HRH Next IPO GMP, Review, Price, and Allotment

Description of HRH Next IPO: HRH Next Services offers a wide range of contact center services and is involved in business process outsourcing (BPO). These services include email support, chat support, backend support, outbound support, and inbound support, among others. The business specializes on providing its clients with efficient end-to-end solutions. It customizes its superior solutions to meet the unique needs of companies, assisting customers in achieving their goals.

Over the years, HRH Next has experienced exponential expansion. As a domestic contact center service provider, the business is steadfast in its dedication to serving the demands and wants of its customers. The business has adopted the industry’s best practices for customer support services in order to meet these needs.

HRH Next Services intends to open two call centers in Palakkad, Kerala, and Raichur, Karnataka, each with 150 seats in addition to the services already stated. The total anticipated cost of running these two facilities is INR 2.86 crore, which includes charges of INR 1.51 crore for 300 computer systems.

HRH Next Services’ promoters are Parikshit Pankaj Shah and Ankit Sanjay Shah.

HRH Next IPO Details

HRH Next IPO Dates	27 – 29 December 2023
HRH Next Issue Price	INR 36 per share,
Fresh issue	2,658,000 shares (INR 9.57 crore)
Offer For Sale	Nil
Total IPO size	2,658,000 shares (INR 9.57 crore)
Minimum bid (lot size)	3,000 shares (INR 108,000)
Face Value	INR 10 per share
Retail Allocation	50%
Listing On	NSE SME

HRH Next Services Financial Performance

	FY 2021	FY 2022	FY 2023	H1 FY 2024
Revenue	24.16	44.15	51.14	21.39
Expenses	23.87	42.87	46.31	19.51
Net income	0.25	0.93	3.48	1.51

Figures in INR Crores unless specified otherwise

HRH Next Valuations & Margins

	FY 2021	FY 2022	FY 2023
EPS	0.41	1.50	5.61
PE ratio	–	–	6.78
RONW (%)	4.17	13.35	33.29
NAV	9.74	11.24	16.85
ROCE (%)	10.50	23.34	46.57
EBITDA (%)	6.50	6.32	13.40
Debt/Equity	6.74	11.00	12.90

 

HRH Next IPO Allotment Status

The HRH Next IPO allotment status will be accessible on the website of Cameo Corporate Services. To view the allotment status, click the Cameo Corporate Services website link.

HRH Next IPO Dates & Listing Performance

IPO Opening Date	27 December 2023
IPO Closing Date	29 December 2023
Finalization of Basis of Allotment	1 January 2024
Initiation of refunds	2 January 2024
Transfer of shares to demat accounts	2 January 2024
IPO Listing Date	3 January 2024
Opening Price on NSE SME	Coming soon
Closing Price on NSE SME	Coming soon

HRH Next Services IPO Lead Manager

FINSHORE MANAGEMENT SERVICES LIMITED
Anandlok Building, Block-A, 2nd Floor, Room No. 207, 227
A.J.C Bose Road, Kolkata-700020, West Bengal, India
Phone: 033-2289-5101 or 4603-2561
Email: info@finshoregroup.com
Website: www.finshoregroup.com

HRH Next Offer Registrar

CAMEO CORPORATE SERVICES LIMITED
No. 01, Club House Road, Mount Road,
Chennai, 600 002, Tamil Nadu
Phone: +91-44 4002 0700, 28460390
Email: ipo@cameoindia.com
Website: www.cameoindia.com

HRH Next IPO Contact Details

HRH NEXT SERVICES LIMITED
4-1-976, Abid Road,
Hyderabad- 500001, Telangana, India
Phone: +91 95536 04777
E-mail: cs@hrhnext.com
Website: www.hrhnext.com

IPO FAQs

How big is the IPO for HRH Next Services?

9.57 crores is the size of HRH’s next offer.

What price range is the HRH Next Services IPO in?

The price per share for HRH’s next public offering is INR 36.

What is the HRH Next IPO’s lot size?

Shares in the HRH Next offer lot size are 3,000.

What is the current HRH Next IPO GMP?

The current GMP for HRH Next IPO is INR NA per share.

What is the current kostak rate for HRH Next?

Today’s HRH Next Kostak rate is NA for each application.

In light of the current Sauda rate, what is HRH Next?

HRH Next is subject to the current Sauda rate of INR NA for each application.

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