Ridings Consulting Engineers India Ltd - Prospectus Synopsis

Ridings Consulting Engineers India Ltd RHP

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

Phone : 91-11-22755585  Fax :

Email : info@ridingsindia.com    Website : www.ridingsindia.com

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 Money Payable On
Opens On Closes On Application Allotment
14-Mar-2018 16-Mar-2018 Rs 18 - 0 Rs 0 - 0
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  
Issue Price Rs. 18  
Projects
To meet working capital requirement
Promoted By Listing At Registrar to the Issue
Sain Ditta Baveja
Sudhir Kumar Baveja
BSE - SME Skyline Financial Services Pvt
 

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