Riddhi Display Equipments Stocks to List Today. This is what GMP indicates

Riddhi Display Equipments Stocks to List Today. This is what GMP indicates

Riddhi Display Equipments will debut on the BSE SME platform on Monday, but the gray market signals a cautious start. The IPO is currently trading at a GMP of zero, suggesting expectations of a flat quotation around the issue price of Rs 100 per share.The public issue of Rs 24.68 crore was all new, with the company offering 24.68 lakh shares in the market. The IPO received a moderate response and closed with a total subscription of 4.91 times. Retail investors showed the greatest interest, subscribing almost eight times, while non-institutional investors bid 1.92 times. Qualified institutional buyers subscribed 2.19 times, reflecting selective participation from institutions rather than aggressive demand.

Riddhi Display Equipments is engaged in manufacturing and supplying counters, commercial kitchen equipment and refrigeration equipment. The products are widely used in restaurants, cafes, shops, supermarkets, hotels, hospitals and institutional kitchens.Over the years, the company has built a presence by offering tailor-made solutions tailored to specific customer requirements, with an emphasis on sustainability, cost-efficiency and after-sales support.

The company operates a manufacturing facility in Gondal, Gujarat, equipped with modern machinery and supported by a team of skilled engineers. Management says its in-house design capabilities and flexible manufacturing processes allow it to meet diverse customer needs while maintaining quality standards.


As of August 2025, Riddhi Display Equipments employed 55 people, reflecting a lean business structure typical of SME manufacturers.

Financial performance has steadily improved in recent years. For FY25, the company reported revenues of Rs 25.09 crore, up 33% from the previous year, while profit after tax more than doubled to Rs 4.14 crore. Profitability has improved due to better cost management and a greater share of tailor-made value-added products. Proceeds from the IPO are expected to be used primarily for working capital needs and general corporate purposes, allowing the company to support its growing order book and streamline operations.

Investors will be keeping a close eye on how the stock trades once it goes public, and whether the company can maintain its recent growth momentum in a competitive manufacturing environment.

(Disclaimer: Recommendations, suggestions, views and opinions expressed by the experts are their own. These do not represent the views of the Economic Times)

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