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Ridings Consulting Engineers IPO is a fixed price issue of Rs 6.22 crores.
Ridings Consulting Engineers IPO bidding started from March 14, 2018 and ended on March 16, 2018. The shares got listed on BSE SME on March 26, 2018.
Ridings Consulting Engineers IPO price is ₹18 per share. The minimum lot size for an application is 8000 Shares. The minimum amount of investment required by retail investors is ₹144,000.
Swastika Investmart Ltd is the book running lead manager of the Ridings Consulting Engineers IPO, while Skyline Financial Services Private Ltd is the registrar for the issue.
Refer to Ridings Consulting Engineers IPO RHP for detailed information.
| IPO Date | March 14, 2018 to March 16, 2018 |
| Listing Date | March 26, 2018 |
| Face Value | ₹10 per share |
| Price | ₹18 per share |
| Lot Size | 8000 Shares |
| Total Issue Size | 3,640,000 shares (aggregating up to ₹6.22 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 8,800,000 |
| Share holding post issue | 12,440,000 |
| Market Maker portion | 184,000 shares |
Ridings Consulting Engineers IPO offers 3,824,000 shares. 1,728,000 (45.19%) to NII, 1,728,000 (45.19%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 184,000 (4.81%) |
| Other Shares Offered | 1,728,000 (45.19%) |
| Retail Shares Offered | 1,728,000 (45.19%) | Other Shares Offered | 184,000 (4.81%) |
| Total Shares Offered | 3,824,000 (100%) |
Investors can bid for a minimum of 8000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 8000 | ₹144,000 |
| Retail (Max) | 1 | 8000 | ₹144,000 |
| Lot Size Calculator | |||
Incorporated in 1995, Ridings Consulting Engineers India Limited is a Delhi based company engaged in providing Geospatial Services which includes Sub Surface Utility Engineering (SUE) Survey/ Ground-penetrating radar (GPR) Survey, Geographic Information Systems and Geospatial database development (GIS & Mapping Solution), Geospatial -Marketing consulting and planning, Training (GIS/ AutoCAD/ Arc Suite/ GPR/ EPL & DGPS/Total Station), Geographic Information Systems for Utilities (Power, Water & Telecom) and Land surveying and Geospatial Data (Digital & large Scale Geospatial Data) etc. Basically Geographic Information Systems (GIS) applications including mapping of utilities such as electrical network, telecom network, water supply and sewerage systems. The company provide services in the field such as GPR (Ground Penetrating Radar) / Sue Survey, Navigation Survey, Property Tax Surveys, Land Usage Surveys, Investigative Surveys (gather competition, market penetration data), Socio-Economic Surveys, Geospatial Application Development and Services which directly provide services to various private sector, Semi Government & Government entities in field of telecom, oil and gas, public utilities etc. in India, Bahrain and other Gulf countries.
The company is an ISO 9001:2015 certified company for providing training and services in the field of Topographical Ground Survey, Cartography, Digitization, Data Base, Software Development/Customization, GIS, Development, all type of Engineering, Survey/design and Remote sensing and Digital Photogrammetry Applications.
Ridings Consulting Engineers has maintained a long-standing relationship with major customers such as Reliance Jio, Airtel, L&T, TCS, Tom Tom, HERE (formerly NavTeq), Reliance ADA, TATA, Jacobs Zate, Mott McDonald, various government municipalities and utility providing agencies etc.
As on September 30, 2017, the company had 82 employees including Key Managerial Personnel.
| Particulars | For the year/period ended (in Rs. lakhs) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | ||
| Total Assets | 2,358.79 | 2,252.43 | 1,925.27 | 1,626.02 | 1,339.76 | |
| Total Revenue | 1,690.14 | 1,427.25 | 1,357.20 | 1,352.44 | 1,513.65 | |
| Profit After Tax | 101.75 | 52.09 | 106.88 | 116.91 | 74.00 | |
The object of the issue is to raise funds for:
1. Meeting Working Capital Requirement
2. General Corporate Purpose
3. Meeting the Issue Expenses
[Dilip Davda]
Considering inconsistent track record and aggressive pricing of the issue, cash surplus risk savvy investors may consider investment for long term.
Read detail review...The Ridings Consulting Engineers IPO is subscribed 1.32 times on March 16, 2018 5:00:00 PM. The public issue subscribed 1.83 times in the retail category, times in the QIB category, and 0.81 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 0.81 |
| Retail | 1.83 |
| Total | 1.32 |
| Listing Date | March 26, 2018 |
| BSE Script Code | 541151 |
| NSE Symbol | |
| ISIN | INE314Z01014 |
| Final Issue Price | ₹18 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹18.00 |
| ₹18.50 |
| ₹18.00 |
| ₹18.50 |
| ₹18.00 |
Ridings Consulting Engineers India Ltd
Office No. F-24, First Floor
Pankaj Grand Plaza
Mayur Vihar-I, Delhi – 110091
Phone: +91-120-4694500
Email: info@ridingsindia.com
Website: http://www.ridingsindia.com
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: virenr@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
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Ridings Consulting Engineers IPO is a SME IPO of 3,640,000 equity shares of the face value of ₹10 aggregating up to ₹6.22 Crores. The issue is priced at ₹18 per share. The minimum order quantity is 8000 Shares.
The IPO opens on March 14, 2018, and closes on March 16, 2018.
Skyline Financial Services Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
The Ridings Consulting Engineers IPO opens on March 14, 2018 and closes on March 16, 2018.
Ridings Consulting Engineers IPO lot size is 8000 Shares, and the minimum amount required is ₹144,000.
You can apply in Ridings Consulting Engineers IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Ridings Consulting Engineers IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Ridings Consulting Engineers IPO allotment status.
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