Chittorgarh.com
Free Trading + Demat Account

Ridings Consulting Engineers India Ltd IPO (Ridings Consulting Engineers IPO) Detail

Mar 14, 2018 - Mar 16, 2018

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.

Company Promoters:

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.

Company Financials:

Summary of financial Information (Restated)
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

Objects of the Issue:

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 Detail:

  »»  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 Reviews / Recommendations:

Dilip Davda - Other

 

Ridings Consulting Engineers IPO Subscription Status / Live Bidding Status

This section is moved. Please click 'Subscription (Live)' tab on top of the page.

 

Ridings Consulting Engineers IPO Prospectus

Ridings Consulting Engineers IPO Rating

31
3.7
Rating:Rated 3.7 stars

Vote Here ...

Ridings Consulting Engineers IPO Listing Date

  •   ›  Listing Date: Monday, March 26, 2018
  •   ›  BSE Script Code: 541151
  •   ›  NSE Symbol:
  •   ›  Listing In: M
  •   ›  ISIN: INE314Z01014
  •   ›  Issue Price: Rs 18 Per Equity Share
  •   ›  Face Value: Rs 10 Per Equity Share

Ridings Consulting Engineers IPO News Alerts

  1. Monday, May 7, 2018 12:00:00 AM
    Ridings Consulting Engineers IPO Allotment Status
  2. Monday, March 26, 2018 12:00:00 AM
    Ridings Consulting Engineers IPO Listing Date & Info
  3. Friday, March 16, 2018 12:00:00 AM
    Ridings Consulting Engineers IPO Closes on Mar 16, 2018
  4. Wednesday, March 14, 2018 12:00:00 AM
    Ridings Consulting Engineers IPO Opens on Mar 14, 2018

Company Contact Information

Ridings Consulting Engineers India Ltd
Office No. F-24, First Floor
Pankaj Grand Plaza
Mayur Vihar-I, Delhi – 110091
Phone: +91-120-4694500
Fax: +91-120-2450429
Email: info@ridingsindia.com
Website: http://www.ridingsindia.com

Ridings Consulting Engineers IPO Registrar

Skyline Financial Services Private Ltd   »  Report
   D-153A, 1st Floor,
   Okhla Industrial Area, Phase-I,
   New Delhi -110020

Phone: +91 – 11 – 2681
Fax: +91 – 11 – 30857562
Email: virenr@skylinerta.com
Website: http://www.skylinerta.com

Ridings Consulting Engineers IPO Lead Manager(s)

Guaranteed Save 60% to 90% Brokerage + Taxes

Do you know you could reduce the brokerage cost significantly by moving to another stock broker? Our expert team compared top share brokers in India to help investors like you. STOP paying Demat AMC, Brokerage in %, PCM Fee and High Stamp Duty today.

We can help you choosing the right broker. Contact us today...

@

Ridings Consulting Engineers IPO Review / Comments

avatar
10. IPOANALYSIS  Apr 4, 2018 2:02:16 AM I Like It. | Report Abuse
IPO Guru IPO Guru (1300+ Posts, 1000+ Likes)
RECEIVED 15 CRORE ORDER WHICH IS HUGE

KEEP ADDING THIS GEM FOR GREAT LONG TERM GAINS
avatar
10.1. Ankit Jain  May 8, 2018 10:46:43 AM I Like It. | Report Abuse
Sir, can we still buy in at this rate or should I hold and wait for correction?
avatar
9. lic  Mar 26, 2018 2:12:25 PM I Like It. | Report Abuse
HOLD OR SALE ? ANYONE
avatar
9.1. IPOANALYSIS  Mar 26, 2018 3:37:43 PM I Like It. 2 | Report Abuse
IPO Guru IPO Guru (1300+ Posts, 1000+ Likes)
hold
avatar
8. Ganesh Singhal  Mar 26, 2018 12:26:52 PM I Like It. 1 | Report Abuse
Please confirm listing price of riding consulting engineering.
avatar
7. IPOANALYSIS  Mar 26, 2018 10:00:20 AM I Like It. 1 | Report Abuse
IPO Guru IPO Guru (1300+ Posts, 1000+ Likes)
GOOD LISTING.
THIS SECTOR HAS HUGE GROWTH POTENTIAL. IT CAN BE MULTIBAGGER STOCK LIKE MAJESTIC RESEARCH AND FOURTH DIMENSION.
avatar
6. IPOANALYSIS  Mar 22, 2018 3:03:10 PM I Like It. 4 | Report Abuse
IPO Guru IPO Guru (1300+ Posts, 1000+ Likes)
REASON TO INVEST IN THIS COMPANY

