PAN HR Solutions IPO
GMP, Subscription, Price, Dates & Financial Details
Professional Services
Incorporated in 2015, PAN HR Solutions is a comprehensive human resource services provider offering end-to-end manpower and workforce management solutions. The company operates on a B2B business model and caters to clients across multiple industries.PAN HR Solutions specializes in providing…
Open Date
Fri, 06 Feb 2026
Close Date
Tue, 10 Feb 2026
Price Band
₹ 74 – 78
Lot Size
1600
Issue Size
₹ 17.00 Cr
Minimum Investment
₹ 249,600 (3200 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
PAN HR Solutions IPO has successfully completed its IPO process and is now listed on BSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹17.00 Crore, comprising a fresh issue of 14.21 Lakh equity shares aggregating to ₹11.00 Crore and an offer for sale (OFS) of 3.84 Lakh equity shares aggregating to ₹3.00 Crore by the existing shareholders.
The PAN HR Solutions IPO remained open for subscription from February 06, 2026, to February 10, 2026. The basis of allotment was finalized on February 11, 2026, and the company's shares were listed on BSE SME Platform on February 13, 2026.
The company had fixed the price band at ₹74 to ₹78 per share, with a lot size of 1600 shares. Retail investors were required to make a minimum investment of ₹249,600 (based on the upper price band) to apply for one lot.
Maashitla Securities Pvt. Limited served as the registrar to the issue. MARWADI CHANDARANA INTERMEDIARIES BROKERS PRIVATE LIMITED acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, PAN HR Solutions Limited is now a publicly listed company on BSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
PAN HR Solutions IPO Timeline (Tentative)
- IPO Open Date
- Fri, 06 Feb 26
- IPO Close Date
- Tue, 10 Feb 26
- Basis of Allotment
- Wed, 11 Feb 26
- Initiation of Refunds
- Thu, 12 Feb 26
- Credit of Shares to Demat
- Thu, 12 Feb 26
- Listing Date
- Fri, 13 Feb 26 — NSE & BSE
Open Date
06 February 2026
Close Date
10 February 2026
Basis Of Allotment
11 February 2026
Listing Date
13 February 2026
IPO Subscription
Check Live Subscription →The PAN HR Solutions IPO has received bids for 6,400 shares against 12,67,200 shares offered, resulting in an overall subscription of 0.01x. the NII category is subscribed 26.83x, Retail Investors 9.4x, and QIBs 6.57x.
QIB
6.57x
NII
26.83x
RII
9.4x
Total
0.01x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 6,33,600 shares, representing 50% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 3,60,000 shares (28.41%), while Non-Institutional Investors (NIIs) receive 2,73,600 shares (21.59%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Qualified Institutions | 360,000 | 28.41% |
| Non-Institutional | 273,600 | 21.59% |
| BNII | 182,400 | 14.39% |
| SNII | 91,200 | 7.2% |
| Retail Investors | 633,600 | 50% |
| Total | 1,267,200 | 100% |
Financials Details(₹ in Crores)
| Particular | 30 Nov 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 43.72 | 36.06 | 42.31 | 37.07 |
| Revenue | 154.23 | 283.69 | 281.92 | 256.36 |
| Profit After Tax | 5.13 | 5.02 | 4.2 | 3.88 |
| Net Worth | 23.39 | 18.26 | 14.04 | 12.14 |
| Reserve & Surplus | 17.98 | 18.24 | 14.02 | 12.12 |
| Total Borrowings | 0.08 | 0 | 0.03 | 0.6 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
PAN HR Solutions Limited KPI Information
| Particular | Nov 2025 | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|---|
| ROE % | 24.64 | 31.05 | 32.12 | 45.73 |
| ROCE % | 26.76 | 38.3 | 40.35 | 42.51 |
| RoNW % | 21.94 | 27.47 | 29.94 | 31.99 |
| Pat Margin % | 3.33 | 1.77 | 1.5 | 1.52 |
Peers Comparison
| Company | Face Value | PE Ratio | EPS Basic | EPS Diluted | RoNW | Net Assets |
|---|---|---|---|---|---|---|
| PAN HR Solution Ltd | 10 | 0.00 | 10.17 | 10.17 | 27.47 | 37.01 |
| Itcons ESolutions Ltd | 10 | 63.20 | 6.43 | 3.17 | 8.76 | 73.80 |
| Happy Square Outsourcin g Services Ltd | 10 | 8.27 | 7.07 | 7.07 | 47.64 | 14.84 |
| Spectrum Talent Manageme nt Ltd | 10 | 24.39 | 3.13 | 2.94 | 4.72 | 66.38 |
About PAN HR Solutions Limited
Incorporated in 2015, PAN HR Solutions is a comprehensive human resource services provider offering end-to-end manpower and workforce management solutions. The company operates on a B2B business model and caters to clients across multiple industries.
