New Delhi, Dec. 9 -- The initial public offering (IPO) of Riddhi Display Equipments, which opened for bidding on December 8, is a book-built offer of Rs.24.68 crore. The issue is entirely a fresh share sale of 0.25 crore shares.

The SME IPO will remain open for bidding till December 10. The allotment for Riddhi Display Equipments IPO is slated to take place on December 11, while the listing on BSE SME is slated for December 15.

As of 4.35 pm on the second day of the bidding process, Riddhi Display Equipments IPO was subscribed 49%. The retail portion received 71% bids, the non-institutional investor (NII) segment 35% bids and the qualified institutional buyer (QIB) quota 1 times bids so far.

Overall, investors applied for 11,37,600 sha...