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Ridings Consulting Engineers IPO is a fixed price issue of ₹6.55 crores. The issue is entirely a fresh issue of 0.36 crore shares of ₹6.55 crore.
Ridings Consulting Engineers IPO bidding started from Mar 14, 2018 and ended on Mar 16, 2018. The shares got listed on BSE SME on Mar 26, 2018.
Ridings Consulting Engineers IPO price is ₹18.00 per share . The lot size for an application is 8,000. The minimum amount of investment required by an individual investor (retail) is ₹1,44,000 (8000 shares). The minimum lot size investment for HNI is 2 lots (16,000 shares), amounting to ₹2,88,000.
Swastika Investmart Ltd. is the book running lead manager and Skyline Financial Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Beeline Broking Ltd..
Refer to Ridings Consulting Engineers IPO RHP for detailed Information.
| IPO Date | March 14, 2018 to March 16, 2018 |
| Listing Date | March 26, 2018 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹18 per share |
| Lot Size | 8,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 36,40,000 shares (aggregating up to ₹6.55 Cr) |
| Reserved for Market Maker | 1,84,000 shares Beeline Broking Ltd. (aggregating up to ₹0.3312 Cr) |
| Net Offered to Public | 34,56,000 shares (aggregating up to ₹6.22 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 88,00,000 shares |
| Share Holding Post Issue | 1,24,40,000 shares |
Ridings Consulting Engineers IPO offers total 36,40,000 shares. Out of which 17,28,000 (47.47%) allocated to NII, 17,28,000 (47.47%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,84,000 (5.05%) |
| NII (HNI) Shares Offered | 17,28,000 (47.47%) |
| Retail Shares Offered | 17,28,000 (47.47%) |
| Total Shares Offered | 36,40,000 (100.00%) |
Ridings Consulting Engineers IPO opens on March 14, 2018, and closes on March 16, 2018.
| IPO Open Date | Wed, Mar 14, 2018 |
| IPO Close Date | Fri, Mar 16, 2018 |
| Tentative Listing Date | Mon, Mar 26, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Mar 16, 2018 |
Investors can bid for a minimum of 8,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 8,000 | ₹1,44,000 |
| Retail (Max) | 1 | 8,000 | ₹1,44,000 |
| HNI (Min) | 2 | 16,000 | ₹2,88,000 |
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.
| 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 | |
The Company Ridings Consulting Engineers IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | To Meet Working Capital Requirement | 5.00 |
| 2 | General Corporate Expenses | 0.80 |
[Dilip Davda] <p>Considering inconsistent track record and aggressive pricing of the issue, cash surplus risk savvy investors may consider investment for long term. </p> Read detail review...
| Listing Date | March 26, 2018 |
| BSE Script Code | 541151 |
| NSE Symbol | |
| ISIN | INE314Z01014 |
| Final Issue Price | ₹18 per share |
| BSE Listing Group | M |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹18.00 |
| Open | ₹18.50 |
| Low | ₹18.00 |
| High | ₹18.50 |
| Last Trade | ₹18.00 |
Ridings Consulting Engineers India Ltd.
Office No. F-24, First Floor
Pankaj Grand Plaza
Mayur Vihar-I,
Delhi, New Delhi, 110091
Phone: +91-120-4694500
Email: info@ridingsindia.com
Website: http://www.ridingsindia.com
Skyline Financial Services Pvt.Ltd.
Phone: 02228511022
Email: virenr@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
Ridings Consulting Engineers IPO is a SME IPO of 36,40,000 equity shares of the face value of ₹10 aggregating up to ₹6.55 Crores. The issue is priced at ₹18 per share. The minimum order quantity is 8000.
The IPO opens on March 14, 2018, and closes on March 16, 2018.
Skyline Financial Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Ridings Consulting Engineers IPO using UPI as a payment gateway. Zerodha customers can apply in Ridings Consulting Engineers IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Ridings Consulting Engineers IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Ridings Consulting Engineers IPO opens on March 14, 2018 and closes on March 16, 2018.
Ridings Consulting Engineers IPO lot size is 8000, and the minimum amount required for application is ₹1,44,000.
You can apply in Ridings Consulting Engineers IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, 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.
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