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HRH Next Services Ltd.

HRH Next Services Ltd.

NSE SME · SME IPO
Listed NSE SME SME Live Chart
Issue Price
₹36
₹36
GMP (Grey Market)
NIL
Unofficial data only
Est. Listing Price
₹36
Based on GMP
Min. Investment
₹108,000
1 lot × 3000 shares
Subscribed
1.00x
Over-subscribed
IPO Details
Open Date
27 Dec 2023
Close Date
29 Dec 2023
Allotment
01 Jan 2024
Listing Date
03 Jan 2024
Exchange
NSE SME
Price Band
₹36
Listing Price
See chart
Allotment Status
Price Band
₹36
Per share
Face Value
₹10 per share
 
Lot Size
3,000 Shares
per lot
Issue Size
26,58,000 shares (aggregating up to ₹9.57 Cr)
Total offering
Issue Type
Fixed Price IPO
 
Min Investment
₹108,000
1 lot
Pre-IPO Holding
65,47,438 shares
Promoters
Post-IPO Holding
92,05,438 shares
Promoters
P/E (Pre)
6.78x
 
P/E (Post)
10.99x
 
EPS (Pre)
₹5.31
 
EPS (Post)
₹3.28
 
UPI Deadline
2023-12-29
Mandate
Anchor AllotmentTue, 26 Dec 2023
Basis of AllotmentMon, 01 Jan 2024
Refund InitiationTue, 02 Jan 2024
Demat CreditTue, 02 Jan 2024
Listing DayWed, 03 Jan 2024
UPI Mandate Deadline2023-12-29
Sale TypeFresh Capital
Net Offer to Public25,23,000 shares (aggregating up to ₹9.08 Cr)
Market Maker Quota1,35,000 shares (aggregating up to ₹0.4860 Cr)
QIB Quota50% of Net Issue
HNI / NII Quota15% of Net Issue
Retail Quota35% of Net Issue
Check AllotmentClick here →
Subscription Rate Final
HRH Next Services Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 29 Dec 2023.
QIB
1.00x
Over
NII/HNI
1.00x
Over
Retail
1.00x
Over
Total
1.00x
Over
Category Subscription Shares Offered % of Total Amount (₹Cr)
Market Maker
Awaited
135,000
₹0.49
QIB
Over 1.00x
NII / HNI
Over 1.00x
Retail
Over 1.00x
Total 1.00x
2,658,000
100% ₹9.57
IPO Shares Offered
HRH Next Services Ltd. IPO total issue size: ₹9.57 Cr.
CategoryShares OfferedAmount (₹Cr)Size (%)
Market Maker 135,000 ₹0.49
5.08%
Total 2,658,000 ₹9.57
100.00%
* Based on upper price band ₹36 per share
Lot Size & Investment
Lot Size
3,000
Shares per Lot
Issue Price
₹36.00
Upper Band
Min Investment
₹108,000
1 Lot
ApplicationLotsSharesAmount
Retail (Min — 2 Lots)26,000₹216,000
Retail (Max — 13 Lots)1339,000₹1,404,000
S-HNI (Min — 14 Lots)1442,000₹1,512,000
B-HNI (Min — 68 Lots)68204,000₹7,344,000
* Issue Price ₹36 × Lot Size 3,000 shares
IPO Schedule
Anchor
26 Dec 2023
✓ Done
IPO Open
27 Dec 2023
✓ Done
IPO Close
29 Dec 2023
✓ Done
Allotment
01 Jan 2024
✓ Done
Refunds
02 Jan 2024
✓ Done
Demat Credit
02 Jan 2024
✓ Done
Listing Day
03 Jan 2024
✓ Done
HRH Next Services Ltd. — Live Price LIVE
₹36.00
INR · NSE
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Issue ₹36.00 Live Price
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
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
HRH Next Services Ltd. Financials (Amount in ₹ Lakhs)
Revenue from Operations
₹4,428.4
31 Mar 2022
₹5,125.0
31 Mar 2023
₹2,152.5
30 Sep 2023
Profit After Tax (PAT)
₹93.0
31 Mar 2022
₹347.8
31 Mar 2023
₹150.8
30 Sep 2023
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
Borrowings 1083.77 990.57 442.58
EBITDA Margin (%) N/A
PAT Margin (%) N/A
P/BV Ratio
2.14
RoE
39.94%
RoCE
6.80%
RoNW
33.29%
Debt/Equity
0.12
Issue Structure & Shareholding
Total Shares Offered26,58,000 (100.00%)
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-Issue Promoter Holding65,47,438 shares
Post-Issue Promoter Holding92,05,438 shares
P/BV Ratio2.14
RoE39.94%
RoCE6.80%
Debt / Equity0.12
Script CodeN/A
Registrar & Lead Managers
Book Running Lead Managers
Finshore Management Services Ltd
GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.
IPO Subscription FAQs
How much HRH Next Services Ltd. IPO subscribed?

HRH Next Services Ltd. IPO is subscribed 1.00 times by Dec 29, 2023. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor CategorySubscription
Qualified Institutional (QIB)1.00x
Non Institutional (NII/HNI)1.00x
Retail Individual1.00x
Total Subscription1.00x
What is HRH Next Services Ltd. IPO retail subscription status?

The HRH Next Services Ltd. IPO retail category is subscribed 1.00 times as of 29 Dec 2023. The retail portion is oversubscribed.

How to subscribe HRH Next Services Ltd. IPO?

Subscribe via your broker app using ASBA or UPI. Opens 27 Dec 2023 and closes 29 Dec 2023. Min investment: ₹108,000 (1 lot = 3,000 shares). UPI mandate: 2023-12-29.

How many times HRH Next Services Ltd. IPO subscribed?

The HRH Next Services Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check HRH Next Services Ltd. IPO allotment?

Check allotment on the registrar website (Cameo Corporate Services Ltd.) at https://ipo.cameoindia.com/. Enter your PAN, application number or DP/Client ID. Allotment date: 01 Jan 2024. Refunds: on 02 Jan 2024.

When HRH Next Services Ltd. IPO will be listed?

The HRH Next Services Ltd. IPO listing date is 03 Jan 2024, Wednesday. Listed on: NSE SME. Issue price: ₹36. Estimated listing: ₹36. GMP: NIL.

When HRH Next Services Ltd. IPO close?

The HRH Next Services Ltd. IPO closes on 29 Dec 2023, Friday. UPI mandate: 2023-12-29. Allotment: 01 Jan 2024. Listing: 03 Jan 2024.