Ridings Consulting Engineers India IPO is set to make its debut on 14th March 18 with 6.22 cr is a Delhi based company engaged in providing Geospatial Services.
Ridings Consulting Engineers India IPO – overview
| IPO Dates | 14-16 March 18 |
| IPO Price | INR 18 per share |
| Fresh issue | – |
| Offer For Sale | Nil |
| Total IPO size | 3,640,000 shares (INR 6.22 crore) |
| Minimum bid (lot size) | 8000 shares |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | BSE Emerge |
Company Overview
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.
Objects of the Issue
1. Meeting Working Capital Requirement
2. General Corporate Purpose
3. Meeting the Issue Expenses
Company Financials
| Particulars | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 |
| Total Assets | 2,358.79 | 2,252.43 | 1,925.27 |
| Total Revenue | 1,690.14 | 1,427.25 | 1,357.20 |
| Profit After Tax | 101.75 | 52.09 | 106.88 |
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: 02228511022
Email: virenr@skylinerta.com
Website: https://www.skylinerta.com/
Ridings Consulting Engineers IPO Lead Manager(s)
- Swastika Investmart Ltd (Past IPO Performance)
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
