HRH Next Services Limited

Offer PeriodDec 27, 2023 – Dec 29, 2023

Dec 27, 2023 – Dec 29, 2023

NSE - SMEListed

Listed Price:

₹41.00

(+13.89%)

Price Band₹36 - ₹36

Lot Size3,000 Shares

Allotment DateJan 01, 2024

Listing DateJan 03, 2024

Subscription65.31 Times

Issue Size₹9.57 Cr

Check Allotment

Share IPO Trend

IPO Details

Subscription

Lot Distribution

Reservation

Company Fin.

₹5
(13.89%)

Premium (ELP)

HRH Next Services Limited's successfully completed its Initial Public Offering and commenced trading on Jan 03, 2024 at the NSE exchange. The company raised 26,58,000 Shares through this public offering, comprising 26,58,000 Shares in fresh capital.

The IPO was priced within the band of ₹36 to ₹36, with minimum application lots of 3000 shares. The offering attracted significant investor interest during its subscription period from Dec 27, 2023 to Dec 29, 2023.

Share allotment was finalized on Jan 01, 2024, distributing equity to successful applicants. The stock's subsequent listing marked a significant milestone in the company's corporate history, providing public market liquidity to shareholders.

HRH Next IPO Details

IPO Date

Dec 27, 2023 to Dec 29, 2023

Allotment Date

Jan 01, 2024

List Date

Jan 03, 2024

Lot Size

3,000 share

Issue Price

₹36 - ₹36

Issue Size

26,58,000 (aggregating up to 9.57 Cr)

Fresh Issue

26,58,000 (aggregating up to 9.57 Cr)

Offer For Sale

Listing At

NSE

Share Holding Pre-Issue

65,47,438

Share Holding Post-Issue

92,05,438

Market Marker Portion

1,35,000

First time applying for an IPO? Read our guide on How to Apply for an IPO & Bidding Timings.

Lot(s) Distribution

Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.

Category	Lot(s)	Qty	Amount

Category	Lot(s)	Qty	Amount
Retail (Min)	1	3000	1,08,000
HNI	2	6000	2,16,000

IPO Reservation

Shares26,58,000

Retail

47.52%(12,63,000)

NII(HNI)

47.40%(12,60,000)

Market Maker

5.08%(1,35,000)

Total

100.00%(26,58,000)

HRH Next IPO Key Performance Indicators

Learn About IPO KPIs →

KPI	Values

KPI	Values
EPS	5.31
ROE	39.94
ROCE	6.80
RONW	33.29
PRE IPO(PE)	6.78
POST IPO(PE)	10.99

Want to understand how to evaluate these metrics? Read our guide on IPO Key Performance Indicators (KPIs).

Company Financials (in Lakhs)

Period Ended	Sep 2023	Mar 2023	Mar 2022	Mar 2021

Period Ended	Sep 2023	Mar 2023	Mar 2022	Mar 2021
Assets	3,113.86	2,882.29	1,864.85	1,298.10
Revenue	2,152.51	2,152.51	4,428.42	2,424.26
Net Worth	1,320.71	1,044.79	697.00	603.97
profit After Tax	150.84	347.79	93.03	25.18
Reserves And Surpluse	665.96	1,024.79	677.00	583.97
Total Borrowing	1,083.77	990.57	442.58	401.88

HRH Next IPO About Company

Incorporated in February 2007, HRH Next Services Limited is a Business Process Outsourcing (BPO) company offering voice, chat, email and backend support services. The company serves clients across telecom, foodtech, autotech, e-commerce, fintech, education, healthcare, government, banking and other sectors. Its service portfolio includes inbound voice support for customer queries, and outbound voice services for sales, lead generation, follow-ups, renewals, order updates and escalations. HRH Next is ISO 9001:2015 and ISO/IEC 27001:2022 certified, ensuring quality and data security standards. It also provides digital channel support, chatbot support, business support services and consulting. As of November 30, 2023, the company has 284 employees.

Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."

✅HRH Next IPO Strength Factors

⚠️HRH Next IPO Risk Factors

🏦HRH Next IPO Lead Manager(s)

Finshore Management Services Limited

👤HRH Next IPO Promoter(s)

Mr Ankit Sanjay Shah
Mr Parikshit Pankaj Shah
Mrs Tara Sanjay Shah

🏢HRH Next IPO Company Details

HRH Next Services Limited

Email:cs@hrhnext.com

Phone:+91 95536 04777

Website:http://www.hrhnext.com/

address:4-1-976, Abid Road, Hyderabad – 500001

📋HRH Next IPO Registrar

Cameo Corporate Services Limited

Name:Cameo Corporate Services Limited

Phone:+91-44-28460390

Email:ipo@cameoindia.com

Website:https://ipo.cameoindia.com/

❓HRH Next IPO FAQs

HRH Next IPO is a main-board IPO of 26,58,000 equity shares of the face value of ₹10 per share aggregating up to ₹0.00 crore shares. The issue is priced at ₹36 - ₹36 per share. The minimum order quantity is .The IPO opens on Dec 27, 2023, and closes on Dec 29, 2023. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE.

Zerodha customers can apply online in HRH Next IPO using UPI as a payment gateway. Zerodha customers can apply in HRH Next IPO by login into Zerodha Console (back office) and submitting an IPO application form. Steps to apply in HRH Next IPO through Zerodha (1) Visit the Zerodha website and login to Console. (2) Go to Portfolio and click the IPOs link. (3) Go to the 'HRH Next IPO' row and click the 'Bid' button. (4) Enter your UPI ID, Quantity, and Price. (5) Submit IPO application form. (6) Visit the UPI App (net banking or BHIM) to approve the mandate. Visit Zerodha IPO Application Process Review for more detail.

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

You can apply in HRH Next IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.

The finalization of Basis of Allotment for HRH Next IPO will be done on Jan 01, 2024, and the allotted shares will be credited to your demat account by Jan 01, 2024

HRH Next IPO's listing date is Jan 03, 2024.

HRH Next Services Limited

IPO Details

Subscription

Lot Distribution

Reservation

Company Fin.

₹5(13.89%)

Premium (ELP)

₹5
(13.89%)