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Riddhi Display Equipments Ltd
Consumer DurablesIPOSME
₹100 - 100
Our Company is primarily engaged in creating innovative and tailormade solutions for commercial kitchen and bakery setup requirements. Our Company offers customized display equipment for Sweet, Bakery, Namkeen, Fast-food, Chat, Dry Fruit, Snacks, Panipuri (Gol Gappa), Sweet Corn, Ice-cream and Shrikhand. The products manufacture by us are supplied to Restaurants, Food Courts, Cafes, Retail Shops, Super Markets, Ice Cream Parlours, Cake & Pastry Shops, etc.
Lot1,200Min Invest₹2,40,000Face Value₹10Issue Size₹25 CrFresh Issue₹25 CrListing Price₹80CMP₹30
Timeline
8 Dec
Bidding opens
10 Dec
Bidding closes
11 Dec
Allotment
12 Dec
Refund & demat credit
15 Dec
Listing
Subscription
Subscription opens once dates are announced
Reports
Offer Details
Terms
Issue Size₹25 Cr0.25 Cr shares
Fresh Issue₹25 Cr
Face Value₹10
Lot Size1,200 shares
ReservationQIB 50% · NII 15% · RETAIL 35%
Application Sizes
Retail₹2,40,0001-1 lots
sNII₹2,40,000from 2 lots
bNII₹10,80,000from 9 lots
Managers & Registrar
Lead ManagerJawa Capital Services Pvt. Ltd.
RegistrarMaashitla Securities Pvt Ltd
Ownership & Proceeds
Shareholding
CategoryPre IPOPost IPOPromoter Group99.99%71.41%Public0.01%28.59%
Objects of the Issue
- Capital expenditure towards interior work and for purchase of new equipment/machineries for setting up of manufacturing unit at lucknow, Uttar Pradesh.
- Capital expenditure towards purchase of new equipment/machineries/software etc. for upgradation of existing manufacturing unit of the company lacated at Gondal, Rajkot.
- Capital expenditure towards setting up of showroom at Gondal, Rajkot.
- Funding working capital requirement.
- General corporate purpose.
Financials
Profit & Loss
| Financial Year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| RevenueCr | 15 | 18 | 19 | 25 | 29 |
| Operating ProfitCr | 1 | 1 | 4 | 7 | 8 |
| OPM% | 4.8 | 6.1 | 19.8 | 27.5 | 26.5 |
| PBTCr | 0 | 0 | 3 | 6 | 6 |
| PATCr | 0 | 0 | 2 | 4 | 4 |
| EPS | 0 | 0 | 3 | 7 | 5 |
Balance Sheet
| Financial Year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Equity CapitalCr | 0 | 0 | 0 | 6 | - |
| ReservesCr | 1 | 1 | 3 | 4 | - |
| BorrowingsCr | 7 | 7 | 8 | 11 | - |
| Total AssetsCr | 15 | 17 | 19 | 32 | - |
Cash Flow
| Financial Year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Operating Cash FlowCr | 1 | 1 | 0 | -1 | -10 |
| Investing Cash FlowCr | 0 | 0 | 0 | -1 | -8 |
| Financing Cash FlowCr | -1 | -1 | 1 | 2 | 18 |
| Net Cash FlowCr | 0 | 0 | 0 | 0 | 0 |
Strengths & Risks
Strengths · as stated in the DRHP
- Manufacturers of wide range of Display Counters, Commerical Kitchen Equipments and Commerical refrigeration equipments.
- Well established manufacturing facilities.
- Experienced Promoters and qualified technical team.
- Strong marketing team.
- Providing customized solutions with a focus on after sales service.
- Catering to clients from diverse sectors and industries.
Strategies · as stated in the DRHP
- Expansion by setting up new unit in Lucknow, Uttar Pradesh.
- Expansion by setting up new Showroom in Gondal, Rajkot.
- Upgradation of existing facilities at Gondal Rajkot.
- Expanding our presence in after sales services.
- Product Innovation and Quality Focus.
- Branding and Market Positioning.
Risks · as stated in the DRHP
- The Report on the Audited Financial Statements for the Period ended October 31, 2024 and Reaudited Financial Statements for the Financial Year ended March 31, 2024 and the Examination Report on the Restated financial statements of the Company for the period ended October 31, 2024 and for the financial years ended March 31, 2024, March 31, 2023 and March 31, 2022, are all signed under same UDIN on same date.
- The Manufacturing Unit proposed to be set up in Lucknow, Uttar Pradesh, is on premises taken on lease.
- The company has only one Manufacturing Facility, continued operations of its manufacturing facility is critical to its business and any disruption in the operation of the company manufacturing facility may have a material adverse effect on its business, results of operations and financial condition.
- Its business is subject to a variety of safety, health and environmental laws, labour, and workplace related laws and regulations. Any failure on its part to comply with these applicable laws and regulations could have an adverse effect on its operations and financial condition.
- The company generate a significant percentage of its revenue from few clients. The loss of any one or more of its major clients would have a material adverse effect on the company business operations and profitability.
- Its top ten suppliers contribute majority of the company purchases. Any loss of business with one or more of them may adversely affect its business operations and profitability.