1) NO COMPETITOR- HAVE MONOPOLY
2) EDUCATION BACKGROUND OF PROMOTERS AND DIRECTOR- IIT
3)DELHI BASED COMPANIES ALWAYS INVESTOR FRIENDLY
4) HUGE POTENTIAL GROWTH
5) PENETRATION IN INTERNATIONAL MARKET
6) CONSULTANCY COMPANY- IF STOCK DOES NOT PERFORM THEIR NAME WILL BE SPOILT


I WOULD SAY HOLD FOR LONG TERM
THIS CAN BE ANOTHER FOURTH DIMENSION SOLUTION OR MAJESTIC RESEARCH TYPE ON COMPANY. LET WEAK HANDS GET OUT OF IT
avatar
5. lic  Mar 22, 2018 10:10:51 AM I Like It. 1 | Report Abuse
ALLOTMENT OUT
TELL FOR PRICE
avatar
4. IPOANALYSIS  Mar 22, 2018 9:22:59 AM I Like It. 1 | Report Abuse
IPO Guru IPO Guru (1300+ Posts, 1000+ Likes)
This company can give excellent returns to long term investors. The business prospects are very good .no competitors and huge scope.it also have international contracts. Hold this company for atleast year
It can be another majestic research
avatar
3. Umang and his ultrasonic uproar  Mar 14, 2018 11:12:35 PM I Like It. 3 | Report Abuse
Top Contributor Top Contributor (400+ Posts, 500+ Likes)
Cadsys is peer. Cadsys was offered at 4 PE. This one comes at 15 PE.
CADSYS is cheap even at 95/100 Rs than this SME.
avatar
3.2. black & white hat  Mar 17, 2018 10:40:53 AM I Like It. 1 | Report Abuse
I agree with Umang

@ipoanalysis i haven''t gone through RCEIL RHP but know about cadsys that CADsys director is from IIT, has positive cash flow and presence in international market...so, i think you have listed positive for CADsys. right??
avatar
3.3. IPOANALYSIS  Mar 17, 2018 11:49:28 PM I Like It. 1 | Report Abuse
IPO Guru IPO Guru (1300+ Posts, 1000+ Likes)
It''s for riding consultancy. It''s director is from IIT
I don''t think it will disappoint in long run
Let''s see what happens post listing.i am positive on riding consultancy .
avatar
2. Kishor Asher  Mar 13, 2018 5:09:05 PM I Like It. 2 | Report Abuse
Very good company. Profit making company.
avatar
1. Rkg  Mar 13, 2018 4:16:09 PM I Like It. | Report Abuse
Top Contributor Top Contributor (200+ Posts)
Very risky
avatar
11.1. Deepaksha  Mar 13, 2018 4:23:29 PM I Like It. 4 | Report Abuse
Sir what are the prospects for gain on this issue. how is this issue risky.
  • Special Offers
    by Popular Stock Brokers
  • Sharekhan
    Get Free Trading + Demat Account (Rs 1150 waived on account opening) for limited time. Request a Callback.
  • Angel Broking
    Get free lifetime AMC on Demat & Trading account with Angel when you pay ₹1500 (payable in 2nd year). Get the offer
  • India Infoline (IIFL)
    Open a FREE Demat & Trading Account + Get Rs 2000 Brokerage Credit. Get the offer
  • Ventura
    Zero account opening fees for limited time. Request a Callback
  • Motilal Oswal
    Get Free Trading + Demat Account (₹500 waived on account opening) for limited time. Get the offer
  • Religare
    Get Free Trading + Demat Account for limited time. Get the offer
  • Zerodha
    Free equity delivery trading (truly no brokerage), flat ₹20 intraday and F&O trade brokerage. Get all your brokerage refunded if are profitable at the end of 60 trading days. Get the offer
  • ProStocks
    Get Free Trading + Demat Account for limited time. Request a Callback
  • 5paisa
    Get 5 free trades on new account opening + Maintain a margin of Rs 25000 and get full refund of your account opening and DP AMC. Get the offer
  • SAMCO
    Get Free Trading and Demat Account Opening + 100% Brokerage Cash Back for 1st Month for trades using Mobile App
  • Fyers
    Get FREE Trading for Limited Time + FREE Equity Delivery Trades (No Brokerage). Get the offer
  • Beeline
    Open a Lifetime free AMC Demat Account at just ₹176 + 15 days trading free. Use coupon code CHT176 for this special offer.


More About Brokers

Special Offers Broker Reports

Message Board

Stock Message Board


Search Chittorgarh.com:

Translate Chittorgarh.com: