HRH Next Services IPO Details ( HRH Next Services Limited IPO Review )
(27 Dec 2023 – 29 Dec 2023)
Founded in February 2007, HRH Next Services Limited is a company that helps other businesses by taking care of tasks like answering customer inquiries through chat, voice, and email, as well as providing support for various backend processes.
Our clients come from diverse industries such as telecom, foodtech, autotech, e-commerce, fintech, education, healthcare, government, and banking.
We have specific teams that handle different aspects of our services:
- Inbound Voice Process: This team deals with incoming customer calls. When customers call us, our representatives work hard to solve their issues and provide assistance.
- Outbound Voice Process: This department has two services:
- Outbound Sales: Involves lead generation, up-selling & cross-selling, advertising campaigns, and product launch campaigns.
- Outbound Services: Includes follow-up calls for customer service, renewal reminders, order and invoice information, problem resolution, and escalations.
We take pride in our certifications:
- ISO 9001:2015 for quality management services
- ISO/IEC 27001:2022 for information security management
Our expertise lies in business process outsourcing services, covering inbound/outbound services through phone, email, chat, social media, and digital channels. We also offer business support services, chatbot support, consulting, and related advisory services.
As of November 30, 2023, HRH Next has a team of 284 employees. They handle day-to-day operations, administrative tasks, secretarial work, legal matters, marketing, and accounting, all aligned with their designated goals.
HRH Next Services Limited IPO Competitive Strength
- Quality Services
- Cordial Relationship with Customers
- Ability to control cost
- Strong Network in existing business
HRH Next Services Limited IPO Weaknessess
- Strict policies of clients and Audit controls may pose real hurdle.
- Low bargaining power with customers
HRH Next Services IPO Financials Performance ( Results )
HRH Next Services Limited Financial Information (Restated)
All Amount in ₹ Lakhs
| Period Ended | Total Assets | Total Revenue | PAT | EPS (₹) | Net Worth | Reserves | Borrowing |
| 31-Mar-21 | 1,298.10 | 2,424.26 | 25.18 | 0.41 | 603.97 | 583.97 | 401.88 |
| 31-Mar-22 | 1,864.85 | 4,428.42 | 93.03 | 1.50 | 697.00 | 677.00 | 442.58 |
| 31-Mar-23 | 2,882.29 | 5,124.96 | 347.79 | 5.61 | 1,044.79 | 1,024.79 | 990.57 |
| 30-Sep-23 | 3,113.86 | 2,152.51 | 150.84 | 2.41 | 1,320.71 | 665.96 | 1,083.77 |
Objective of HRH Next Services IPO 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 Basic Details
| IPO Date | Dec 27, 2023 to Dec 29, 2023 |
| Listing Date | Wednesday, January 3, 2024 |
| Face Value | ₹10 per share |
| Price | ₹36 per share |
| Lot Size | 3000 Shares |
| Issue Size | 2,658,000 shares of ₹10 (aggregating up to ₹9.57 Cr) |
| Fresh Issue | 2,658,000 shares of ₹10 (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 |
| Company Promoters | Mr Ankit Sanjay Shah, Mr Parikshit Pankaj Shah and Mrs Tara Sanjay Shah |
HRH Next Services IPO Reservation
| Other Shares Offered | 50% of the Net Issue |
| Retail Shares Offered | 50% of the Net Issue |
HRH Next Services IPO Timetable
HRH Next Services IPO will open on December 27, 2023 and close on December 29, 2023. You can join HRH Next Services IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.
| Event | Date |
| Opening Date | 27 December 2023 (Wednesday) |
| Closing Date | 29 December 2023 (Friday) |
| Basis of Allotment | 1 January 2024 (Monday) |
| Initiation of Refunds | 2 January 2024 (Tuesday) |
| Credit of Shares to Demat | 2 January 2024 (Tuesday) |
| Listing Date | 3 January 2024 (Wednesday) |
| Deadline for UPI mandate confirmation | 5 PM on 29 December 2023 |
HRH Next Services IPO Lot Size
For retail investors in HRH Next Services IPO, 3000 shares will come in 1 lot or the minimum investment will be ₹108,000. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹108,000.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 3000 | ₹108,000 |
| Retail (Max) | 1 | 3000 | ₹108,000 |
| S-HNI (Min) | 2 | 6000 | ₹216,000 |
HRH Next Services IPO Promoter Holding
The company’s promoters include Mr Ankit Sanjay Shah, Mr Parikshit Pankaj Shah and Mrs Tara Sanjay Shah.
| Pre Issue Share Holding | 97.88% |
| Post Issue Share Holding | 69.61% |
HRH Next Services Ltd IPO Key Performance Indicator ( Valuation )
In the table given below, all the figures have been told according to the latest financial year.
