IPO

HRH Next Services Limited IPO

NSE SME

Listed On: Jan 3, 2024 at ₹ 41.0

₹ 216000 /6000 Shares
*Min Investment

Check Allotment

27 Dec, 2023

Open Date

29 Dec, 2023

Close Date

01 Jan, 2024

Allotment Date

03 Jan, 2024

Listing Date
HRH Next Services Limited IPO Issue Details
  • Issue Price ₹36 per equity share
  • Face Value ₹10 Per Equity Share
  • Issue Price 2,658,000 shares(aggregating up to ₹9.57 Cr)
  • Listing at NSE SME
  • List Price 41.0
  • Listing Date 2024-01-03
  • Lead Manager Finshore Management Services Limited
  • Registrar Cameo Corporate Services Limited
HRH Next Services Limited IPO Details
  • Retail Portion 50%
HRH Next Services Limited IPO Documents
HRH Next Services Limited IPO Details


HRH Next Services Limited IPO is an SME IPO, priced at ₹36 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform.

The IPO bidding window is open from Dec 27, 2023 to Dec 29, 2023. The allotment is expected to be finalized on Jan 1, 2024, and the tentative listing date is Jan 3, 2024.


The registrar of the IPO is Cameo Corporate Services Limited, and

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HRH Next Services Limited IPO Subscription Analysis And Details
Retail
63.61x
Total
66.29x
As onQIB / NIIRetailTotal
Shares Offered / Reserved1,263,0001,260,0002,523,000
Day 1 27-12-23 06:00 PM
1.12 x4.83 x2.98 x
Day 2 28-12-23 06:00 PM
4.40 x17.33 x10.86 x
Day 3 28-12-23 06:00 PM
66.91 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
In Lakhs
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 HRH Next Services Limited 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)

Mr Ankit Sanjay Shah

Mr Parikshit Pankaj Shah

Mrs Tara Sanjay Shah

Pre Issue Share Holding : 97.88%

Post Issue Share Holding : 69.61%

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