Riddhi Display Equipments Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the Riddhi Display Equipments Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
IPO Snapshot
Key metrics and details at a glance.
Price Band
₹100
Per ShareLot Size
1200 Shares
Minimum Investment
₹1,20,000
Issue Size
₹24.68 Cr
Face Value
₹10
Per ShareIPO Type
Book Building - SME
Retail Quota
35%
QIB Quota
50%
NII Quota
15%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Riddhi Display Equipments Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
99.99%
Promoter Holding (Post-Issue)
71.43%
Issue Type
Book Building - SME
ISIN
INE1DKT01011
About the Company
Our Company is primarily engaged in creating innovative and tailormade solutions for commercial kitchen and bakery setup requirements. Our 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 us are supplied to Restaurants, Food Courts, Cafes, Retail Shops, Super Markets, Ice Cream Parlours, Cake & Pastry Shops, etc.
Industry Overview
The commercial refrigeration market in India is on an impressive growth trajectory and is poised to double from its current valuation of Rs 4,500 - Rs 5,000 crore to Rs 10,000 crore by FY28. This surge is fuelled by the rising demand for food safety and quality, making commercial refrigeration indispensable to the food industry. The sector's rapid expansion offers exciting opportunities for innovation and growth. The country's commercial refrigeration equipment market generated revenue of $1,226.4 million in 2023 and is expected to reach $2,110 million by 2030. It is expected to grow at a CAGR of 8.1 per cent from 2024 to 2030. In terms of segment, other equipment was the largest revenue generating product in 2023. Refrigerators and freezers is the most lucrative product segment registering the fastest growth during the forecast period. In terms of revenue, India accounted for three per cent of the global commercial refrigeration equipment market in 2023. Country-wise, the United States is expected to lead the global market in terms of revenue in 2030. In Asia Pacific, the Chinese commercial refrigeration equipment market is projected to lead the regional market in terms of revenue in 2030, while India is the fastest growing regional market in Asia Pacific.
Company History
Our Company was originally incorporated as `Riddhi Display Equipments Private Limited, a private limited company, under the Companies Act, 1956, with a certificate of incorporation issued under the hand of the Assistant Registrar of Companies, Gujarat, Dadar and Nagar Haveli dated on January 12, 2006. Subsequently, our Company was converted from a private limited company into a public limited company, pursuant to a resolution passed in the extraordinary general meeting of our Shareholders held on October 10, 2024, and consequently, the name of our Company was changed to "Riddhi Display Equipments Limited", and a fresh certificate of incorporation consequent upon conversion from private company to public company dated November 21, 2024, was issued by the Registrar of Companies, Central Processing Centre.
Products & Services
- The Company is primarily engaged in creating innovative and tailormade solutions for commercial kitchen and bakery setup requirements.
Growth Strategy
- Expansion by setting up new unit in Lucknow, Uttar Pradesh.
- Expansion by setting up new Showroom in Gondal, Rajkot.
- Upgradation of existing facilities at Gondal Rajkot.
- Expanding our presence in after sales services.
- Product Innovation and Quality Focus.
- Branding and Market Positioning.
Customer Base
Wholesaler and Retailer
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a standalone basis, as reported for FY23 to FY25.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public issue of up to 24,68,400 equity shares of face value of Rs. 10/- each of Riddhi Display Equipments Limited ("Riddhi" or the "Company" or the "Issuer") for cash at a price of Rs. 100/- per equity share including a share premium of Rs. 90 /- per equity share (the "Issue Price") aggregating to Rs. 24.68 crores ("the Issue"), of which 1,23,600 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 100/- per equity share including a share premium of Rs. 90/- per equity share aggregating to Rs. 1.24 Crores will be reserved for subscription by market maker to the issue (the "Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. net issue of 23,44,800 equity shares of face value of Rs. 10/- each at a price of Rs. 100/- per equity share including a share premium of Rs. 90/- per equity share aggregating to Rs. 23.45 crores is hereinafter referred to as the "Net Issue". The issue and the net issue will constitute 28.57% and 27.14%, respectively, of the post issue paid up equity share capital of the company.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Manufacturers of wide range of Display Counters, Commerical Kitchen Equipments and Commerical refrigeration equipments.
- Well established manufacturing facilities.
- Experienced Promoters and qualified technical team.
- Strong marketing team.
- Providing customized solutions with a focus on after sales service.
- The Report on the Audited Financial Statements for the Period ended October 31, 2024 and Reaudited Financial Statements for the Financial Year ended March 31, 2024 and the Examination Report on the Restated financial statements of the Company for the period ended October 31, 2024 and for the financial years ended March 31, 2024, March 31, 2023 and March 31, 2022, are all signed under same UDIN on same date.
- The Manufacturing Unit proposed to be set up in Lucknow, Uttar Pradesh, is on premises taken on lease.
- The company has only one Manufacturing Facility, continued operations of its manufacturing facility is critical to its business and any disruption in the operation of the company manufacturing facility may have a material adverse effect on its business, results of operations and financial condition.
- Its business is subject to a variety of safety, health and environmental laws, labour, and workplace related laws and regulations. Any failure on its part to comply with these applicable laws and regulations could have an adverse effect on its operations and financial condition.
- The company generate a significant percentage of its revenue from few clients. The loss of any one or more of its major clients would have a material adverse effect on the company business operations and profitability.