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Let’s have a detailed review of the company and analytics of the HRH Next Services IPO release date, IPO offer price, subscription, HRH Next Services Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.

Face Value Rs 10
Price Band Rs 36
Listing At NSE, SME
Min. Order Quantity 3000 Shares
Listing Date January 3, 2024
Offer for Sale Rs Lakh
Fresh Issue Rs 957 Lakh
IPO Size Rs 957 Lakh
Tick Size 1

HRH Next Services IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.

Live Performance – HRH Next Services Share Price

HRH Next Services IPO – Summary

HRH Next Services IPOHRH Next Services Limited is engaged in Business Process Outsourcing (BPO) offering a comprehensive suite of Call Centre Services, covering Inbound Services, Outbound Services, Backend Support, Chat Support, Email Support and more.

Their speciality is in providing efficient end-to-end solutions to their clients. They customise their top-notch solutions to meet specific business needs, helping their clients achieve their objectives.

The Promoter of this company is MR. ANKIT SANJAY SHAH, MR. PARIKSHIT PANKAJ SHAH, AND MRS. TARA SANJAY SHAH. The lead manager of the issue is FINSHORE MANAGEMENT SERVICES LIMITED, and the Registrar of this issue is CAMEO CORPORATE SERVICES LIMITED.

HRH Next Services IPO Date

The opening and closing dates of HRH Next Services IPO are December 27, 2023 and December 29, 2023, respectively.

HRH Next Services IPO Subscription

Day / Date NII RII Total Subscription
1st Day – 27th Dec 1.12x 4.83x 2.98x
2nd Day – 28th Dec 4.40x 17.33x 10.86x
3rd Day – 29th Dec 66.91x 63.61x 66.29x
Shares Offered or Net Issue 1,263,000 1,260,000 2,658,000

The shares subscribed by the public will be updated here.

HRH Next Services IPO Allotment Status

Here, you can find the Allotment Status of this IPO.

Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.

HRH Next Services Limited IPO Listing Date

Find the dates below on basis of allotment, refund, listing, and more:

Basis of Allotment Finalization January 1, 2024
Refunds Initiation January 2, 2024
Credit of Shares to Demat Account January 2, 2024
Share Listing Date January 3, 2024

HRH Next Services IPO Price Band

The face value of each share is Rs.10, but the price band of the IPO is Rs.36

HRH Next Services IPO Equity Size

This Initial Public Issue of 2,658,000 Equity Shares of Rs.10 each for cash at a price of Rs.36 per equity share aggregating to Rs.957 Lakh.

HRH Next Services IPO Share Offering

Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 2,658,000 Equity Shares of Rs.10/ each.

Issue Size: 2,658,000 Equity Shares of Rs.10 each, aggregating to Rs.957 Lakh

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    HRH Next Services IPO – Live Performance

    The listing date of this IPO is January 3, 2024. You can check the live performance of the IPO here, only after it is listed on exchanges.

    Live IPO Performance – HRH Next Services Share Price

    HRH Next Services IPO Grey Market Premium

    The HRH Next Services Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is Rs X. 

    HRH Next Services IPO – Company Overview

    Their Company was originally incorporated on February 02, 2007, as “HRH Next Services Private Limited” under the provisions of the Companies Act, 1956 with the Registrar of Companies, Andhra Pradesh. Subsequently, their Company was converted into a Public Limited Company and the name of the company was changed from “HRH Next Services Private Limited” to “HRH Next Services Limited” vide a fresh certificate of incorporation dated August 25, 2023, issued by the Registrar of Companies, Hyderabad.

    Incorporated in the year 2007, HRH Next has seen exponential growth over the years. As a domestic contact centre services provider, they are always committed to fulfilling the requirements of their clientele according to their needs. In order to meet these requirements, they have adapted to the best measures in the industry for customer support services.

    They transform customer experiences by providing excellent services to companies of multiple sectors. Using the latest technology; an experienced & dynamic team; and simple yet effective language, they help consumers understand, relate to, and have a positive experience with brands. HRH Next is proud to be an early adopter, whose vision is to change the customer experience landscape in India.

