Ridings Consulting Engineers IPO GMP, Review, Price, Allotment

The Ridings Consulting Engineers IPO date has been confirmed from March 14, 2018, and ended on March 16, 2018. Read the post to learn about Ridings Consulting Engineers IPO GMP.

With a fixed price offering, the IPO of Ridings Consulting Engineers Developers amounts to Rs 6.22 crores. Each share of Ridings Consulting Engineers Developers is priced at ₹18 for its IPO. To participate in the Ridings Consulting Engineers Developers IPO, investors must purchase a minimum of 8000 shares. The Ridings Consulting Engineers Developers IPO demands a minimum investment threshold of ₹144,000 for retail investors.

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Key Details Of Ridings Consulting Engineers IPO:

Ridings Consulting Engineers IPO GMP

The Ridings Consulting Engineers IPO GMP is ₹[.].

Ridings Consulting Engineers IPO Overview​

Ridings Consulting Engineers is introducing an IPO at a fixed price of Rs 6.22 crores. Ridings Consulting Engineers’ IPO auction began on March 14, 2018, wrapping up on March 16, 2018. The BSE SME incorporated the shares into its listings on March 26, 2018. Ridings Consulting Engineers is going public with shares priced at ₹18 each. Applicants must adhere to a minimum lot size of 8000 Shares, and retail investors are obligated to invest a minimum of ₹144,000.

With a longstanding track record, Ridings Consulting Engineers has established strong partnerships with prominent clients like Reliance Jio, Airtel, L&T, TCS, Tom Tom, HERE (previously NavTeq), Reliance ADA, TATA, Jacobs Zate, Mott McDonald, alongside government entities and utility providers. As of September 30, 2017, the company employed 82 individuals, including Key Management Personnel.

Certified under ISO 9001:2015, this company provides professional training and services covering Topographical Ground Survey, Cartography, Digitization, Database management, Software Development/Customization, GIS, Engineering domains, Surveying and Design, Remote Sensing, and Digital Photogrammetry Applications.

Ridings Consulting Engineers IPO Details

IPO Date	March 14, 2018 to March 16, 2018
Listing Date	March 26, 2018
Face Value	₹10 per share
Price	₹18 per share
Lot Size	8000 Shares
Total Issue Size	3,640,000 shares (aggregating up to ₹6.22 Cr)
Issue Type	Fixed Price Issue IPO
Listing At	BSE SME
Market Maker portion	184,000 shares

Ridings Consulting Engineers 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

Ridings Consulting Engineers IPO Listing Details

Listing Date	March 26, 2018
BSE Script Code	541151
NSE Symbol
ISIN	INE314Z01014
Final Issue Price	₹18 per share

Company Profile​

telecommunication networks, water supply systems, and sewage systems. The company offers services 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 and government entities in the fields of telecom, oil and gas, public utilities and so on in India, Bahrain and elsewhere.

IPO Strengths

• Experienced promoters and a competent management team.
• Well-established relationships with a loyal customer base.
• Access to markets worldwide, enabling global reach.

IPO Weakness

• Heavy reliance on customers based in the United States.
• Need to adhere to multiple laws and regulations in these countries to ensure compliance.
• Competition from other players in the market.

Ridings Consulting Engineers IPO FAQs