Riddhi Display Equipments was incorporated on January 12, 2006. The company customizes equipment to meet client-specific needs, offering tailored layouts that suit space and functional requirements. Its range includes refrigerated, heated, and ambient display units, along with kitchen equipment such as burner ranges, trolleys, sink tables, storage racks, and work tables
| Bidding Dates |
|---|
| 08 Dec 2025 - 10 Dec 2025 |
| Subscription |
|---|
| 8.07x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹2,28,000 | 2 | 2 | 1200 | 2.5 M | ₹95 - ₹100 | 71.43 % | ₹234.5 M - ₹246.8 M | RHP DOC |
Riddhi Display Equipments IPO SUBSCRIPTION STATUS
10 Dec '25Riddhi Display Equipments IPO overall subscription rate was 8.07 times the total available shares
Riddhi Display Equipments IPO retail subscription rate was 18.33 times in the retail segment
Riddhi Display Equipments IPO non-institutional investor subscription rate was 10.81 times in the non-institutional investor category
Riddhi Display Equipments IPO Qualified Institutional Bidder subscription rate was 0.08 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
10 Dec 2025 (Day 3) | 18.33x | 10.81x | 0.08x |
09 Dec 2025 (Day 2) | 1.84x | 2.13x | 0.03x |
08 Dec 2025 (Day 1) | 0.06x | - | 0.02x |
Riddhi Display Equipments FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| 4MFY26 | 11.2 | 2.0 | 2.6 | 2.1 | 28.5% |
| FY25 | 25.0 | 4.1 | -1.0 | -2.2 | 27.7% |
| FY24 | 18.9 | 2.0 | -0.3 | -0.4 | 20.0% |
| FY23 | 17.5 | 0.2 | 1.2 | 1.0 | 6.2% |
Riddhi Display Equipments IPO SUBSCRIPTION STATUS DETAILS
Riddhi Display Equipments had 2.5 M shares on offer
Riddhi Display Equipments IPO offer price was in the range ₹95 - ₹100
Riddhi Display Equipments IPO minimum Investment was ₹228000
Riddhi Display Equipments IPO issue size was ₹ 234.5 M - ₹ 246.8 M
Riddhi Display Equipments had a minimum lot size of 1200 Shares per application
Riddhi Display Equipments NUMBER OF SHARES ON OFFER
Riddhi Display Equipments IPO IMPORTANT DATES
| Issue Open Date | 08 Dec 2025 |
| Issue close Date | 10 Dec 2025 |
| Allotment Date | 11 Dec 2025 |
| Refund Date | 12 Dec 2025 |
| Demat Account Credit Date | 12 Dec 2025 |
| Listing Date | 15 Dec 2025 |
| Listing on Exchange(s) | BSE |
| Riddhi Display Equipments Allotment Status | Exchange/ Registrar |
Riddhi Display Equipments IPO subscription opened on 08 Dec 2025, and closed on 10 Dec 2025
IPO allotment for Riddhi Display Equipments was finalized on Thursday, 11 Dec 2025
IPO listing for Riddhi Display Equipments was on BSE on Monday, 15 Dec 2025
Riddhi Display Equipments IPO LISTING GAINS
| Issue Price (adjusted) | 100.0 |
| Listing Open Price | 80.0 |
| Listing Close Price | 76.0 |
| Listing Gain% | -20.0% |
| Current Gain% | -66.5% |
Riddhi Display Equipments Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Riddhi Display Equipments Ltd. | 33.5 | 28.9 | 6.8 | 2.3 | 1 | 11.5 | 7.1 | 29.1 | 16 | 4.3 | 2.9 | 4.9 | 2.9 |
| Cummins India Ltd. | 5426 | 150408.7 | 63.5 | 6 | 11.9 | 27.9 | 20.9 | 12660.5 | 16.8 | 2361.8 | 18.1 | 85.4 | 10.6 |
| GE Vernova T&D India Ltd. | 4299 | 110074.4 | 84.3 | 1.2 | 16.4 | 45.8 | 15.9 | 6297.2 | 44.6 | 1233.2 | 102.7 | 51 | 70.6 |
| 3M India Ltd. | 36035 | 40593.8 | 77.7 | 6.4 | 8 | 29.5 | 16.6 | 5138.5 | 13.8 | 522.3 | 9.7 | 463.7 | 12.2 |
| Kirloskar Oil Engines Ltd. | 2161.7 | 31457 | 57.6 | 3.7 | 4 | 15.9 | 5.3 | 7771.2 | 21.5 | 574.3 | 17.4 | 37.5 | 15.8 |
| Jyoti CNC Automation Ltd. | 784.3 | 17836.8 | 55.4 | -12.6 | 8.1 | 16.8 | 9.3 | 2153.6 | 17.5 | 336 | 6.3 | 14.1 | -4.4 |
Riddhi Display Equipments INFORMATION ON IPO ISSUE
About Riddhi Display Equipments
Riddhi Display Equipments was incorporated on January 12, 2006. The company customizes equipment to meet client-specific needs, offering tailored layouts that suit space and functional requirements. Its range includes refrigerated, heated, and ambient display units, along with kitchen equipment such as burner ranges, trolleys, sink tables, storage racks, and work tables
