HRH Next Services Ltd
Price Range
₹36
Min. Quantity
3,000
Closes on
29 December 2023
Min. investment
₹1,08,000/3,000 Shares
HRH Next Services Ltd IPO Timeline
HRH Next Services Ltd was originally incorporated as Private Limited in the name of 'HRH Next Services Private Limited' on February 02, 2007 issued by Registrar of Companies, Andhra Pradesh. Subsequently, Company got converted into Public Limited and name of the Company changed to 'HRH Next Services Limited' vide a fresh Certificate of Incorporation dated August 25, 2023 in Hyderabad issued by RoC.
| Event | Date |
|---|---|
| HRH Next Services Ltd IPO Opening Date | 27 December 2023 |
| HRH Next Services Ltd IPO Closing Date | 29 December 2023 |
| Basis of Allotment | 1 January 2024 |
| Initiation of Refunds | 2 January 2024 |
| Credit of Shares to Demat | 2 January 2024 |
| HRH Next Services Ltd IPO Listing Date | 3 January 2024 |
HRH Next Services Ltd IPO Details
| HRH Next Services Ltd IPO Date | 27 December 2023 to 29 December 2023 |
| HRH Next Services Ltd IPO Face Value | ₹10 per share |
| HRH Next Services Ltd IPO Price | ₹36 to ₹0 per share |
| HRH Next Services Ltd IPO Lot Size | 3,000 |
| Issue Size | Shares of ₹10 (aggregating up to ₹9.57 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating up to ₹9.57 Cr) |
| Offer for Sale | - |
| Issue Type | Fixed Price - SME |
| Listing At | NSE - SME |
| QIB Shares Offered | - |
| Retail Shares Offered | - |
| NII (HNI) Shares Offered | - |
| Company Promoters | Ankit Sanjay Shah, Parikshit Pankaj Shah, Tara Sanjay Shah |
HRH Next Services Ltd IPO Lot Size
The HRH Next Services Ltd IPO lot size is 3,000 shares. A retail-individual investor can apply for up to 1 lots (3,000 shares or ₹1,08,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 3,000 | ₹1,08,000 |
| Maximum | 1 | 3,000 | ₹1,08,000 |
- Strengths
- Risks
- Opportunities
- Established and proven track record.
- Leveraging the experience of its Promoters.
- Experienced management team and a motivated and efficient work force.
- Cordial relations with its customers.
- Quality Assurance & Control .
Company Financials
HRH Next Services Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 37.13 | 45.77 | 1.84 |
| 03-2023 | 28.82 | 51.25 | 2.77 |
| 03-2022 | 18.65 | 44.28 | 0.93 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Expansion of its services by lanunching 2 call centres
- Capital expenditure towards purchase of computer systems
- Working capital requirements
- General corporate expenses
HRH Next Services Ltd IPO Promoter Holding
| Pre Issue Share Holding | 45.82% |
| Post Issue Share Holding | 32.59% |
HRH Next Services Ltd IPO Subscription Status (Bidding Detail)
The HRH Next Services Ltd IPO is subscribed 61.9955 times on 29 December 2023 05:00:00 PM. The public issue subscribed 0 times in the retail category, 0 times in the QIB category, and 0 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | - | - | - | - | 61.9955 |
HRH Next Services Ltd IPO Prospectus
HRH Next Services Ltd IPO Listing Date
| Listing Date | 3 January 2024 |
| BSE Script | 92234 |
| NSE Symbol | HRHNEXT |
| Listing In | NSE - SME |
| ISIN | INE0R3501012 |
| IPO Price | ₹36 |
| Face Value | ₹10 |
Company Contact Information
# 4-1-976 Abid Road,Hyderabad-500001
Phone: +91 95536 04777
Email: cs@hrhnext.com
Website: www.hrhnext.com
HRH Next Services Ltd IPO Registrar
HRH Next Services Ltd IPO Lead Manager(s)
- Finshore Management Services Ltd
FAQ
What is the issue size of HRH Next Services Ltd IPO?
I have pre-applied for HRH Next Services Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.