Riddhi Display Equipments IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Dec 08 to Dec 10 2025
Price Band
₹95 - 100
Current GMP
₹80 (-20%)
Subscription
4.91 times
IPO Details
| IPO Date | Mon, Dec 8, 2025 to Wed, Dec 10, 2025 |
| Listing Date | Mon, Dec 15, 2025 |
| Face Value | ₹ 10 per share |
| Price Band | ₹95 to ₹100 |
| Issue Price | ₹100 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh Capital |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 24,68,400 shares (aggregating up to ₹ 24.68 Cr) |
| Reserved for Market Maker | 1,23,600 shares (aggregating up to ₹ 1.24 Cr) Prabhat Financial Services Ltd. |
| Net Offered to Public | 23,44,800 shares (aggregating up to ₹ 23.45 Cr) |
| Share Holding Pre Issue | 61,71,589 shares |
| Share Holding Post Issue | 86,39,989 shares |
| BSE Script Code | 544640 |
| ISIN | INE1DKT01011 |
IPO Date
Mon, Dec 8, 2025 to Wed, Dec 10, 2025
Listing Date
Mon, Dec 15, 2025
Face Value
₹ 10 per share
Price Band
₹95 to ₹100
Issue Price
₹100 per share
Lot Size
1,200 Shares
Sale Type
Fresh Capital
Issue Type
Bookbuilding IPO
Listing At
BSE SME
Total Issue Size
24,68,400 shares (aggregating up to ₹ 24.68 Cr)
Reserved for Market Maker
1,23,600 shares (aggregating up to ₹ 1.24 Cr) Prabhat Financial Services Ltd.
Net Offered to Public
23,44,800 shares (aggregating up to ₹ 23.45 Cr)
Share Holding Pre Issue
61,71,589 shares
Share Holding Post Issue
86,39,989 shares
BSE Script Code
544640
ISIN
INE1DKT01011
IPO Subscription Details
| Market Maker | 1 |
| QIB (Ex Anchor) | 2.19 |
| Non-Institutional Buyers*** | 1.92 |
| bNII (bids above ₹10L) | 1.59 |
| sNII (bids below ₹10L) | 2.57 |
| Individual Investors | 7.95 |
| Total ** | 4.91 |
Market Maker
1
QIB (Ex Anchor)
2.19
Non-Institutional Buyers***
1.92
bNII (bids above ₹10L)
1.59
sNII (bids below ₹10L)
2.57
Individual Investors
7.95
Total **
4.91
Day Wise Sub
| Day | QIB (Ex Anchor) | NII* | NII (> ₹10L) | NII (< ₹10L) | Individual Investors | Total |
|---|---|---|---|---|---|---|
| Day 1 Dec 8, 2025 | 1.00 | 0.00 | 0.00 | 0.00 | 0.04 | 0.03 |
| Day 2 Dec 9, 2025 | 1.00 | 0.29 | 0.26 | 0.36 | 0.80 | 0.55 |
| Day 3 Dec 10, 2025 | 2.19 | 1.92 | 1.59 | 2.57 | 7.95 | 4.91 |
DayDay 1
Dec 8, 2025
QIB (Ex Anchor)1.00
NII*0.00
NII (> ₹10L)0.00
NII (< ₹10L)0.00
Individual Investors0.04
Total0.03
DayDay 2
Dec 9, 2025
QIB (Ex Anchor)1.00
NII*0.29
NII (> ₹10L)0.26
NII (< ₹10L)0.36
Individual Investors0.80
Total0.55
DayDay 3
Dec 10, 2025
QIB (Ex Anchor)2.19
NII*1.92
NII (> ₹10L)1.59
NII (< ₹10L)2.57
Individual Investors7.95
Total4.91
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 15-12-2025 | 100.00 | 0(0.00%) | 100 |
| 14-12-2025 | 100.00 | 0(0.00%) | 100 |
| 13-12-2025 | 100.00 | 0(0.00%) | 100 |
| 12-12-2025 | 100.00 | 0(0.00%) | 100 |
| 11-12-2025 | 100.00 | 0(0.00%) | 100 |
| 10-12-2025 | 100.00 | 0(0.00%) | 100 |
| 09-12-2025 | 100.00 | 24(24.00%) | 124 |
Date15-12-2025
Price100.00
GMP0(0.00%)
Estimate List Price100
Date14-12-2025
Price100.00
GMP0(0.00%)
Estimate List Price100
Date13-12-2025
Price100.00
GMP0(0.00%)
Estimate List Price100
Date12-12-2025
Price100.00
GMP0(0.00%)
Estimate List Price100
Date11-12-2025
Price100.00
GMP0(0.00%)
Estimate List Price100
Date10-12-2025
Price100.00
GMP0(0.00%)
Estimate List Price100
Date09-12-2025
