A little over 47% of the public float is earmarked for retail investors, while HNIs have access to nearly 47% and only 1% is reserved for QIBs. The minimum retail application size works out to Rs 2.40 lakh at the upper price band for 2,400 shares.
Financial growth
Riddhi Display enters the market after a phase of sharp financial acceleration. Revenue rose 33% in FY25 to Rs 25.09 crore, while profit more than doubled to Rs 4.14 crore. The margin profile also improved meaningfully, with EBITDA margin rising to 27.68% and PAT margin settling at 16.53%.
Company overview
Its product suite covers display counters used by restaurants, bakeries, supermarkets and café chains, along with a wide range of kitchen and commercial refrigeration equipment. Riddhi positions itself on customization, durability and service, supported by an in-house engineering and fabrication team. As of August 2025, the company employed 55 people.
IPO proceeds
The IPO proceeds will be used for multiple expansion projects. A substantial portion is planned for a new manufacturing and assembly unit in Lucknow, while additional funds will be deployed to upgrade the Gondal plant and set up a new showroom in Rajkot. Working capital is another key component, reflecting the company’s dependency on inventory cycles and project-based execution. The balance will go towards general corporate purposes.
The listing on December 15 will be watched for how the market values the company’s high growth momentum, margin expansion and planned capacity additions against the risks of operating in a competitive, order-driven equipment manufacturing space.
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