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Riddhi Display Equipments Ltd IPO

Status: Closed

Overview

IPO date
08 Dec 2025 to 10 Dec 2025
Face value
₹ 10 per share
Price
₹ 95 to ₹100 per share
Issue Size
2,468,400 shares
(aggregating up to ₹ 24.68 Cr)
Allotment Date
11 Dec 2025
Listing at
NSE
Issue type
Book Building - SME
Sector
Consumer Durables

Objectives of Riddhi Display Equipments Ltd IPO

Riddhi Display Equipments Ltd IPO Strategy

About Riddhi Display Equipments Ltd

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T&C*

Strengths vs Risks of Riddhi Display Equipments Ltd

Know the pros & cons

Strengths

  • arrowManufacturers of wide range of Display Counters, Commerical Kitchen Equipments and Commerical refrigeration equipments.
  • arrowWell established manufacturing facilities.
  • arrowExperienced Promoters and qualified technical team.
  • arrowStrong marketing team.
  • arrowProviding customized solutions with a focus on after sales service.
  • arrowCatering to clients from diverse sectors and industries.
  • arrowConsistent delivery of quality products.

Risks

  • arrowThe 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.
  • arrowThe Manufacturing Unit proposed to be set up in Lucknow, Uttar Pradesh, is on premises taken on lease.
  • arrowThe 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.
  • arrowIts 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.
  • arrowThe 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.
  • arrowIts 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.
  • arrowThere have been instances of incorrect filing and delays in filing of certain e-forms of the Company in compliance with the Companies Act, 2013. Consequently, its may be subject to regulatory actions and penalties for such delays which may adversely impact its business and financial condition.
  • arrowIts business operations are concentrated in the Gujarat, any adverse developments affecting its operations in this region could have a significant impact on the company revenue and results of operations.
  • arrowThe company has in the past, and may in the future, experience losses.
  • arrowThe company does not have long-term agreements with most of its customers and the loss of one or more of them or a reduction in their demand for its products could adversely affect the company business, results of operations, financial condition and cash flows.
  • arrowThe company does not have long-term agreements with most of its suppliers and the loss of one or more of them could adversely affect its business, results of operations, financial condition and cash flows. Further, the company inability to accurately forecast demand for its products or manage the company inventory or working capital requirements may have an adverse effect on its business, results of operations and financial condition.
  • arrowThe Company procures majority of its raw material for its manufacturing activity from the state of Gujarat any adverse developments affecting operations in this region could have a significant impact on its business, and results of operations.
  • arrowIts inability to collect receivables and instances of payment default by the company clients could result in the reduction of its profits and affect the company cash flows, adversely affecting business, results of operations, financial condition and cash flows.
  • arrowIf the company fails to adapt to technological advancements, shifting market conditions, or evolving customer demands and requirements, or if the company is unable to identify and respond to changing industry trends and develop new products that meet these needs, it could negatively impact its business and operational performance.
  • arrowThe Company has reported certain negative cash flows from its Operating activity, investing activity and financing activity, details of which are given below. Sustained negative cash flows could impact its growth and business.
  • arrowProduct reliability, safety and effectiveness concerns can have significant negative impacts on sales and results of operations, lead to litigation and cause reputational damage.
  • arrowThere have been instances of delays in filing of GST returns in the past.
  • arrowThere have been instances of delays in filing Employee Provident Fund (EPF) return by the Company.
  • arrowThe Company is yet to place order towards its capital expenditure requirement as mentioned in its Objects of the Issue. Any delay in placing orders/ procurement of machinery, may delay its implementation schedule and may also lead to increase in price of these machineries.
  • arrowThe company working capital requirements, towards which its intend to deploy Rs. [*] Lakhs from the Net Proceeds, are based on certain assumptions. Any change in working capital requirements on account of such assumptions may materially adversely affect its results of operations and profitability.
  • arrowThe company has certain outstanding litigation against it, an adverse outcome of which may adversely affect the company business, reputation and results of operations.
  • arrowAny variation in the utilization of the Net Proceeds would be subject to certain compliance requirements, including prior shareholders' approval.
  • arrowThe company has incurred indebtedness and an inability to comply with repayment and other covenants in its financing agreements could adversely affect the company business and financial condition.
  • arrowIts Promoters does not have adequate educational qualifications.
  • arrowAny failures in its quality control processes may adversely affect the company business, results of operations and financial condition.
