
Emerging SME Services · NSE
Incorporated in February 2007, HRH Next Services Limited is a Business Process Outsourcing (BPO) company offering voice, chat, email and backend support services. The company serves clients across telecom, foodtech, autotech, e-commerce, fintech, education, healthcare, government, banking and other sectors. Its service portfolio includes inbound voice support for customer queries, and outbound voice services for sales, lead generation, follow-ups, renewals, order updates and escalations. HRH Next is ISO 9001:2015 and ISO/IEC 27001:2022 certified, ensuring quality and data security standards. It also provides digital channel support, chatbot support, business support services and consulting. As of November 30, 2023, the company has 284 employees.
Price Band
₹36
Issue Size
₹9.57 Cr
Lot Size
3000 shares
GMP
+13.9%
Est. Listing
₹41
at current GMP
Subscribed
65.31x
overall
Open
27 Dec 2023
Close
29 Dec 2023
Allotment
1 Jan 2024
Refund
2 Jan 2024
Demat Credit
3 Jan 2024
Listing
3 Jan 2024
Designated Registrar: Cameo Corporate Services Limited
Allotment Date
1 Jan 2024
Basis finalization
Refunds Initiate
2 Jan 2024
Mandate release
Demat Credit
3 Jan 2024
Shares in demat
Listing Debut
3 Jan 2024
Trading begins
HRH Next Services Limited is bringing an initial public offering (IPO) in the Emerging SME Services sector with an aggregate issue size of ₹9.57 Crores. The shares are offered at a price band of ₹36 to ₹36 per equity share on NSE. Currently, traders and retail applicants are calculating expected listing gains and break-even points based on unofficial grey market quotations.
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 3000 shares (approx. ₹1,08,000 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Allotment reconciliation will be managed by Cameo Corporate Services Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2024-01-03, while un-allotted funds or UPI block mandates will be released on 2024-01-02.
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.