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Riddhi Display Equipments IPO
Price Band
₹95.0–100.0
Issue Size
₹24.68 Cr
Lot Size
1,200 shares
Min Investment
₹240,000
2 LOTS MIN
GMP
—
Issue Price
₹100.0
Riddhi Display Equipments IPO AI Summary
- Riddhi Display Equipments IPO is listed on BSE SME in the Houseware sector.
- Price band: ₹95.0–₹100.0 per share, lot size 1,200 shares (min. investment ₹240,000, 2 lots minimum).
- Subscription window: 08 Dec–10 Dec 2025, listing on 15 Dec 2025.
Riddhi Display Equipments Limited is an SME engaged in manufacturing display equipment with a focus on quality and innovation. The company is planning an IPO to raise ₹24.68 Cr, with proceeds aimed at expanding its manufacturing capabilities and funding working capital needs. Investors should consider the company's financial performance and market conditions before participating.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Riddhi Display Equipments IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 10 Dec 2025 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Riddhi Display Equipments IPO Grey Market Premium (GMP) Today
GMP not available yet
Grey Market Premium is updated daily. Check back closer to the listing date.
About the Company
Incorporated in 2006, Riddhi Display Equipments Limited is engaged in the business of manufacturing and supply of innovative solutions in the field of display equipment like Display Counter, Kitchen Equipments and Refrigeration Equipments. The company focuses on offering high-quality products and services that meet the diverse needs of industries such as retail, advertising, and exhibitions. The company’s manufacturing facility in Gondal, Gujarat, is equipped to produce high-quality, cost-efficient products. Skilled technical engineers manage operations, optimizing production processes to maximize yield and minimize costs. Product Portfolio: Display Counter: The company’s Display Counter vertical contributes significantly to income, used for restaurants, cafes, retail shops, supermarkets, and more. Commercial Kitchen Equipment: The company’s Commercial Kitchen Equipment vertical contributes significantly to income, used in hotels, restaurants, hospitals, and more. Commercial Refrigeration Equipments: The company’s Commercial Refrigeration Equipment vertical contributes to income, used in hotels, restaurants, hospitals, and more. As on August 31, 2025, the company has 55 employees on its payroll. Competitve Strengths: Experienced Promoters and qualified technical team Consistent delivery of quality products Providing customized solutions with a focus on after sales service Well established manufacturing facilities Strong marketing Team Catering to clients from diverse sectors and industries
Company Financials (₹ Cr)
As of 2025-07-31
| Period Ended | 31 Jul 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 36.63 | 32.34 | 19.15 | 17.01 |
| Total Income | 11.23 | 25.09 | 18.90 | 17.54 |
| Profit After Tax | 2.00 | 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 | 8.10 | 6.65 |
Key Ratios
EPS
₹6.71
NAV
₹16.45
ROE
62.87%
ROCE
58.40%
RoNW
39.94%
P/B Value
6.08
P/E Ratio
14.91
Market Cap
₹86.40 Cr
PAT Margin
16.53%
Debt/Equity
1.04
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Ice Make Refrigeration Limited | 81.36 | 18.09% | 48.14 | 14.72 | 14.72 |
| Riddhi Display Equipments Limited This IPO | 19.42 | 16.18% | — | 3.24 | 3.24 |
Promoters
Shailehsbhai Ratibhai Pipaliya, Hansaben Shailehsbhai Pipaliya and Jay Shailehskumar Pipaliya
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 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 2 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 3 Capital expenditure towards setting up of Showroom at Gondal, Rajkot 1.43 4 Funding working capital requirements of the Company 9.74 5 General Corporate Purposes 3.42 6 Issue Expenses 2.17 Total 25.51
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹17.54 Cr in the year ended 31 Mar 2023, increasing to ₹18.90 Cr by 31 Mar 2024, and further rising to ₹25.09 Cr by 31 Mar 2025. However, the most recent figure of ₹11.23 Cr as of 31 Jul 2025 is a 9-month figure and not directly comparable to the previous full year.
Profit Trend
Profit After Tax was ₹0.21 Cr in the year ended 31 Mar 2023, increasing to ₹2.02 Cr by 31 Mar 2024, and further rising to ₹4.14 Cr by 31 Mar 2025. The most recent figure of ₹2.00 Cr as of 31 Jul 2025 is also a 9-month figure and not directly comparable to the previous full year.
Valuation
Riddhi Display Equipments has an EPS of ₹6.71 and is priced at a P/E ratio of 14.91. Its peers, such as Ice Make Refrigeration Limited, have a P/E ratio of 48.14. This indicates that Riddhi Display Equipments is priced at roughly 0.30 times the trailing earnings compared to its peers.
Grey Market Premium, Explained
The grey market refers to unofficial trading of shares before they are listed on the stock exchange. The Grey Market Premium (GMP) indicates the expected listing price of an IPO based on demand and supply dynamics in the grey market. A positive GMP suggests that the stock may list at a higher price than the issue price, while a negative GMP indicates the opposite.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment goals and market conditions. It's essential to consider the company's fundamentals, market position, and growth potential before making a decision.
Who May Want to Wait
Investors with a low-risk appetite or those seeking guaranteed returns should approach IPOs cautiously. This investment may not be suitable for those who prefer stable, established companies with predictable earnings.
IPO Timeline, Explained
The IPO opens for subscription on December 8, 2025, and closes on December 10, 2025. Allotment of shares will be done on December 11, 2025, with the listing date set for December 15, 2025.
Listing Gains — The Risk
Listing-day gains can be unpredictable and are influenced by various factors, including market sentiment and demand for the stock. While some IPOs may experience a surge in price on their debut, others may not perform as expected. Investors should be prepared for the possibility of price fluctuations.
This evaluation is generated from Riddhi Display Equipments's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is the price band of Riddhi Display Equipments IPO?
The price band of Riddhi Display Equipments IPO is ₹95.0–₹100.0 per share.
When does Riddhi Display Equipments IPO open and close?
Riddhi Display Equipments IPO opens on 08 December 2025 and closes on 10 December 2025.
When does Riddhi Display Equipments IPO list on the stock exchange?
Riddhi Display Equipments IPO listed on 15 December 2025 at ₹100.0.
What is the lot size for Riddhi Display Equipments IPO?
The lot size for Riddhi Display Equipments IPO is 1200 shares, requiring a minimum investment of ₹240,000 (2 lots).
What is the price band for the IPO?
The price band for the IPO is ₹95 to ₹100.
What is the minimum investment required?
The minimum investment required is ₹240,000.
What is the lot size for this IPO?
The lot size for this IPO is 1,200 shares.
When does the IPO open and close?
The IPO opens on December 8, 2025, and closes on December 10, 2025.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of an IPO based on unofficial trading.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
08 Dec 2025
Close
10 Dec 2025
Allotment
11 Dec 2025
Listing
15 Dec 2025
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