The Riddhi Display Equipments Ltd IPO has drawn investor attention as one of the notable SME listings in 2025. Operating in India’s fast-growing kitchen and display equipment manufacturing sector, the company’s strong revenue growth, high margins, and improved financial health have generated significant interest among investors. Although the Grey Market Premium (GMP) remained modest, the company’s fundamentals suggest a steady long-term growth outlook.
With India’s food and hospitality equipment demand on the rise, this IPO provides investors exposure to the capital goods sector through a fundamentally solid SME player.
About the Company
Riddhi Display Equipments Ltd, established in 2006, specializes in manufacturing display counters, kitchen, and refrigeration equipment used in restaurants, hotels, bakeries, and retail stores. The company serves a wide customer base across India and exports selected products abroad.
Key Highlights:
- Over 18 years of operational experience
- Strong technical and marketing teams
- Focus on product innovation and after-sales service
- Consistent revenue and profit growth driven by expansion and modernization
Riddhi Display Equipments IPO Details
| Particulars | Details |
|---|---|
| IPO Open Date | September 24, 2025 |
| IPO Close Date | September 26, 2025 |
| Price Band | ₹95 – ₹100 per share |
| Face Value | ₹10 per share |
| Lot Size | 1,200 shares |
| Minimum Investment (Retail) | ₹1,20,000 |
| Issue Size | ₹24.68 crore (entirely fresh issue) |
| Allotment Date | September 29, 2025 |
| Refunds/Credit to Demat | September 30, 2025 |
| Listing Date | October 1, 2025 |
| Listing Exchange | BSE SME Segment |
| Registrar | Maashitla Securities Private Limited |
Grey Market Premium (GMP)
The Riddhi Display Equipments IPO GMP remained steady at around ₹1 during the days leading up to allotment and listing.
| Date | GMP (₹) | Trend |
|---|---|---|
| 25 Sept 2025 | ₹1 | Stable |
| 26 Sept 2025 | ₹1 | Neutral |
| 30 Sept 2025 | ₹1 | Steady before listing |
Estimated Listing Price: Around ₹101 per share
Expected Listing Gain: ~1%
While the GMP suggests limited listing-day excitement, the company’s strong financial performance and steady business model make it appealing for investors with a medium to long-term view.
Financial Summary
Riddhi Display Equipments Ltd has reported strong growth in both revenue and profitability over recent years.
| Financial Year | Revenue Growth | EBITDA Margin | PAT Margin | ROE | Debt-to-Equity |
|---|---|---|---|---|---|
| FY2024 | +33% | 26.12% | 15.28% | 16.90% | 1.21 |
| FY2025 | +33% (YoY) | 27.68% | 16.53% | 17.79% | 1.04 |
Key Takeaways:
- Profit after tax up 105% YoY in FY2025
- Improved balance sheet with lower leverage
- Strong operational efficiency and healthy margins
Strengths
- Experienced management team with industry expertise
- Consistent financial growth and profitability
- Expanding domestic and export customer base
- Focused on energy-efficient, quality products
- Strong demand from the hospitality and retail sectors
Risks
- Limited brand visibility compared to large equipment manufacturers
- SME segment listing may face low liquidity post-listing
- Business growth sensitive to economic cycles and capital expenditure trends
Expert Review
Analysts across platforms such as Chittorgarh, Moneycontrol, and InvestorZone have noted that while GMP is modest, the company’s financial stability, profitability, and low debt levels make it a fundamentally strong SME IPO.
- Valuation: Reasonably priced considering growth and margins
- Market Sentiment: Neutral to Positive
- Investor Type Fit: Long-term and risk-aware investors in SME space
Expert Verdict: “Apply for Long-Term Potential. Listing gains may be limited, but fundamentals are sound.”
Conclusion
The Riddhi Display Equipments IPO presents a steady and fundamentally robust opportunity for investors looking to diversify into India’s capital goods and kitchen equipment manufacturing sector. While the GMP indicates limited short-term excitement, its consistent revenue growth, improved margins, and efficient management make it a solid Apply for Long-Term Investment case.
✅ Verdict: Apply for Long-Term Growth (Neutral for Listing Gains)
FAQs
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What is the GMP of Riddhi Display Equipments IPO today?
The current GMP is around ₹1, suggesting a neutral listing with minimal premium.
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Is Riddhi Display Equipments IPO good for long-term?
Yes, due to strong revenue growth, high margins, and improved balance sheet.
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What are the allotment and listing dates of Riddhi Display Equipments IPO?
Allotment finalized on September 29, 2025, and listing on October 1, 2025.
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What is the IPO price band and lot size?
Price band is ₹95–₹100 per share, and lot size is 1,200 shares.
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On which exchange will the shares list?
The IPO will list on the BSE SME Segment.
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How can investors check allotment status?
Allotment can be checked online on Maashitla Securities, BSE, or NSE IPO portals using PAN or application number.