  • arrowThe Company operates in B2C market owing to which it requires to maintain high working capital turnover ratio and a high debtor turnover ratio.
  • arrowIts Promoters and some of the company Directors have interests in the Company other than the reimbursement of expenses and normal remuneration or benefits. Any such interests may result in a conflict of interest, which may have an adverse effect on its business.
  • arrowThe Company's businesses operates in highly competitive product markets and competitive pressures could adversely affect the Company's earnings.
  • arrowThe company has in the past entered into related party transactions and may continue to do so in the future.
  • arrowIts success depends largely upon the knowledge and experience of the company Promoters, other Key Managerial Personnel and Senior Management. Any loss of its key managerial personnel or the company ability to attract and retain them could adversely affect its business, operations and financial condition.
  • arrowThe Company has availed unsecured loans from promoters/directors and their relatives, which are repayable on demand.
  • arrowThe company is subject to foreign currency exchange rate fluctuations which could have a material and adverse effect on its results of operations and financial conditions.
  • arrowExpanding into new markets carries inherent risks.
  • arrowAll of its product verticals are extremely competitive segments and the company faces risk of competition affecting its margins and profitability as the company scale its operations.
  • arrowThe deployment of funds raised through this Issue shall not be subject to any Monitoring Agency and shall be purely dependent on the discretion of the management of the Company.
  • arrowThe deployment of funds raised through this Issue shall not be subject to any Monitoring Agency and shall be purely dependent on the discretion of the management of the Company.
  • arrowIts lenders have charge over the company movable and Immovable properties in respect of finance availed by it.
  • arrowThe company could be exposed to risks arising from misconduct, fraud and trading errors by its employees and Business Associates.
  • arrowThe Company may not have adequate insurance coverage and its not protected against all material hazards, which may adversely affect its business, results of operations and financial condition.
  • arrowDelays or defaults in customer payments could result in a reduction of its profits and cash flows.
  • arrowAny disproportionate increase in labour costs including increase in wage/salary demand, labour unrest or labour claims arising from accidents may adversely affect its business operations and financial conditions.
  • arrowOperational Disruptions Due to Lack of Backup Power Supply.
  • arrowThe funds proposed to be utilised for general corporate purposes constitute [*] % of the Net Issue Proceeds.
  • arrowIts Promoters and Promoter Group will continue to retain majority control over the Company after the Issue, which will allow them to influence the outcome of matters submitted to shareholders for approval.
  • arrowIn the event there is any delay in the completion of the Issue, there would be a corresponding delay in the completion of the objects / schedule of implementation of this Issue which would in turn affect its revenues and results of operations.
  • arrowThe requirements of being a public listed company may strain its resources and impose additional requirements.
  • arrowThe Issue Price of its Equity Shares may not be indicative of the market price of the company Equity Shares after the Issue.
  • arrowThe price of its Equity Shares may be volatile, or an active trading market for the company Equity Shares may not develop.
  • arrowThere are restrictions on daily movements in the price of the Equity Shares, which may adversely affect a shareholder's ability to sell, or the price at which it can sell, Equity Shares at a particular point in time.
  • arrowYou will not be able to sell immediately on Stock Exchange any of the Equity Shares you purchase in the Issue until the Issue receives appropriate trading permissions.
  • arrowSale of Equity Shares by its Promoter or other significant shareholder(s) may adversely affect the trading price of the Equity Shares.
  • arrowYou may be subject to Indian taxes arising out of capital gains on sale of Equity Shares.
  • arrowAny future issuance of Equity Shares may dilute your shareholdings, and sales of the Equity Shares by its major shareholders may adversely affect the trading price of the company Equity Shares.
  • arrowThe Company has not paid any dividends till now and there can be no assurance that its will pay dividends in future. The company ability to pay dividends in the future will depends upon a variety of factors such as future earnings, financial condition, cash flows, working capital requirements, and restrictive covenants in its financing arrangements.
  • arrowThere is no guarantee that the Equity Shares issued pursuant to the Issue will be listed on the SME Platform of BSE in a timely manner, or at all.
  • arrowWe require certain approvals and licenses in the ordinary course of business and are required to comply with certain rules and regulations to operate our business, and the failure to obtain, retain and renew such approvals and licences or comply with such rules and regulations, and the failure to obtain or retain them in a timely manner or at all may adversely affect our operations.
