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SME IPO Status: Listed [27th Dec 2023 to 29th Dec 2023]
HRH Next Services IPO, a SME IPO of ₹9.57 Cr was launced on 27-12-2023 to 29-12-2023 and the shares got listed on NSE SME on 03-01-2024.
The public issue of HRH Next Services IPO (HRHNEXT) was offered at ₹36.00 per share and the ipo was listed at ₹41. It has delivered listing gain of 13.89%.
As the minimum lot size was 3000 shares, the IPO has offered Rs 15000 per lot return on listing.
| SME IPO Issue Opening Date: | 27th Dec 2023 |
| SME IPO Issue Closing Date: | 29th Dec 2023 |
| SME IPO Issue Price: | ₹36.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| IPO Listing At: | NSE SME |
| Retail Quota: | 50% of the Net issue |
| SME IPO Issue Type: | Fixed Price Issue |
| SME IPO Issue Size: | ₹9.57 Cr |
| Fresh Issue: | ₹9.57 Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 97.88% |
| Promoter Holding Post IPO: | 69.61% |
| Allotment Status: | Allotment Status |
| NSE Code: | HRHNEXT |
Get important updates regarding HRH Next Services SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 1st Jan 2024 |
| Refunds Initiation* | 2nd Jan 2024 |
| Credit of Shares to Demat* | 2nd Jan 2024 |
| SME IPO Listing Date* | 3rd Jan 2024 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹36.00 |
| Market Lot: | 3000 Shares |
| 1 Lot Amount: | ₹108000 |
| Min HNI Lots: | 6000 shares (2 lots) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 03-01-2024 | 36.00 | 9 | 20500 | ₹45 (25%) | 3-Jan-2024 9:30 |
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
HRH Next Services Limited was founded in February 2007 and is active in the field of Business Process Outsourcing (BPO). The company offers a comprehensive range of call centre services, including inbound, outbound, backend, chat, email, and more. Their speciality is providing efficient end-to-end solutions for their clients. They customize their world-class solutions to meet specific business needs and help clients achieve their goals.
As a business process management company, HRH Next offers a wide range of services including customer service, sales and marketing. HRH Next recognizes the individuality of each business and strives to cater to their specific needs. By utilizing the latest technologies, digital and assisted channels and best practices, HRH Next ensures that you, the client, get the desired results.
Their service offering includes the following areas:
| Incorporation | Sector | IPO Issue Size | Website |
| 2007 | BPO/ KPO | ₹9.57 Cr | http://www.hrhnext.com/ |
The Objects of the Issue are:
Our experts can help you prepare for SME IPO
The table below is live update of SME IPO bidding details from NSE and BSE.
| Day | NII | RII | Total | |
|---|---|---|---|---|
| # of Shares Offered | 1,263,000 (50.06%) | 1,260,000 (49.94%) | 2,523,000 | |
| 1 | 27th Dec 2023 19:31 | 1.12x | 4.83x | 2.98x |
| 2 | 28th Dec 2023 19:31 | 4.40x | 17.33x | 10.86x |
| 3 | 29th Dec 2023 19:31 | 66.91x | 63.61x | 66.29x |
HRH Next Services Limited's revenue increased by 15.73% and profit after tax (PAT) rose by 273.85% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 3,113.86 | 2,882.29 | 1,864.85 | 1,298.10 |
| Revenue | 2,152.51 | 5,124.96 | 4,428.42 | 2,424.26 |
| Profit After Tax | 150.84 | 347.79 | 93.03 | 25.18 |
| Net Worth | 1,320.71 | 1,044.79 | 697.00 | 603.97 |
| Reserves and Surplus | 665.96 | 1,024.79 | 677.00 | 583.97 |
| Total Borrowing | 1,083.77 | 990.57 | 442.58 | 401.88 |
| Amount in ₹ Lakhs | ||||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| HRH Next Services Limited | 5.61 | 16.85 | 6.42 | 33.29 | Standalone | |
| Platinumone Business Services Limited | 14.53 | 88.4 | 15.62 | 16.43 | Standalone | |
| Kandarp Digi Smart BPO Limited | 1.41 | 18.81 | 12.06 | 6.05 | Standalone | |
| We Win Limited | 2.57 | 23.26 | 15.18 | 11.03 | Standalone |
Last Updated on 07-Jan-2024 06:02:44
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase HRH Next Services SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply HRH Next Services SME IPO with Zerodha.
Alternate approch to apply in HRH Next Services SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
HRH Next Services SME IPO Review and Important Updates
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To subscribe or apply in HRH Next Services SME IPO, you can use the following methods:
| HRH Next Services SME IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in HRH Next Services SME IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in HRH Next Services SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in HRH Next Services SME IPO. Most of the Syndicate Banks provide access to apply in HRH Next Services IPO via ASBA process. You must have your net banking access, DP ID information to apply in HRH Next Services SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in HRH Next Services SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
HRH Next Services SME IPO Review and Important Updates
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HRH Next Services SME IPO is going to be list on 03-01-2024. NSE Code for HRH Next Services is HRHNEXT.
Other relevant questions:
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HRH Next Services SME IPO Allotment Date is 01-01-2024.
Other relevant questions:
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