Riddhi Display Equipments Ltd. is set to launch its Initial Public Offering (IPO) on September 24, 2025, aiming to raise ₹24.68 crore through a fresh issue of equity shares. Below is an overview of the key details:
💰 Issue Details
- Price Band: ₹95 to ₹100 per equity share
- Face Value: ₹10 per share
- Total Shares Offered: 2,468,400
- Issue Size: ₹24.68 crore
- Lot Size: 1,200 shares (minimum investment of ₹1,14,000)
🏢 Company Overview
Established in 1985 and ISO 9001:2015 certified, Riddhi Display Equipments Ltd. is a Rajkot-based manufacturer specializing in display cases for the hotel, café, and bakery industries. The company has expanded its market presence to international locations, including Dubai, Sri Lanka, Australia, and the UK.
🎯 IPO Objectives
The funds raised through this IPO will be utilized for:
- Setting up a manufacturing and assembly unit in Lucknow, Uttar Pradesh
- Upgrading the existing manufacturing unit in Gondal, Rajkot
- Establishing a showroom in Gondal, Rajkot
- Funding working capital requirements
- General corporate purposes
📊 Financial Snapshot (FY 2022–2024)
| Metric | FY 2022 (₹ Cr) | FY 2023 (₹ Cr) | FY 2024 (₹ Cr) |
|---|---|---|---|
| Revenue | 15.37 | 17.54 | 18.90 |
| Profit After Tax | -0.14 | 0.21 | 2.02 |
| Net Worth | 0.70 | 0.91 | 2.93 |
🧾 Shareholding Pattern (Pre- and Post-Issue)
- Pre-Issue:
- Promoter Group: 99.99%
- Public: 0.01%
- Post-Issue:
- Promoter Group: 71.43%
- Public: 28.57%
🧭 Strengths & Risks
Strengths:
- Established manufacturing facilities adhering to international quality standards
- Experienced promoters and a qualified technical team
- Strong marketing and after-sales service capabilities
- Diversified clientele across various sectors
Risks:
- Dependence on a limited number of clients
- Exposure to fluctuations in raw material costs
- Potential delays in the execution of expansion plans
Riddhi Display Equipments Ltd. IPO FAQs
1. What is the IPO price band?
- Price Band: ₹95 to ₹100 per equity share
- Face Value: ₹10 per share
2. How many shares are being offered and what is the issue size?
- Total Shares Offered: 2,468,400
- Issue Size: ₹24.68 crore
3. What is the minimum lot size and investment amount?
- Lot Size: 1,200 shares
- Minimum Investment: ₹1,14,000
4. What is the purpose of the IPO?
Funds will be used for:
- Setting up a manufacturing and assembly unit in Lucknow, Uttar Pradesh
- Upgrading the existing manufacturing unit in Gondal, Rajkot
- Establishing a showroom in Gondal, Rajkot
- Funding working capital requirements
- General corporate purposes
5. What is the listing date of the IPO?
- Listing Date: October 1, 2025
- Allotment Date: September 29, 2025
- Refunds Initiation: September 30, 2025
- Credit of Shares to Demat Accounts: September 30, 2025
6. What is the company’s business?
- Riddhi Display Equipments Ltd. manufactures display counters, commercial kitchen equipment, and refrigeration solutions.
- Established in 2006 and ISO 9001:2015 certified, with presence in Dubai, Sri Lanka, Australia, and the UK.