  • arrowThe Manufacturing cum assembly Unit proposed to be set up in Lucknow, Uttar Pradesh, is on premises taken on lease.
  • arrowWe have only one Manufacturing Facility, continued operations of our manufacturing facility is critical to our business and any disruption in the operation of our manufacturing facility may have a material adverse effect on our business, results of operations and financial condition.
  • arrowThe company 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 has an adverse effect on the company operations and financial condition.
  • arrowWe generate a significant percentage of its revenue from few clients. The loss of any one or more of the company major clients would has a material adverse effect on its business operations and profitability.
  • arrowThe company top ten suppliers contribute majority of its purchases. Any loss of business with one or more of them may adversely affect the company business operations and profitability.
  • arrowThere have been instances of incorrect filing and delays in filing of certain e-forms of the Company in compliance with the Companies Act, 2013. Consequently, its may be subject to regulatory actions and penalties for such delays which may adversely impact its business and financial condition.
  • arrowThe company business operations are concentrated in the Gujarat, any adverse developments affecting its operations in this region could has a significant impact on our revenue and results of operations.
  • arrowThe Company has reported certain negative cash flows from its Operating activity, investing activity and financing activity, details of which are given below. Sustained negative cash flows could impact its growth and business.
  • arrowThe company do not have long-term agreements with most ofitsr customers and the loss of one or more of them or a reduction in their demand for the company products could adversely affect its business, results of operations, financial condition and cash flows.
  • arrowThe company do not have long-term agreements with most of its suppliers and the loss of one or more of them could adversely affect the company business, results of operations, financial condition and cash flows. Further, its inability to accurately forecast demand for the company products or manage its inventory or working capital requirements may have an adverse effect on the company business, results of operations and financial condition.
  • arrowThe Company procures majority of its raw material for its manufacturing activity from the state of Gujarat any adverse developments affecting operations in this region could have a significant impact on its business, and results of operations.
  • arrowThe company inability to collect receivables and instances of payment default by its clients could result in the reduction of the company profits and affect its cash flows, adversely affecting business, results of operations, financial condition and cash flows.
  • arrowIf we fail to adapt to technological advancements, shifting market conditions, or evolving customer demands and requirements, or if we are unable to identify and respond to changing industry trends and develop new products that meet these needs, it could negatively impact its business and operational performance.
  • arrowProduct reliability, safety and effectiveness concerns can has significant negative impacts on sales and results of operations, lead to litigation and cause reputational damage.
  • arrowThere has been instances of delays in filing of GST returns in the past.
  • arrowThere have been instances of delays in filing Employee Provident Fund (EPF) return by its Company.
  • arrowThe Company is yet to place order towards its capital expenditure requirement as mentioned in its obects of the Issue. Any delay in placing orders/ procurement of machinery, may delay the company implementation schedule and may also lead to increase in price of these machineries.
  • arrowThe company working capital requirements, towards which its intend to deploy an amount of upto Rs. 973.70 Lakhs from the Net Proceeds, are based on certain assumptions. Any change in working capital requirements on account of such assumptions may materially adversely affect its results of operations and profitability
  • arrowThe company has certain outstanding litigation against us, an adverse outcome of which may adversely affect its business, reputations and results of operations.
  • arrowAny variation in the utilization of the Net Proceeds would be subject to certain compliance requirements, including prior shareholders' approval.
  • arrowOur success largely depends upon the knowledge and experience of our Promoters, Directors, our Key Managerial Personnel and Senior Management as well as our ability to attract and retain personnel with technical expertise. Any loss of our Promoters, Directors, Key Managerial Personnel, Senior Management or our inability to attract and retain them and other personnel with technical expertise could adversely affect our business, financial condition and results of operations.
  • arrowThe company has incurred indebtedness and an inability to comply with repayment and other covenants in its financing agreements could adversely affect the company business and financial condition.
  • arrowThe company have in the past entered into related party transactions and may continue to do so in the futures.
  • arrowThe company Promoters does not has adequate educational qualifications.
  • arrowAny failure in our quality control processes may adversely affect our business, results of operations and financial condition.
