214  Total SME IPOs listed in 2025

9,804.70 Crs.  Total funds raised in 2025

145  SME IPOs listed with Gain in 2025

69  SME IPOs listed with loss in 2025

214  Total SME IPOs listed in 2025

9,804.70 Crs.  Total funds raised in 2025

145  SME IPOs listed with Gain in 2025

69  SME IPOs listed with loss in 2025

214  Total SME IPOs listed in 2025

9,804.70 Crs.  Total funds raised in 2025

145  SME IPOs listed with Gain in 2025

69  SME IPOs listed with loss in 2025

214  Total SME IPOs listed in 2025

9804.70 Crs.  Total funds raised in 2,025.00

145  SME IPOs listed with Gain in 2025

69  SME IPOs listed with loss in 2025

Riddhi Display Equipments IPO Review

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Riddhi Display IPO Date
  • IPO Open Date:
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  • IPO Close Date:
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  • IPO Allotment Date:
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  • Tentative Refund Date:
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  • IPO Listing:
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Check Riddhi Display IPO GMP

Riddhi Display IPO Overview

Sector Update

The market share of Capital goods industry in India is expected to increase from US$ 52.98 billion in 2022 to US$ 125 billion by 2027, implying a robust CAGR of 11.68%

Growth drivers

State subsidies and incentives have played a key role in industry’s development

Privatisation of capital goods industry in major countries have improved competitiveness

Strong government focus imminent for development of capital goods industry 

Financial Update:
(comparison of FY25 and FY26 )
Revenue ₹25.03 cr ₹33.66 cr (+34.48%)
PAT ₹5.62 cr ₹8.01 cr (+42.53%)
PAT Margin 22.45 % 23.80 % (+6.01%)
EBITDA ₹6.91 cr ₹3.18 cr (-53.98%)
EBITDA Margin 27.61 % 28.34 % (+2.64%)
ROE 54.25 % 21.60 % (-60.18%)
ROCE 58.40 % 17.50 % (-70.03%)
D/E 1.04 0.70 (-32.69%)
Business Diversification

The products manufactured by Riddhi DIsplay Equipments can be classified under following business verticals, viz.:
1. Display Counters - - Under this vertical the Company manufactures and supplies various display counters.
2. Commercial Kitchen Equipments - Under this vertical the Company manufactures and supplies commercial kitchen equipments.
3. Commercial Refrigeration Equipments – Under this vertical the Company manufactures and supplies Commercial Refrigeration Equipments to Restaurants, Bakeries, Sweet Shops, Ice Cream/Dairy Industry etc.

IPO Valuation

PE Ratio: 14.40x Average Sector PE Ratio: 18.46x

Riddhi Display IPO Reservation

Riddhi Display IPO Share Allocation
Riddhi Display IPO Lot Size
Application Lot Shares Amount

Interesting facts about IPO

IPO Size: ₹ 24.68 Cr.

Avg IPO Size (Sector Based):

₹ 36.34 cr.


SME IPO so far in this sector:

55

Merchant Banker: Jawa Capital

SME IPO by BRLM so far:

7


SME IPO so far in this city:

34

PE Ratio: 14.40

Average Sector PE Ratio:

18.46 X

Price Band (Upper): ₹ 100.00

Listing Price:

₹ [●]

Business Profile

Riddhi Display Equipments is engaged in the business of manufacturing and supply of Display Counter, Kitchen Equipments and Refrigeration Equipments. The Company carries its operations from its manufacturing facility located at Plot No.1, Survey No.2/1 P4/P2, National Highway-27 Gondal Highway, Village Bhojpara, Rajkot, Gondal, Gujarat 360311. The Company is ISO 9001:2015 certified and is led by an experienced board of directors, and a professional and experienced management team with extensive experience manufacturing of Display counters, Refrigeration Equipments and Kitchen Equipment. Further the company has obtained an ETL Certification as an “Authorization of Mark” in accordance with the Statndards of Export in USA and Canada.The Company is primarily engaged in creating innovative and tailormade solutions for commercial kitchen and bakery setup requirements. The Company offers customized display equipment for Sweet, Bakery, Namkeen, Fast-food, Chat, Dry Fruit, Snacks, Panipuri (Gol Gappa), Sweet Corn, Ice-cream and Shrikhand. The products manufacture by them are supplied to Restaurants, Food Courts, Cafes, Retail Shops, Super Markets, Ice Cream Parlours, Cake & Pastry Shops, etc

Strengths and Challenges as per DRHP

Strengths Image
  • Experienced Promoters and qualified technical team
  • Providing customized solutions with a focus on after sales service
  • Catering to clients from diverse sectors and industries
Strengths Image
WEAKNESSES Image
  • Requirement of certain approvals and licenses in the ordinary course of business and are required to comply with certain rules and regulations to operate business.
  • The business is subject to a variety of safety, health and environmental laws, labour, and workplace related laws and regulations
  • Generating a significant percentage of revenue from few clients
  • The Company has reported certain negative cash flows from its Operating activity, investing activity and financing activity in the past
Strengths Image
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Comparison of Riddhi Display IPO with some Listed peers/Listing Gains in the Similar sector

Select Listed IPO for Comparison:
Basis
Riddhi Display IPO
vs
vs
vs

IPO Date
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IPO Size
₹ 24.68 Cr.

Total Assets
₹ 36.63 Cr.

Revenue
₹ 33.66 Cr.

PAT
₹ 8.01 Cr.

PAT Margin
23.80 %

Leverage Ratio
0.70 x

PE Multiple
14.40 x

EV/EBITDA
9.93 x

Notes:
1) All the above data is at the time of IPO
2) Revenue and Pat is taken on annualised basis

Riddhi Display IPO Objectives (Objects of Offer) and expected Utilisation

Capital expenditure towards interior work and for purchase of new equipment/machineries for setting up of Manufacturing Unit at Lucknow, Uttar Pradesh
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Track Record of (Merchant Banker)/merchant Banker Report

Jawa Capital Services Private Limited, based in New Delhi is the Lead Manager (BRLM) of Riddhi Display IPO. Jawa Capital Services Private Limited has handled (17) SME IPOs till date of which (76%) of the SME IPOs have been listed with listing gains. Read full review of Jawa Capital Services Private Limited .

Read more details of this IPO

Peer Companies Of This Sector

FAQs

Riddhi Display Equipments IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on Riddhi Display Equipments Financial Review Page

Riddhi Display Equipments IPO subscription was X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

Riddhi Display Equipments IPO listed at a listing price of against the offer price of 100.00.

The current market price of Riddhi Display Equipments is .

Services

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