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.
Mr. Sain Ditta Baveja and Mr. Sudhir Kumar Baveja are the Promoters of our Company.
The promoters are holding 80,74,000 Equity Shares which in aggregate, constitutes 91.75% of the issued and paid-up Equity Share capital of our Company. The Promoter and Promoter Group will continue to hold the majority of the post- Issue paid-up equity share capital of the company.
|Particulars||For the year/period ended (in Rs. lakhs)|
|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
»» Issue Open: Mar 14, 2018 - Mar 16, 2018
»» Issue Type: Fixed Price Issue IPO
»» Issue Size: 3,640,000 Equity Shares of Rs 10 aggregating up to Rs 6.22 Cr
»» Face Value: Rs 10 Per Equity Share
»» Issue Price: Rs 18 Per Equity Share
»» Market Lot: 8000 Shares
»» Minimum Order Quantity: 8000 Shares
»» Listing At: BSE SME
Ridings Consulting Engineers IPO Subscription Status tells if Ridings Consulting Engineers IPO subscribed or not. Investors can bid for IPO shares between 10 AM to 5 PM when public issue is open. Ridings Consulting Engineers IPO oversubscribed if bids are received for more shares than what is offered by the company.
|Number of Bids Received|
|As on Date & Time||QIB||NII||RII||Others||Total|
|Shares Offered / Reserved||0||1,728,000||1,728,000||184,000||3,640,000|
|Day 1 - Mar 14, 2018 17:00 IST||0||256,000||1,504,000||-||1,760,000|
|Day 2 - Mar 15, 2018 17:00 IST||0||256,000||1,904,000||-||2,160,000|
|Day 3 - Mar 16, 2018 17:00 IST||0||1,400,000||3,160,000||-||4,560,000|
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