The IPO opens on September 24, 2025 and closes on September 26, 2025. Shares are planned to be listed on BSE SME.
Key IPO Details
| Particulars | Details |
|---|---|
| IPO Open Date | September 24, 2025 |
| IPO Close Date | September 26, 2025 |
| Listing Date | October 1, 2025 |
| Face Value | ₹10 per equity share |
| Price Band | ₹95 to ₹100 per share |
| Issue Size | Approx. ₹24.68 Crores |
| Fresh Issue | Approx. ₹24.68 Crores |
| Offer for Sale | – |
| Issue Type | Book Built Issue |
| IPO Listing | BSE SME |
| Retail Quota | Up to 35% |
| QIB Quota | Up to 50% |
| NII (HNI) Quota | Up to 15% |
Market Lot Information
| Category | Lot Size | Shares | Amount (₹) |
|---|---|---|---|
| Retail Minimum | 2 | 2,400 | 2,40,000 |
| Retail Maximum | 2 | 2,400 | 2,40,000 |
| S-HNI Minimum | 3 | 3,600 | 3,60,000 |
| S-HNI Maximum | 8 | 9,600 | 9,60,000 |
| B-HNI Minimum | 9 | 10,800 | 10,80,000 |
Important IPO Dates
| Event | Date |
|---|---|
| IPO Opening | September 24, 2025 |
| IPO Closing | September 26, 2025 |
| Basis of Allotment | September 29, 2025 |
| Refund Initiation | September 30, 2025 |
| Demat Credit | September 30, 2025 |
| Listing Date | October 1, 2025 |
Promoters
- Shailehsbhai Ratibhai Pipaliya
- Hansaben Shailehsbhai Pipaliya
- Jay Shailehskumar Pipaliya
About the Company
To be updated soon
Financial Performance
| Period Ended | Revenue (₹ Cr) | Expense (₹ Cr) | PAT (₹ Cr) | Assets (₹ Cr) |
|---|---|---|---|---|
| 2022 | 15.37 | 15.43 | 0.14 | 15.15 |
| 2023 | 17.54 | 17.32 | 0.21 | 17.01 |
| 2024 | 18.9 | 16.18 | 2.02 | 19.15 |
| October 2024 | 15.64 | 12.15 | 2.61 | 25.51 |
Key Financial Ratios (FY2025)
| KPI | Value |
|---|---|
| ROE | 92.03% |
| ROCE | 57.15% |
| EBITDA Margin | 19.49% |
| PAT Margin | 10.69% |
| Debt to Equity Ratio | 0.01 |
| EPS (Basic) | ₹7.56 |
| P/E Ratio | N/A |
| RoNW | 29.82% |
| Net Asset Value (NAV) | ₹14.78 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW (%) | NAV | Income |
|---|---|---|---|---|---|
| Ice Make Refrigeration Limited | 16.87 | 42.74 | 24.54% | 68.72 | – |
Purpose of the IPO
- Interior work & equipment/machinery for new unit at Lucknow
- Equipment/machinery/software for upgradation at Gondal, Rajkot
- Showroom at Gondal, Rajkot
- Working capital requirements
- General Corporate Purpose
Registrar & Contact Details
Registrar:
Maashitla Securities Pvt.Ltd.
Phone: +91-11-45121795-96
Email: investor.ipo@maashitla.com
Website: https://maashitla.com/allotment-status/public-issues
Lead Manager:
Jawa Capital Services Pvt.Ltd.
Company Address:
Riddhi Display Equipments Ltd.
Plot No.1, Survey No.2/1 P4/P2, National Highway-27 Gondal Highway, Village Bhojpara, Rajkot, Gondal, 360311, Gujarat
Phone: +91–98250 727
Email: info@riddhidisplay.com
Website: https://riddhidisplay.com/
Reviews
The company has shown positive growth in revenue and profitability. Investors may consider for long-term investment, but are advised to research further and consult financial advisors before investing.