Riddhi Display Equipments IPO Shows Strong Response, Subscribed 4.91x on Day 3

Riddhi Display Equipments Limited's initial public offering (IPO) has demonstrated strong investor interest through its third day of subscription. The stock price band is set at ₹95-100 per share. The ₹24.68 crore IPO reached 4.91 times by 5:14:07 PM on day three. 
Riddhi Display Equipments IPO individual investors segment leads with strong 7.95 times subscription. Qualified institutional buyers demonstrate moderate participation at 2.19 times. Non-institutional investors display moderate interest at 1.92 times. Market makers show complete participation at 1.00 times.

Invest in Indian Markets and Unlock Future Potential With 5paisa!

Open Account Now

Riddhi Display Equipments IPO subscription reached strong 4.91 times on day three. It was led by Individual Investors (7.95x), Qualified Institutional Buyers Ex-Anchor (2.19x), and Non-Institutional Investors (1.92x). Total applications reached 4,262.

Subscription Status of Riddhi Display Equipments IPO:

Here are the subscription details for Riddhi Display Equipments IPO as of Day 3 (December 10, 2025, 5:14:07 PM):

Key Highlights - Day 3:

• Overall subscription reached strong 4.91 times, showing substantial improvement from day two's 0.55 times
• Individual investors displaying strong confidence at 7.95 times, building substantially from day two's 0.80 times, indicating robust retail interest for this SME IPO
• Qualified institutional buyers (ex-anchor) showing moderate performance at 2.19 times, building substantially from day two's 1.00 times, indicating improved institutional interest
• Total applications reached 4,262, showing moderate investor participation for this SME IPO
• Cumulative bid amount reached ₹115.20 crores, significantly exceeding the net offer size of ₹23.45 crores (excluding market maker portion) by approximately 4.9 times
• Market makers fully subscribed their allocation of ₹1.24 crores

Riddhi Display Equipments IPO - Day 2 Subscription at 0.55 Times

Key Highlights - Day 2:

• Overall subscription reached weak 0.55 times, showing substantial improvement from day one's 0.03 times
• Qualified institutional buyers showing moderate performance at 1.00 times, maintaining from day one's 1.00 times
• Individual investors displaying weak confidence at 0.80 times, building substantially from day one's 0.04 times

Riddhi Display Equipments IPO - Day 1 Subscription at 0.03 Times

Key Highlights - Day 1:

• Overall subscription reached weak 0.03 times, showing very cautious initial investor interest
• Qualified institutional buyers showing moderate performance at 1.00 times.
• Individual investors displaying negligible confidence at 0.04 times.

About Riddhi Display Equipments Limited

Incorporated in 2006, Riddhi Display Equipments Limited is engaged in the business of manufacturing and supply of innovative solutions in the field of display equipment like display counter, kitchen equipment, and refrigeration equipment. The company focuses on offering high-quality products and services that meet the diverse needs of industries such as retail, advertising, and exhibitions. The company's manufacturing facility in Gondal, Gujarat, is equipped to produce high-quality, cost-efficient products. Skilled technical engineers manage operations, optimizing production processes to maximize yield and minimize costs. Product portfolio includes display counter, commercial kitchen equipment, and commercial refrigeration equipment. As of August 31, 2025, the company has 55 employees on its payroll. Competitive strengths include experienced promoters and qualified technical team, consistent delivery of quality products, providing customized solutions with focus on after-sales service, well-established manufacturing facilities, strong marketing team, and catering to clients from diverse sectors and industries.