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Ridings Consulting Engineers India Ltd IPO

Add to Calendar 2018-03-14 12:00 AM 2018-03-16 12:00 AM Asia/Kolkata Ridings Consulting Engineers India Ltd IPO Ridings Consulting Engineers India Ltd India

RIDINGS CONSULTING ENGINEERS INDIA LTD (RCE) provides a range of services in the field of Underground Survey by Ground Penetrating Radar (GPR), Geospatial data creation using Remote Sensing & Satellite image and Topographical Surveying. RCE is certified ISO 9001:2000 organization since 2000 and is currently certificated as ISO 9001:2015. In addition it has awarded above average SME Rating & is now registered MSME of Government of India.

Date of establishment:  Ridings Consulting Engineers India Limited was incorporated in 1995

 

Product & Service Offering: Ridings Consulting Engineers services 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.

 

Promoters of Ridings Consulting Engineers India Limited: Mr. Sain Ditta Baveja and Mr. Sudhir Kumar Baveja are the promoter of  Ridings Consulting Engineers India Limited

Customer segment: Company’s major customers includes 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.

Objects of the Issue: The objects of the Offer is to:-
-    To Meet Working Capital Requirement
-    General Corporate Purpose
-    To Meet the Issue Expenses 

Company Financials:

 

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

 

Issue Detail

  • Issue Open: Mar 14, 2018
  • Issue Close: Mar 16, 2018
  • Issue Type: Fixed Price Issue IPO
  • Face Value: Rs 10 Per Equity Share
  • Price Band: Rs 18 Per Equity Share
  • Bid Lot:8000 Shares
  • Minimum Order Quantity:8000 Shares
  • Listing At: BSE SME
  • Issue Size: Rs 6.22 Cr

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