HRH Next Services IPO: The allotment of HRH Next Services Ltd’s shares will be finalised on Monday. Investors can check the allotment status on the registrar’s portal, which is Cameo Corporate Services Limited.
HRH Next Services IPO, which was opened for public subscription between December 27 and December 29, received a whopping 66.29 times subscription. Once the allotment is finalised, the IPO will be listed on January 3 on the NSE SME.
HRH Next Services IPO GMP Today
According to market observers, unlisted shares of HRH Next Services Ltd are currently trading Rs 9 higher in the grey market as compared with its issue price. The Rs 9 grey market premium or GMP means the grey market is expecting a 25 per cent listing gain from the public issue. The GMP is based on market sentiments and keeps changing.
‘Grey market premium’ indicates investors’ readiness to pay more than the issue price.
HRH Next Services IPO Details
The issue is entirely a fresh issue of 26.58 lakh shares. HRH Next Services IPO price is Rs 36 per share. For investors, the minimum lot size is 3,000 shares. The minimum amount of investment required by retail investors is Rs 1,08,000.
Finshore Management Services Limited is the book-running lead manager of the HRH Next Services IPO, while Cameo Corporate Services Limited is the registrar for the issue. The market maker for HRH Next Services IPO is Nikunj Stock Brokers.
HRH Next Services Limited, which was incorporated in February 2007, is a business process outsourcing service provider offering services such as chat support, backend support, voice support and email support.
Its profit after tax during the financial year 2022-23 stood at Rs 3.47 crore, while its revenue was at Rs 51.24 crore.
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