Riddhi Display IPO: ₹100 Share Hits Lower Circuit, Investors Face ₹28,800 Loss

• Riddhi Display's IPO listed on BSE SME at ₹80.00, a 20% discount from its issue price of ₹100.00.
• The share immediately hit the lower circuit at ₹76.00, leading to a 24% loss for IPO investors by day's end.
• Investors incurred a loss of ₹28,800 per lot, based on the 1200-share lot size.
• The IPO, which raised ₹24.68 crore, was oversubscribed 4.91 times overall.

Why It Matters: Riddhi Display IPO loss warns investors about market risks.