Riddhi Display Equipments Ltd. has announced public offering of 2468400 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 90.00 per share. The gross proceeds of the issue are expected to be Rs 2,468.40 lakhs.

The company's initial public offer (IPO) will open on 24 September 2025 and is expected to close on 26 September 2025, subject to customary closing conditions. The price band of the issue has been fixed at Rs 95.00-100.00 per share.

The IPO includes a fresh Issue of 2468400 Equity Shares of the Company at an price of Rs 100.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 1200 shares with bids in multiples of 1200.

Riddhi Display Equipments Ltd. anticipates using the proceeds of the issue for

a Capital expenditure towards interior work and for purchase of new equipment/machineries for setting up of Manufacturing cum assembly Unit at Lucknow, Uttar Pradesh,b Capital expenditure towards purchase of new equipment/machineries/software etc for upgradation of existing Manufacturing Unit of the Company located at Gondal, Rajkot,c Capital expenditure towards setting up of Showroom at Gondal, Rajkot,d Funding working capital requirements,e General Corporate Purpose.

Jawa Capital Services Pvt. Ltd. as lead manager & Maashitla Securities Pvt. Ltd. is the registrar, to the issue.