PAN HR Solutions specializes in providing manpower solutions for a wide spectrum of roles, ranging from unskilled and semi-skilled to skilled blue-collar personnel. As a one-stop service provider, the company integrates recruitment, staffing, payroll, compliance, and facility management services to meet diverse client requirements.
Service Offerings
- Manpower Services: Recruitment and deployment of personnel across various industries and job functions.
- Payroll Services: End-to-end payroll management in compliance with statutory regulations, including Employees’ Provident Fund (EPF), Employees’ State Insurance (ESIC), Professional Tax, and other applicable labor laws.
- Facility Management Services: Provision of housekeeping staff, pantry staff, office assistants, and other support personnel for client facilities.
- Staffing Solutions: Flexible staffing services for multiple roles, including delivery and logistics personnel.
- Compliance Audit Services: Independent compliance audits to ensure adherence to labor laws, statutory requirements, and proper maintenance of records.
As of November 30, the company employed 10,374 personnel deployed across various client locations, reflecting its operational scale and workforce management capabilities.
PAN HR Solutions IPO Promoters
- Rajeev Kumar
- Rajni Kumari
Promoters Holding
Holding Pre Issue
90.92%
Holding Post Issue
0.00%
PAN HR Solutions IPO Objective
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects.
- Funding working capital requirements of our Company
- Pre-payment or repayment of certain outstanding borrowings availed by Company
- General Corporate Purposes
PAN HR Solutions Limited Address / Contact Details
PAN HR Solutions Limited
A - 42/03, Second floor, Sector-62,
Gautam Buddha Nagar
Noida, Uttar Pradesh, 201301
Email:cscompliance@panhr.in
Tel: +91 74288 52201
Website:http://www.panhr.in/
IPO Snapshot
PAN HR Solutions IPO Lot Size
The PAN HR Solutions IPO has a lot size of 1,600 shares. Retail investors require a minimum investment of ₹2,49,600 by applying for 2 lot (3,200 shares). The maximum application allowed for the retail category is 2 lots (3,200 shares), requiring an investment of ₹2,49,600.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 3,200 | 249,600.00 |
| Retail (Max) | 2 | 3,200 | 249,600.00 |
| S-HNI (Min) | 3 | 4,800 | 374,400.00 |
| S-HNI (Max) | 8 | 12,800 | 998,400.00 |
| B-HNI (Min) | 9 | 14,400 | 1,123,200.00 |
Issue Reservation
- QIB — 28.41%
- NII — 21.59%
- RII — 50%
Book Running Lead Managers
- MARWADI CHANDARANA INTERMEDIARIES BROKERS PRIVATE LIMITED
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the PAN HR Solutions IPO?
PAN HR Solutions IPO is a Book-building IPO with a total issue size of ₹17 crore. The PAN HR Solutions IPO price band is ₹74 to 78 per share. The PAN HR Solutions IPO subscription opens on Fri, Feb 6, 2026, and closes on Tue, Feb 10, 2026. The PAN HR Solutions IPO will be listed on the BSE. Maashitla Securities Pvt. Limited is the registrar for the PAN HR Solutions IPO.
When will the PAN HR Solutions IPO open for subscription?
The PAN HR Solutions IPO opens on Fri, Feb 6, 2026 and closes on Tue, Feb 10, 2026
What is PAN HR Solutions IPO Price Band?
PAN HR Solutions IPO Price Band is ₹74 to 78 per share.
What is PAN HR Solutions IPO Lot Size?
PAN HR Solutions IPO lot size is 1600 shares, Retail investors need a minimum investment of ₹249600 based on the upper price band
What is the minimum investment for PAN HR Solutions IPO?
The minimum investment for PAN HR Solutions IPO is ₹249600, based on one lot of 1600 shares at the upper price band of ₹78 per share.
How to apply for PAN HR Solutions IPO?
Investors can apply for the PAN HR Solutions IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Tue, Feb 10, 2026. The application amount remains blocked until the PAN HR Solutions IPO allotment is finalized.
What is PAN HR Solutions IPO Issue Size?
PAN HR Solutions IPO issue size is ₹17 crores.
What is the PAN HR Solutions IPO Allotment Date?
PAN HR Solutions IPO allotment date is Wed, Feb 11, 2026.
Who is the PAN HR Solutions IPO Registrar?
The registrar for PAN HR Solutions IPO is Maashitla Securities Pvt. Limited. Investors can go to Maashitla Securities Pvt. Limited website to check PAN HR Solutions IPO allotment status, refund processing, and other IPO-related information.
Who is the PAN HR Solutions IPO Lead Manager?
The book-running lead managers (BRLMs) for the PAN HR Solutions IPO are MARWADI CHANDARANA INTERMEDIARIES BROKERS PRIVATE LIMITED. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the PAN HR Solutions IPO Red Herring Prospectus (RHP).