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:



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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

Current Bidding Status

Number of Times Subscribed (BSE + NSE)
As on Date & Time QIB NII RII Employee Others Total
Shares Offered / Reserved 0 1,728,000 1,728,000 - 184,000 3,640,000
Day 1 - Mar 14, 2018IST 0 256,000 1,504,000 - - 1,760,000
Day 2 - Mar 15, 2018IST 0 256,000 1,904,000 - - 2,160,000
Day 3 - Mar 16, 2018IST 0 1,400,000 3,160,000 - - 4,560,000

Listing Day Trading Information

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