  • arrowThe Company operates in B2C market owing to which it requires to maintain high working capital turnover ratio and a high debtor turnover ratio.
  • arrowThe company Promoters and some of its Directors has interests in its Company other than the reimbursement of expenses and normal remunerations or benefits. Any such interests may result in a conflict of interest, which may has an adverse effect on its business.
  • arrowLoans availed by its Company has been secured on personal properties and guarantees of the company Directors, Promoters, Promoter Group, Group Companies and third party. its business, financial condition, results of operations, cash flows and prospects may be adversely affected in case of invocation of any personal guarantees provided by our Directors, Promoters, Promoters Group, Group Companies and third party.
  • arrowThe Company's businesses operates in highly competitive products markets and competitive pressures could adversely affect the Company's earnings.
  • arrowMajority of the Directors of or Company does not have any prior experience of directorship in a listed entity.
  • arrowOur Company has availed unsecured loans from promoters/directors and their relatives, which are repayable on demand.
  • arrowThe company are subject to foreign currency exchange rate fluctuations which could has a material and adverse effect on its results of operations and financial conditions.
  • arrowExpanding into new markets carries inherent risks.
  • arrowAll of our product verticals are extremely competitive segments and we face risk of competition affecting our margins and profitability as we scale our operations.
  • arrowThe deployment of funds raised through this Issue shall not be subject to any Monitoring Agency and shall be purely dependent on the discretion of the management of the Company.
  • arrowThe company have not made any alternate arrangements for meeting its regular working capital requirements. If its operations does not generates the necessary cash flow, the company working capital requirements may negatively affect its operations and financial performance.
  • arrowThe company lenders have charge over its movable and Immovable properties in respect of finance availed by the company
  • arrowWe could be exposed to risks arising from misconduct, fraud and trading errors by our employees and Business Associates.
  • arrowThe Company may not have adequate insurance coverage and the company is not protected against all material hazards, which may adversely affect its business, results of operations and financial condition.
  • arrowDelays or defaults in customer payments could result in a reduction of the company profits and cash flows.
  • arrowAny disproportionate increase in labour costs including increase in wage/salary demand, labour unrest or labour claims arising from accidents may adversely affect our business operations and financial conditions.
  • arrowOperational Disruptions Due to Lack of Backup Power Supply.
  • arrowThe funds proposed to be utilised for general corporate purposes constitute [*] % of the Net Issue Proceeds
  • arrowOur Promoters and Promoter Group will continue to retain majority control over the Company after the Issue, which will allow them to influence the outcome of matters submitted to shareholders for approval.
  • arrowOur application for seeking In-Principle approval for listing of our shares on the SME Platform of BSE Limited was returned in the past owing to which our business strategies/ the objects for which the funds are being raised by the Company could not be executed in the timelines anticipated by us, which has adversely impacted our financial condition and results of operations.
  • arrowIn the event there is any delay in the completion of the Issue, there would be a corresponding delay in the completion of the objects / schedule of implementation of this Issue which would in turn affect our revenues and results of operations.
  • arrowThe requirements of being a public listed company may strain our resources and impose additional requirements.
  • arrowThe Issue Price of our Equity Shares may not be indicative of the market price of our Equity Shares after the Issue.
  • arrowThe price of our Equity Shares may be volatile, or an active trading market for our Equity Shares may not develop.
  • arrowThere are restrictions on daily movements in the price of the Equity Shares, which may adversely affect a shareholder's ability to sell, or the price at which it can sell, Equity Shares at a particular point in time.
  • arrowYou will not be able to sell immediately on Stock Exchange any of the Equity Shares you purchase in the Issue until the Issue receives appropriate trading permissions.
  • arrowSale of Equity Shares by our Promoter or other significant shareholder(s) may adversely affect the trading price of the Equity Shares.
  • arrowYou may be subject to Indian taxes arising out of capital gains on sale of Equity Shares.
  • arrowAny future issuance of Equity Shares may dilute your shareholdings, and sales of the Equity Shares by our major shareholders may adversely affect the trading price of our Equity Shares.
  • arrowThe Company has not paid any dividends till now and there can be no assurance that its will pay dividends in future. Its ability to pay dividends in the future will depends upon a varietys of factors such as future earnings, financial condition, cash flows, working capital requirements, and restrictive covenants in the company financing arrangements.
  • arrowThere is no guarantee that the Equity Shares issued pursuant to the Issue will be listed on the SME Platform of BSE in a timely manner, or at all.

