HRH Next Services Limited IPO
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1. Company Focus:
- Industry: HRH Next Services Limited operates in the Business Process Outsourcing (BPO) industry.
- Services Offered: Provides a comprehensive suite of Call Centre Services, covering Inbound Services, Outbound Services, Backend Support, Chat Support, and Email Support.
2. Company History:
- Incorporation: Originally incorporated as “HRH Next Services Private Limited” on February 2, 2007, under the Companies Act, 1956 in Andhra Pradesh.
- Conversion: Later converted into a Public Limited Company and changed its name to “HRH Next Services Limited” on August 25, 2023.
3. Growth and Commitment:
- Exponential Growth: Since its inception in 2007, HRH Next has experienced exponential growth in the domestic contact center services sector.
- Clientele Focus: Committed to fulfilling client requirements in various sectors, including Telecom, Foodtech, Autotech, E-Commerce, Fintech, Education, Healthcare, Government, and Banking.
4. Leadership:
- Promoter and Managing Director: Mr. Ankit Shah, with 22 years of experience in the BPO industry, plays a pivotal role in the company’s growth. He provides active advice on finance, corporate strategy, and planning.
5. Service Offerings:
- Call Centre Services: Provides a range of services under Voice Support Services, Inbound and Outbound Voice Processes, Backend Support, Chat Support, and Email Support.
- Customization: Specializes in offering end-to-end solutions tailored to meet specific business needs, helping clients achieve their objectives.
6. Voice Support Services:
- Inbound Voice Process: Manages incoming customer calls, addressing various issues, and initiating formal complaint procedures if required.
- Outbound Voice Process: Involves initiating calls to customers, focusing on Outbound Sales (lead generation, up-selling, cross-selling, promotional offers, product launch campaigns) and Outbound Services (customer service follow-up, welcome calls, renewal reminders, orders and billing information, problem resolution, and escalations).
- Support Services: Provides additional services such as Premium Vernacular Services, Predictive Analytics, and Speech Analytics.
7. Backend Support:
- Infrastructure: Commits to exceptional service by handling vital backend processes, including portal changes, executive profile updates, KYC document processing, and scanned image uploads.
8. Chat and Email Support:
- Chat Support: Ensures excellence in live chat support, offering assistance and support in real-time communication with customers on various inquiries.
- Email Support: Prioritizes responsive and efficient customer service through email support, addressing inquiries promptly and providing detailed responses.
9. Call Centre Process Flow:
- Process Design: Collaborates closely with clients to design optimal processes covering both inbound and outbound calling, creating SOP notes, defining process flows, ensuring data movement, and setting SLAs.
- People Power: Employs a team of handpicked Call Centre Associates who undergo rigorous training, certification, ongoing coaching, and supervision to consistently meet SLAs and output targets.
- Cutting-Edge Technology: Utilizes high-quality dialer software, CRM solutions, and cutting-edge technology to enhance calling modes, speed, and accuracy.
- Exceptional Infrastructure: Invests in infrastructure that prioritizes employee comfort and uninterrupted service, ensuring a comfortable working environment, zero downtime, and business continuity.
Objects of the HRH Next Services Limited IPO:
The Objects of the Issue are:
i. Expansion of the Services by launching 2 (two) Call Centres
ii. Capital Expenditure towards purchase of Computer Systems
iii. To meet the working capital requirements
iv. To meet the Issue Expenses
v. General Corporate Purposes
HRH Next Services Limited IPO Details:
Open Date: | Dec 27 2023 |
Close Date: | Dec 29 2023 |
Total Shares: | 2,658,000 |
Face Value: | ₹ 10 Per Equity Share |
Issue Type: | Fixed Price Issue IPO |
Issue Size: | 9.57 Cr. |
Lot Size: | 3000 Shares |
Issue Price: | ₹ 36 Per Equity Share |
Listing At: | NSE Emerge |
Listing Date: | Jan 03 2024 |
Financials of HRH Next Services Limited IPO:
Particulars ( In Crore ) |
2021 |
2022 |
2023 |
6M-FY24 |
Revenue from Operations | 24 | 44 | 51 | 21 |
Other Income | 0.1 | 0.1 | 0.1 | 0.1 |
Total Revenue | 24 | 44 | 51 | 22 |
Employee benefits expenses | 16 | 29 | 30 | 11 |
Other Expenses | 6 | 13 | 14 | 6 |
EBITDA | 2 | 3 | 7 | 4 |
Depreciation & Amortisation | 0.8 | 1 | 2 | 1 |
Finance Cost | 0.4 | 0.5 | 0.9 | 0.8 |
EBIT | 1 | 2 | 6 | 3 |
OPM (%) | 8.25% | 6.78% | 13.66% | 18.59% |
PBT | 0.4 | 1 | 5 | 2 |
Tax | 0.1 | 0.5 | 1 | 0.5 |
PAT | 0.3 | 0.9 | 3 | 1.5 |
NPM (%) | 1.03% | 2.10% | 6.77% | 6.97% |
No.of Shares | 0.92 | 0.92 | 0.92 | 0.92 |
EPS | 0.27 | 1.01 | 3.77 | 1.63 |
Comparison With Peers:
Name of the Company | Revenue (In Crore) | PAT (In Crore) | EPS ( in Rs) | P/E | CMP | Mcap (In Crore) |
HRH Next Services Limited | 51 | 3 | 3.77 | 9.5 | 36 | 33 |
Platinumone Business Services Limited | 26 | 2 | 14.53 | 12.8 | 177 | 28 |
Kandarp Digi Smart BPO Limited | 16 | 1 | 1.14 | 13.5 | 16.1 | 14 |
We Win Limited | 49 | 2 | 2.36 | 44.3 | 84.6 | 86 |
Lead Manager of HRH Next Services Limited IPO:
Registrar of HRH Next Services Limited IPO:
Company Address:
HRH Next Services Limited
4-1-976,
Abid Road,
Hyderabad – 500001
Phone: +91 95536 04777
Email: cs@hrhnext.com
Website: http://www.hrhnext.com/
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