Object of the Issue
- Capital expenditure towards interior work and for purchase of new equipment/machineries for setting up of Manufacturing cum assembly Unit at Lucknow, Uttar Pradesh
- Capital expenditure towards purchase of new equipment/machineries/software etc. for upgradation of existing manufacturing unit of the company located at Gondal, Rajkot
- Capital expenditure towards setting up of showroom at Gondal, Rajkot
- Funding working capital requirements
- General corporate purposes
Riddhi Display Equipments - PROMOTERS
| Name |
|---|
| Shaileshbhai Ratibhai Pipaliya |
| Hansaben Shaileshbhai Pipaliya |
| Jay Shaileshkumar Pipaliya |
Riddhi Display Equipments - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Shaileshbhai Ratibhai Pipaliya | Chairman & Managing Director |
| Hansaben Shaileshbhai Pipaliya | Executive Director |
| Jay Shaileshkumar Pipaliya | Executive Director |
| Grishma A Shewale | Independent Director |
| Tushar Rai Sharma | Independent Director |
| Chand Rameshbhai Kanabar | Independent Director |
Riddhi Display Equipments Book Running Lead Manager
Jawa Capital Services Private Limited
mbd@jawacapital.in
Riddhi Display Equipments Registrar to the issue
Maashitla Securities Private Limited
investor.ipo@maashitla.com
Riddhi Display Equipments Strengths
Quality products
The company is committed to delivering high-quality products through continuous process improvements, meeting specific customer requirements. With consistent quality, competitive pricing through cost optimization, and reliable after-sales services, the company ensures strong customer satisfaction
After sales service
The company offers tailor-made products based on customer specifications along with standardized industry products. With a strong focus on quality, customization, and efficient after-sales service, it ensures customer satisfaction and has built a trustworthy brand
Diversified across sectors & industries
The company offers a wide range of products catering to diverse industries including dairy, ice-cream, food processing, pharmaceuticals, hospitals, hospitality, and retail. This has helped build a strong and varied customer base over the years
Riddhi Display Equipments Risks
Regulatory risks
The company is subject to various safety, health, environmental, labour, and workplace-related laws at central, state, and local levels. Non-compliance with these regulations could adversely affect its operations and financial condition
Adoption risks
Failure to adapt to technological advancements, market shifts, or evolving customer needs could negatively impact the company’s business and performance. Its future success depends on responding effectively and cost-efficiently to these changes and industry trends
Working capital intensive
The company operates in the B2C market through a dealer and distributor network, requiring high working capital and debtor turnover ratios. To meet demand and sustain growth, it must maintain optimal inventory and timely debtor realizations; failure to do so could adversely impact operations and profitability
IPO FAQs
The promoters of the company are Shaileshbhai Ratibhai Pipaliya, Hansaben Shaileshbhai Pipaliya and Jay Shaileshkumar Pipaliya.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 95.0 - 100.0.
The IPO application opens on Dec 08, 2025 and closes on Dec 10, 2025.
The minimum lot size for the IPO is 2400. The maximum lot size for the IPO is 2400.
For all category investors, the minimum application amount for this IPO is Rs. 228,000.0, the maximum value for this IPO is Rs 240,000.0.
This IPO will be allotted on Dec 11, 2025.
The refund will be credited to your account on Dec 12, 2025.
The allotted shares will be credited to your demat on Dec 12, 2025.
Riddhi Display Equipments Ltd.’s shares listed on the stock exchanges on Dec 15, 2025.