Price100.00
GMP24(24.00%)
Estimate List Price124
IPO Important Dates
| 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 of Shares to Demat | Fri, Dec 12, 2025 |
| Tentative Listing Date | Mon, Dec 15, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Dec 10, 2025 |
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 of Shares to Demat
Fri, Dec 12, 2025
Tentative Listing Date
Mon, Dec 15, 2025
Cut-off time for UPI mandate confirmation
5 PM on Wed, Dec 10, 2025
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 2,400 | ₹2,40,000 |
| Individual investors (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 |
ApplicationIndividual investors (Retail) (Min)
Lots2
Shares2,400
Amount₹2,40,000
ApplicationIndividual investors (Retail) (Max)
Lots2
Shares2,400
Amount₹2,40,000
ApplicationS-HNI (Min)
Lots3
Shares3,600
Amount₹3,60,000
ApplicationS-HNI (Max)
Lots8
Shares9,600
Amount₹9,60,000
ApplicationB-HNI (Min)
Lots9
Shares10,800
Amount₹10,80,000
Financial Information
| 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 |
Period EndedAssets
31 Jul 202536.63
31 Mar 202532.34
31 Mar 202419.15
31 Mar 202317.01
Period EndedTotal Income
31 Jul 202511.23
31 Mar 202525.09
31 Mar 202418.90
31 Mar 202317.54
Period EndedProfit After Tax
31 Jul 20252.00
31 Mar 20254.14
31 Mar 20242.02
31 Mar 20230.21
Period EndedEBITDA
31 Jul 20253.19
31 Mar 20256.93
31 Mar 20243.77
31 Mar 20231.08
Period EndedNET Worth
31 Jul 202512.36
31 Mar 202510.36
31 Mar 20243.21
31 Mar 20231.17
Period EndedReserves and Surplus
31 Jul 20256.19
31 Mar 20254.19
31 Mar 20242.93
31 Mar 20230.91
Period EndedTotal Borrowing
31 Jul 20258.63
31 Mar 202510.79
31 Mar 20248.10
31 Mar 20236.65
Key Performance Indicator
| ROE | 62.87% |
| ROCE | 58.40% |
| Debt/Equity | 1.04 |
| RoNW | 39.94% |
| PAT Margin | 16.53% |
| EBITDA Margin | 27.68% |
| Price to Book Value | 6.08 |
ROE
62.87%
ROCE
58.40%
Debt/Equity
1.04
RoNW
39.94%
PAT Margin
16.53%
EBITDA Margin
27.68%
Price to Book Value
6.08
Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) |
|---|---|---|---|---|---|
| Riddhi Display Equipments Limited | 3.24 | 3.24 | 19.42 | 16.18 | |
| Ice Make Refrigeration Limited | 14.72 | 14.72 | 81.36 | 48.14 | 18.09 |
Company NameRiddhi Display Equipments Limited
EPS (Basic)3.24
EPS (Diluted)3.24
NAV (per share) (Rs)19.42
P/E (x)
RoNW (%)16.18
Company NameIce Make Refrigeration Limited
EPS (Basic)14.72
EPS (Diluted)14.72
NAV (per share) (Rs)81.36
P/E (x)48.14
RoNW (%)18.09
IPO Reservation
| Market Maker Shares Offered | 1,23,600 (5.01%) |
| QIB Shares Offered | 25,200 (1.02%) |
| NII (HNI) Shares Offered | 11,55,600 (46.82%) |
| − bNII > ₹10L | 7,70,400 (31.21%) |
| − sNII < ₹10L | 3,85,200 (15.61%) |
| Retail Shares Offered | 11,64,000 (47.16%) |
| Total Shares Offered | 24,68,400 (100.00%) |
Market Maker Shares Offered
1,23,600 (5.01%)
QIB Shares Offered
25,200 (1.02%)
NII (HNI) Shares Offered
11,55,600 (46.82%)
− bNII > ₹10L
7,70,400 (31.21%)
− sNII < ₹10L
3,85,200 (15.61%)
Retail Shares Offered
11,64,000 (47.16%)
Total Shares Offered
24,68,400 (100.00%)
Information about 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:
As on August 31, 2025, the company has 55 employees on its payroll.
Competitve Strengths:
Disclaimer
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