Riddhi Display Equipments Ltd Peer Comparison

Understand the company’s industry standing

Riddhi Display Equipments Limited
Ice Make Refrigeration Limited
Face Value
10
10
Standalone / Consolidated
Standalone
Standalone
Total Income Rs. Cr.
---
---
EPS-Basis
3.24
14.72
EPS-Diluted
---
---
NAV Per Share
19.42
81.36
P/E-Basic EPS
---
48.14
P/E-Diluted EPS
---
---
RONW(%)
16.18
18.09
Latest NAV Period
---
---
Latest NAV
---
---
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The IPO opens on 08 Dec 2025 & closes on 10 Dec 2025.

Riddhi Display Equipments Limited was originally incorporated as Riddhi Display Equipments Private Limited', with the Assistant Registrar of Companies, Gujarat, on January 12, 2006. Subsequently, Company was converted from a Private Company into a Public Company, and the name was changed to 'Riddhi Display Equipments Limited', dated November 21, 2024, obtained from the Central Processing Centre. The Company commenced its production unit in Rajkot district of Gujarat in 2006. Later, it started commercial production of Commercial Kitchen Equipment in 2012 and further initiated the production of Commercial Refrigeration Equipment in 2019-20. Company carries its operations from its manufacturing facility located in Rajkot district of Gujarat. The products manufactured by Company can be classified under following business verticals, viz.: Display Counters, ommercial Kitchen Equipments and Commercial Refrigeration Equipments. Under Display Counters, Company manufactures and supplies various display counters consisting of Bakery Display Counter, Chat Display Counter, Fast Food Display Counter, Ice cream Display Counter, Namkeen Display Counter, Restaurant Display Counter, Sweet Display Counter and Refrigerated Display Counters. Under Commercial Kitchen Equipments, it manufactures and supplies commercial kitchen equipments consisting of Bulk & Canteen Equipment, Catering & Fast-food Equipment, Cooking Range, Dish wash & Pot wash Equipment, Exhaust Hood, Preparation & Bakery Equipment, Trading items, Work Table and Trolly. Company also manufactures and supplies Commercial Refrigeration Equipments to Restaurants, Bakeries, Sweet Shops, Ice Cream/ Dairy Industry etc. The Company issued 24,68,400 equity shares of face value Rs 10 by raising Rs 24.68 crores by way of fresh issue on December 10, 2025.

Riddhi Display Equipments Ltd IPO will close on 10 Dec 2025.

  • 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.
  • Consistent delivery of quality products.

S.No Promoters Name Pre Issue Shares Pre Issue Percentage Post Issue Shares Post Issue Percentage
1 Shaileshbhai Ratibhai Pipaliya 2790335 45.21 2790335 32.3
2 Hansaben Shaileshbhai Pipaliya 3049254 49.4 3049254 35.29
3 Jay Shaileshkumar Pipaliya 330340 5.35 330340 3.82
4 Jigneshbhai Ratilal Pipaliya 415 0.01 415 ---
5 Pipaliya Dineshbhai Ratilal 415 0.01 415 ---
6 Pipaliya Priya Jay 415 0.01 415 ---