    HRH Next Services IPO – Financial Statements

    A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:

    Financial Summary:

    Amount (in INR)
    30-Sep-23 31-Mar-23 Mar-22 31-Mar-21
    Total Assets 31,13,85,837 28,82,29,418 18,64,85,458 12,98,10,077
    *Total Revenue 21,52,50,679 51,24,96,301 44,28,42,202 24,24,26,025
    Total Expense 19,51,06,086 46,31,05,196 42,87,10,716 23,87,31,015
    Profit After Tax 1,50,83,937 3,47,79,343 93,02,991 25,18,330

    Earnings per Equity Share (in Lakh)

    30-Sep-23 31-Mar-23 Mar-22 31-Mar-21
    Basic & Diluted 2.41 5.61 1.50 0.41

    Further, their PAT for the period ended on March 31, 2023, March 31, 2022, and March 31, 2021, were Rs. 3,47,79,343, Rs. 93,02,991 and Rs. 25,18,330 respectively.

    HRH Next Services IPO – Promoters

    The Promoter of this company is:


    List of Related Parties (Key Managerial Personnel)

    • Ankit Sanjay Sha, Managing Director
    • Trishla Shah, Wholetime Director
    • Parikshit Pankaj Shah, Non-Executive Director
    • Srikanth Punati, Independent Director
    • Neha Agarwal, Independent Director

    HRH Next Services IPO – Promoters Holding

    • Pre-Issue Share Holding – 97.88%
    • Post-Issue Share Holding – 69.61%

    HRH Next Services IPO Offer Details or Issue Details

     Particulars  No. Of Equity Shares
     Equity Shares Offered  Up to 26,58,000 Equity Shares aggregating up to Rs.956.88 Lakh
    of which:
    Issue Reserved for the Market Makers Up to 1,35,000 Equity Shares aggregating up to Rs.48.60
    Net Issue to the Public Up to 25,23,000 Equity Shares aggregating up to Rs.908.28
    Of which:
    Retail Investors Portion Not less than 12,63,000 Equity Shares
    Other than Retail Individual Investors Not more than 12,60,000 Equity Shares
     Equity Shares outstanding prior to the Issue 65,47,438 Equity Shares
     Equity Shares outstanding after the Issue 92,05,438 Equity Shares

    HRH Next Services IPO Issue Object

    Their Company proposes to utilize the Net Proceeds towards funding the following objects:

    • Expansion of their 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 – Business Strategy

    • Expand their Current Business Relationships
    • Optimal Utilization of Resources
    • Enhance operational controls to ensure timely completion of Service
    • To build up a Professional Organization
    • Invest in infrastructure and technology

    HRH Next Services IPO – Basis of Offer Price

    The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.

    Qualitative factors are:

    • Established and proven track record;
    • Leveraging the experience of their Promoters;
    • Experienced management team and a motivated and efficient workforce;
    • Cordial relations with their customers
    • Quality Assurance & Control

    The relevant quantitative factors are:

    Basic & Diluted EPS RONW (%) NAV (Rs.)
    31-Mar-23 5.61 33.29 16.85
    31-Mar-22 1.50 13.35
    Mar-21 0.41 4.17

    HRH Next Services IPO: Competitive Peers

    Face Value (Rs.) P/E EPS (Rs.) Return on Net Worth (%) Total Income (Rs. in Lakhs)
    HRH Next Services Limited 10 15.62 14.53 16.43% 2,617.97
    Listed Peers
    Platinumone Business Services Limited 10 12.06 1.41 6.05% 1,611.28
    Kandarp Digi Smart BPO Limited 10 15.18 2.57 11.03% 4,910.47

    HRH Next Services IPO Lead Managers

    Lead Managers
    Anandlok Building, Block-A, 2nd Floor, Room No. 207,
    227 A.J.C Bose Road, Kolkata-700020, West Bengal, India
    Telephone: 033 – 2289 5101 / 4603 2561
    Email: info@finshoregroup.com
    Contact Person: Mr. S. Ramakrishna Iyengar
    Website: www.finshoregroup.com
    Investor Grievance Email: investors@finshoregroup.com
    SEBI Registration No: INM000012185
    CIN No: U74900WB2011PLC169377

