Business description – Ridings Consulting Engineers is engaged in 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 also provides 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.
Promoters of Ridings Consulting Engineers – Mr Sain Ditta Baveja and Mr Sudhir Kumar Baveja
| Ridings Consulting Engineers IPO details | |
| Subscription Dates | 14 – 16 March 2018 |
| IPO Price band | INR18 per share |
| Fresh issue | 3,640,000 shares (INR6.55 crore) |
| Offer for sale | Nil |
| Total IPO size | 3,640,000 shares (INR6.55 crore) |
| Minimum bid (lot size) | 8,000 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | BSE SME platform |
Use of funds
- Working Capital Requirements – INR5.00 crore
- General Corporate Expenses – INR0.80 crore
- Issue Expenses – INR0.75 crore
| Ridings Consulting Engineers’ financial performance (in INR crore) | ||||||
| FY2013 | FY2014 | FY2015 | FY2016 | FY2017 | 6M FY2018 | |
| Total revenue | 15.14 | 13.52 | 13.57 | 14.27 | 16.90 | 6.23 |
| Total expenses | 14.06 | 11.74 | 11.93 | 13.16 | 15.37 | 5.57 |
| Profit after tax | 0.74 | 1.17 | 1.07 | 0.52 | 1.02 | 0.45 |
Ridings Consulting Engineers’ Contact Details
Ridings Consulting Engineers India Limited
429-430, Block-II, 2nd Floor
Ganga Shopping Complex, Sector-29
Noida – 201303
Phone: +91Â 120 469 4500
Email: [email protected]
Website: www.ridingsindia.com
Ridings Consulting Engineers IPO Subscription Details
| Day | Subscription (no. of times) |
| Day 1 | 0.48 |
| Day 2 | 0.59 |
| Day 3 | 1.25 |
Ridings Consulting Engineers Valuation (Latest FY)
Earnings Per Share (EPS): INR1.16
Price/Earnings (P/E) ratio: 15.51
Return on Net Worth (RONW): 11.49%
Net Asset Value (NAV): INR10.06 per share
Registrar of Ridings Consulting Engineers IPO
Skyline Financial Services Pvt Ltd
A49, Gundecha Onclave, Kherani Road,
Sakinaka, Mumbai – 400 072
Maharashtra, India
Phone: +91 22 2851Â 1022
Email:Â [email protected]
Website: www.skylinerta.com
Ridings Consulting Engineers IPO Allotment Status
Ridings Consulting Engineers IPO allotment status is now available on Skyline Financial Services’ website. Click on this link to get allotment status.
Listing performance of Ridings Consulting Engineers
IPO Opening Date: 14 March 2018
IPO Closing Date: 16 March 2018
Listing Date: 26 March 2018
Listing Price on BSE SME: INR18.50 per share (up 2.77% from IPO price)
Closing Price on BSE SME: INR18 per share (no change from IPO price)
