HRH Next Services Limited IPO

Price
₹36
Lot
3000
Subs.
66.29
Expected Listing Earning

Exp. Premium(GMP):
N/A(N/A%)
IPO Details

Open Date: 27-Dec-2023
Close Date: 29-Dec-2023
Allotment Date: 01-Jan-2024
Listing Date: 03-Jan-2024
Listing Price: ₹52.25/-
Face Value: ₹10 Per Equity Share
Issue Price: ₹36 Per Equity Share
Issue Size: Total Issue Size 2,658,000 shares (aggregating up to ₹9.57 Cr) : Fresh Issue 2,658,000 shares (aggregating up to ₹9.57 Cr)
Market Lot (Min Amount): Retail - ₹108,000 : HNI - ₹216,000
Subscription Details Updated at End of the Day

As on

QIB / Nll

Rll

Total

Shares Offered/Reserved1,263,0001,260,0002,523,000
Day 1 - 27-12-23 
05:00 PM
1.12x4.83x2.98x
Day 2 - 28-12-23 
05:00 PM
4.40x17.33x10.86x
Day 3 - 29-12-23 
05:00 PM
66.91x63.61x66.29x
Total No. of Application:26,715 (Approx.)
Retail Subscription on the basis of Apps:63.61x
Valuations

Earning Per Share(EPS)5.61/-
P/E Ratio6.42
RoNW33.29%
Net Asset Value (NAV) - Post Issue:16.85/-
Company Financials (in Crore)

 Total AssetsTotal RevenueProfit After Tax
31 Sep,20233,113.862,152.51150.84
31 Mar,20232,882.295,124.96347.79
31 Mar,20221,864.854,428.4293.03
31 Mar,20211,298.102,424.2625.18
Promoter(s)

Pre Issue Share Holding97.88%
Post Issue Share Holding69.61%
Company Promoter(s)
1. Mr Ankit Sanjay Shah
2.Mr Parikshit Pankaj Shah
3. Mrs Tara Sanjay Shah
Issue Objective(s)

The Objects of the Issue are:

  1. Expansion of the Services by launching 2 (two) Call Centres
  2. Capital Expenditure towards purchase of Computer Systems
  3. To meet the working capital requirements
  4. To meet the Issue Expenses
  5. General Corporate Purposes
About Company

Incorporated in Feburary 2007, 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.

Disclaimer

No financial information whatsoever published anywhere, within this application, should be considered as an advise to buy or sell securities or invest in IPOs, or as guide to do so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions. 

Also we are not a SEBi registered analyst comapny. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published on this application. Above information is based on information available as on date coupled with market perceptions.

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