  • 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.
  • There have been instances of incorrect filing and delays in filing of certain e-forms of the Company in compliance with the Companies Act, 2013. Consequently, its may be subject to regulatory actions and penalties for such delays which may adversely impact its business and financial condition.
  • Its business operations are concentrated in the Gujarat, any adverse developments affecting its operations in this region could have a significant impact on the company revenue and results of operations.
  • The company has in the past, and may in the future, experience losses.
  • The company does not have long-term agreements with most of its customers and the loss of one or more of them or a reduction in their demand for its products could adversely affect the company business, results of operations, financial condition and cash flows.
  • The company does not have long-term agreements with most of its suppliers and the loss of one or more of them could adversely affect its business, results of operations, financial condition and cash flows. Further, the company inability to accurately forecast demand for its products or manage the company inventory or working capital requirements may have an adverse effect on its business, results of operations and financial condition.
  • The Company procures majority of its raw material for its manufacturing activity from the state of Gujarat any adverse developments affecting operations in this region could have a significant impact on its business, and results of operations.
  • Its inability to collect receivables and instances of payment default by the company clients could result in the reduction of its profits and affect the company cash flows, adversely affecting business, results of operations, financial condition and cash flows.
  • If the company fails to adapt to technological advancements, shifting market conditions, or evolving customer demands and requirements, or if the company is unable to identify and respond to changing industry trends and develop new products that meet these needs, it could negatively impact its business and operational performance.
  • The Company has reported certain negative cash flows from its Operating activity, investing activity and financing activity, details of which are given below. Sustained negative cash flows could impact its growth and business.
  • Product reliability, safety and effectiveness concerns can have significant negative impacts on sales and results of operations, lead to litigation and cause reputational damage.
  • There have been instances of delays in filing of GST returns in the past.
  • There have been instances of delays in filing Employee Provident Fund (EPF) return by the Company.
  • The Company is yet to place order towards its capital expenditure requirement as mentioned in its Objects of the Issue. Any delay in placing orders/ procurement of machinery, may delay its implementation schedule and may also lead to increase in price of these machineries.
  • The company working capital requirements, towards which its intend to deploy Rs. [*] Lakhs from the Net Proceeds, are based on certain assumptions. Any change in working capital requirements on account of such assumptions may materially adversely affect its results of operations and profitability.
  • The company has certain outstanding litigation against it, an adverse outcome of which may adversely affect the company business, reputation and results of operations.
  • Any variation in the utilization of the Net Proceeds would be subject to certain compliance requirements, including prior shareholders' approval.
  • The company has incurred indebtedness and an inability to comply with repayment and other covenants in its financing agreements could adversely affect the company business and financial condition.
  • Its Promoters does not have adequate educational qualifications.
  • Any failures in its quality control processes may adversely affect the company business, results of operations and financial condition.
  • The Company operates in B2C market owing to which it requires to maintain high working capital turnover ratio and a high debtor turnover ratio.
  • Its Promoters and some of the company Directors have interests in the Company other than the reimbursement of expenses and normal remuneration or benefits. Any such interests may result in a conflict of interest, which may have an adverse effect on its business.
  • The Company's businesses operates in highly competitive product markets and competitive pressures could adversely affect the Company's earnings.
  • The company has in the past entered into related party transactions and may continue to do so in the future.
  • Its success depends largely upon the knowledge and experience of the company Promoters, other Key Managerial Personnel and Senior Management. Any loss of its key managerial personnel or the company ability to attract and retain them could adversely affect its business, operations and financial condition.
  • The Company has availed unsecured loans from promoters/directors and their relatives, which are repayable on demand.
  • The company is subject to foreign currency exchange rate fluctuations which could have a material and adverse effect on its results of operations and financial conditions.
  • Expanding into new markets carries inherent risks.
  • All of its product verticals are extremely competitive segments and the company faces risk of competition affecting its margins and profitability as the company scale its operations.
  • The deployment of funds raised through this Issue shall not be subject to any Monitoring Agency and shall be purely dependent on the discretion of the management of the Company.
  • The deployment of funds raised through this Issue shall not be subject to any Monitoring Agency and shall be purely dependent on the discretion of the management of the Company.
  • Its lenders have charge over the company movable and Immovable properties in respect of finance availed by it.
  • The company could be exposed to risks arising from misconduct, fraud and trading errors by its employees and Business Associates.
  • The Company may not have adequate insurance coverage and its not protected against all material hazards, which may adversely affect its business, results of operations and financial condition.
  • Delays or defaults in customer payments could result in a reduction of its profits and cash flows.
  • Any disproportionate increase in labour costs including increase in wage/salary demand, labour unrest or labour claims arising from accidents may adversely affect its business operations and financial conditions.
  • Operational Disruptions Due to Lack of Backup Power Supply.
  • The funds proposed to be utilised for general corporate purposes constitute [*] % of the Net Issue Proceeds.
  • Its Promoters and Promoter Group will continue to retain majority control over the Company after the Issue, which will allow them to influence the outcome of matters submitted to shareholders for approval.
