Riddhi Display Equipments Lists 20% Below IPO Price

• Riddhi Display Equipments shares debuted on December 15 on the BSE SME platform.
• Shares listed at Rs 80, a 20% discount from the IPO price of Rs 100.
• The company's market capitalization was over Rs 69 crore at debut.
• The IPO, which raised Rs 24.7 crore, was subscribed nearly 5 times.
• Shares hit the lower circuit at Rs 76 after listing, a 5% drop.

Why It Matters: It highlights the financial risks of investing in new SME IPOs.