The Riddhi Display SME IPO did not meet market expectations, as indicated by its grey market premium (GMP) of ₹0 per share, which suggested a listing price of around ₹100.
During the three-day bidding period, the Riddhi Display IPO generated significant interest, with an overall subscription of 4.91 times. Retail investors showed the strongest participation, submitting bids 7.95 times the shares allocated to them.
Non-institutional investors (NIIs) subscribed 1.92 times, while qualified institutional buyers (QIBs) received bids 2.19 times their quota.
Riddhi Display successfully completed its public offering and listed on BSE SME on December 15, 2025. The issue opened on December 8 and closed on December 10, with allotment finalized on December 11.
The company aims to use the proceeds from the issue to fund various initiatives, including:
Riddhi Display Equipments produces and supplies a wide range of commercial and display solutions, including display counters, commercial kitchen systems, and refrigeration equipment.
The company caters to a diverse customer base, including retail, hospitality, food service, advertising, and exhibition-oriented sectors.
With a modern facility in Gondal, Gujarat, and a team of experienced technical engineers, Riddhi Display is committed to delivering high-quality products and services to its customers.
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