Riddhi Display Equipments Limited has successfully completed its Initial Public Offering (IPO) on December 11, 2025, allotting 24,68,400 equity shares. The company’s shares commenced trading on the BSE SME Platform (EMERGE) on December 15, 2025. This milestone marks a significant step in the company’s growth strategy, providing enhanced visibility and access to capital markets.
IPO Success and Market Debut
Riddhi Display Equipments Limited announced the successful completion of its Initial Public Offering (IPO) on December 11, 2025. Through this offering, the company allotted 24,68,400 equity shares, each with a face value of ₹10, at an issue price of ₹100 per share, including a premium of ₹90 per share. The IPO, which was open for subscription from December 8 to December 10, 2025, aimed to raise funds for the company’s expansion and operational needs.
The company’s equity shares officially began trading on the SME Platform (EMERGE) of the Bombay Stock Exchange of India Limited (BSE) on December 15, 2025. This listing is expected to enhance the company’s profile and provide greater liquidity for its shareholders.
Financial Highlights
For the financial year ended March 31, 2026, Riddhi Display Equipments Limited reported a total revenue of ₹2909.62 lakhs, an increase from ₹2503.30 lakhs in the previous year. The net profit after tax for FY 2025-26 stood at ₹425.66 lakhs, compared to ₹413.88 lakhs in FY 2024-25. Earnings per share remained steady at ₹7.04 for both periods.
Strategic Developments
The company’s authorized share capital remains at ₹10 crore, divided into 1,00,00,000 equity shares of ₹10 each. The issued, subscribed, and paid-up share capital as of March 31, 2026, stands at ₹8.64 crore, represented by 86,39,989 equity shares.
In a significant move, the company converted an unsecured loan of approximately ₹2.85 crore from promoters into 2,93,565 equity shares. Additionally, bonus shares amounting to approximately ₹5.43 crore were issued to existing shareholders, reflecting a strategic effort to strengthen the equity base.
The Board of Directors has decided not to recommend any dividend for the financial year ended March 31, 2026.
Corporate Governance and Outlook
The company is committed to good corporate governance. The Board of Directors comprises experienced professionals, including the Managing Director, Shaileshbhai Ratibhai Pipaliya. The company also announced the appointment of M/s. H Togadiya & Associates as Secretarial Auditors for a period of five consecutive years from FY 2026-27 to FY 2030-31, subject to shareholder approval.
The company’s manufacturing facilities in Rajkot, Gujarat, are ISO 9001:2015 and CE certified. Key strengths include a wide range of products, established manufacturing, an experienced technical team, and a strong marketing presence.
Source: BSE
