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News Details

22/12/2023 11:32

HRH Next Services announces launch of initial public offering

HRH Next Services Ltd. has announced public offering of 2658000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 26.00 per share. The gross proceeds of the issue are expected to be Rs 956.88 lakhs.

The company's initial public offer (IPO) will open on 27 December 2023 and is expected to close on 29 December 2023, subject to customary closing conditions.

The IPO includes a fresh Issue of 2658000 Equity Shares of the Company at an price of Rs 36.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 3000 shares with bids in multiples of 3000.

HRH Next Services Ltd. anticipates using the proceeds of the issue for .

Finshore Management Services Ltd. as lead manager & CAMEO CORPORATE SERVICES LTD is the registrar, to the issue.