What you must know about HRH Next Services IPO?
by 5paisa Research Team
26 Dec 2023
Listing Details
- Listing Exchange NSE SME
- Listing Date 03-Jan-24
- IPO Price Range ₹ 36
- Listing Price ₹ 41
- Listing Change 13.9%
- Last Traded Price ₹ 36.2
- Current Change 0.6%
HRH Next Services IPO Details
- Open Date 27-Dec-23
- Close Date 29-Dec-23
- Lot Size 3000
- IPO Size ₹ 9.57 Cr
- IPO Price Range ₹ 36
- Min Investment ₹ 108,000
- Listing Exchange NSE SME
- Basis of Allotment 01-Jan-24
- Refunds 02-Jan-24
- Credit to Demat Account 02-Jan-24
- Listing Date 03-Jan-24
HRH Next Services IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 27-Dec-23 | - | 1.12 | 4.83 | 2.98 |
| 28-Dec-23 | - | 4.40 | 17.33 | 10.86 |
| 29-Dec-23 | - | 66.91 | 63.59 | 66.28 |
HRH Next Services IPO Synopsis
HRH Next Services Limited IPO is all set to open from 27th December to 29th December 2023. The company is involved in the business of providing business process outsourcing (BPO) services. The IPO includes a fresh issue of 2,658,000 shares worth ₹9.57 cr. The share allotment date is 1st January 2024, and the IPO will be listed on 3rd January 2024 on the stock exchanges. The price band is ₹36 per share and the lot size is 3000 shares.
Finshore Management Services Limited is the book-running lead manager for this IPO, while Cameo Corporate Services Limited is the registrar.
Objectives of HRH Next Services IPO:
HRH Next Services Limited plans to utilize the raised capital from the IPO to:
● To fund the working capital requirements.
● To fund the expansion by launching two new Call Centres.
● To fund working expenditure requirements of buying Computer Systems.
● General corporate purposes.
● For funding public issue expenses.
About HRH Next Services
Incorporated in 2007, HRH Next Services Limited is in the business of providing business process outsourcing (BPO) services. This includes:
● Call Centre Services
● Covering Inbound Services
● Outbound Services
● Backend Support
● Chat Support
● Email Support
The company is ISO 9001:2015 and ISO/IEC 27001:2022 certified for quality assurance. Its clientele is based in various industries like Telecom, Foodtech, Autotech, E-Commerce, Fintech, Education, Healthcare, Government, Banking, and more.
Peer Comparison
● Platinumone Business Services Limited
● We Win Limited
● Kandarp Digi Smart BPO Limited
For More Information:
Webstory on HRH Next Services IPO
HRH Next Services Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 51.12 | 44.15 | 24.16 |
| EBITDA | 6.85 | 2.79 | 1.57 |
| PAT | 3.48 | 0.93 | 0.25 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Total Assets | 28.82 | 18.64 | 12.98 |
| Share Capital | 0.20 | 0.20 | 0.20 |
| Total Borrowings | 18.37 | 11.67 | 6.94 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | 7.72 | 2.06 | 2.24 |
| Net cash from / (used in) investing activities | -7.57 | -3.39 | -3.14 |
| Net cash flow from / (used in) financing activities | -0.19 | -0.035 | -1.18 |
| Net increase (decrease) in cash and cash equivalents | -0.005 | -1.36 | -2.09 |
HRH Next Services IPO Key Points
-
Strengths
1. The company has Superior Process Solutions and Excellent Infrastructure and Technology.
2. It has ISO 9001:2015 and ISO/IEC 27001:2022 certifications for quality.
3. It understands and provides specialized solutions to clients.
4. Experienced Management team.
-
Risks
1. Technology plays a crucial part in the business and any disruption in it can impact the company.
2. Wage increases in India may prevent the company from sustaining its competitive advantage and reduce its profit margin.
3. A significant portion of the revenue is from Outbound Sales & Services.
4. Operates in a highly competitive industry.
5. It is also dependent on hiring and retaining skilled personnel.
6. The company has reported negative cash flows in the past.
HRH Next Services
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
Enter your UPI ID and click on submit. With this, your
bid will be placed with the exchange -
You will receive a mandate notification to block funds in
your UPI app -
Approve the mandate request on your UPI and funds
will be blocked
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HRH Next Services IPO FAQs
What is the minimum lot size and investment required for the HRH Next Services IPO?
The minimum lot size of HRH Next Services IPO is 3000 shares and the investment required is ₹1,08,000.
What is the price band of HRH Next Services IPO?
The price band of HRH Next Services IPO is ₹36 per share.
When does the HRH Next Services IPO opens and closes?
HRH Next Services IPO opens from 27th December to 29th December 2023.
What is the size of the HRH Next Services IPO?
The size of HRH Next Services IPO is ₹9.57 cr.
What is the allotment date of the HRH Next Services IPO?
The share allotment date of HRH Next Services is 1st January 2024.
What is the HRH Next Services IPO listing date?
The HRH Next Services IPO will be listed on 3rd January 2024.
Who are the book runners for the HRH Next Services IPO?
Finshore Management Services Limited is the book-running lead manager for HRH Next Services IPO.
What is the objective of HRH Next Services IPO?
HRH Next Services Limited plans to utilize the raised capital from the IPO to:
1. To fund the working capital requirements.
2. To fund the expansion by launching two new Call Centres.
3. To fund working expenditure requirements of buying Computer Systems.
4. General corporate purposes.
5. For funding public issue expenses.
How to apply for the HRH Next Services IPO?
To apply for HRH Next Services IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the HRH Next Services IPO
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
● You will receive a mandate notification to block funds in your UPI app.
Contact Details of HRH Next Services IPO
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 Register
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: ipo@cameoindia.com
Website: https://ipo.cameoindia.com/
HRH Next Services IPO Lead Manager
Finshore Management Services Limited
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