Business Standard

HRH Next Services Ltd - IPO

Issue Type

Fixed Price - SME

Issue Size (₹ Cr.)

9.57 cr

Price Range (₹)

36

Lot Size

3000

Min Investment (₹)

1,08,000.00

Listing Exchange

NSE - SME

Open Date

27-Dec-2023

Close Date

29-Dec-2023

Listing Date

03-Jan-2024

HRH Next Services Ltd News

    The Shares of HRH Next Services Ltd have now been listed.

    HRH Next Services Ltd IPO Details

    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.

    Objective of issue

    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 Contact Details

    HRH Next Services Ltd, Subramanian Building, 1ST Floor No 1, Club House Road, Chennai - 600002

    Phone - 91-44-28462700

    Fax - 91-44-28460129

    Email - cs@hrhnext.com

    Website - www.hrhnext.com