HRH Next Services IPO will open for subscription from 27 December 2023. The company aims for an issue size of ₹9.57 Cr through this IPO.
Company Overview
| Full name | HRH Next Services Limited |
| Sector | Information Technology |
| Industry | BPO/ITES |
| Company Website | https://hrhnext.com/ |
About Company
HRH Next Services operates in the realm of Business Process Outsourcing (BPO) and provides an all-encompassing range of Call Centre Services. These services include Inbound Services, Outbound Services, Backend Support, Chat Support, Email Support, and more. The company excels in delivering streamlined end-to-end solutions to its clients. It tailors its high-quality solutions to align with the specific requirements of businesses, aiding clients in accomplishing their objectives.
HRH Next has undergone exponential growth over the years. As a provider of domestic contact center services, the company maintains an unwavering commitment to fulfilling the requirements of its clientele following their needs. To meet these demands, the company has embraced the industry’s best practices for customer support services.
In addition to the aforementioned services, HRH Next Services plans to establish two Call Centres, each with a seating capacity of 150, in Palakkad, Kerala, and Raichur, Karnataka. The overall estimated cost for operating these two facilities is INR 2.86 crore, encompassing expenses such as 300 computer systems amounting to INR 1.51 crore.
The Objectives of the Issue
- 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 Timetable
| IPO Opening date | 27 December 2023 |
| IPO Closing | 29 December 2023 |
| Basis of Allotment | 01 January 2024 |
| Initiation Refund | 02 January 2024 |
| Credit to Demat Account | 02 January 2024 |
| Listing Date | 03 January 2024 |
HRH Next Services IPO details
| Issue type | Fixed Price Issue IPO |
| IPO issue size | ₹9.57 Cr – 2,658,000 shares |
| Fresh Issue | ₹9.57 Cr – 2,658,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Offer Price | ₹36 per share |
| Lot size | 3000 shares |
| Market Maker portion | 135,000 shares |
| Shareholding pre-issue | 6,547,438 |
| Shareholding post-issue | 9,205,438 |
| Listing Exchange | BSE SME |
HRH Next Services IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹108,000 |
| Retail (Max) | 1 | 3000 | ₹108,000 |
| HNI (Min) | 2 | 6,000 | ₹216,000 |
HRH Next Services IPO Reservation Details
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | – |
| Market Maker Shares Offered | 135,000 (5.08%) |
| Other Shares Offered | 1,263,000 (47.52%) |
| Retail Shares Offered | 1,260,000 (47.40%) |
| Total Shares Offered | 2,658,000 (100%) |
HRH Next Services Financial Performance
| FY 2021 | FY 2022 | FY 2023 | H1 FY 2024 | |
| Revenue | 24.16 | 44.15 | 51.14 | 21.39 |
| Expenses | 23.87 | 42.87 | 46.31 | 19.51 |
| Net income | 0.25 | 0.93 | 3.48 | 1.51 |
HRH Next Services Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 0.41 | 1.50 | 5.61 |
| PE ratio | – | – | 6.78 |
| RONW (%) | 4.17 | 13.35 | 33.29 |
| NAV | 9.74 | 11.24 | 16.85 |
| ROCE (%) | 10.50 | 23.34 | 46.57 |
| EBITDA (%) | 6.50 | 6.32 | 13.40 |
| Debt/Equity | 6.74 | 11.00 | 12.90 |
Company Promoters
- Mr Ankit Sanjay Shah
- Mr Parikshit Pankaj Shah
- Mrs Tara Sanjay Shah.
Promoter Holding
| Pre Issue Share Holding | 97.88% |
| Post Issue Share Holding | 69.61% |
HRH Next Services IPO Lead Manager(s)
FINSHORE MANAGEMENT SERVICES LIMITED
Anandlok Building, Block-A, 2nd Floor, Room No. 207, 227
A.J.C Bose Road, Kolkata-700020, West Bengal, India
Phone: 033 – 2289 5101 / 4603 2561
Email: info@finshoregroup.com
Website: www.finshoregroup.com
HRH Next Services Registrar
CAMEO CORPORATE SERVICES LIMITED
No. 01, Club House Road, Mount Road,
Chennai – 600 002, Tamil Nadu
Phone: +91-44 4002 0700, 28460390
Email: ipo@cameoindia.com
Website: www.cameoindia.com
HRH Next Services Contact Details
HRH NEXT SERVICES LIMITED
4-1-976, Abid Road,
Hyderabad- 500001, Telangana, India
Phone: +91 95536 04777
E-mail: cs@hrhnext.com
Website: www.hrhnext.com
HRH Next Services IPO Allotment Status
HRH Next IPO allotment status will be available on Cameo Corporate Services’ website. Click on Cameo Corporate Services weblink to get allotment status.
Final thoughts
HRH Next Services IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.
Happy Investing
