Ridings Consulting Engineers India Ltd IPO

Closed

Subscription Details

  • Open Date 14 Mar
  • Close Date 16 Mar
  • Lot Size 8000
  • IPO Size ₹ 6.55 Cr
  • IPO Price Range ₹ 18
  • Min Investment ₹ 144000

Ridings Consulting Engineers India Ltd IPO Timeline

Open Date
14 Mar
Close Date
16 Mar
Basis of Allotment
-
Refunds
-
Credit to Demat Account
-
Listing Date
-

IPO Synopsis

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.

How to apply for an IPO?

  • Login to your 5paisa account and select the issue in the current IPO section

  • Enter the number of lots and price at which you wish to apply for

  • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange

  • You will receive a mandate notification to block funds in your UPI app

  • Approve the mandate request on your UPI and funds will be blocked

Contact Details of Ridings Consulting Engineers India Ltd IPO

Contact Information

Address

Office No. F-24 First Floor,
Pankaj Grand Plaza Mayur Vihar,
Delhi, Delhi 110091

Ridings Consulting Engineers India Ltd IPO Lead Manager

Swastika Investmart Ltd
Open Demat Account