RIDDHI
Riddhi Display Equipments IPO, a SME IPO was listed on the exchange on December 15, 2025. The price band is set between ₹95 –100 , with a face value of ₹10 . Retail investors can apply with a minimum of 2 lots, each comprising 1,200 shares — amounting to ₹240,000 at the upper price.
Riddhi Display Equipments IPO has been successfully listed on the exchange. Track the listing performance, current stock price, and post-listing trends. This information is for education only—not investment advice.
Riddhi Display Equipments IPO SME Important Dates
Get important updates regarding Riddhi Display Equipments IPO SME tentative timeline covering IPO opening, closing, basis of allotment, refunds, demat credit, and listing dates. Dates are updated as soon as they are announced.
Listing day gain
-24%
Issue
₹100
Open Date
Dec 08
Close Date
Dec 10
Allotment
Dec 11
Listing
Dec 15
Issue Size
2,468,400 shares
(aggregating up to ₹25.00 Cr)
Issue Price
₹95 – ₹100
Face Value
₹10/share
Market Lot
1,200 shares
Retail Min Investment
₹240,000
Listing At
BSE
Sale Type
fresh issue
Fresh Issue
2,344,800 shares
(aggregating up to ₹23 Cr)
Reserved for Market Maker
123,600 shares
(aggregating up to ₹1.24 Cr)
Issue Type
book building
Last updated: 3 months ago
| Date | IPO Issue Price (₹) | GMP (₹) | Est. Listing Price (₹) | Est. Profit Amount (₹) | Est. Profit % | Last Updated |
|---|---|---|---|---|---|---|
| 09 Dec 2025 Latest | ₹100 | ₹0 | ₹100 | ₹0 |
0%
|
4:26 PM |
| 08 Dec 2025 | ₹100 | ₹0 | ₹100 | ₹0 |
0%
|
6:22 PM |
Latest snapshot: Dec 10, 2025
| Category | Subscribed (x) | No. of Applications |
|---|---|---|
| QIB | 2.19x | — |
| NII | 1.92x | — |
| bNII (bids above ₹10L) | 1.59x | — |
| sNII (bids below ₹10L) | 2.57x | — |
| Retail Investors | 7.95x | — |
| Total | 4.91x | — |
Mr. Shailehsbhai Ratibhai Pipaliya, Mrs. Hansaben Shailehsbhai Pipaliya, and Mr. Jay Shailehskumar Pipaliya are the promoters of the company.
IPO investment limits, also referred to as application limits or bidding limits, define the minimum and maximum number of shares, lots, and investment amount that investors can apply for in an IPO based on their category (Retail, HNI, or Institutional). These limits are calculated as per SEBI guidelines and help ensure fair distribution of shares. Retail investors typically have lower minimum and maximum limits compared to High Net Worth Individuals (HNI) and Non-Institutional Investors (NII). Understanding IPO application limits is essential for investors to determine how much they can invest, calculate the number of lots they can apply for, and plan their investment strategy accordingly. The investment limits table shows the lot size, number of shares, and total amount in rupees for each investor category.
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 2,400 | ₹240,000 |
| Retail (Max) | 1 | 1,200 | ₹120,000 |
| S-HNI (Min) | 3 | 3,600 | ₹360,000 |
| S-HNI (Max) | 8 | 9,600 | ₹960,000 |
| B-HNI (Min) | 9 | 10,800 | ₹1,080,000 |
The IPO reservation structure, also known as share allocation breakdown, details how the total issue size is distributed among different investor categories as mandated by SEBI (Securities and Exchange Board of India) regulations. This reservation table shows the exact percentage and number of shares allocated to Qualified Institutional Buyers (QIB), Retail Individual Investors (RII), High Net Worth Individuals (HNI), Non-Institutional Investors (NII), and other reserved categories like employees and shareholders. Understanding IPO reservation percentages is crucial for investors to evaluate their probability of share allotment, as each category has different subscription levels and competition. The maximum allottees column indicates the cap on the number of investors who can receive shares in each category, helping you assess the likelihood of getting an allotment based on your investor category.
| Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 123,600 (5.01%) |
| QIB Shares Offered | 25,200 (1.02%) |
| NII (HNI) Shares Offered | 1,155,600 (46.82%) |
|
•
bNII > ₹10L
|
770,400 (31.21%) |
|
•
sNII < ₹10L
|
385,200 (15.61%) |
| Retail Shares Offered | 1,164,000 (47.15%) |
| Total Shares Offered | 2,468,400 (100.00%) |
Riddhi Display Equipments is a Gujarat-based manufacturer specializing in innovative display solutions for the food and hospitality sectors. They design and supply everything from sweet display counters and bakery showcases to heavy-duty commercial kitchen and refrigeration equipment.
Strengths:
The company’s core strength lies in its customization capability; they don't just sell equipment but design tailor-made layouts for cafes, sweet shops, and hotels to maximize space and efficiency. They have a well-established manufacturing unit in Gondal, Gujarat, which is ISO 9001:2015 certified, ensuring high-quality standards. Additionally, their experienced promoter group has over three decades of technical expertise in the refrigeration industry, and their diverse client base (ranging from local bakeries to large food courts) provides a stable revenue stream across different market segments.
Growth:
Riddhi is aggressively expanding its footprint by setting up a new manufacturing and assembly unit in Lucknow, Uttar Pradesh, to cater to the growing North Indian market. They are also investing in the upgradation of their Gondal facility with advanced machinery and software to improve production efficiency. With the Indian hospitality and QSR (Quick Service Restaurant) sector booming, the company is focusing on product innovation, such as energy-efficient refrigerators and smart display cabinets, to capture a larger market share. Their recent transition to a public limited company signals a shift toward larger-scale operations and institutional growth.
Standalone · ₹ in Crores
| Particulars | FY 2023 | FY 2024 | FY 2025 Latest |
|---|---|---|---|
| Total Revenue | 17.54 | 18.9 |
25.09
↑ 32.8%
|
| Profit After Tax (PAT) | 0.21 | 2.02 |
4.14
↑ 105.0%
|
| EBITDA | 1.08 | 3.77 |
6.93
↑ 83.8%
|
| Total Assets | 17.01 | 19.15 |
32.34
↑ 68.9%
|
| Net Worth | 1.17 | 3.21 |
10.36
↑ 222.7%
|
| Reserves & Surplus | 0.91 | 2.93 |
4.19
↑ 43.0%
|
| Total Borrowing | 6.65 | 8.1 |
10.79
↑ 33.2%
|
Revenue & Profit Trend
The Riddhi Display Equipments IPO is expected to open in December, 2025, subject to SEBI approval. Final dates will be updated once announced officially.
The price band for Riddhi Display Equipments IPO is ₹95.00 - ₹100.00 per share.
As per market sources, Riddhi Display Equipments IPO GMP is tracked daily in the grey market. GMP indicates unofficial demand but does not guarantee listing gains.
The subscription status for Riddhi Display Equipments IPO stands at 4.91x overall.
The listing date for Riddhi Display Equipments IPO is December 15, 2025.
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