Riddhi Display Equipments Limited
Bookbuilding IPO · BSE
- Price band
- ₹95 - ₹100
- Lot size
- 1,200 shares
- Issue amount
- ₹24.68 cr
- Total subscription
- 4.97×
- Opens
- 8 Dec 2025
- Closes
- 10 Dec 2025
- Allotment
- 11 Dec 2025
- Listing
- 15 Dec 2025
Offer at a glance
Issue overview
- Issue size
- 24,68,400 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,14,000
- Fresh issue
- ₹24.68 cr
- Offer for sale
- ₹0 cr
- Registrar
- Maashitla Securities Private Limited
- Listing exchange
- BSE
- Maximum investment
- ₹1,20,000
- Issue type
- Bookbuilding IPO
- Shares before issue
- 61,71,589
- Shares after issue
- 86,39,989
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 2 | 2,400 | ₹2,40,000 |
| sHNI | 3 | 3,600 | ₹3,60,000 |
| bHNI | 9 | 10,800 | ₹10,80,000 |
Share reservation
Subscription & GMP
Subscription by category
Reported 10 Dec 2025
GMP history
Day-wise demand
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| QIB | 0 | 2 |
| NIB | 0 | 365 |
| RETAIL | 485 | 3,854 |
| HNIs(10L +) | 214 | 113 |
| HNIs (2-10L) | 107 | 252 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 0.25 | 0.55 |
| FIIs | 0 | 0.55 |
| RETAIL | 11.64 | 92.5 |
| NIB | 11.56 | 23.39 |
| HNIs 2+ | 3.85 | 9.91 |
| HNIs 10+ | 7.7 | 13.48 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Jul-25 | Mar-25 | Mar-24 |
|---|---|---|---|
| EPS | 9.72 | 6.84 | 3.43 |
| ROE | 18.03 | 62.87 | 92.03 |
| ROCE | 17.5 | 58.4 | 56.15 |
| RONW | 0 | 0 | 0 |
| PRE IPO(PE) | 0 | 14.91 | 0 |
| POST IPO(PE) | 14.4 | 0 | 0 |
Values and labels as reported in the issue data.
Peer comparison
| Company | P/E(X) | CMP* (₹) | Face value (₹) | NAV/Share (₹) | RONW(%) | EPS (Basic) (₹) |
|---|---|---|---|---|---|---|
| Ice Make Refrigeration Limited | 52.21 | 0 | 10.00 | 81.36 | 18.09 | 14.72 |
| Riddhi Display Equipments Limited | 0 | 0 | 10.00 | 19.42 | 16.18 | 3.24 |
Company information
Company profile
Riddhi Display Equipments Limited, incorporated in 2006, is engaged in the manufacturing and supply of innovative display equipment solutions, including display counters, kitchen equipment, and refrigeration equipment. The company emphasizes delivering high-quality products and services to cater to diverse industries such as retail, advertising, and exhibitions. Its manufacturing facility, located in Gondal, Gujarat, is designed to produce cost-efficient products, with skilled technical engineers managing operations to optimize production processes, maximize output, and reduce costs. The company’s product portfolio includes display counters widely used in restaurants, cafes, retail shops, and supermarkets; commercial kitchen equipment primarily used in hotels, restaurants, and hospitals; and commercial refrigeration equipment serving similar sectors. As of August 31, 2025, the company employs 55 people.
Strengths
- Strong Leadership & Expert Team – Experienced promoters and skilled engineers driving efficient operations.
- Wide Product Portfolio – Diverse range of display, kitchen, and refrigeration equipment for multiple industries.
- Customer-Centric Approach – Focus on customized solutions and dependable after-sales support.
Risk factors
- Audit & Compliance Concerns – Restated financials signed under the same UDIN and date across periods may affect credibility and regulatory compliance.
- Regulatory & Licensing Dependence – Timely approvals and license renewals are critical; delays or failures could disrupt operations.
- Lease-Based Facility Risk – Reliance on leased premises for the proposed Lucknow unit creates long-term operational uncertainty.
Promoters
Mr. Shailehsbhai Ratibhai Pipaliya
Mrs. Hansaben Shailehsbhai Pipaliya
Mr. Jay Shailehskumar Pipaliya
Registrar & documents
Lead manager
Jawa Capital Services Private Limited
Registrar & contacts
Maashitla Securities Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Plot No.1, Survey No.2/1 P4/P2, National Highway-27 Gondal Highway, Village Bhojpara, Gondal Rajkot, Gujarat, 360311
+91 98250 72799
[email protected]Company website ↗Understanding RDEL IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.