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Home › IPOs › HRH Next Services Ltd.
HR
HRH Next Services Ltd.
CLOSED NSE SME Fixed Price IPO Fresh Capital HRH Next Services IPO GMP
GREY MARKET PREMIUM
₹ 0
No premium data
EST. LISTING PRICE
₹36
Issue Price: ₹ 36
Issue Price
₹36
Face Value
₹10
Lot Size
3,000 shares
Open Date
27 Dec 2023
Close Date
29 Dec 2023
Allotment
01 Jan 2024
Listing Date
03 Jan 2024
Exchange
NSE SME
HRH Next Services IPO About the Company

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.

...read more
HRH Next Services IPO Objects of the Issue
Purpose Amount (₹ Cr)
Expansion of the Services by launching 2 (two) Call Centres —
Capital Expenditure towards purchase of Computer Systems —
To meet the working capital requirements —
To meet the Issue Expenses —
General Corporate Purposes —
HRH Next Services IPO Lead Managers
Finshore Management Services Ltd
Financial Summary Amount in ₹ Lakhs
Metric 30 Sep 2023 31 Mar 2023 31 Mar 2022
Total Assets 3,114 2,882 1,865
Revenue 2,153 5,125 4,428
PAT 151 348 93
Net Worth 1,321 1,045 697
Reserves 666 1,025 677
Total Borrowing 1,084 991 443
HRH Next Services IPO Key Financial Ratios
ROE
40
ROCE
7
RONW
33
Debt/Equity
0
P/BV
2
Issue Details
Total Shares Offered
2,658,000 (100%)
Reserved for Market Maker
Up to ₹0 Cr
Net Offer to Public
Up to ₹9 Cr
Pre-Issue Shareholding
6,547,438 shares
Post-Issue Shareholding
9,205,438 shares
UPI Mandate
29 Dec 2023
IPO Analytics Dashboard
LIVE
HRH Next Services IPO GMP Insights
👤
Retail Demand
Strong
💼
HNI Interest
Strong
📊
Valuation
Strong
HRH Next Services IPO GMP Strength Score
9 / 10 Strong
0–3 Weak 3–6 Moderate 6–8 Good 8–10 Strong
HRH Next Services IPO Category-wise Subscription Shares offered, bid & amount
Category Sub (x) Offered Bid For
💼 NII / HNI — 1,260,000 (47%) —
👤 Retail (RII) — 1,263,000 (48%) —
📊 Market Maker — 135,000 (5%) —
Σ Total — 2,658,000 (100%) —

* Amount calculated at upper price band (₹36) ·  ** Total includes all investor categories

Subscription Overview Share allocation by investor category
💼
NII / HNI ? 1,260,000 (47%)
47%
👤
Retail (RII) ? 1,263,000 (48%)
48%
📊
Market Maker ? 135,000 (5%)
5%
Total Shares Offered 2,658,000 (100%)
HRH Next Services IPO Application Sizing Minimum investment by category
👤 Retail Investors ?
Min. Lots 1
Shares / Lot 3,000
Min. Investment ₹108,000
💼 HNI Investors ?
Min. Lots 2
Min. Shares 6,000
Min. Investment ₹216,000
HRH Next Services IPO Valuation — EPS & P/E Pre & post-issue metrics
Pre-Issue EPS ?
₹ 5
Post-Issue EPS ?
₹ 3
Pre-Issue P/E ?
7 x
Post-Issue P/E ?
11 x
HRH Next Services IPO Timeline & Key Dates
  1. 1 💳 Initiation of Refund 02 Jan 2024
  2. 2 📂 Credit of Shares to Demat 02 Jan 2024
Investor Interpretation
  • Retail allocation is strong at 48% of the total offering.
  • HNI/NII demand is strong at 47%.
  • The IPO P/E of 11x reflects a strong valuation relative to typical market ranges.
  • Pre-issue EPS of ₹5 compares to post-issue EPS of ₹3 after dilution.

This IPO shows strong fundamentals and healthy investor demand. Research the business model and compare with sector peers before applying.

STOCK PRICE HISTORY  ·  NSE
—
Issue Price: ₹ 36  ·  Symbol: —
H —
L —
O —
HRH Next Services IPO Company Info
📍 4-1-976, Abid Road, Hyderabad, Telangana, 500001
Visit Website
HRH Next Services IPO Registrar
Cameo Corporate Services Ltd.
Check Allotment Status
HRH Next Services IPO FAQs
HRH Next Services IPO has already listed. Its last recorded GMP was ₹0. GMP is only indicative and never a guarantee of listing gains.
The issue price of HRH Next Services IPO is ₹36 per share. One lot has 3,000 shares, so the minimum investment is about ₹108,000. It is a Fresh Capital issue.
HRH Next Services IPO opened on 27 Dec 2023 and closed on 29 Dec 2023. Allotment is tentatively finalised on 01 Jan 2024. Shares are listed on NSE SME on 03 Jan 2024.
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.
As per the offer document, HRH Next Services plans to use the IPO proceeds for: Expansion of the Services by launching 2 (two) Call Centres; Capital Expenditure towards purchase of Computer Systems; To meet the working capital requirements; To meet the Issue Expenses; General Corporate Purposes.
The lead manager of HRH Next Services IPO is Finshore Management Services Ltd.
HRH Next Services IPO is proposed to list on NSE SME; it is a Fixed Price IPO and the issue is a Fresh Capital.
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