Riddhi Display Equipments Limited, a well-known manufacturer of commercial refrigeration, display counters, and kitchen equipment, is coming up with its SME IPO to list on the NSE SME platform. The company has a strong presence in Gujarat and supplies custom display solutions for sweet shops, bakeries, restaurants, and fast-food chains across India.
This IPO is drawing interest among investors due to the company’s strong revenue growth and expansion plans into new manufacturing units.
📊 IPO Overview
| Particulars | Details |
|---|---|
| IPO Name | Riddhi Display Equipments Ltd IPO |
| Exchange | NSE SME |
| Issue Type | Book Built Issue |
| Face Value | ₹10 per share |
| IPO Price Band | ₹ – (to be announced soon) |
| Lot Size | – Shares per lot |
| Total Issue Size | – Shares aggregating to about ₹[TBA] crores |
| Retail Quota | 50% |
| Lead Manager | [TBA] |
| Registrar | [TBA] |
| Listing Date | Expected in [Month, 2025] |
🏭 About Riddhi Display Equipments Ltd
Riddhi Display Equipments Ltd was originally incorporated in 2006 and later converted to a public limited company. Headquartered in Rajkot, Gujarat, the company designs and manufactures commercial display counters, refrigeration systems, and food service equipment.
Its products are used in:
- Sweet shops and bakeries
- Fast food outlets and cafes
- Hotels and restaurants
- Ice cream parlors and dairy stores
The company offers custom-made layouts designed to optimize functionality, aesthetics, and energy efficiency. It has developed strong goodwill in Western India and is now expanding its manufacturing footprint.
💰 Objects of the Issue
The IPO proceeds will be utilized for the following purposes:
- Setting up a new manufacturing unit in Lucknow, Uttar Pradesh
- Upgradation of the existing facility at Gondal, Rajkot
- Establishment of a showroom in Rajkot
- Working capital requirements
- General corporate purposes
📈 Financial Highlights
| Particulars (₹ Crores) | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|
| Total Assets | 32.34 | 19.15 | 17.01 |
| Total Revenue | 25.09 | 18.90 | 17.54 |
| Profit After Tax (PAT) | 4.14 | 2.02 | 0.21 |
| EBITDA | 6.93 | — | — |
| Net Worth | 17.49 | 12.28 | 10.26 |
Key Takeaways:
- Strong YoY revenue growth of over 30%
- Profit more than doubled in FY25
- Debt-to-equity ratio remains very low, indicating a healthy balance sheet
- Return on Net Worth (RONW) improving steadily
⚙️ Business Strengths
- Proven expertise in customized display and refrigeration products
- Long-standing relationships with clients across the food & hospitality industry
- Experienced promoters with over 15 years in manufacturing
- Cost-efficient operations and in-house design capabilities
- Plans for national expansion and brand diversification
💹 Market Impact & Investor View
The SME IPO market in India has been highly active, with many issues giving strong listing gains in 2025. Given Riddhi Display’s solid financials and growing demand for commercial display systems, analysts expect moderate to positive listing performance.
The Grey Market Premium (GMP) for Riddhi Display Equipments IPO, as per early unlisted market discussions, is estimated around ₹30–₹40 per share, indicating healthy investor sentiment.
Investors are advised to track the final issue price and subscription numbers before applying.
🧮 Valuation Outlook
- The company has shown steady growth in profit margins.
- FY25 PAT margin stands above 16%, showing strong operational control.
- With plans for capacity expansion and a new Lucknow plant, topline growth is expected to continue.
- The company’s valuation will depend on the final issue price; early estimates suggest reasonable pricing for long-term investors.
⚠️ Risks to Consider
- Dependency on the food & hospitality sector (cyclical demand risk)
- Competition from other display and refrigeration manufacturers
- Limited geographic presence (mainly Gujarat region so far)
- SME IPOs are less liquid than mainboard listings
🧾 Allotment & Listing Details
- Basis of Allotment: Expected within 5–7 working days after issue close
- Credit to Demat: 2 working days post allotment
- Listing Date: Tentatively within 10 days after IPO close
- Investors can check allotment status via registrar or NSE SME portal.
🧭 Should You Invest in Riddhi Display Equipments Ltd IPO?
