HRH Next Services Limited is gearing up for its Initial Public Offering (IPO) with a fixed price issue amounting to Rs 9.57 crores. The IPO consists entirely of fresh shares, totaling 26.58 lakh. Subscriptions for the HRH Next Services IPO will be accepted from December 27, 2023, to December 29, 2023. The allotment is anticipated to be finalized by Monday, January 1, 2024, with the listing scheduled for Wednesday, January 3, 2024, on NSE SME.
Here are the key details of the HRH Next Services IPO:
### HRH Next Services IPO Overview:
– **Issue Dates:** December 27, 2023, to December 29, 2023
– **Listing Date:** Not specified
– **Face Value:** ₹10 per share
– **Price:** ₹36 per share
– **Lot Size:** 3000 Shares
– **Total Issue Size:** 2,658,000 shares (₹9.57 Cr)
– **Fresh Issue:** 2,658,000 shares (₹9.57 Cr)
– **Issue Type:** Fixed Price Issue IPO
– **Listing At:** NSE SME
– **Share Holding Pre-Issue:** 97.88%
– **Share Holding Post-Issue:** 69.61%
### HRH Next Services IPO Timeline (Tentative Schedule):
– **IPO Open Date:** December 27, 2023
– **IPO Close Date:** December 29, 2023
– **Basis of Allotment:** January 1, 2024
– **Initiation of Refunds:** January 2, 2024
– **Credit of Shares to Demat:** January 2, 2024
– **Listing Date:** January 3, 2024
– **Cut-off time for UPI mandate confirmation:** 5 PM on December 29, 2023
### HRH Next Services IPO Lot Size:
Investors can bid for a minimum of 3000 shares and in multiples thereof. The table below outlines the minimum and maximum investment amounts for retail investors and High Net Worth Individuals (HNI) in terms of shares and amounts.
**Application Lot Size:**
– Retail (Min): 1 Lot (3000 Shares, ₹108,000)
– Retail (Max): 1 Lot (3000 Shares, ₹108,000)
– HNI (Min): 2 Lots (6000 Shares, ₹216,000)
### HRH Next Services IPO Promoter Holding:
The promoters of HRH Next Services Limited are Mr. Ankit Sanjay Shah, Mr. Parikshit Pankaj Shah, and Mrs. Tara Sanjay Shah. The shareholding pre-issue is 97.88%, and post-issue is 69.61%.
### About HRH Next Services Limited:
Incorporated in February 2007, HRH Next Services Limited is a business process outsourcing service provider offering a range of services, including chat support, backend support, voice support, and email support. The company serves clients from various sectors such as telecom, foodtech, autotech, e-commerce, fintech, education, healthcare, government, and banking.
HRH Next Services specializes in inbound and outbound voice processes, including customer call handling, outbound sales, lead generation, up-selling & cross-selling, advertising campaigns, product launch campaigns, 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.
As of November 30, 2023, HRH Next Services employs 284 individuals who handle various operational, administrative, legal, marketing, and accounting tasks.
### Financial Information:
As of September 30, 2023, HRH Next Services Limited witnessed a 15.73% increase in revenue and a 273.85% rise in profit after tax (PAT) compared to the previous financial year ending March 31, 2022.
**Key Financial Indicators:**
– P/E (Price-to-Earnings) Ratio: 6.42
– Return on Equity (ROE): 39.94%
– Return on Capital Employed (ROCE): 6.80%
– Debt/Equity Ratio: 0.12
– Earnings Per Share (EPS): ₹5.61
– Return on Net Worth (RoNW): 33.29%
### HRH Next Services IPO Objectives:
The primary objectives of the IPO are:
1. Expansion of services by launching 2 call centers
2. Capital expenditure for purchasing computer systems
3. Meeting working capital requirements
4. Covering issue expenses
5. General corporate purposes
### HRH Next Services IPO Prospectus:
Investors can refer to the HRH Next Services IPO RHP (Red Herring Prospectus) for more detailed information.