  • In the event there is any delay in the completion of the Issue, there would be a corresponding delay in the completion of the objects / schedule of implementation of this Issue which would in turn affect its revenues and results of operations.
  • The requirements of being a public listed company may strain its resources and impose additional requirements.
  • The Issue Price of its Equity Shares may not be indicative of the market price of the company Equity Shares after the Issue.
  • The price of its Equity Shares may be volatile, or an active trading market for the company Equity Shares may not develop.
  • There are restrictions on daily movements in the price of the Equity Shares, which may adversely affect a shareholder's ability to sell, or the price at which it can sell, Equity Shares at a particular point in time.
  • You will not be able to sell immediately on Stock Exchange any of the Equity Shares you purchase in the Issue until the Issue receives appropriate trading permissions.
  • Sale of Equity Shares by its Promoter or other significant shareholder(s) may adversely affect the trading price of the Equity Shares.
  • You may be subject to Indian taxes arising out of capital gains on sale of Equity Shares.
  • Any future issuance of Equity Shares may dilute your shareholdings, and sales of the Equity Shares by its major shareholders may adversely affect the trading price of the company Equity Shares.
  • The Company has not paid any dividends till now and there can be no assurance that its will pay dividends in future. The company ability to pay dividends in the future will depends upon a variety of factors such as future earnings, financial condition, cash flows, working capital requirements, and restrictive covenants in its financing arrangements.
  • There is no guarantee that the Equity Shares issued pursuant to the Issue will be listed on the SME Platform of BSE in a timely manner, or at all.
  • We require certain approvals and licenses in the ordinary course of business and are required to comply with certain rules and regulations to operate our business, and the failure to obtain, retain and renew such approvals and licences or comply with such rules and regulations, and the failure to obtain or retain them in a timely manner or at all may adversely affect our operations.
  • The Manufacturing cum assembly Unit proposed to be set up in Lucknow, Uttar Pradesh, is on premises taken on lease.
  • We have only one Manufacturing Facility, continued operations of our manufacturing facility is critical to our business and any disruption in the operation of our manufacturing facility may have a material adverse effect on our business, results of operations and financial condition.
  • The company 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 has an adverse effect on the company operations and financial condition.
  • We generate a significant percentage of its revenue from few clients. The loss of any one or more of the company major clients would has a material adverse effect on its business operations and profitability.
  • The company top ten suppliers contribute majority of its purchases. Any loss of business with one or more of them may adversely affect the company business operations and profitability.
  • There have been instances of incorrect filing and delays in filing of certain e-forms of the Company in compliance with the Companies Act, 2013. Consequently, its may be subject to regulatory actions and penalties for such delays which may adversely impact its business and financial condition.
  • The company business operations are concentrated in the Gujarat, any adverse developments affecting its operations in this region could has a significant impact on our revenue and results of operations.
  • The Company has reported certain negative cash flows from its Operating activity, investing activity and financing activity, details of which are given below. Sustained negative cash flows could impact its growth and business.
  • The company do not have long-term agreements with most ofitsr customers and the loss of one or more of them or a reduction in their demand for the company products could adversely affect its business, results of operations, financial condition and cash flows.
  • The company do not have long-term agreements with most of its suppliers and the loss of one or more of them could adversely affect the company business, results of operations, financial condition and cash flows. Further, its inability to accurately forecast demand for the company products or manage its inventory or working capital requirements may have an adverse effect on the company business, results of operations and financial condition.
  • The Company procures majority of its raw material for its manufacturing activity from the state of Gujarat any adverse developments affecting operations in this region could have a significant impact on its business, and results of operations.
  • The company inability to collect receivables and instances of payment default by its clients could result in the reduction of the company profits and affect its cash flows, adversely affecting business, results of operations, financial condition and cash flows.
  • If we fail to adapt to technological advancements, shifting market conditions, or evolving customer demands and requirements, or if we are unable to identify and respond to changing industry trends and develop new products that meet these needs, it could negatively impact its business and operational performance.
  • Product reliability, safety and effectiveness concerns can has significant negative impacts on sales and results of operations, lead to litigation and cause reputational damage.
  • There has been instances of delays in filing of GST returns in the past.
  • There have been instances of delays in filing Employee Provident Fund (EPF) return by its Company.
  • The Company is yet to place order towards its capital expenditure requirement as mentioned in its obects of the Issue. Any delay in placing orders/ procurement of machinery, may delay the company implementation schedule and may also lead to increase in price of these machineries.
  • The company working capital requirements, towards which its intend to deploy an amount of upto Rs. 973.70 Lakhs from the Net Proceeds, are based on certain assumptions. Any change in working capital requirements on account of such assumptions may materially adversely affect its results of operations and profitability
  • The company has certain outstanding litigation against us, an adverse outcome of which may adversely affect its business, reputations and results of operations.
  • Any variation in the utilization of the Net Proceeds would be subject to certain compliance requirements, including prior shareholders' approval.
  • Our success largely depends upon the knowledge and experience of our Promoters, Directors, our Key Managerial Personnel and Senior Management as well as our ability to attract and retain personnel with technical expertise. Any loss of our Promoters, Directors, Key Managerial Personnel, Senior Management or our inability to attract and retain them and other personnel with technical expertise could adversely affect our business, financial condition and results of operations.
