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HRH Next Services Ltd IPO Synopsis

An Initial Public Offering is an opportunity for investors to take part in the growth of a company. It is always better to be in the first batch of investors. The shares offered by the company get listed on the stock exchanges and can be bought and sold by investors.

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HRH Next Services Ltd IPO

Registered Office: # 4-1-976 Abid Road, , Hyderabad - 500001 , Telangana , India.
Phone : +91 95536 04777   Fax:
Email :  cs@hrhnext.com  
Website :  www.hrhnext.com
Initial public offer of 26,58,000 equity shares of face value of (Rs)10/- each ("Equity Shares") of HRH Next Services Limited (the "Company" or the "Issuer") for cash at a price of (Rs)36/- per equity share, including a share premium of (Rs)26/- per equity share (the "Issue Price"), aggregating to (Rs)9.57 crores ("The Issue"), of which 1,35,000 equity shares of face value of (Rs)10/- each for cash at a price of (Rs)36/- per equity share, aggregating to (Rs)0.49 crores will be reserved for subscriptions by the market maker to the issue (the "Market Maker Reservation Portion"). The issue less market maker reservation portion i.e. issue of 25,23,000 equity shares of face value of (Rs)10/- each for cash at a price of (Rs)36/- per equity share, aggregating to (Rs)9.08 crores is here in after referred to as the "Net Issue". The issue and the net issue will constitute 28.87% and 27.41% respectively of the post issue paidup equity share capital of the company. The face value of the equity share is (Rs)10/- each and the issue price is (Rs)36/- each i.e., 3.6 times of the face value of the equity shares. The minimum lot size is 3,000 equity shares.

Issue Money Payable On
Opens On Closes On Application Allotment
27-Dec-23 29-Dec-23 (Rs)36.00-0.00 (Rs)0.00-0.00
Minimum Application for shares in Nos :3000  Further Multiples of :3000

  (Rs Cr) Lead Managers to the Issue
Project Cost 8.07
Finshore Management Services Ltd
Project Financed through Current Offer 9.57  
Post Issue Equity Share Capital 9.21  
Issue Price (Rs)36.00  
 
Projects
Expansion of its services by lanunching 2 call centresWorking capital requirements
Capital expenditure towards purchase of computer systemsGeneral corporate expenses
Promoted By
Ankit Sanjay Shah  
Parikshit Pankaj Shah  
Tara Sanjay Shah  
Listing At
NSE - SME 
Registrar to the Issue
Cameo Corporate Services Ltd