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HRH Next Services IPO is a book build IPO listing on NSE EMERGE exchange. The company is based in Hyderabad and caters to Outsourcing - BPO sector. Finshore Management Services is the merchant banker of HRH Next Services IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 28th September 2023.
HRH Next Services IPO open date is 27th December 2023 and close date is 29th December 2023. IPO Allotment Date is 1st January 2024 and Listing date is 3rd January 2024.HRH Next Services IPO size is Rs 9.57 Cr. crores with IPO price of Rs 36.00 Cr.. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.
Finshore Management Services Limited is the book-running lead manager of the HRH Next Services IPO. Cameo Corporate Services Limited is the Registrar and Market Maker is Nikunj Stock Brokers Limited for HRH Next Services IPO.
HRH Next Services IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.
HRH Next Services IPO, based in Hyderabad, operates in the Outsourcing - BPO sector with a focus on A comprehensive suite of Call Centre Services. The company is launching its SME IPO on the NSE EMERGE exchange, using the Fixed Price Issue method. HRH Next Services IPO size is ₹ 9.57 Cr. Crores with fresh issue size of Rs 9.57 Cr. Crores and Offer for sale being Nil.
The IPO allotment date for HRH Next Services IPO is expected to be 1st January 2024, after the finalization of basis of allotment. Investors can check HRH Next Services IPO allotment status on the registrars website, Cameo Corporate Services Limited. HRH Next Services IPO refund dates are 2nd January 2024.
HRH Next Services IPO is expected to be listed on 3rd January 2024.
The upper price band for the HRH Next Services IPO is set at ₹ 36.00 per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.
For IPO analysis on HRH Next Services IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.
To apply for the HRH Next Services IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of 29th December 2023. After submission, funds are blocked until the basis of allotment of HRH Next Services IPO is finalised.
The merchant banker for HRH Next Services IPO is Finshore Management Services Limited . Finshore Management Services Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the HRH Next Services IPO RHP for further details.
The registrar for HRH Next Services IPO is Cameo Corporate Services Limited. Investors can go to Cameo Corporate Services Limited registrar website for IPO allotment status, refund processing, and other queries related to HRH Next Services IPO through their official website or helpline.
HRH Next Services IPO was subscribed 66.29 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.
IPO
Size:
₹ 9.57 Cr.
Avg IPO Size (Sector Based)
:
₹ 7.51 Cr.
Sector: Outsourcing - BPO
SME IPO so far:
5
Merchant Banker:
Finshore Management
SME IPO by BRLM so far:
47
City:
Hyderabad
SME IPO so far:
23
Revenue (annualised):
₹ 42.78 cr.
PE
Ratio:
10.99x
Average Sector PE Ratio: 15.42x
HRH Next Services IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on HRH Next Services Financial Review Page
Merchant Banker(s) of HRH Next Services IPO: Finshore Management Services Limited
HRH Next Services IPO subscription was 66.29 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.
HRH Next Services IPO listed at a listing price of 43.05 against the offer price of 36.00.
The current market price of HRH Next Services is 52.25.
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