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RIDDHI · BSE · Houseware
Riddhi Display Equipments IPO listed on 15 Dec 2025 on BSE at ₹80.00, a loss of 20.00% over the issue price of ₹100.00. The IPO was subscribed 4.91x overall.
Riddhi Display Equipments IPO tentative timeline covering IPO opening, closing, basis of allotment, refunds, demat credit, and listing dates.
| Event | Date |
|---|---|
| IPO Open Date | 08 Dec 2025 |
| IPO Close Date | 10 Dec 2025 |
| Basis of Allotment | 11 Dec 2025 |
| Initiation of Refunds | 12 Dec 2025 |
| Credit of Shares to Demat | 12 Dec 2025 |
| Listing Date | 15 Dec 2025 |
Listing day gain
-20%
Listed at ₹80 (issue ₹100)
Issue
₹100
Listing
₹80
Current
₹76
-24% vs issue
Day range
₹76 – ₹80
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)
Offer for Sale
[.]
Reserved for Market Maker
123,600 shares
(aggregating up to ₹1.24 Cr)
Issue Type
book building
Open Date
08 Dec
Close Date
10 Dec
Allotment
11 Dec
Listing
15 Dec
Last updated: 9 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: 10 Dec 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 | - |
Showing the latest subscription snapshot.
View full subscription historyMr. Shailehsbhai Ratibhai Pipaliya, Mrs. Hansaben Shailehsbhai Pipaliya, and Mr. Jay Shailehskumar Pipaliya are the promoters of the company.
New to lot sizes and investment limits? Read our guide on IPO lot size and minimum investment.
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 2,400 | ₹240,000 |
| Retail (Max) | 2 | 2,400 | ₹240,000 |
| 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 |
Want to understand how IPO shares are divided between investor categories? Read our guide on IPO reservation structure.
| 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 |
|---|---|---|---|
| Total Revenue | 17.54 | 18.9 | 25.09 |
| Profit After Tax (PAT) | 0.21 | 2.02 | 4.14 |
| EBITDA | 1.08 | 3.77 | 6.93 |
| Total Assets | 17.01 | 19.15 | 32.34 |
| Net Worth | 1.17 | 3.21 | 10.36 |
| Reserves & Surplus | 0.91 | 2.93 | 4.19 |
| Total Borrowing | 6.65 | 8.1 | 10.79 |
Revenue & Profit Trend
The basis of allotment for Riddhi Display Equipments IPO was finalised on 11 Dec 2025. You can check your allotment status using your PAN number or application number on the Maashitla Securities Pvt. ltd. portal or BSE.
The Riddhi Display Equipments IPO is expected to open in Dec 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 currently ₹0.00. 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 15 Dec 2025.
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