FREE Account Opening + No Clearing Fees
Loading...

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

March 14, 2018 - March 16, 2018

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.

Ridings Consulting Engineers IPO Details

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 Size3,640,000 shares
(aggregating up to ₹6.22 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Market Maker portion184,000 shares

Ridings Consulting Engineers IPO Reservation

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 Offered184,000 (4.81%)
Other Shares Offered1,728,000 (45.19%)
Retail Shares Offered1,728,000 (45.19%)
Other Shares Offered184,000 (4.81%)
Total Shares Offered3,824,000 (100%)

Ridings Consulting Engineers IPO Lot Size

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

About Ridings Consulting Engineers India Ltd

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 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 (Ridings Consulting Engineers IPO Objectives)

The object of the issue is to raise funds for:

1. Meeting Working Capital Requirement
2. General Corporate Purpose
3. Meeting the Issue Expenses

Ridings Consulting Engineers IPO Review (May apply)

[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...


Ridings Consulting Engineers IPO Subscription Status (Bidding Detail)

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)

CategorySubscription (times)
Other0.81
Retail1.83
Total1.32

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 Details

Listing Date March 26, 2018
BSE Script Code 541151
NSE Symbol
ISIN INE314Z01014
Final Issue Price ₹18 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE SME
₹18.00
₹18.50
₹18.00
₹18.50
₹18.00

Check IPO Performance…

Ridings Consulting Engineers India Ltd Contact Details

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

Ridings Consulting Engineers IPO Registrar

Skyline Financial Services Private Ltd

Phone: 02228511022
Email: virenr@skylinerta.com
Website: https://www.skylinerta.com/ipo.php

Ridings Consulting Engineers IPO - Buy or Not

Ridings Consulting Engineers IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 1 0 0
Members 0 0 0

Read All Reviews Post Your Review Manage Reviews

Ridings Consulting Engineers IPO Lead Manager(s)

SME IPO Enquiry

SME Company Owners
We could help you get listed on the stock market.

Contact us Today

Check our SME IPO Guide New

Ridings Consulting Engineers IPO FAQs

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.

The Ridings Consulting Engineers IPO listing date is on March 26, 2018.
Open an Instant Account with Zerodha

Ridings Consulting Engineers IPO Message Board

Ranked Members of Chittorgarh.com Forum  Ranked Members | Members with Most Likes

Loading...

16 Comments

10. IPOANALYSIS |   Link |  Bookmark |April 4, 2018 2:02:16 AM
RECEIVED 15 CRORE ORDER WHICH IS HUGE

KEEP ADDING THIS GEM FOR GREAT LONG TERM GAINS
10.1. Ankit Jain |   Link |  Bookmark |May 8, 2018 10:46:43 AM
Sir, can we still buy in at this rate or should I hold and wait for correction?
9. lic |   Link |  Bookmark |March 26, 2018 2:12:25 PM
HOLD OR SALE ? ANYONE
9.1. IPOANALYSIS |   Link |  Bookmark |March 26, 2018 3:37:43 PM
hold
8. Ganesh Singhal |   Link |  Bookmark |March 26, 2018 12:26:52 PM
Please confirm listing price of riding consulting engineering.
7. IPOANALYSIS |   Link |  Bookmark |March 26, 2018 10:00:20 AM
GOOD LISTING.
THIS SECTOR HAS HUGE GROWTH POTENTIAL. IT CAN BE MULTIBAGGER STOCK LIKE MAJESTIC RESEARCH AND FOURTH DIMENSION.
6. IPOANALYSIS |   Link |  Bookmark |March 22, 2018 3:03:10 PM
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
5. lic |   Link |  Bookmark |March 22, 2018 10:10:51 AM
ALLOTMENT OUT
TELL FOR PRICE
4. IPOANALYSIS |   Link |  Bookmark |March 22, 2018 9:22:59 AM
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
3. Umang and his ultrasonic uproar |   Link |  Bookmark |March 14, 2018 11:12:35 PM
IPO Guru IPO Guru (1100+ Posts, 800+ 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.
3.2. black & white hat |   Link |  Bookmark |March 17, 2018 10:40:53 AM
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??
3.3. IPOANALYSIS |   Link |  Bookmark |March 17, 2018 11:49:28 PM
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 .
2. Kishor Asher |   Link |  Bookmark |March 13, 2018 5:09:05 PM
Very good company. Profit making company.
1. Rkg |   Link |  Bookmark |March 13, 2018 4:16:09 PM
Top Contributor Top Contributor (500+ Posts, 200+ Likes)
Very risky
1.1. Deepaksha |   Link |  Bookmark |March 13, 2018 4:23:29 PM
Sir what are the prospects for gain on this issue. how is this issue risky.