IPO

Ridings Consulting Engineers India Ltd

Initial public issue of 36,40,000 equity shares of face value of Rs. 10 each ("equity shares") of Ridings Consulting Engineers India Limited ("The Company" or "Issuer") for cash at a price of Rs. 18.00 per equity share (including a share premium of Rs. 8.00 per equity share) ("Issue Price") aggregating to Rs. 6.55 crores ("Issue") of which 1,84,000 equity shares of face value of Rs. 10.00 each for a cash price of Rs. 18.00 per equity share, aggregating to Rs. 0.33 crores will be reserved for subscription by market maker ("market maker reservation portion"). The issue less the market maker reservation portion i.e. Issue of 34,56,000 equity shares of face value of Rs. 10.00 each at an issue price of Rs. 18.00 per equity share aggregating to Rs. 6.22 crores (The "Net Issue"). The issue and the net issue will constitute 29.26% and 27.78%, respectively of the post issue paid up equity share capital of the company. The Face value of the equity shares is Rs. 10 each and the issue price is Rs. 18.00. The Issue price is 1.8 times of the face value.
Issue
Opens On Closes On
14-Mar-18 16-Mar-18
Money Payable On
Application Allotment
18.00 0.00
Minimum Application for shares in Nos : 8000 Further Multiples of : 8000
Cr Lead Managers to the Issue
Project Cost (.Cr) 6.55 Swastika Investmart Ltd
Project Financed through Current Offer (.Cr) 6.55  
Post Issue Equity Share Capital (.Cr) 12.44
Issue Price () 18.00
Projects
To meet working capital requirement
General corporate expenses
Promoted By
Sain Ditta Baveja
Sudhir Kumar Baveja
Listing At
BSE - SME
Registrar to the Issue
Skyline Financial Services Pvt