HRH Next Services Limited
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Dec 27 - Dec 29, 2023
Price Band
₹36
Current GMP
₹41 (13.88%)
Subscription
66.29 times
IPO Details
| IPO Date | December 27, 2023 to December 29, 2023 |
| Listing Date | Wednesday, January 3, 2024 |
| Face Value | ₹10 per share |
| Price | ₹36 per share |
| Lot Size | 3000 Shares |
| 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) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 6,547,438 |
| Share holding post issue | 9,205,438 |
| Market Maker portion | 135,000 shares Nikunj Stock Brokers |
IPO Date
December 27, 2023 to December 29, 2023
Listing Date
Wednesday, January 3, 2024
Face Value
₹10 per share
Price
₹36 per share
Lot Size
3000 Shares
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)
Issue Type
Fixed Price Issue IPO
Listing At
NSE SME
Share holding pre issue
6,547,438
Share holding post issue
9,205,438
Market Maker portion
135,000 shares Nikunj Stock Brokers
IPO Subscription Details
| Market Maker | 1 |
| Non-Institutional Buyers* | 66.91 |
| Retail Investors | 63.61 |
| Total ** | 66.29 |
Market Maker
1
Non-Institutional Buyers*
66.91
Retail Investors
63.61
Total **
66.29
Day Wise Sub
| Day | NII* | Retail | Total |
|---|---|---|---|
| Day 1 Dec 27, 2023 | 1.12 | 4.83 | 2.98 |
| Day 2 Dec 28, 2023 | 4.40 | 17.33 | 10.86 |
| Day 3 Dec 29, 2023 | 66.91 | 63.61 | 66.29 |
DayDay 1
Dec 27, 2023
NII*1.12
Retail4.83
Total2.98
DayDay 2
Dec 28, 2023
NII*4.40
Retail17.33
Total10.86
DayDay 3
Dec 29, 2023
NII*66.91
Retail63.61
Total66.29
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 03-01-2024 | 36.00 | 9 (25%) | 45 |
| 02-01-2024 | 36.00 | 9 (25%) | 45 |
| 01-01-2024 | 36.00 | 9 (25%) | 45 |
| 31-12-2023 | 36.00 | 9 (25%) | 45 |
| 30-12-2023 | 36.00 | 9 (25%) | 45 |
| 29-12-2023 | 36.00 | 8 (22.22%) | 44 |
| 28-12-2023 | 36.00 | 0 (0%) | 36 |
| 26-12-2023 | 36.00 | 0 (0%) | 36 |
| 26-12-2023 | 36.00 | 999 (999.99%) | 1035 |
Date03-01-2024
Price36.00
GMP9 (25%)
Estimate List Price45
Date02-01-2024
Price36.00
GMP9 (25%)
Estimate List Price45
Date01-01-2024
Price36.00
GMP9 (25%)
Estimate List Price45
Date31-12-2023
Price36.00
GMP9 (25%)
Estimate List Price45
Date30-12-2023
Price36.00
GMP9 (25%)
Estimate List Price45
Date29-12-2023
Price36.00
GMP8 (22.22%)
Estimate List Price44
Date28-12-2023
Price36.00
GMP0 (0%)
Estimate List Price36
Date26-12-2023
Price36.00
GMP0 (0%)
Estimate List Price36
Date26-12-2023
Price36.00
GMP999 (999.99%)
Estimate List Price1035
IPO Important Dates
| IPO Open Date | Wednesday, December 27, 2023 |
| IPO Close Date | Friday, December 29, 2023 |
| Basis of Allotment | Monday, January 1, 2024 |
| Initiation of Refunds | Tuesday, January 2, 2024 |
| Credit of Shares to Demat | Tuesday, January 2, 2024 |
| Listing Date | Wednesday, January 3, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on December 29, 2023 |
IPO Open Date
Wednesday, December 27, 2023
IPO Close Date
Friday, December 29, 2023
Basis of Allotment
Monday, January 1, 2024
Initiation of Refunds
Tuesday, January 2, 2024
Credit of Shares to Demat
Tuesday, January 2, 2024
Listing Date
Wednesday, January 3, 2024
Cut-off time for UPI mandate confirmation
5 PM on December 29, 2023
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹108,000 |
| Retail (Max) | 1 | 3000 | ₹108,000 |
| HNI (Min) | 2 | 6,000 | ₹216,000 |
ApplicationRetail (Min)
Lots1
Shares3000
Amount₹108,000
ApplicationRetail (Max)
Lots1
Shares3000
Amount₹108,000
ApplicationHNI (Min)
Lots2
Shares6,000
Amount₹216,000
Financial Information
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 3,113.86 | 2,882.29 | 1,864.85 |
| Revenue | 2,152.51 | 5,124.96 | 4,428.42 |
| Profit After Tax | 150.84 | 347.79 | 93.03 |
| Net Worth | 1,320.71 | 1,044.79 | 697.00 |
| Reserves and Surplus | 665.96 | 1,024.79 | 677.00 |
| Total Borrowing | 1,083.77 | 990.57 | 442.58 |
Period EndedPeriod Ended
30 Sep 202330 Sep 2023
31 Mar 202331 Mar 2023
31 Mar 202231 Mar 2022
Period EndedAssets
30 Sep 20233,113.86
31 Mar 20232,882.29
31 Mar 20221,864.85
Period EndedRevenue
30 Sep 20232,152.51
31 Mar 20235,124.96
31 Mar 20224,428.42
Period EndedProfit After Tax
30 Sep 2023150.84
31 Mar 2023347.79
31 Mar 202293.03
Period EndedNet Worth
30 Sep 20231,320.71
31 Mar 20231,044.79
31 Mar 2022697.00
Period EndedReserves and Surplus
30 Sep 2023665.96
31 Mar 20231,024.79
31 Mar 2022677.00
Period EndedTotal Borrowing
30 Sep 20231,083.77
31 Mar 2023990.57
31 Mar 2022442.58
Key Performance Indicator
| P/E (x) | 6.42 |
| Post P/E (x) | 10.98 |
| Market Cap (₹ Cr.) | 33.14 |
| ROE | 39.94% |
| ROCE | 6.80% |
| Debt/Equity | 0.12 |
| EPS (Rs) | 5.61 |
P/E (x)
6.42
Post P/E (x)
10.98
Market Cap (₹ Cr.)
33.14
ROE
39.94%
ROCE
6.80%
Debt/Equity
0.12
EPS (Rs)
5.61
IPO Reservation
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 135,000 (5.08%) |
| Other Shares Offered | 1,263,000 (47.52%) |
| Retail Shares Offered | 1,260,000 (47.40%) |
| Total Shares Offered | 2,658,000 (100%) |
Anchor Investor Shares Offered
-
Market Maker Shares Offered
135,000 (5.08%)
Other Shares Offered
1,263,000 (47.52%)
Retail Shares Offered
1,260,000 (47.40%)
Total Shares Offered
2,658,000 (100%)
Information 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
All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions.
We are not a SEBI Registered analyst. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on Information published on this application.
No financial information whatsoever published anywhere, within this application, should be considered as advice to buy or sell securities or invest in IPOs, or as a guide to doing so in any way whatsoever
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