HRH Next IPO GMP, Review, Price, Allotment

Last updated on January 3, 2024

HRH Next IPO description – HRH Next Services operates in the realm of Business Process Outsourcing (BPO) and provides an all-encompassing range of Call Centre Services. These services include Inbound Services, Outbound Services, Backend Support, Chat Support, Email Support, and more. The company excels in delivering streamlined end-to-end solutions to its clients. It tailors its high-quality solutions to align with the specific requirements of businesses, aiding clients in accomplishing their objectives.

HRH Next has undergone exponential growth over the years. As a provider of domestic contact center services, the company maintains an unwavering commitment to fulfilling the requirements of its clientele following their needs. To meet these demands, the company has embraced the industry’s best practices for customer support services.

In addition to the aforementioned services, HRH Next Services plans to establish two Call Centres, each with a seating capacity of 150, in Palakkad, Kerala, and Raichur, Karnataka. The overall estimated cost for operating these two facilities is INR 2.86 crore, encompassing expenses such as 300 computer systems amounting to INR 1.51 crore.

Promoters of HRH Next Services – Ankit Sanjay Shah, and Parikshit Pankaj Shah

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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

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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

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HRH Next Services IPO News

• HRH Next Services RHP
• HRH Next Draft Prospectus
• ASBA IPO Forms
• Live IPO Subscription Status
• IPO Allotment Status

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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

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HRH Next IPO GMP Today

Date	Consolidated IPO GMP	Kostak	Subject to Sauda
2 January 2024	9	–	–
1 January 2024	8	–	–
30 December 2023	5	–	–

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HRH Next IPO Subscription – Live Updates

Category	Non-retail	Retail	Total
Shares Offered	1,395,000	1,263,000	2,658,000
29 Dec 2023	60.67	63.42	61.98
28 Dec 2023	5.04	20.67	12.47
27 Dec 2023	1.83	9.56	5.50

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HRH Next IPO Allotment Status

HRH Next IPO allotment status is now available on Cameo Corporate Services’ website. Click on Cameo Corporate Services weblink to get allotment status.

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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	INR 41 per share (up 13.89%)
Closing Price on NSE SME	INR 43.05 per share (up 19.58%)

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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 / 4603 2561
Email: [email protected]
Website: www.finshoregroup.com

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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: [email protected]
Website: www.cameoindia.com

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HRH Next IPO Contact Details

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

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