HRH Next Services IPO

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 nameHRH Next Services Limited
SectorInformation Technology
Company Website

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 date27 December 2023
IPO Closing29 December 2023
Basis of Allotment01 January 2024
Initiation Refund02 January 2024
Credit to Demat Account02 January 2024
Listing Date03 January 2024
(Cut-off time for UPI mandate confirmation – 5 PM on December 29, 2023)

HRH Next Services IPO details

Issue typeFixed Price Issue IPO
IPO issue size₹9.57 Cr – 2,658,000 shares
Fresh Issue₹9.57 Cr – 2,658,000 shares
Offer for saleNil
Face value₹10 per share
Offer Price₹36 per share
Lot size3000 shares
Market Maker portion135,000 shares
Shareholding pre-issue6,547,438
Shareholding post-issue9,205,438
Listing ExchangeBSE SME

HRH Next Services IPO Lot Size

Retail (Min)13000₹108,000
Retail (Max)13000₹108,000
HNI (Min)26,000₹216,000

HRH Next Services IPO Reservation Details

Investor CategoryShares Offered
Anchor Investor Shares Offered
Market Maker Shares Offered135,000 (5.08%)
Other Shares Offered1,263,000 (47.52%)
Retail Shares Offered1,260,000 (47.40%)
Total Shares Offered2,658,000 (100%)

HRH Next Services Financial Performance

 FY 2021FY 2022FY 2023H1 FY 2024
Net income0.250.933.481.51
(Amount in ₹ Crores)

HRH Next Services Valuations & Margins

FY 2021FY 2022FY 2023
PE ratio6.78
RONW (%)4.1713.3533.29
ROCE (%)10.5023.3446.57
EBITDA (%)6.506.3213.40

Company Promoters

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

Promoter Holding

Pre Issue Share Holding97.88%
Post Issue Share Holding69.61%

HRH Next Services IPO Lead Manager(s)

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

HRH Next Services Registrar

No. 01, Club House Road, Mount Road,
Chennai – 600 002, Tamil Nadu
Phone: +91-44 4002 0700, 28460390

HRH Next Services Contact Details

4-1-976, Abid Road,
Hyderabad- 500001, Telangana, India
Phone: +91 95536 04777

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

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