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 are:
Inbound 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.
HRH Next Services IPO – Details
| IPO Opening Date | 27 December 2023 |
| IPO Closing Date | 29 December 2023 |
| Issue Type | Fixed Price Issue IPO |
| Issue Size | 26,58,000 Shares Worth ₹9.57 Crore Fresh Issue: 26,58,000 Shares Worth ₹9.57 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹36 |
| Market Lot | 3000 Shares |
| Min Order | 3000 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | Cameo Corporate Services Limited |
| Other Shares Offered | 50% |
| Retail Shares Offered | 50% |
HRH Next Services IPO – Date Schedule
| IPO Open Date | 27 December 2023 |
| IPO Close Date | 29 December 2023 |
| Basis of Allotment | 01 January 2023 |
| Initiation of Refund | 02 January 2024 |
| Credit of Shares to Demat Account | 02 January 2024 |
| IPO Listing Date | 03 January 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Dec 29, 2023 |
HRH Next Services IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Retail (Minimum) | 1 | 3000 | 1,08,000 |
| Retail (Maximum) | 1 | 3000 | 1,08,000 |
| HNI (Minimum) | 2 | 6000 | 2,16,000 |
Competitive Strengths
- Established and proven track record;
- Leveraging the experience of the Promoters;
- Experienced management team and a motivated and efficient work force;
- Cordial relations with their customers;
- Quality Assurance & Control.
Company Promoters
- Mr Ankit Sanjay Shah
- Mr Parikshit Pankaj Shah
- Mrs Tara Sanjay Shah
Object 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.
Company Financial
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2021 | 24.24 | 23.87 | 0.25 | 4.01 |
| 31 March 2022 | 44.28 | 42.87 | 0.93 | 4.42 |
| 31 March 2023 | 51.24 | 46.31 | 3.47 | 9.90 |
Key Performance Indicator
| KPI | Values |
|---|---|
| P/E (x) | 6.42 |
| ROE | 39.94% |
| ROCE | 6.80% |
| Debt/Equity | 0.12 |
| EPS (Rs) | 5.61 |
| RoNW | 33.29% |
HRH Next Services IPO Promoter Holding
| Pre Issue Share Holding | 97.88% |
| Post Issue Share Holding | 69.61% |
HRH Next Services IPO Prospectus
- HRH Next Services IPO DRHP
- HRH Next Services IPO RHP
Company Contact Information
| HRH Next Services Limited 4-1-976, Abid Road, Hyderabad – 500001 Phone: +91 95536 04777 Email: cs@hrhnext.com Website: http://www.hrhnext.com/ |
HRH Next Services IPO Registrar
| Cameo Corporate Services Limited Phone: +91-44-28460390 Email: ipo@cameoindia.com Website: https://ipo.cameoindia.com/ |
HRH Next Services IPO Lead Manager(s)
| 1. Finshore Management Services Limited |
HRH Next Services IPO FAQs
| What is HRH Next Services IPO? HRH Next Services IPO is a SME IPO. The issue is priced at ₹36 per equity share. The IPO is to be listed on NSE SME. |
| When HRH Next Services IPO will open? The IPO is to open on 27 December 2023 for Other – 50% and Retail – 50% Investors. |
| How to HRH Next Services IPO? You can apply HRH Next Services IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the HRH Next Services IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “HRH Next Services”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the HRH Next Services IPO through Edelweiss? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “HRH Next Services“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Edelweiss. |
| What is HRH Next Services IPO Size? HRH Next Services IPO size is ₹9.57 crores. |
| What is HRH Next Services IPO Price Band? HRH Next Services IPO Price Band is ₹36. |
| What is HRH Next Services IPO Minimum and Maximum Lot Size? The minimum bid is 3000 Shares with ₹1,08,000 amount while the maximum bid is 3000 shares with ₹1,08,000. |
| What is the HRH Next Services IPO Allotment Date? HRH Next Services IPO allotment date is 01 January 2023. |
| What is the HRH Next Services IPO Listing Date? HRH Next Services IPO listing date is 03 January 2023. The IPO is to list on NSE SME. |
