HRH Next Services IPO
The initial public offering (IPO) of HRH Next Services will open for subscription on December 27 and close on December 29, it is a fresh issue of Rs.9.57 Crores. An investor can apply for the issue for a minimum of 3000 shares and the listing will happen on January 03, 2024.
#1. Quick Intro of HRH Next Services
HRH Next Services Limited (2007) is a Business Processing Outsourcing (BPO) company that covers inbound services, outbound services, backend support, chat support, email support, etc.
The company engaged in this business for more than a decade, Telecom, foodtech, Autotech, E-commerce, Fintech, Education, etc are on the prime client list.
Check out the IPO allotment status on IPO Deliver.
#2. IPO Object of HRH Next Services
The company intends to use the IPO Funds for the following purposes:
- Expansion of services by launching 2 call centers
- Capital Expenditure towards the purchase of computer systems
- Meet the company’s working capital requirement
- General corporate-related and issue-related expenses
#3. HRH Next Services Core Strengths
- Superior process solutions
- Quality assurance and standards
- Excellent infrastructure and technology
- Quality Service
- Experienced management team
#4. HRH Next Services IPO Review & Rating
| Issue Size | Rs.9.57 Crore |
| Issue Price | Rs.36 per share |
| Minimum Lot Size | 3000 Shares |
| Total Profit (March 2023) | Rs.3.47 Crore |
| P/E (x) | 6.42 |
| ROCE | 6.80 |
| Listing on | NSE SME |
| IPO Deliver Rating | One |
#5. HRH Next Services IPO Dates, Price Band & Details
HRH Next Services IPO will open on December 27, 2023, and close on December 29, 2023. The IPO is to be listed on January 03, 2024.
| Type of issue | Fixed Price Issue IPO |
| Issue Size | Rs. 9.57 Crore |
| Issue Price | Rs. 36 Per Share |
| Face Value | Rs. 10/- per share |
| IPO Open Date | December 27, 2023 |
| IPO Close Date | December 29, 2023 |
| IPO Allotment Date | January 01, 2024 |
| Refund Date | January 02, 2024 |
| Share Credit Date | January 02, 2024 |
| Listing Date | January 03, 2024 |
#6. HRH Next Services IPO Offer Details
HRH Next Services IPO’s total issue size is 26,58,000 shares, comprising the below-mentioned categories.
| Offer Category | Shares Offer | Amount (Crore) |
| Fresh Issue | 26,58,000 | 9.57 |
| Offer for Sale (OFS) | – | – |
#7. HRH Next Services Financials Overview (Lakhs)
The following table sets forth the summary of financial information of the company for the financial year ending March 31, 2023, 2022, and 2021.
| Category (Rs.) | March 31, 2023 | March 31, 2022 | March 31, 2021 |
| Total Revenue | 5124.96 | 4428.42 | 2424.26 |
| Net Worth | 1044.76 | 677.00 | 603.97 |
| Profit | 347.79 | 93.03 | 25.18 |
| Total Borrowings | 990.57 | 442.58 | 401.88 |
#8. HRH Next Services Quantitative Factors
The following table sets forth the summary of financial information of the company for the financial year ending March 31, 2023, 2022, and 2021.
| Category | March 31, 2023 | March 31, 2022 | March 31, 2021 |
| EPS (Rs.) | 5.61 | 1.50 | 0.41 |
| RoNW (%) | 33.29 | 13.35 | 4.17 |
| NAV (Rs.) | 16.85 | – | – |
#9. HRH Next Services Comparison with Other Peer Companies
Listed companies in India are comparable in all aspects of the business.
| Company Names | Total Revenue
(Rs. in Lakhs)) |
RoNW (%) | NAV (Rs.) |
| Platinumone Business Service | 2,617.97 | 16.43 | 88.40 |
| Kandarp Digi Smart BPO | 1,611.28 | 6.05 | 18.81 |
#10. HRH Next Services Company Promoters
The company has three promoters as per the Draft Red Herring Prospectus (DRHP) and Red Herring Prospectus (RHP).
| Sr. No. | Name of Promoters |
| 01. | Ankit Sanjay Shah |
| 02. | Parikshit Pankaj Shah |
| 03. | Tara Sanjay Shah |
#11. HRH Next Services Pre-offer and Post-Offer Promoters Shareholding
| Promoters Holding | Percentage (%) |
| Pre-issue | 97.88 |
| Post-issue | 69.61 |
#12. HRH Next Services IPO Reservation Details
HRH Next Services IPO total reservation shares are distributed between the below-mentioned categories.
