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

Ridings Consulting Engineers IPO Details

IPO Opening DateMar 14, 2018
IPO Closing DateMar 16, 2018
Issue TypeFixed Price Issue IPO
Face Value₹10 per equity share
IPO Price₹18 per equity share
Market Lot8000 Shares
Min Order Quantity8000 Shares
Listing AtBSE SME
Issue Size3,640,000 Eq Shares of ₹10
(aggregating up to ₹6.22 Cr)

Ridings Consulting Engineers IPO Lot Size

The Ridings Consulting Engineers IPO market lot size is 8000 shares. A retail-individual investor can apply for up to 1 lots (8000 shares or ₹144,000).

ApplicationLotsSharesAmount (Cut-off)
Minimum18000₹144,000
Maximum18000₹144,000

Ridings Consulting Engineers IPO Subscription Status (Bidding Detail)

The Ridings Consulting Engineers IPO is subscribed 1.32x times on Mar 16, 2018 17:00. The public issue subscribed 1.83x in the retail category, in the QIB category, and 0.81x in the NII category. Check Day by Day Subscription Details (Live Status)

CategoryIPO Subscription
NII

0.81x

RII

1.83x

Total

1.32x

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 DateMonday, March 26, 2018
BSE Script Code541151
NSE Symbol
Listing InM Group of Securities
ISININE314Z01014
IPO Price₹18 per equity share
Face Value₹10 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
Volume
BSE SME
₹18.00
₹18.50
₹18.00
₹18.50
₹18.00
2,440,000

Ridings Consulting Engineers IPO Reviews / Ratings

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
Email: info@ridingsindia.com
Website: http://www.ridingsindia.com

Ridings Consulting Engineers IPO Registrar

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

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

Ridings Consulting Engineers IPO Lead Manager(s)

Ridings Consulting Engineers IPO FAQs

  1. What is Ridings Consulting Engineers IPO?

    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 equity share. The minimum order quantity is 8000 Shares.

    The IPO opens on Mar 14, 2018, and closes on Mar 16, 2018.

    Skyline Financial Services Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

  2. When Ridings Consulting Engineers IPO will open?

    The Ridings Consulting Engineers IPO opens on Mar 14, 2018 and closes on Mar 16, 2018.

  3. What is the lot size of Ridings Consulting Engineers IPO?

    Ridings Consulting Engineers IPO lot size is 8000 Shares and the minimum order quantity is 8000 Shares.

  4. How to apply for Ridings Consulting Engineers IPO?

    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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

  5. When Ridings Consulting Engineers IPO allotment?

    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.

  6. When is Ridings Consulting Engineers IPO listing date?

    The Ridings Consulting Engineers IPO listing date is on Monday, March 26, 2018.

Ridings Consulting Engineers IPO Message Board

Ranked Members  Ranked Members

Loading...
10. IPOANALYSIS |Apr 4, 2018 02:02
IPO Guru IPO Guru (1900+ Posts, 1500+ Likes)
RECEIVED 15 CRORE ORDER WHICH IS HUGE

KEEP ADDING THIS GEM FOR GREAT LONG TERM GAINS
10.1. Ankit Jain |May 8, 2018 10:46
Sir, can we still buy in at this rate or should I hold and wait for correction?
9. lic |Mar 26, 2018 14:12
HOLD OR SALE ? ANYONE
9.1. IPOANALYSIS |Mar 26, 2018 15:37
IPO Guru IPO Guru (1900+ Posts, 1500+ Likes)
hold
8. Ganesh Singhal |Mar 26, 2018 12:26
Please confirm listing price of riding consulting engineering.
7. IPOANALYSIS |Mar 26, 2018 10:00
IPO Guru IPO Guru (1900+ Posts, 1500+ Likes)
GOOD LISTING.
THIS SECTOR HAS HUGE GROWTH POTENTIAL. IT CAN BE MULTIBAGGER STOCK LIKE MAJESTIC RESEARCH AND FOURTH DIMENSION.
6. IPOANALYSIS |Mar 22, 2018 15:03
IPO Guru IPO Guru (1900+ Posts, 1500+ 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
5. lic |Mar 22, 2018 10:10
ALLOTMENT OUT
TELL FOR PRICE
4. IPOANALYSIS |Mar 22, 2018 09:22
IPO Guru IPO Guru (1900+ Posts, 1500+ 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
3. Umang and his ultrasonic uproar |Mar 14, 2018 23:12
IPO Mentor IPO Mentor (500+ 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.
3.2. black & white hat |Mar 17, 2018 10:40
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 |Mar 17, 2018 23:49
IPO Guru IPO Guru (1900+ Posts, 1500+ 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 .
2. Kishor Asher |Mar 13, 2018 17:09
Very good company. Profit making company.
1. Rkg |Mar 13, 2018 16:16
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Very risky
1.1. Deepaksha |Mar 13, 2018 16:23
Sir what are the prospects for gain on this issue. how is this issue risky.







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