Ridings Consulting Engineers India Ltd
Registered Office:
Office No. F-24 First Floor,Pankaj Grand Plaza Mayur Vihar,
Delhi
-
110091,
Phone : 91-11-22755585
Fax : NA
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.
Opens On
Closes On
Application
Allotment
14-Mar-18
16-Mar-18
18.00-0.00
0.00-0.00
Minimum Application for shares in Nos :
8000
Further Multiples of :
8000
(Rs.Cr)
Lead Managers to the Issue
Project Cost
6.55
Swastika Investmart Ltd
Project Financed through Current Offer
6.55
Post Issue Equity Share Capital
12.44
To meet working capital requirement
General corporate expenses
Sain Ditta Baveja
Sudhir Kumar Baveja