Riddhi Display Equipments IPO – Complete Detailed Analysis (Dates, Financials, Strengths, Risks & FAQs)
1. Riddhi Display Equipments IPO – Important Dates
| Event | Date |
|---|---|
| IPO Opening Date | 8 December 2025 |
| IPO Closing Date | 10 December 2025 |
| Allotment Date (Tentative) | 11 December 2025 |
| Listing Date (Tentative) | 15 December 2025 |
| Issue Size | ₹24.68 Crore |
| Price Band | ₹95 – ₹100 per share |
| Lot Size | 1,200 shares |
| Minimum Investment | ₹2,28,000 |
| IPO Type | SME IPO |
| Parent Organisation | Riddhi Display Equipments Ltd |
2. Riddhi Display Equipments – Company Overview
Riddhi Display Equipments Ltd is engaged in manufacturing and supplying commercial display counters, kitchen equipment, and refrigeration units.
The company primarily focuses on custom-designed solutions for retail, food processing, dairy, hospitals, hospitality, and other industrial sectors.
Key Company Information
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Founded: 2006
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Managing Director: Mr. Shaileshbhai R. Pipaliya
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Manufacturing Facility: Gondal, Gujarat
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Product Range:
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Display counters
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Ice-cream & dairy equipment
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Food processing units
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Refrigeration systems
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Customized stainless-steel equipment for retail and hospitality industries
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The company has built a reputation for quality craftsmanship, reliable service, and industry-specific solutions.
3. Financial Performance (As per IPO Documents)
Below are the simplified financial highlights observed from the IPO snapshot chart:
Revenue (In ₹ Crore)
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FY23: ₹17.53 Cr
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FY24: ₹18.86 Cr
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FY25: ₹25.03 Cr
Revenue growth is steady and consistent, showing the company’s increasing demand.
Profit After Tax (PAT)
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FY23: ₹0.21 Cr
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FY24: ₹2.02 Cr
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FY25: ₹4.14 Cr
Net Profit has grown almost 20x between FY23 and FY25, which is a strong indicator of improving margins and better operational efficiency.
4. Strengths of Riddhi Display Equipments
✅ 1. Strong Focus on High-Quality Products
The company claims consistent delivery of high-quality equipment tailored to customer needs, helping it maintain strong relationships in the commercial equipment industry.
✅ 2. Expertise in Customized Solutions
Riddhi specializes in customer-specific designing, offering tailor-made solutions that match industry demands. This helps them remain competitive in a fragmented market.
✅ 3. Modern Manufacturing Facility
Located in Gondal, Gujarat, the plant is well-equipped with modern infrastructure, advanced machinery, and skilled technical teams for efficient production.
✅ 4. Wide Market Reach & Diversified Portfolio
Serving multiple industries:
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Dairy
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Ice cream
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Pharmaceuticals
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Retail
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Hospitality
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Food processing
Diverse customers reduce dependency on any single sector.
✅ 5. Impressive Financial Growth
Revenue and PAT have grown significantly over the last 3 years, which strengthens investor confidence.
5. Risks Associated with Riddhi Display Equipments
❌ 1. SME IPO Risk Profile
SME IPOs generally carry higher risk, lower liquidity, and more volatility compared to mainboard IPOs.
❌ 2. Dependent on Gujarat-Based Suppliers
Most raw materials are sourced locally from Gujarat.
Any disruption—labor issues, supply shortages, or natural calamities—may affect production.
❌ 3. Working Capital Intensive Business
The company often faces high raw material procurement costs, inventory holding, and credit cycles, which may strain cash flows.
❌ 4. Customer Concentration
A large portion of revenue comes from top 5 customers, increasing dependency risk.
❌ 5. Regulatory & Environmental Risks
Manufacturing commercial kitchen and refrigeration equipment involves compliance with:
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Environmental standards
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Worker safety
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Industry certifications
Any violation can impact operations.
❌ 6. SME Listing Involves Limited Liquidity
SME stocks frequently have:
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Lower daily volumes
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High price volatility
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Difficulty in exiting large positions
Investors must consider these before applying.
6. FAQs About Riddhi Display Equipments IPO
Q1. What is the IPO issue size?
The total issue size is ₹24.68 Crore.
Q2. What is the lot size?
Minimum lot size is 1,200 shares, requiring ₹2,28,000 minimum investment.
Q3. Can retail investors apply?
Yes, retail and individual investors can apply.
Q4. Where will it be listed?
The IPO will be listed on BSE SME.
Q5. What is pre-apply?
Pre-apply allows investors to submit their application up to 4 days before the IPO opens.
Q6. How will I know if my IPO order is placed?
You will receive a UPI request and allotment update after bidding closes.
Q7. When will listing happen?
Tentatively on 15 December 2025.
7. Conclusion – Should You Apply for Riddhi Display Equipments IPO?
The Riddhi Display Equipments IPO presents a strong business model, consistent growth, and expanding market presence. The company’s focus on customized refrigeration and display solutions, especially for industries like dairy, food processing, and retail, adds long-term growth potential.
Reasons it may appeal to investors:
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Strong revenue & profit growth
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Established brand in display equipment manufacturing
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Diverse industry reach
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Modern manufacturing facility
However, investors should also consider risks:
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SME IPO → high volatility
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Customer concentration
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Working capital pressure
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Supply chain dependence
Final Verdict:
The IPO appears fundamentally stable with strong momentum, suitable for investors who understand SME risks and prefer long-term growth-oriented investments.
Disclaimer (Important)
This article is NOT financial advice.
It is only for educational purposes, based on publicly available information from the screenshots shared.
Please consult your SEBI-registered financial advisor before investing in any IPO.
Tags : Riddhi Display Equipments IPO,ipo price,ipo date,Ipo listing,IPO Lot SIze,About IPO, All about IPO , About Company ,Investment,
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