HRH Next Services is scheduled to hit the market on December 27, 2023 and close on December 29, 2023. HRH Next Services plans to raise around ₹9.57 Cr through an IPO with a sale of up to 2,658,000 equity shares of ₹10 each. The Retail offered 50%, Others Offered 50%.
Founded in February 2007, HRH Next Services stands as a prominent business process outsourcing (BPO) service provider, extending offerings that encompass chat support, backend support, voice support, and email support.enowned brand “MCPL.”
Catering to a diverse clientele, the company serves industries ranging from telecom, foodtech, autotech, e-commerce, fintech, and education to healthcare, government, and banking sectors.
HRH Next Services IPO Details
HRH Next Services opens on Dec 27 , 2023, and closes on Dec 29 , 2023. The Listing date for HRH Next Services IPO is on Jan 03, 2024. The price band for IPO is ₹36 per share and lot size of 3000 Shares.
| IPO Date | Dec 27 , 2023 to Dec 29, 2023 |
| Listing Date | Jan 03, 2024 |
| Price | ₹36 per share |
| Lot Size | 3000 Shares |
| Issue Size | ₹9.57 Cr |
| Face Value | ₹10 per share |
HRH Next Services IPO Tentative Timetable
HRH Next Services opening date is December 27, 2023 and close date is December 29, 2023. The IPO allotment date is January 1, 2024. The refund initiation of IPO is on January 2, 2024. The credit of shares in demat account is on January 2, 2024. The listing date is on January 3, 2024.
| Event | Date |
|---|---|
| IPO Opening | Dec 27, 2023 |
| IPO Closing | Dec 29, 2023 |
| IPO Allotment Date | Jan 01, 2023 |
| Refund Initiation | Jan 02, 2024 |
| Shares Credit to Demat | Jan 02, 2024 |
| Lisiting Date | Jan 03, 2024 |
HRH Next Services IPO Lot Size
Lot Size of this IPO is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹108,000).
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail(Minimum) | 1 | 3000 | ₹108,000 |
| Retail(Maximum) | 1 | 3000 | ₹108,000 |
| HNI (Minimum) | 2 | 6000 | ₹216,000 |
HRH Next Services IPO Promoter Holding
| Pre Issue Share Holding | 97.88% |
| Post Issue Share Holding | 69.61% |
HRH Next Services IPO Review
The financial trajectory of HRH Next Services Limited is noteworthy. Between FY 2022 and FY 2023, the company witnessed a 15.73% growth in revenue and an astounding 273.85% surge in profit after tax. This indicates the company's efficiency in managing its operations and potentially expanding its market share or optimizing costs. Furthermore, the firm's assets have consistently grown, underscoring its expanding operational footprint and commitment to growth.
HRH Next Services Limited's financial metrics provide insights into its stable capital structure. The company boasts a Debt/Equity ratio of merely 0.12, suggesting a minimal reliance on external borrowings. Additionally, the Price-to-Earnings (P/E) ratio stands at a reasonable 6.42, offering potential investors an indication of valuation.
The company's allocation of IPO proceeds primarily focuses on growth and operational enhancement. By launching two new call centers and investing in computer systems, HRH Next Services aims to bolster its service infrastructure. Furthermore, the intention to meet working capital requirements and other general corporate purposes indicates a forward-looking strategy to capitalize on emerging opportunities and address operational needs.
HRH Next Services IPO Subscription Status (Bidding Details)
Table not foundHRH Next Services IPO Broker Recommendations
- Capital Market: To be updated soon
- Anand Rathi: To be updated soon
- SMC Global: To be updated soon
- Arihant Capital: To be updated soon
HRH Next Services IPO FAQs
What is HRH Next Services IPO?
HRH Next Services is issuing 2,658,000 equity shares with a face value of ₹10 each, totaling up to ₹9.57 Cr. The shares are being offered at a price of ₹36 each, with a minimum order quantity of 3000 shares.
Cameo Corporate Services Limited is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.
When HRH Next Services IPO will open?
HRH Next Services will open on December 27 , 2023 for QIB, NII, and Retail Investors.
When HRH Next Services IPO will end?
HRH Next Services will end on December 29, 2023.
What is HRH Next Services IPO Size?
HRH Next Services IPO size is ₹9.57 Cr.
What is HRH Next Services IPO Price Band?
HRH Next Services price band is ₹36 per share.
What is the HRH Next Services IPO Allotment Date?
HRH Next Services allotment date is January 1, 2024.
What is the HRH Next Services IPO Listing Date?
HRH Next Services listing date is January 03, 2024. The IPO is to be listed on BSE and NSE.
How to Apply HRH Next Services IPO through Zerodha?
To apply for the IPO “HRH Next Services” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.
How to Apply HRH Next Services IPO through Upstox?
To apply for the IPO “HRH Next Services” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.
How to check HRH Next Services IPO Allotment Status?
For HRH Next Services IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.
What is HRH Next Services IPO GMP?
You can check out here: HRH Next Services IPO GMP