Riddhi Display Equipments Ltd - IPO

Riddhi Display Equipments Ltd IPO Details

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.

Objective of 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..

Riddhi Display Equipments Ltd Contact Details

Riddhi Display Equipments Ltd, 451 Krishna Apra Bus, Netaji Subhash Place, Pitampura, New Delhi-110034

Phone - 011-45121795

Fax - 01145121795

Email - info@riddhidisplay.com

Website - www.riddhidisplay.com