HRH Next Services Limited IPO
- IPO Date27 Dec, 2023 to 29 Dec, 2023
- Listing Date03 Jan, 2024
- Face Value₹10 per share
- Issue Price₹36 to ₹36 per share
- Lot Size3000 Shares
- Minimum Investment₹1,08,000
- Listing AtNSE SME
- Total Issue Size26,58,000 Shares
(aggregating up to ₹9.57 Cr) - Fresh Issue26,58,000 Shares
(aggregating up to ₹9.57 Cr)
- Offer for Sale-
- Issue TypeFixed Price Issue IPO
- Share holding pre issue65,47,438
- Shareholding post issue92,05,438
IPO Dates
Closing Date
29 Dec, 2023
Initiation of Refunds
02 Jan, 2024
Listing Date
03 Jan, 2024
27 Dec, 2023
Opening Date
01 Jan, 2024
Basis of Allotment
02 Jan, 2024
Credit of Shares
HRH Next Services Limited Lot Size
Investors can bid for a minimum of 3000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| HNI (Min) | 2 | 6000 | ₹2,16,000 |
| Retail (Min) | 1 | 3000 | ₹1,08,000 |
| Retail (Max) | 1 | 3000 | ₹1,08,000 |
HRH Next Services Limited Promoter Holding
The promoters of the company are Mr Ankit Sanjay Shah, Mr Parikshit Pankaj Shah and Mrs Tara Sanjay Shah.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 97.88% | 69.61% |
Key Performance Indicator
HRH Next Services IPO Market Cap is Rs 33.14 Cr and P/E (x) is 6.42.
| KPI | Values |
|---|---|
| ROE | 39.94% |
| ROCE | 6.8% |
| RoNW | 33.29% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 6.42 | 5.61 |
| P/E (x) | 6.42 | 5.61 |
HRH Next Services Limited COMPANY INFORMATION
HRH Next Services IPO is a fixed price issue of Rs 9.57 crores. The issue is entirely a fresh issue of 26.58 lakh shares. HRH Next Services IPO bidding started from December 27, 2023 and ended on December 29, 2023. The allotment for the HRH Next Services IPO is expected to be finalized on Monday, January 1, 2024. HRH Next Services IPO will list on NSE SME with tentative listing date fixed as Wednesday, January 3, 2024. HRH Next Services IPO price is ₹36 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹108,000. The minimum lot size investment for HNI is 2 lots (6,000 shares) amounting to ₹216,000. Finshore Management Services Limited is the book running lead manager of the HRH Next Services IPO, while Cameo Corporate Services Limited is the registrar for the issue. The market maker for HRH Next Services IPO is Nikunj Stock Brokers. Refer to HRH Next Services IPO RHP for detailed information.
Incorporated in Feburary 2007, 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.
FAQs About Hrh Next Services Limited Ipo
HRH Next Services Limited IPO will open on 27 Dec, 2023 and close on 29 Dec, 2023. Investors must apply within this period to participate.
The HRH Next Services Limited IPO price band is set between ₹36.00 and ₹36.00 per share. The minimum lot size is 3000, requiring an investment of at least ₹108000.00.
The HRH Next Services Limited IPO shares are expected to be listed on 03 Jan, 2024, subject to regulatory approvals and final allotment.
You can track your HRH Next Services Limited IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The HRH Next Services Limited IPO will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.