Incorporated in 2006 and based in Gondal (Rajkot), Riddhi Display Equipments Ltd. manufactures display counters, commercial kitchen equipment and commercial refrigeration equipment serving retail, hospitality, healthcare and exhibition markets. The company emphasizes customized solutions, after-sales service and operates a manufacturing unit in Gondal, Gujarat. Employee count: ~55 (as of Aug 31, 2025).
Riddhi Display Equipments IPO
| Face Value | ₹10 per share |
|---|---|
| Issue Type | Book-building (Fresh Issue) |
| Total Shares Offered | 24,68,400 shares (Fresh issue only) |
| Market Maker | Aftertrade Broking Pvt. Ltd. (Reserved 1,23,600 shares) |
| Net Offered to Public | 23,44,800 shares (≈₹23.45 Cr at upper band) |
| Registrar | Maashitla Securities Pvt. Ltd. |
| Category | Shares Offered | % of Issue |
|---|---|---|
| Market Maker | 1,23,600 | 5.01% |
| QIB | 25,200 | 1.02% |
| NII (HNI) | 11,55,600 | 46.82% |
| Retail (RII) | 11,64,000 | 47.16% |
Note: Market maker portion is separate and not part of public tally for subscription ratios.
| IPO Open Date | Mon, Dec 8, 2025 |
|---|---|
| IPO Close Date | Wed, Dec 10, 2025 |
| Tentative Allotment | Thu, Dec 11, 2025 |
| Initiation of Refunds | Fri, Dec 12, 2025 |
| Credit to Demat | Fri, Dec 12, 2025 |
| Tentative Listing Date | Mon, Dec 15, 2025 |
| UPI Mandate Cut-off | 5 PM on Wed, Dec 10, 2025 |
| Application Type | Lots | Shares | Amount (₹) — at ₹100 |
|---|---|---|---|
| Retail (Min) | 2 | 2,400 | ₹2,40,000 |
| 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 |
Incorporated in 2006 and based in Gondal (Rajkot), Riddhi Display Equipments Ltd. manufactures display counters, commercial kitchen equipment and commercial refrigeration equipment serving retail, hospitality, healthcare and exhibition markets. The company emphasizes customized solutions, after-sales service and operates a manufacturing unit in Gondal, Gujarat. Employee count: ~55 (as of Aug 31, 2025).
| Period | 31 Jul 2025 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 36.63 | 32.34 | 19.15 |
| Total Income | 11.23 | 25.09 | 18.90 |
| Profit After Tax | 2.00 | 4.14 | 2.02 |
| EBITDA | 3.19 | 6.93 | 3.77 |
| Net Worth | 12.36 | 10.36 | 3.21 |
| Total Borrowing | 8.63 | 10.79 | 8.10 |
| ROE | 62.87% |
|---|---|
| ROCE | 58.40% |
| Debt/Equity | 1.04 |
| PAT Margin | 16.53% |
| EBITDA Margin | 27.68% |
| Price to Book | 6.08 |
| EPS (Pre/Post) | 6.71 / 6.95 |
| P/E (Pre/Post) | 14.91 / 14.4 |
Figures as per RHP/DRHP. Pre/post calculations based on latest available earnings (FY2025/H1 2026 as disclosed).
| S.No | Purpose | Amount (₹ million) |
|---|---|---|
| 1 | Capex for new Manufacturing cum assembly Unit at Lucknow, UP | 49.65 |
| 2 | Upgradation capex for existing unit at Gondal, Rajkot | 37.91 |
| 3 | Setting up a Showroom at Gondal, Rajkot | 14.27 |
| 4 | Funding Working Capital | 97.37 |
| 5 | General Corporate Purposes | – |
Riddhi Display Equipments Ltd.
Plot No.1, Survey No.2/1 P4/P2, National Highway-27 Gondal Highway, Village Bhojpara, Gondal, Rajkot, Gujarat, 360311
Phone: +91 98250 72799 | Email: info@riddhidisplay.com | Website: https://riddhidisplay.com/
Registrar: Maashitla Securities Pvt. Ltd.
Phone: +91-11-45121795-96 | Email: investor.ipo@maashitla.com | https://maashitla.com/allotment-status/public-issues
Observations: Riddhi Display shows healthy revenue and PAT growth y-o-y, strong margins and high ROE/ROCE — indicators of profitable niche operations. Valuation (P/B ~6.1) and relatively high debt/equity (~1.04) warrant caution. Small post-issue equity base may slow index migration.
Suitable for well-informed investors with medium-to-long term horizon after reading the full RHP. This is not investment advice; consult your advisor.
I don’t think the title of your article matches the content lol. Just kidding, mainly because I had some doubts after reading the article.