Riddhi Display Equipments Limited IPO
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Objects of the Riddhi Display Equipments Limited IPO:
Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
1. New Manufacturing Unit, Lucknow, UP (₹4.96 cr)
2. Upgradation of Existing Unit, Gondal, Rajkot (₹3.79)
3. Showroom Setup, Gondal, Rajkot (₹1.43 cr)
4. Working Capital Requirements (₹9.74 cr)
5. General Corporate Purposes
Riddhi Display Equipments Limited IPO Details:
| Total Shares: | 24,68,400 |
| Face Value: | ₹ 10 Per Equity Share |
| Issue Type: | Book Building |
| Issue Size: | 24.68 Cr. |
| Lot Size: | 1200 Shares |
| Issue Price: | ₹ 95-100 Per Equity Share |
| Listing At: | BSE SME |
Promoters And Management:
1. Mr. Shaileshbhai Ratibhai Pipaliya – Chairman & Managing Director: A founding promoter, aged 55, with over 36 years of industry experience. Appointed MD on December 16, 2024, he oversees company operations, leads the management team, and represents the company to investors, clients, and regulators.
2. Mrs. Hansaben Shaileshbhai Pipaliya – Executive Director: A founding promoter, aged 56, with 18+ years of leadership experience. She manages financial operations, contributes to profitability, and plays an active role in sales and marketing to expand market presence.
3. Mr. Jay Shaileshkumar Pipaliya – Executive Director: A promoter and director since July 23, 2024, aged 30, with a B.Tech in Mechanical Engineering. He oversees technical operations, product development, quality control, and drives sales and marketing initiatives to grow the company’s market reach.
Financials of Riddhi Display Equipments Limited IPO:
| Particulars | 4M FY2025-2026 | FY 2024-25 | FY 2023-2024 | FY 2022-2023 |
| Revenue from Operations (Cr) | 11.22 | 25.03 | 18.86 | 17.52 |
| EBITDA (Cr) | 3.19 | 6.92 | 3.76 | 1.08 |
| EBITDA Margins | 28.46% | 27.68% | 19.98% | 6.18% |
| PAT (Cr) | 2 | 4.13 | 2.01 | 0.2 |
| PAT Margins | 17.82% | 16.53% | 10.69% | 1.18% |
| ROCE | 17.50% | 58.40% | 56.15% | 11.26% |
| Debt to Equity Ratio(In Times) | 0.7 | 1.04 | 1.04 | 2.4 |
| Operating Cash Flows | 2.53 | -1.04 | -0.27 | 1.15 |
Comparison With Peers:
| Companies | Revenue (in cr) | EBITDA Margins | PAT Margins | ROCE | D/E Ratio | MCap (in cr) | P/E |
| Riddhi Display equipments Limited | 25.03 | 27.68% | 16.53% | 58.40% | 1.04 | 86.39 | 20.9 |
| Ice Make Refrigeration Limited | 472 | 9% | 3.81% | 20.60% | 0.64 | 1,200 | 66.8 |
| NOTE: Forward P/E is 14.39 according to FY26 PAT | |||||||
Lead Manager of Riddhi Display Equipments Limited IPO:
Registrar of Riddhi Display Equipments Limited IPO:
Discussion on Riddhi Display Equipments Limited IPO:
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