |
| 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 |
Riddhi Display Equipments IPO Promoter Holding
As we saw the Riddhi Display Equipments IPO SME IPO GMP today, it is equally important to review the promoter shareholding pattern. The table below highlights the holding before and after the issue:
| Promoter Holding (Promoter + Promoter Group) | Shares | % Holding |
| Pre-Issue | 61,71,174 | 99.99% |
| Post-Issue | 86,39,989 | 71.43% |
Riddhi Display Equipments IPO Anchor Investors Details
Anchor investors are institutional participants who subscribe ahead of the issue opening, providing early confidence and stability.
| Bid Date | NA |
| Shares Offered | NA |
| Anchor Portion Size (In Cr.) | NA |
| Anchor lock-in period for 50% shares (30 Days)ends on | NA |
| Anchor lock-in period for remaining shares (90 Days) ends on | NA |
Riddhi Display Equipments IPO Prospectus
The prospectus offers essential disclosures on the company’s background, operations and financial standing. It also sets out the Riddhi Display Equipments IPO share price band and terms of issue for investors to evaluate. The document provides insight into risk factors, competitive positioning and compliance status, helping subscribers make informed choices.
About Riddhi Display Equipments
Riddhi Display Equipments was set up in 2006. Headquartered in Gondal, Gujarat, it develops display counters, refrigeration systems and professional culinary equipment for varied users. Its clientele spans diverse food and retail establishments, ranging from bakeries and restaurants to supermarkets and cafés.
The facility holds ISO 9001:2015 accreditation and is operated by experienced teams that oversee efficiency and uphold strict standards. With ETL authorisation, its offerings also meet international compliance for markets in the United States and Canada. Through customised design and scalable production methods, the company continues to strengthen its role across multiple service sectors.
| Particulars | Details |
| Founded in | 2006 |
| Managing Director | Shaileshbhai Ratibhai Pipaliya |
| Parent Organisation | Standalone- Riddhi Display Equipments Limited |
| Services they Provide | Display Counters, Commercial Kitchen Equipment, Refrigeration Equipment |
Objectives of Riddhi Display Equipments IPO
| Purpose | Description | Amount (₹ Crore) | % of IPO Proceeds |
| Expansion / New Unit | Capital expenditure for setting up a new manufacturing / assembly unit in Lucknow, Uttar Pradesh | 4.96 | 20.09% |
| Upgradation / Modernisation | Purchase of new machinery, equipment & software for upgradation of existing manufacturing unit in Gondal, Rajkot | 3.79 | 15.35% |
| Showroom / Display | Setting up a showroom in Rajkot / at suitable locations to enhance market reach | 1.42 | 5.70% |
| Working Capital | To meet working capital requirements (raw materials, inventory, receivables, etc.) | 9.74 | 39.40% |
| General Corporate Purposes | Other corporate expenses and miscellaneous uses not specifically covered above | 4.77 | 19.30% |
Strength Of Riddhi Display Equipments
- The organisation runs an ISO 9001:2015 accredited facility in Gondal where strict benchmarks guide operations and ensure consistency in output.
- The capability to engineer customised formats for different client needs reinforces loyalty and builds durable partnerships with institutions and service chains.
- A leadership team with deep technical expertise and long industry experience provides stability and supports measured scale-up of activities.
- Regional outreach beyond its current base, backed by a marketing framework that taps into hospitality and lifestyle businesses, positions the enterprise to capture rising demand.
Risk of Riddhi Display Equipments
- The manufacturing base is concentrated in Gondal, leaving the company susceptible to local disruptions and regulatory sensitivities.
- A narrow breadth of offerings centred on display and kitchen units, together with dependence on a few key clients, creates revenue exposure.
- Financial resources remain moderate and a higher debt-to-equity position could affect flexibility in funding expansion or managing downturns.
- Industry rivalry from established players with extensive catalogues and deeper distribution could restrain the organisation’s ability to widen its footprint.
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Riddhi Display Equipments IPO FAQs
It is a small and mid-sized enterprise issue coming to the market in late September 2025. The offering is fully fresh equity with a total size of about ₹24.68 crore. Shares are proposed to be listed on the BSE SME platform.
Investors using Zerodha can place bids online through the Console platform. One needs to log in, choose the issue, fill in details and confirm payment using UPI. The mandate then has to be approved on the linked app.
The subscription window is scheduled to begin on 24 September 2025. It will remain open for investors until 26 September 2025.
One application requires a minimum of 1,200 shares. At the upper price band, the entry amount works out to ₹120,000.
An investor can place a bid through their broker or online trading platform. Details such as quantity, price and UPI authorisation need to be submitted before confirmation.
The basis of allocation is expected to be finalised on 29 September 2025. Refunds and credit of shares will follow shortly after that date.
Trading is likely to commence on 1 October 2025. The shares are proposed to list on the BSE SME platform.
