Chittorgarh.com Logo
Loading...

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 Date Mar 14, 2018
IPO Closing Date Mar 16, 2018
Issue Type Fixed Price Issue IPO
Face Value ₹10 per equity share
IPO Price ₹18 per equity share
Market Lot 8000 Shares
Min Order Quantity 8000 Shares
Listing At BSE 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).

Application Lots Shares Amount (Cut-off)
Minimum 1 8000 ₹144,000
Maximum 1 8000 ₹144,000

Ridings Consulting Engineers IPO Review

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 3/16/2018 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)
NII0.81
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 Date

Listing Date Monday, March 26, 2018
BSE Script Code 541151
NSE Symbol
Listing In M Group of Securities
ISIN INE314Z01014
IPO Price ₹18 per equity share
Face Value ₹10 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE SME
₹18.00
₹18.50
₹18.00
₹18.50
₹18.00

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

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

Ridings Consulting Engineers IPO Reviews / Ratings

Ridings Consulting Engineers IPO Lead Manager(s)

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 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.

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

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

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.

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 Monday, March 26, 2018.

Ridings Consulting Engineers IPO Message Board

Ranked Members  Ranked Members

Loading...

16 Comments

10. IPOANALYSIS |Apr 4, 2018 3:02:16 AM
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 11:46:43 AM
Sir, can we still buy in at this rate or should I hold and wait for correction?
9. lic |Mar 26, 2018 3:12:25 PM
HOLD OR SALE ? ANYONE
9.1. IPOANALYSIS |Mar 26, 2018 4:37:43 PM
IPO Guru IPO Guru (1900+ Posts, 1500+ Likes)
hold
8. Ganesh Singhal |Mar 26, 2018 1:26:52 PM
Please confirm listing price of riding consulting engineering.
7. IPOANALYSIS |Mar 26, 2018 11:00:20 AM
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 4:03:10 PM
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 11:10:51 AM
ALLOTMENT OUT
TELL FOR PRICE
4. IPOANALYSIS |Mar 22, 2018 10:22:59 AM
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 15, 2018 12:12:35 AM
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 11:40:53 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 |Mar 18, 2018 12:49:28 AM
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 6:09:05 PM
Very good company. Profit making company.
1. Rkg |Mar 13, 2018 5:16:09 PM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Very risky
1.1. Deepaksha |Mar 13, 2018 5:23:29 PM
Sir what are the prospects for gain on this issue. how is this issue risky.