IPO

HRH Next Services Limited IPO

NSE SME

Listed On: Jan 3, 2024 at ₹ 41.0

₹ 108000 /3000 Shares

Check Allotment

HRH Next Services Limited IPO Details

27 Dec, 2023

Open Date

29 Dec, 2023

Close Date

01 Jan, 2024

Allotment Date

03 Jan, 2024

Listing Date

Issue Price

₹36 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

NSE SME

Registrar

Cameo Corporate Services Limited

List Price

41.0

Listing Date

2024-01-03

Market Lot

3000 Shares (₹108,000/-)

Lead Manager

Finshore Management Services Limited

Issue Size

2,658,000 shares(aggregating up to ₹9.57 Cr)

Retail Portion

50%

Subscription

66.29 times

IPO Docs

RHP

HRH Next Services Limited IPO Subscription Details

As onQIB / NIIRetailTotal
Shares Offered / Reserved1,263,0001,260,0002,523,000
Day 1 - 27-12-23 06:00 PM1.12 x4.83 x2.98 x
Day 2 - 28-12-23 06:00 PM4.40 x17.33 x10.86 x
Day 3 - 28-12-23 06:00 PM66.91 x63.61 x66.29 x

HRH Next Services Limited Valuations

Earnings Per Share (EPS)

₹5.61/-

P/E Ratio

6.42

RoNW

33.29%

Net Asset Value (NAV) - Post Issue

₹N/A/-

HRH Next Services Limited Company Financials All values are in ₹ Lakh

31-Mar-2331-Mar-2231-Mar-21
Assets2,882.291,864.851,298.10
Revenue5,124.964,428.422,424.26
Profit After Tax347.7993.0325.18

About The Company

HRH Next Services Limited is a business process outsourcing service provider offering services such as chat support, backend support, voice support and email support.

The company's current business clients are from telecom, foodtech, autotech, e-commerce, fintech, education, healthcare, government, banking etc.

The company's services are

Inbound Voice Process: This department is responsible for handling customer calls on various topics. Whenever a customer calls, the company's representative endeavors to resolve the issue.

Outbound Voice Process: This department includes two services: Outbound Sales and Outbound Services. Outbound Sales includes lead generation, up-selling & cross-selling, advertising campaigns and product launch campaigns. On the other hand, Outbound Services includes customer service follow-up calls, renewal reminders, order and invoice information, problem resolution and escalations.

The company is ISO 9001:2015 certified for quality management services and ISO/IEC 27001:2022 certified for the information security management system. The company specializes in providing business process outsourcing services, inbound/outbound services via phone, email, chat, social media and digital channels, business support service, chatbot support, consulting and related advisory services.

As of November 30, 2023, HRH Next has 284 employees who handle day-to-day operations, administrative tasks, secretarial work, legal matters, marketing, and accounting functions in accordance with their respective designated goals.

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HRH Next Services Limited - Promoter(s)

Pre Issue Share Holding: 97.88%

Post Issue Share Holding: 69.61%


Company Promoter(s)

  1. Mr Ankit Sanjay Shah
  2. Mr Parikshit Pankaj Shah
  3. Mrs Tara Sanjay Shah

HRH Next Services Limited IPO - Issue Objectives

  1. Expansion of the Services by launching 2 (two) Call Centres
  2. Capital Expenditure towards purchase of Computer Systems
  3. To meet the working capital requirements
  4. To meet the Issue Expenses
  5. General Corporate Purposes

HRH Next Services Limited IPO - FAQs

Ans. HRH Next Services Limited IPO is a SME IPO. The issue is priced at ₹36 per equity share. The minimum order quantity is 3000 Shares. The IPO opens on Dec 27, 2023, and closes on Dec 29, 2023. Cameo Corporate Services Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Ans. The HRH Next Services Limited IPO opens on Dec 27, 2023 and closes on Dec 29, 2023.

Ans. The size of HRH Next Services Limited IPO is 2,658,000 shares(aggregating up to ₹9.57 Cr).

Ans. The IPO price band is set between ₹36 per equity share.

Ans. To apply for HRH Next Services Limited IPO IPO, follow the steps given below:

  • - Open the IPO Ji App or Website
  • - Find HRH Next Services Limited IPO in the List of IPOs
  • - Press "Apply" Button
  • - Select Your Demat Account
  • - Select Your Shares Quantity and Submit
  • - Track Your IPO Status

Ans. The share allotment date of HRH Next Services Limited IPO is Jan 1, 2024.

Ans. The HRH Next Services Limited IPO will be listed on Jan 3, 2024.

Ans. Follow the steps to check the allotment status for HRH Next Services Limited IPO here.