Riddhi Display Equipments IPO
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Riddhi Display Equipments IPO details
Schedule of Riddhi Display Equipments
| Issue open date | 08 Dec 2025 |
| Issue close date | 10 Dec 2025 |
| UPI mandate deadline | 10 Dec 2025 (5 PM) |
| Allotment finalization | 11 Dec 2025 |
| Refund initiation | 12 Dec 2025 |
| Share credit | 12 Dec 2025 |
| Listing date | 15 Dec 2025 |
| Mandate end date | 25 Dec 2025 |
| Lock-in end date for anchor investors (50%) | 10 Jan 2026 |
| Lock-in end date for anchor investors (remaining) | 11 Mar 2026 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Riddhi Display Equipments
Riddhi Display Equipments is primarily engaged in creating innovative and tailor-made solutions for commercial kitchen and bakery setup requirements. The company manufactures customised display equipment for sweet, bakery, savoury, fast-food, chaat, dry fruit, snacks, panipuri, sweet corn, ice-cream and shrikhand sectors. Products are supplied to restaurants, food courts, cafes, retail shops, supermarkets, ice cream parlours, and cake & pastry shops. The company operates three main business verticals: Display Counters, Commercial Kitchen Equipment, and Commercial Refrigeration Equipment.
Financials of Riddhi Display Equipments
Issue size
| Funds Raised in the IPO | Amount |
| Total issue size | 24.68 |
| Fresh Issue – Proceeds go to the company | 24.68 |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Capital expenditure for manufacturing and assembly unit at Lucknow, Uttar Pradesh | 4.96 (20.09%) |
| Capital expenditure for upgradation of existing manufacturing unit at Gondal | 3.79 (15.35%) |
| Capital expenditure for setting up showroom at Gondal, Rajkot | 1.42 (5.7%) |
| Funding working capital requirements | 9.74 (39.4%) |
| General corporate purposes and miscellaneous | 4.77 (19.3%) |
Strengths
- ISO 9001:2015 certified manufacturing facility ensuring quality standards
- Customised solutions tailored to specific client requirements across multiple food service segments
- Established manufacturing base in Gujarat with plans for geographical expansion to Uttar Pradesh
- Diverse product portfolio covering display counters, kitchen equipment, and refrigeration solutions
- Strong promoter holding with an experienced management team in the industry
- Growing demand from the expanding food service and retail sectors in India
Risks
- Dependence on a few major customers for a significant portion of revenue
- Manufacturing operations are concentrated in a single facility, making the business vulnerable to disruptions
- Various regulatory approvals and licences are pending for existing and proposed facilities
- Subject to environmental, safety, and labour compliance requirements across multiple jurisdictions
- Limited geographical presence compared to larger competitors in the capital goods sector
Allotment Status for Riddhi Display Equipments
To check your IPO allotment status:
- Visit the Maashitla Securities IPO Application Status page.
- Select the company name from the dropdown menu.
- Select and enter one of the following: PAN, Application Number, DP/Client ID, or Account Number/IFSC.
- Click Submit to view your allotment status.
Subscription Figures for Riddhi Display Equipments
As per media reports (Link), the Grey Market Premium (GMP) of Riddhi Display Equipments is reported at ₹0 over the IPO price. This metric is not reliable, and to track IPO interest, it is better to check subscription numbers published by exchanges, which are considered more reliable indicators.
Subscription numbers as of 5:00 PM on December 10, 2025:
| Category | Reserved (lakhs) | Applied (lakhs) | Subscription (X times) |
|---|---|---|---|
| Institutional | 0.25 | 0.55 | 2.19x |
| NII | 12.79 | 23.39 | 1.83x |
| Retail | 11.64 | 92.50 | 7.95x |
| Total | 24.68 | 116.44 | 4.72x |