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HRH Next Services Ltd.

IPO Details · GMP · Subscription · Financials

✅ Listed NSE SME SME Live Chart
Issue Price
₹36
Per Share
GMP
NIL
Grey Market
Est. Listing
₹36
Expected Price
Min. Application
₹216,000
2 lots × 3000 shares
IPO Issue Details
Issue Price / Price Band₹36 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size3,000 Shares per Lot
Total Issue Size26,58,000 shares (aggregating up to ₹9.57 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformNSE SME
IPO TypeSME
Subscription OpenWed, 27 Dec 2023
Subscription CloseFri, 29 Dec 2023
Anchor AllotmentTue, 26 Dec 2023
Basis of AllotmentMon, 01 Jan 2024
Initiation of RefundsTue, 02 Jan 2024
Credit of Shares to DematTue, 02 Jan 2024
Listing DateWed, 03 Jan 2024
UPI Mandate Deadline2023-12-29
Application & Investment Details
Retail — Min (1 Lots)₹1,08,000 — 3,000 shares
Retail — Max (13 Lots)₹1,404,000 (13 Lots)
HNI — Min (2 Lots)₹2,16,000 — 6,000 shares
EPS (Pre-IPO)₹5.31
EPS (Post-IPO)₹3.28
P/E Ratio (Pre-IPO)6.78x
P/E Ratio (Post-IPO)10.99x
Net Offer to Public25,23,000 shares (aggregating up to ₹9.08 Cr)
Reserved for Market Maker1,35,000 shares (aggregating up to ₹0.4860 Cr)
Pre-IPO Promoter Holding65,47,438 shares
Post-IPO Promoter Holding92,05,438 shares
About HRH Next Services Ltd.

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 areInbound 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.

Objects of the Issue

HRH Next Services Ltd. proposes to utilise the net proceeds from the Issue for the following objects:

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
Shareholding & Lock-in
Pre-IPO Promoter Holding 65,47,438 shares
Post-IPO Promoter Holding 92,05,438 shares
Check AllotmentCheck Status →
HRH Next Services Ltd. — Live Price LIVE
₹36.00
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Issue ₹36.00 Live Price
Quick Facts
GMP Signal ⚪ No GMP
StatusListed
Issue Price₹36
GMPNIL
Est. Listing₹36
Lot Size3,000 shares
Min Amount₹216,000
Listing Date03 Jan 2024
Disclaimer: GMP is unofficial and unregulated. It does not guarantee actual listing price.
Listing Performance
Issue Price₹36
Listing Date03 Jan 2024
Listing Price
Listing Gain/Loss—%
52-Week High
52-Week Low
Issue Structure & Reservation
Category Shares Offered % Issue Amount (₹ Cr)* Subscription
Market Maker 135,000 ₹0.49 Cr
TOTAL 2,658,000 100.00% ₹9.57 Cr
* Based on ₹36.00 (upper price band)
Lot Size & Investment Details
Lot Size
3,000
Shares
Issue Price
₹36.00
Per Share
Min Investment
₹108,000
1 Lot
Category Lots Shares Amount (₹)
Retail (Min) 1 3,000 ₹108,000
Retail (Max) 13 39,000 ₹1,404,000
sNII (Min) 14 42,000 ₹1,512,000
bNII (Min) 68 204,000 ₹7,344,000
Company Financials — Restated Consolidated (Amount in ₹ Lakhs)
Particulars30 Sep 202331 Mar 202331 Mar 2022
Revenue from Operations 2152.51 5124.96 4428.42
EBITDA N/A N/A N/A
Profit After Tax (PAT) 150.84 347.79 93.03
Net Worth 1320.71 1044.79 697.00
Total Assets 3113.86 2882.29 1864.85
Reserves & Surplus 665.96 1024.79 677.00
Total Borrowings 1083.77 990.57 442.58
Key Ratios & Valuation
Issue Price ₹36
Face Value ₹10 Per Share
P/BV 2.14
RoE 39.94%
RoCE 6.80%
RoNW 33.29%
PAT Margin (%) N/A
EBITDA Margin (%) N/A
Debt / Equity 0.12
Company Details
Company
HRH Next Services Ltd.
Exchange
NSE SME
IPO Type
SME IPO
Issue Type
Fixed Price IPO
Face Value
₹10 Per Share
Script Code
N/A
Address
4-1-976, Abid Road, Hyderabad, Telangana, 500001
Book Running Lead Managers
Finshore Management Services Ltd
Book Running Lead Manager (BRLM)