    HRH Next Services IPO Registrar to offer

    Registrar to the Offer
    “Subramanian Building”, #1, Club House Road,
    Chennai – 600 002, India
    Telephone: +91-44-40020700, 28460390
    Email: ipo@cameoindia.com
    Contact Person: Ms. K. Sreepriya
    Website: www.cameoindia.com
    Investor Grievance Email: investor@cameoindia.com
    SEBI Registration Number: INR000003753
    CIN No: U67120TN1998PLC041613

    HRH Next Services IPO – Other Details

    • Statutory Auditor – “M/s. R. Subramanian and Company LLP, Chartered Accountants”
    • Legal Counsel to the Company – J MUKHERJEE & ASSOCIATES
    • Bankers to the Company – ICICI Bank Limited

    HRH Next Services IPO Review by Stock Brokers

    Top Stock Brokers Review Company Reputation Competitive Edge Financial Statement Popularity Index Promoters Reputation
    Angel Broking 7.5/10 7.4/10 8.5/10 8.1/10 7.1/10
    Sharekhan 7.2/10 7.1/10 8.6/10 8.1/10 7.2/10
    Kotak Securities 7.3/10 7.5/10 8.4/10 8.1/10 7.3/10
    ICICI Direct 7.3/10 7.3/10 8.7/10 8.1/10 7.1/10
    IIFL 7.5/10 7.2/10 8.8/10 8.0/10 7.1/10
    Edelweiss 7.5/10 7.4/10 8.4/10 8.3/10 7.2/10
    Zerodha 7.4/10 7.1/10 8.5/10 8.1/10 7.0/10
    5Paisa 7.1/10 7.1/10 8.4/10 8.1/10 7.1/10
    Karvy 7.4/10 7.3/10 8.2/10 8.1/10 7.1/10
    Motilal Oswal 7.1/10 7.1/10 8.6/10 8.3/10 7.2/10


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      HRH Next Services Limited IPO News

      News 1 – IPO DRHP Download

      News 2 – IPO RHP Prospectus Download

      HRH Next Services IPO Review FAQs

      Check out various FAQs related to HRH Next Services IPO:

      What is the Issue Size of HRH Next Services IPO?

      The Company is making an initial public offer of 2,658,000 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.

      What is the Price band of HRH Next Services IPO?

      The price band for this particular IPO ranges between Rs 36. As far as the face value of the share is concerned, it is Rs. 10 per share.

      What is the HRH Next Services IPO Open Date?

      The opening and closing dates for this IPO have been updated. The IPO is set to open on December 27, 2023, while the closing date is set at December 29, 2023.

      What is the HRH Next Services IPO Allotment Date?

      They also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on January 1, 2024, refund initiation is on January 2, 2024, credit of shares is on January 2, 2024, and share listing date is on January 3, 2024.

      What is the HRH Next Services IPO Listing Date?

      Shares of this company shall be listed in the exchanges on January 3, 2024. The date, when the listing would be done, is stagnant on January 3, 2024.

      Who is the Registrar of HRH Next Services IPO?

      One of the reputed registrars is managing the issue of this IPO, i.e. CAMEO CORPORATE SERVICES LIMITED. Their website will help you regarding the further information you are on the lookout for.

      Who is the Promoter of HRH Next Services IPO?

      Here are the promoters of this IPO – MR. ANKIT SANJAY SHAH, MR. PARIKSHIT PANKAJ SHAH, AND MRS. TARA SANJAY SHAH. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.

      What is the GMP of HRH Next Services IPO?

      They have obtained the GMP of this IPO and it is Rs NA. Further insights into the Kostak rate and subject to sauda or SS are as well included in this report.

      Is HRH Next Services IPO Good for Investment?

      They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.

      What is the PAT of HRH Next Services Company?

      They have the information on company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2023 is 3,47,79,343, 2022 is 93,02,991, and 2021 is 25,18,330. PAT from Jun 2023 is 1,50,83,937.

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