Riddhi Display Equipments Limited is engaged in the manufacturing and supply of display solutions, commercial kitchen equipment, and refrigeration systems. The company provides customized, high-quality, and cost-efficient products catering to diverse industries including restaurants, cafes, hotels, hospitals, retail outlets, supermarkets, food courts, bakeries, sweet shops, ice cream parlors, and exhibitions.
Its manufacturing facility at Gondal, Gujarat, is well-equipped with modern infrastructure and managed by skilled technical engineers, ensuring optimized production processes, maximum yield, and controlled costs. The facility is also ISO-certified and supports both domestic and international compliance standards.
📦 Product Portfolio:
- Display Counters: Bakery, fast food, chat, sweet, namkeen, ice cream, and restaurant counters widely used in food & retail businesses.
- Commercial Kitchen Equipment: Includes bulk kitchen setups, cooking ranges, dish & pot washing systems, preparation tables, bakery setups, exhaust hoods, and catering equipment.
- Commercial Refrigeration Equipment: Covers refrigerators, freezers, and other cooling solutions designed for hotels, restaurants, dairies, and sweet shops.
As of August 31, 2025, the company employed 55 people across operations, reflecting its mid-sized but growing structure.
Riddhi Display Equipments IPO – Details
| IPO Opening Date | 24 September 2025 |
| IPO Closing Date | 26 September 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue: 24,68,400 Shares Worth ₹24.68 Crore Fresh Issue: 24,68,400 Shares Worth ₹24.68 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹95 – ₹100 per share |
| Market Lot | 1200 Shares |
| Min Order | 1200 Shares [ 1 Lot ] |
| Listing At | BSE SME |
| Registrar | Maashitla Securities Pvt.Ltd. |
| QIB Shares Offered | 50% |
| NII Shares Offered | 15% |
| Retail Shares Offered | 35% |
Riddhi Display Equipments IPO – Date Schedule
| IPO Open Date | 24 September 2025 |
| IPO Close Date | 26 September 2025 |
| Basis of Allotment | 29 September 2025 |
| Initiation of Refund | 30 September 2025 |
| Credit of Shares to Demat | 30 September 2025 |
| IPO Listing Date | 01 October 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 26, 2025 |
Riddhi Display Equipments IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| 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 | ₹3,60,000 |
| B-HNI (Min) | 9 | 10,800 | ₹10,80,000 |
Competitive Strength
- Experienced Promoters and qualified technical team.
- Consistent delivery of quality products.
- Providing customized solutions with a focus on after sales service.
- Well established manufacturing facilities.
- Strong marketing Team.
- Catering to clients from diverse sectors and industries.
Company Promoters
- Mr. Shailehsbhai Ratibhai Pipaliya
- Mrs. Hansaben Shailehsbhai Pipaliya
- Mr. Jay Shailehskumar Pipaliya
Company Financials
| Period | Total Revenue | Total Expense | Profit After Tax | Total Borrowings |
|---|---|---|---|---|
| 31 March 2023 | ₹17.54 Cr | ₹17.32 Cr | ₹0.21 Cr | ₹0.91 Cr |
| 31 March 2024 | ₹18.90 Cr | ₹16.18 Cr | ₹2.20 Cr | ₹2.93 Cr |
| 31 March 2025 | ₹25.09 Cr | ₹19.46 Cr | ₹4.14 Cr | ₹4.19 Cr |
| 31 July 2025 | ₹11.23 Cr | ₹8.56 Cr | ₹2.00 Cr | ₹6.19 Cr |
Key Performance Indicator
| KPI | Values |
|---|---|
| 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 | 17.42 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 6.71 | 6.95 |
| P/E (x) | 14.91 | 14.40 |
Object Of The Issue
| Objects of the Issue | Expected Amount (in Crore) |
|---|---|
| Capital expenditure towards interior work and for purchase of new equipment/machineries for setting up of Manufacturing cum assembly Unit at Lucknow, Uttar Pradesh. | ₹4.97 |
| Capital expenditure towards purchase of new equipment/machineries/softw are etc. for upgradation of existing Manufacturing Unit of the Company located at Gondal, Rajkot. | ₹3.79 |
| Capital expenditure towards setting up of Showroom at Gondal, Rajkot. | ₹1.43 |
| Funding working capital requirements. | ₹9.74 |
| General Corporate Purposes. | – |
✅Strengths
- Wide product range in display counters, kitchen & refrigeration equipment.
- Custom-made solutions with ISO & international certifications.
- Experienced promoters & skilled team.
- Strong financial growth & profit margins.
- Growing demand in retail, food & hospitality sectors.
⚠️Risks
- Working capital heavy business with cash flow pressure.
- Customer concentration – loss of big clients can hurt.
- Tough competition from organized & local players.
- Operations largely in Gujarat, risk of regional dependency.
- Relies on promoters’ expertise & network.
Riddhi Display Equipments IPO Promoter Holding
| Pre Issue Share Holding | 99.99% |
| Post Issue Share Holding | 71.43% |
Riddhi Display Equipments IPO Prospectus
Company Contact Information
| 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/ |
Riddhi Display Equipments IPO Registrar
| Maashitla Securities Pvt.Ltd. Phone: +91-11-45121795-96 Email: investor.ipo@maashitla.com Website: https://maashitla.com/allotment-status/public-issues |
Riddhi Display Equipments IPO Lead Manager(s)
| 1. Jawa Capital Services Pvt.Ltd. |
Riddhi Display Equipments IPO FAQ
| What is Riddhi Display Equipments IPO? Riddhi Display Equipments IPO is an SME IPO. The issue is priced at ₹95 – ₹100 per equity share. The IPO is to be listed on BSE SME. |
| When Riddhi Display Equipments IPO will open? The IPO is to open on 24 September 2025 for QIB, NII, and Retail Investors. |
| What is Riddhi Display Equipments IPO Investors Portion? The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| What is the Riddhi Display Equipments IPO Size? Riddhi Display Equipments IPO size is ₹24.68 Crore. |
| What is Riddhi Display Equipments IPO Minimum and Maximum Lot Size for Retail? The minimum bid is 2400 Shares with ₹2,40,000 amount, while the maximum bid is 2400 Shares with ₹2,40,000. |
| What is the Riddhi Display Equipments IPO Allotment Date? Riddhi Display Equipments IPO allotment date is 29 September 2025. |
| What is the Riddhi Display Equipments IPO Listing Date? Riddhi Display Equipments IPO listing date is 01 October 2025. The IPO is to be listed on the BSE SME. |