| Category | Share Offered |
| Retail Individual Investor (RII) | Not more than 50% of the issue size |
| Others | Not more than 50% of issue size |
#13. HRH Next Services IPO – Lot Size
An investor can apply for a minimum of 3000 Shares in multiple thereof. Market lot sizes for the retail individual investors and non-institutional investor (NII)/ HNI investors are as follows:
| Application | Lot Size | No. of Shares | Amount (Rs.) |
| Retail (Min.) | 1 | 3000 | 1,08,000 |
| Retail (Max.) | 1 | 3000 | 1,08,000 |
| HNI (Min.) | 2 | 6000 | 2,16,000 |
| HNI (Max.) | – | – | – |
#14. HRH Next Services IPO – Prospectus Copy
An investor can download/view the HRH Next Services prospectus copy, which the company filed to SEBI, details are as follows.
| HRH Next Services IPO Prospectus |
| HRN Next Service IPO (DHRP) |
| HRN Next Service IPO (RHP) |
#15. HRH Next Services IPO Registrar
Cameo Corporate Services Limited
Phone No.: +91-4428 460390
E-Mail: ipo@cameoindia.com
Website: www.cameoindia.com
#16. HRH Next Services IPO Lead Manager
Finshore Management Services Limited
Phone No.: +91-033-22895101
E-Mail: info@inshoregroup.com
Website: www.inshoregroup.com
#17. HRH Next Services IPO Application (How to Apply for an IPO)
There are three primary options for applying for an HRH Next Services IPO, details are as follows:
Option-1 Apply for IPO through Internet Banking
Step-1. Log into your bank account.
Step-2. In the invest Tab, you will see ASBA, click on it.
Step-3. Choose to apply for IPO and select the ongoing IPO “HRH Next Services Limited”
Step-4. Enter the basic details like bid quantity, price, PAN, etc. then proceed with payment.
Step-5. After the above steps, the respective amount will get blocked until the allotment date, and after that, it will get a refund/debited in case of rejection/allotment respectively.
Option-2 Apply for IPO through a Broker firm
Step-1. Log into your broker account (e.g. Upstox/Zerodha etc.)
Step-2. Click on the IPO tab and select the ongoing IPO “HRH Next Services Limited”
Step-3. Enter the basic details like bid quantity, price, PAN, etc. then enter UPI ID and proceed with payment.
Step-4. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your account or refunded if no allotment is made to you.
Option-3 Apply for IPO Offline Mode Bank mode
Step-1. Visit the nearest branch of your bank.
Step-2. Fill out the ASBA form and submit it with KYC details.
Step-3. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your bank account or refunded if no allotment is made to you.
#18. HRH Next Services Company Details
HRH Next Services Limited
Registered Office: 4-1-976, Abid Road, Hyderabad-500001, Telangana, India
Phone No: +91-9553604777
Email: cs@hrhnext.com
Website: www.hrhnext.com
Investor Grievances/Compliance Officer: Aakash Tiwari
#19. HRH Next Services Subsidiary Companies (Top 2)
| Sr.No. | Name of Companies |
| 01. | – |
| 02. | – |
#20. HRH Next Services Company Board (Top 2)
| Sr. No. | Name of Directors |
| 01. | Ankit Sanjay Shah |
| 02. | Parikshit Pankaj Shah |
HRH Next Services IPO – Frequently Asked Questions (FAQs)
| #1. What is HRH Next Services IPO?
HRH Next Services brings its IPO of Rs.9.57 Crore, on December 27, 2023, with a price band of Rs.36 per share. |
| #2. What is the HRH Next Services IPO Open date?
HRH Next Services IPO’s opening date is December 27, 2023. |
| #3. What is the HRH Next Services IPO Close Date?
HRH Next Services IPO’s closing date is December 29, 2023. |
| #4. What is the HRH Next Services IPO Listing date?
HRH Next Services’s IPO listing date is January 03, 2024. |
| #5. What is the HRH Next Services IPO Minimum investment amount?
HRH Next Services IPO’s minimum investment amount is Rs.108,000. |
| #6. What is the HRH Next Services IPO offer issue Size?
HRH Next Services offers an issue size of Rs.9.57 Crores. |
| #7. What is the HRH Next Services IPO Price Band?
HRH Next Services’s IPO price band is Rs.36 per share. |
| #8. Is HRH Next Services IPO mainboard IPO or SME IPO?
HRH Next Services IPO is an SME IPO. |
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