The HRH Next date has been confirmed from December 27, 2023 and closes on December 29, 2023.
HRH Next Developers IPO is a fixed price issue of Rs 9.57 crores. The 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.
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Bidding Dates
December 27-29
Price Range
₹36 per share
Face Value
₹10 per share
GMP
₹9
HRH Next IPO GMP
The HRH Next IPO GMP is ₹9.
IPO Overview
HRH Next Services IPO is a Rs 9.57 crore fixed price issuance. The issue is a completely new issue of 26.58 lakh shares. The HRH Next Services IPO goes on sale on December 27, 2023, and ends on December 29, 2023. The HRH Next Services IPO allotment is expected to be completed on Monday, January 1, 2024. HRH Next Services IPO will be listed on NSE SME on Wednesday, January 3, 2024, with a preliminary listing date of Wednesday, January 3, 2024.
The IPO price for HRH Next Services is 36 per share. A lot size of 3000 shares is required for an application. Retail investors must make a minimum commitment of ₹100,000. For HNI, the minimum lot size investment is two lots (6,000 shares), totaling ₹216,000. HRH Next has 284 employees as of November 30, 2023, who manage day-to-day operations, administrative activities, secretarial work, legal matters, marketing, and accounting functions in accordance with their individual goals.
HRH Next IPO Details
| IPO Date | December 27, 2023 to December 29, 2023 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹36 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 2,658,000 shares (aggregating up to ₹9.57 Cr) |
| Fresh Issue | 2,658,000 shares (aggregating up to ₹9.57 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 6,547,438 |
| Share holding post issue | 9,205,438 |
| Market Maker portion | 135,000 shares |
HRH Next Services Limited Financial Information
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 3,113.86 | 2,882.29 | 1,864.85 | 1,298.10 |
| Revenue | 2,152.51 | 5,124.96 | 4,428.42 | 2,424.26 |
| Profit After Tax | 150.84 | 347.79 | 93.03 | 25.18 |
| Net Worth | 1,320.71 | 1,044.79 | 697.00 | 603.97 |
| Reserves and Surplus | 665.96 | 1,024.79 | 677.00 | 583.97 |
| Total Borrowing | 1,083.77 | 990.57 | 442.58 | 401.88 |
HRH Next Services IPO Timeline
| IPO Open Date | Wednesday, December 27, 2023 |
| IPO Close Date | Friday, December 29, 2023 |
| Basis of Allotment | Monday, January 1, 2024 |
| Initiation of Refunds | Tuesday, January 2, 2024 |
| Credit of Shares to Demat | Tuesday, January 2, 2024 |
| Listing Date | Wednesday, January 3, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on December 29, 2023 |
Company Profile
HRH Next Services Limited, founded in February 2007, is a business process outsourcing service company that provides services such as chat support, backend support, voice support, and email support. Current commercial clients include telecom, foodtech, autotech, e-commerce, fintech, education, healthcare, government, and banking.
- Inbound Voice Process: This department is responsible for handling consumer calls on a variety of issues. When a consumer calls, the company’s representative makes every
effort to remedy the problem.
- Outbound Voice Process: Outbound Sales and Outbound Services are two services provided by this department. Lead generation, up-selling and cross-selling, advertising campaigns, and product launch campaigns are all examples of outbound sales. Outbound Services, on the other hand, encompasses customer service follow-up calls, renewal reminders, order and invoice information, problem resolution, and escalation.
The company’s quality management services are ISO 9001:2015 certified, and its information security management system is ISO/IEC 27001:2022 certified. Business process outsourcing services, inbound/outbound services via phone, email, chat, social media, and digital channels, business support service, chatbot assistance, consulting, and related advisory services are all offered by the organisation.
Registrar Info
| Name | Cameo Corporate Services Limited |
| Phone number | +91-44-28460390 |
| Email ID | ipo@cameoindia.com |
| Website | ipo.cameoindia.com |
Contact Details
| Name | HRH Next Services Limited |
| Phone number | +91 95536 04777 |
| Email ID | cs@hrhnext.com |
| Website | hrhnext.com |
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
