What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

What is the estimated listing price for HRH Next Services Limited IPO?

Based on the upper price band of ₹36 and current GMP of ₹5, the estimated listing price is ₹41 (approx. 13.9% gain).

What is the expected profit per lot for HRH Next Services Limited IPO?

With a lot size of 3000 shares and current GMP of ₹5, expected profit per retail application lot is approximately ₹15,000.

IPO GreyPremiumLIVE

Grey Market Intelligence

HRH Next Services Limited

ListedSME

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

₹5

+13.9%

Est. Listing

₹41

at current GMP

Subscribed

65.31x

overall

Open

27 Dec 2023

29 Dec 2023

Allotment

1 Jan 2024

Refund

2 Jan 2024

Demat Credit

3 Jan 2024

Listing

3 Jan 2024

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Live Grey Market Premium

HRH Next Services Limited GMP Today

Last updated: 19 Oct 2026

Current Premium

₹5+13.9%

Issue Price (Upper)

₹36

Band: ₹36

Estimated Listing Price

₹41

Upper price + GMP

Lot Size

3000 shares

Min investment ₹1,08,000

Estimated Profit / Lot

Date	GMP (₹)	GMP %	Est. Listing
31 Oct 2026	+₹5	13.9%	₹41
30 Oct 2026	+₹5	13.9%	₹41
29 Oct 2026	+₹5	12.5%	₹41

About HRH Next Services Limited Public Issue & Market Profile

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.

Public Issue & Pricing Context:

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.

Basis of Allotment & Listing Timeline:

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.

Frequently Asked Questions

What is HRH Next Services Limited IPO GMP today?

The latest grey market premium for HRH Next Services Limited IPO is ₹5, which indicates an expected listing price of ₹41.

What does Kostak Rate and Sauda mean in IPO GMP?

Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.

Is Grey Market Premium officially recognized?

No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.