| KPI | Values |
| Market Cap (₹ Cr.) | 33.14 |
| Earning Per Share (EPS) | ₹5.61 per Equity Share |
| Net Asset Value (NAV) | ₹16.85 per Equity Share |
| P/E Ratio (P/E) (x) | 6.42 |
| Post P/E Ratio (P/E) (x) | 10.98 |
| Return on Net Worth (RoNW) (%) | 33.29 |
| Return on equity (ROE) (%) | 39.94 |
| Return on Capital Employed (ROCE) (%) | 6.80 |
| Debt/Equity Ratio | 0.12 |
HRH Next Services Ltd Peer Comparison
| Company Name | Consolidated/ Standalone | Face Value | EPS (₹) | P/E Ratio | NAV (₹) | RoNW (%) |
| HRH Next Services Limited | Standalone | 10.00 | 5.61 | 6.42 | 16.85 | 16.43 |
| Peer Group | ||||||
| Platinumone Business Services Limited | Standalone | 10.00 | 1.41 | 15.62 | 88.40 | 6.05 |
| Kandarp Digi Smart BPO Limited | Standalone | 10.00 | 2.57 | 12.06 | 18.81 | 11.03 |
| We Win Limited | Standalone | 10.00 | 14.53 | 15.18 | 23.26 | 33.29 |
HRH Next Services IPO GMP Live Update, Kostak Rate day by day
| Date | GMP | Kostak | Subject to |
| Today | ₹9 | – | – |
| 2 January 2024 | ₹9 | – | – |
| 1 January 2024 | ₹9 | – | – |
| 31 December 2023 | ₹9 | – | – |
| 30 December 2023 | ₹0 | – | – |
| 29 December 2023 | ₹0 | – | – |
| 28 December 2023 | ₹0 | – | – |
| 27 December 2023 | ₹0 | – | – |
| 26 December 2023 | ₹0 | – | – |
HRH Next Services IPO Detail Video:
HRH Next Services IPO Subscription Status (Bidding Detail)
The HRH Next Services IPO on December 29, 2023 at 7:30:00 PM was subscribed 66.29 times, with the retail category being subscribed 63.61 times, the other category being subscribed 66.91 times.
| Category | Subscription |
| Other | 66.91x |
| Retail | 63.61x |
| Total | 66.29x |
HRH Next Services IPO Prospectus
| HRH Next Services IPO DRHP | Download |
| HRH Next Services IPO RHP | Download |
| HRH Next Services IPO Anchor Investors Details PDF | Download |
HRH Next Services IPO Rating
| Our Rating | 2.0/5.0 |
HRH Next Services Company Contact Information
HRH Next Services Limited
Registered office: 4-1-976, Abid Road Hyderabad- 500001, Telangana, India.
Contact Person: Mr. Akash Tiwari, Company Secretary & Compliance Officer
Tel No: +91 9553604777
E-Mail ID: cs@hrhnext.com
Website: www.hrhnext.com
CIN: U72200TG2007PLC052582
Our Promoters: (I) Mr. Ankit Sanjay Shah, (Ii) Mr. Parikshit Pankaj Shah, and (Iii) Mrs. Tara Sanjay Shah
HRH Next Services IPO Registrar
Cameo Corporate Services Limited
Registered office: “Subramanian Building”, #1, Club House Road, Chennai – 600 002, India
Telephone: +91-44-40020700, 28460390
Email: ipo@cameoindia.com
Contact Person: Ms. K. Sreepriya
Website: www.cameoindia.com
Investor Grievance Email: investor@cameoindia.com
SEBI Registration Number: INR000003753
CIN No: U67120TN1998PLC041613
HRH Next Services IPO Lead Manager
Finshore Management Services Limited
Registered office: Anandlok Building, Block-A, 2nd Floor, Room No. 207,
227 A.J.C Bose Road, Kolkata-700020, West Bengal, India
Telephone: 033 – 2289 5101 / 4603 2561
Email: info@finshoregroup.com
Contact Person: Mr. S. Ramakrishna Iyengar
Website: www.finshoregroup.com
Investor Grievance Email: investors@finshoregroup.com
SEBI Registration No: INM000012185
CIN No: U74900WB2011PLC169377
HRH Next Services IPO FAQs
What is the lot size of HRH Next Services IPO?
The total size of HRH Next Services IPO is ₹9.57 crores and this is a complete fresh Issue.
When will HRH Next Services IPO start?
HRH Next Services IPO will open from 27 December 2023 and IPO will close on 29 December 2023.
What is the open date of HRH Next Services IPO?
HRH Next Services IPO will open date from 27 December 2023.
What is the last date ( close date ) of HRH Next Services IPO?
HRH Next Services IPO will close from 29 December 2023.
What is the price band of HRH Next Services IPO?
HRH Next Services IPO price band is ₹36.
What is the minimum amount required to apply for HRH Next Services IPO?
The minimum investment for retailers to apply for HRH Next Services IPO is ₹108,000 and the maximum investment is ₹108,000.
What is going on gray market premium of HRH Next Services IPO?
View gray market premium of HRH Next Services IPO by Clicking Here
How much is the GMP of HRH Next Services IPO?
Watch HRH Next Services IPO GMP Today: Click Here
What is the allotment date of HRH Next Services IPO?
The allotment date of HRH Next Services IPO is 1 January 2024.
How to check allotment status in HRH Next Services IPO?
To check the allotment status of HRH Next Services IPO, first of all go to the registrar website by clicking here, select your bad HRH Next Services IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )
What is the listing date of HRH Next Services IPO?
The listing date of HRH Next Services IPO is 3 January 2024.
How much will be the listing gain in HRH Next Services IPO?
View listing gain of HRH Next Services IPO by Clicking Here
How much time HRH Next Services IPO is subscribed?
Total 66.29 times subscribed in HRH Next Services IPO out of which 63.61 times subscription was done in retail quota, 66.91 times subscription in other quota.
How to apply for HRH Next Services IPO from Upstox?
Click Here to see how to apply for HRH Next Services IPO from Upstox. (step by step)
How to apply for HRH Next Services PO from Zerodha?
Click Here to see how to apply for HRH Next Services IPO from Zerodha. (step by step)
How to apply for HRH Next Services IPO from Angle One?
Click Here to see how to apply for HRH Next Services IPO from Angle One. (step by step)
