Riddhi Display Equipments Ltd IPO
Consumer Durables
Price Band
₹95 – ₹100
Lot Size
1200
Minimum Bid Quantity
2400
Minimum Investment
₹240000
Issue Size
₹24.68Cr
Opens
2025-12-08
Closes
2025-12-10
Listing
15-12-2025
Subscription Status
Qualified Institutional Buyers
2.19 x
Non-Institutional Investor
1.81 x
Retail Individual Investor
7.66 x
Total
4.57 x
IPO Details
Issue Type
FP
Face Value
₹10
Tick Size
1
ISIN
INE1DKT01011
Pre-Apply Available
No
Daily Bidding Time
10:00:00 - 17:00:00
About the Company
Riddhi Display Equipments is engaged in the manufacturing and supply of display counters, kitchen equipment, and refrigeration equipment. The company primarily focuses on providing customised solutions for commercial kitchens and bakery setups. It offers display equipment for products such as sweets, bakery items, namkeen, fast food, chat, dry fruits, snacks, panipuri (gol gappa), sweet corn, ice cream, and shrikhand. These products are supplied to restaurants, food courts, cafes, retail shops, supermarkets, ice cream parlours, and cake and pastry shops. Overall, the company’s products are organised into three main business verticals: display counters, commercial kitchen equipment, and commercial refrigeration equipment.
Pros
- • The company claims to be committed to delivering high-quality products to its customers. By continuously improving production processes, it has developed products that meet specific customer requirements. The company states that consistent product quality allows it to offer competitive pricing, supported by effective cost optimisation strategies.
- • The company claims to offer tailor-made products based on customer specifications and maintains a strong after-sales service. In addition to providing standardised products that meet industry standards, the company states that it customises solutions according to client requirements, focusing on both quality and meeting customer needs.
- • The company’s manufacturing facility is located in Gondal, Gujarat. The company states that this facility is equipped with the necessary infrastructure to produce high-quality products efficiently and cost-effectively. Production operations are managed by a skilled and qualified technical team with the expertise required to maintain product standards.
Cons
- • The company’s top 5 customers accounted for Rs 6.76 crore (60.23 percent) of the company’s total revenue for the period ended July 31, 2025; Rs 10.41 crore (41.57 percent) in FY25; Rs 7.40 crore (39.24 percent) in FY24; and Rs 5.17 crore (29.48 percent) in FY23. The top customer, alone, accounted for Rs 2.81 crore (20.89 percent) of the company’s total revenue for the period ended July 31, 2025; Rs 3.57 crore (12.04 percent) in FY25; Rs 3.04 crore (16.14 percent) in FY24; and Rs 1.93 crore (11.01 percent) in FY23. The company does not have any long-term agreements with them, and a loss of any of these clients could adversely affect its operations and finances.
- • The company’s top 5 suppliers accounted for Rs 3.03 crore (40.71 percent) of the company’s total purchases for the period ended July 31, 2025; Rs 6.46 crore (34.39 percent) in FY25; Rs 4.15 crore (29.92 percent) in FY24; and Rs 4.27 crore (27.36 percent) in FY23. Any disruption in supplies from one or more of these suppliers could adversely affect the company’s business.
- • The company derives a significant portion of its revenue from Gujarat. The state accounted for Rs 4.52 crore (40.24 percent) of the company’s total revenue for the period ended July 31, 2025; Rs 9.46 crore (37.79 percent) in FY25; Rs 6.69 crore (35.46 percent) in FY24; and Rs 7.72 crore (44.06 percent) in FY23. Furthermore, the company’s sole manufacturing facility is located in Gujarat. Any adverse political, social, or economic developments in the region could hurt the company’s operations and financial condition.
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