  • The company has incurred indebtedness and an inability to comply with repayment and other covenants in its financing agreements could adversely affect the company business and financial condition.
  • The company have in the past entered into related party transactions and may continue to do so in the futures.
  • The company Promoters does not has adequate educational qualifications.
  • Any failure in our quality control processes may adversely affect our business, results of operations and financial condition.
  • The Company operates in B2C market owing to which it requires to maintain high working capital turnover ratio and a high debtor turnover ratio.
  • The company Promoters and some of its Directors has interests in its Company other than the reimbursement of expenses and normal remunerations or benefits. Any such interests may result in a conflict of interest, which may has an adverse effect on its business.
  • Loans availed by its Company has been secured on personal properties and guarantees of the company Directors, Promoters, Promoter Group, Group Companies and third party. its business, financial condition, results of operations, cash flows and prospects may be adversely affected in case of invocation of any personal guarantees provided by our Directors, Promoters, Promoters Group, Group Companies and third party.
  • The Company's businesses operates in highly competitive products markets and competitive pressures could adversely affect the Company's earnings.
  • Majority of the Directors of or Company does not have any prior experience of directorship in a listed entity.
  • Our Company has availed unsecured loans from promoters/directors and their relatives, which are repayable on demand.
  • The company are subject to foreign currency exchange rate fluctuations which could has a material and adverse effect on its results of operations and financial conditions.
  • Expanding into new markets carries inherent risks.
  • All of our product verticals are extremely competitive segments and we face risk of competition affecting our margins and profitability as we scale our operations.
  • The deployment of funds raised through this Issue shall not be subject to any Monitoring Agency and shall be purely dependent on the discretion of the management of the Company.
  • The company have not made any alternate arrangements for meeting its regular working capital requirements. If its operations does not generates the necessary cash flow, the company working capital requirements may negatively affect its operations and financial performance.
  • The company lenders have charge over its movable and Immovable properties in respect of finance availed by the company
  • We could be exposed to risks arising from misconduct, fraud and trading errors by our employees and Business Associates.
  • The Company may not have adequate insurance coverage and the company is not protected against all material hazards, which may adversely affect its business, results of operations and financial condition.
  • Delays or defaults in customer payments could result in a reduction of the company profits and cash flows.
  • Any disproportionate increase in labour costs including increase in wage/salary demand, labour unrest or labour claims arising from accidents may adversely affect our business operations and financial conditions.
  • Operational Disruptions Due to Lack of Backup Power Supply.
  • The funds proposed to be utilised for general corporate purposes constitute [*] % of the Net Issue Proceeds
  • Our Promoters and Promoter Group will continue to retain majority control over the Company after the Issue, which will allow them to influence the outcome of matters submitted to shareholders for approval.
  • Our application for seeking In-Principle approval for listing of our shares on the SME Platform of BSE Limited was returned in the past owing to which our business strategies/ the objects for which the funds are being raised by the Company could not be executed in the timelines anticipated by us, which has adversely impacted our financial condition and results of operations.
  • In the event there is any delay in the completion of the Issue, there would be a corresponding delay in the completion of the objects / schedule of implementation of this Issue which would in turn affect our revenues and results of operations.
  • The requirements of being a public listed company may strain our resources and impose additional requirements.
  • The Issue Price of our Equity Shares may not be indicative of the market price of our Equity Shares after the Issue.
  • The price of our Equity Shares may be volatile, or an active trading market for our Equity Shares may not develop.
  • There are restrictions on daily movements in the price of the Equity Shares, which may adversely affect a shareholder's ability to sell, or the price at which it can sell, Equity Shares at a particular point in time.
  • You will not be able to sell immediately on Stock Exchange any of the Equity Shares you purchase in the Issue until the Issue receives appropriate trading permissions.
  • Sale of Equity Shares by our Promoter or other significant shareholder(s) may adversely affect the trading price of the Equity Shares.
  • You may be subject to Indian taxes arising out of capital gains on sale of Equity Shares.
  • Any future issuance of Equity Shares may dilute your shareholdings, and sales of the Equity Shares by our major shareholders may adversely affect the trading price of our Equity Shares.
  • The Company has not paid any dividends till now and there can be no assurance that its will pay dividends in future. Its ability to pay dividends in the future will depends upon a varietys of factors such as future earnings, financial condition, cash flows, working capital requirements, and restrictive covenants in the company financing arrangements.
  • There is no guarantee that the Equity Shares issued pursuant to the Issue will be listed on the SME Platform of BSE in a timely manner, or at all.

The Issue type of Riddhi Display Equipments Ltd is Book Building - SME.

The minimum application for shares of Riddhi Display Equipments Ltd is 2400.

The total shares issue of Riddhi Display Equipments Ltd is 2468400.

Initial public issue of up to 24,68,400 equity shares of face value of Rs. 10/- each of Riddhi Display Equipments Limited ("Riddhi" or the "Company" or the "Issuer") for cash at a price of Rs. 100/- per equity share including a share premium of Rs. 90 /- per equity share (the "Issue Price") aggregating to Rs. 24.68 crores ("the Issue"), of which 1,23,600 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 100/- per equity share including a share premium of Rs. 90/- per equity share aggregating to Rs. 1.24 Crores will be reserved for subscription by market maker to the issue (the "Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. net issue of 23,44,800 equity shares of face value of Rs. 10/- each at a price of Rs. 100/- per equity share including a share premium of Rs. 90/- per equity share aggregating to Rs. 23.45 crores is hereinafter referred to as the "Net Issue". The issue and the net issue will constitute 28.57% and 27.14%, respectively, of the post issue paid up equity share capital of the company.