HRH Next Services Limited IPO (HRH Next Services IPO)

HRH Next Services Limited IPO
Upcoming HRH Next Services IPO | New HRH Next Services IPO

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

HRH Next Services IPO – Details

IPO Opening Date27 December 2023
IPO Closing Date29 December 2023
Issue TypeFixed Price Issue IPO
Issue Size26,58,000 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 Lot3000 Shares
Min Order3000 Shares (1 Lot)
Listing AtNSE SME
RegisterCameo Corporate Services Limited
Other Shares Offered50%
Retail Shares Offered50%

HRH Next Services IPO – Date Schedule

IPO Open Date27 December 2023
IPO Close Date29 December 2023
Basis of Allotment01 January 2023
Initiation of Refund02 January 2024
Credit of Shares to Demat Account02 January 2024
IPO Listing Date03 January 2024
Cut-off time for UPI mandate confirmation5 PM on Dec 29, 2023

HRH Next Services IPO – Lots Size & Price

ApplicationLotsSharesAmount ( Cut-Off)
Retail (Minimum)130001,08,000
Retail (Maximum)130001,08,000
HNI (Minimum)260002,16,000

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.
HRH Next Services IPO
Object of the Issues

Company Financial

ParticularsTotal RevenueTotal ExpenseProfit After TaxTotal Borrowing
31 March 202124.2423.870.254.01
31 March 202244.2842.870.934.42
31 March 202351.2446.313.479.90
Amount in ₹ Crore

Key Performance Indicator

P/E (x)6.42
EPS (Rs)5.61

HRH Next Services IPO Promoter Holding

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

HRH Next Services IPO Prospectus

Company Contact Information

HRH Next Services Limited

Abid Road,
Hyderabad – 500001

Phone: +91 95536 04777

HRH Next Services IPO Registrar

Cameo Corporate Services Limited

Phone: +91-44-28460390

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.
Share Market IPO App
Previous articleManoj Ceramic Limited IPO (MCPL IPO)
Next articleKay Cee Energy & Infra Limited IPO (Kay Cee Energy & Infra IPO)