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HRH Next IPO

HRH Next Services IPO

  • Status: Closed
  • RHP:
  • ₹ 108,000 / 3000 shares

    Minimum Investment

IPO Details

  • Open Date

    27 Dec 2023

  • Close Date

    29 Dec 2023

  • IPO Price Range

    ₹ 36

  • IPO Size

    ₹ 9.57 Cr

  • Listing Exchange

    NSE SME

  • Listing Date

    03 Jan 2024

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IPO Timeline

HRH Next Services IPO Subscription Status

Last Updated: 03 January 2024 8:57 PM by 5Paisa

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. 
 

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
 

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


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. 
 

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FAQs

The minimum lot size of HRH Next Services IPO is 3000 shares and the investment required is ₹1,08,000.

The price band of HRH Next Services IPO is ₹36 per share. 

HRH Next Services IPO opens from 27th December to 29th December 2023.
 

The size of HRH Next Services IPO is ₹9.57 cr. 

The share allotment date of HRH Next Services is 1st January 2024.

The HRH Next Services IPO will be listed on 3rd January 2024.

Finshore Management Services Limited is the book-running lead manager for 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.   
 

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.