Riddhi Display Equipments Ltd stands out for its consistent profitability, low debt, and expansion-driven strategy. With growing demand for modern display equipment in India’s quick-service and hospitality industry, the company is well positioned for future growth.
For long-term investors seeking exposure to the commercial equipment manufacturing segment, this IPO could be a moderately attractive opportunity, provided valuation remains reasonable.
However, as this is an SME IPO, investors should consider liquidity risk and allocate only a portion of their high-risk capital.
Subscription
| Investor | Pending | Pending | Pending |
|---|---|---|---|
| Anchor | |||
| QIB | |||
| Non-Institutional | |||
| BNII | |||
| SNII | |||
| Retail | |||
| Total |
GMP Trend:
| Date | GMP |
|---|---|
| Pending | ₹0.00(0.00%) |
| Pending | ₹0.00(0.00%) |
| Pending | ₹0.00(0.00%) |
It should be noted that IPO GMP is subject to extreme volatility, so an investment decision based solely on Patel Retail IPO GMP will prove risky. Therefore, before to investing, consider all factors and make the right investment decision whether to invest in Patel Retail IPO or not.
❓ FAQs on Riddhi Display Equipments Ltd IPO
Q1. What is the IPO opening and closing date?
👉 The IPO dates will be announced soon after SEBI approval and final RHP filing.
Q2. What is the Riddhi Display Equipments IPO price band?
👉 The price band is yet to be declared. Expected range: ₹[TBA]–₹[TBA].
Q3. What is the minimum lot size for Riddhi Display Equipments IPO?
👉 The minimum lot size and application amount will be announced in the final RHP.
Q4. What is the Riddhi Display Equipments Ltd IPO GMP?
👉 Early reports suggest a Grey Market Premium (GMP) of around ₹30–₹40 per share.
Q5. Is Riddhi Display Equipments Ltd IPO good for long-term investment?
👉 The company shows strong fundamentals, low debt, and growth potential, making it suitable for investors with moderate risk appetite.
🏁 Conclusion
Riddhi Display Equipments Ltd IPO adds another strong name to India’s growing SME market. The company’s consistent financial performance, expansion plans, and rising brand value make it an interesting opportunity for both listing gains and long-term growth.
However, as always, investors should review valuations, GMP movement, and subscription data before making any application.
How to Check IPO Allotment Status:
Maashitla
To check IPO allotment status, follow the steps below:
- Click on the below allotment status check button.
- Select Company Name.
- Enter your PAN Number, Application Number or DP Client ID (Anyone).
- Click on Search.
NSE Website
To check IPO allotment status, follow the steps below:
- Click on the below allotment status check button.
- Select Company Name.
- Enter your PAN Number, Application Number or DP Client ID (Anyone).
- Click on Search.
BSE Webiste
To check IPO allotment status, follow the steps below:
- Click on the below allotment status check button.
- Select Company Name.
- Enter your PAN Number, Application Number or DP Client ID (Anyone).
- Click on Search.
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- Disclaimer: This post is for informational and educational purposes only and does not constitute financial advice or a recommendation to buy/sell any stock or share. Investing in the stock market involves risk. Past performance is not indicative of future results. Always conduct your own research or consult a licensed financial advisor before making investment decisions.
- The information provided on this platform is for educational and informational purposes only. It should not be considered as investment advice, stock recommendations, or financial guidance.
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- Always conduct your own research or consult a SEBI-registered financial advisor before making investment decisions.
- ⚠️ IPO (Initial Public Offerings)
- IPO details, issue size, subscription data, and allotment status shared here are based on publicly available information from company filings, stock exchanges, and merchant bankers.
- Investing in IPOs carries risks including listing volatility, business uncertainties, and sector performance dependency.
- Neither acceptance of applications nor allotment guarantees profits. Investors should evaluate their risk appetite before subscribing.
- ⚠️ GMP (Grey Market Premium)
- Grey Market Premium (GMP) is an unofficial and unregulated indicator of expected IPO listing price.
- GMP data is collected from market observers and informal trading circles; it does not have any legal or SEBI recognition.
- GMP values are highly speculative and may differ significantly from actual listing prices. Investors should not rely solely on GMP while taking investment decisions.
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by Mirae Asset (m,Stock)
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