PAN HR Solutions IPO
PAN HR Solutions IPO
Overview
PAN HR Solutions IPO is a book build issue of ₹17.04 crores. The issue is a combination of fresh issue of 0.18 crore shares aggregating to ₹14.04 crores and offer for sale of 0.04 crore shares aggregating to ₹3.00 crores. PAN HR Solutions IPO opens for subscription on Feb 6, 2026 and closes on Feb 10, 2026. The allotment for the PAN HR Solutions IPO is expected to be finalized on Feb 11, 2026. PAN HR Solutions IPO will list on BSE SME with a tentative listing date fixed as Feb 13, 2026. PAN HR Solutions IPO price band is set at ₹74 to ₹78 per share. The lot size for an application is 1,600. The minimum amount of investment required by an individual investor (retail) is ₹2,49,600 (3,200 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (4,800 shares), amounting to ₹3,74,400. Marwadi Chandarana Intermediaries Brokers Pvt.Ltd. is the book running lead manager and Maashitla Securities Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Giriraj Stock Broking Pvt.Ltd..
Total Shares
21,84,000
Issue Size
₹17 Cr
Price Band
₹74 – ₹78
Lot Size
1600 shares
Min. Investment
₹2,49,600
Max. Investment
₹2,49,600
Open Date
06 Feb, 2026
Close Date
10 Feb, 2026
Allotment
11 Feb, 2026
Listing
13 Feb, 2026
Max. Investment
₹2,49,600
Announced
06 Feb, 2026
Opening Date
06 Feb, 2026
Closing Date
10 Feb, 2026
Basis of Allotment
11 Feb, 2026
Initiation of Refunds
12 Feb, 2026
Credit of Shares
12 Feb, 2026
Listing Date
13 Feb, 2026
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About PAN HR Solutions IPO
Incorporated in 2015, PAN HR Solutions offers human resource, staffing, payroll, facility management, compliance audits, and e-commerce logistics services.
The company operates on a B2B model and provides comprehensive manpower solutions, catering to a range of roles from unskilled to skilled blue-collar workers.
The company offer an end-to-end HR solution including recruitment, payroll management, compliance auditing, facility management, staffing solutions as a one-sto
PAN HR Solutions IPO Share Price
Issue Breakdown
Shareholding
Dilution: 33.3% increase in shares
PAN HR Solutions IPO Financial Health
PAN HR Solutions IPO Lot Size
Investors can bid for a minimum of 3,200 shares and in multiples of 1,600 shares thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 3200 | ₹2,49,600 |
| Individual investors (Retail) (Max) | 2 | 3200 | ₹2,49,600 |
| S-HNI (Min) | 3 | 4800 | ₹3,74,400 |
| S-HNI (Max) | 8 | 12800 | ₹9,98,400 |
| B-HNI (Min) | 9 | 14400 | ₹11,23,200 |
(All values in CR)
PAN HR Solutions IPO Valuations
| Metric | Value |
|---|---|
| ROE | 24.64 |
| ROCE | 26.76 |
| RoNW | 21.94 |
| PAT Margin | 3.33 |
| EBITDA Margin | 4.12 |
| Price to Book Value | 2.11 |
(All values in CR)
PAN HR Solutions IPO Strength & Risk
PAN HR Solutions IPO — Strengths
Established presence in HR, staffing, payroll, and compliance services
Diversified client industries such as e-commerce, logistics, manufacturing, and IT
Asset-light and scalable operating model
Track record of revenue and profit growth
Experienced promoters and management team
Potentially reasonable valuation versus some peers
Benefits from growing demand for organized HR outsourcing in India
PAN HR Solutions IPO — Risks
High dependence on a limited set of clients
Significant exposure to the e-commerce segment
Highly competitive and fragmented industry
Working-capital-intensive operations with cash-flow sensitivity
Exposure to labor law and regulatory compliance requirements
SME listing may mean lower liquidity and higher volatility
Geographic concentration of operations in limited regions
PAN HR Solutions IPO Subscriptions Status
PAN HR Solutions IPO subscribed 1.81 times. The public issue subscribed 1.08 times in the individual investors category, 3.52 times in QIB (Ex Anchor), and 1.27 times in the NII category by February 10, 2026 10:50:01 AM (Day 3).
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Rs Cr.) |
|---|---|---|---|---|
| Anchor | 1.00 | 5,37,600 | 5,37,600 | 4.193 |
| Market Maker | 1.00 | 3,79,200 | 3,79,200 | 2.958 |
| QIB (Ex Anchor) | 3.52 | 3,60,000 | 12,67,200 | 9.884 |
| NII | 1.27 | 2,73,600 | 3,47,200 | 2.708 |
| bNII (> ₹10L) | 2.13 | 1,55,400 | 3,31,200 | 2.583 |
| sNII (< ₹10L) | 0.18 | 91,200 | 16,000 | 0.125 |
| Individual Investors | 1.08 | 6,33,600 | 6,84,800 | 5.341 |
| Total | 1.81 | 12,67,200 | 22,99,200 | 17.934 |
PAN HR Solutions IPO GMP
PAN HR Solutions was listed on the stock exchange on 2019-10-14 00:00:00. The IPO was subscribed 11.85x. The last GMP for PAN HR Solutions IPO was ₹0, updated on Feb 13th 2026 05:55 AM. As per the last GMP, the expected profit/loss for the IPO was 0.00%.
Last updated 13 Feb, 2026 · Source: aggregated grey-market dealers
| Date | IPO Price | GMP | Sub2 Sauda | Est. Listing | Est. Profit | Updated |
|---|---|---|---|---|---|---|
| 13 Feb, 2026 | 78 | ₹0 | - | - | - | 13 Feb, 2026 |
| 12 Feb, 2026 | 78 | ₹0 | - | - | - | 12 Feb, 2026 |
| 11 Feb, 2026 | 78 | ₹0 | - | - | - | 11 Feb, 2026 |
| 10 Feb, 2026 | 78 | ₹0 | - | ₹78 (0.00%) | - | 10 Feb, 2026 |
| 09 Feb, 2026 | 78 | ₹0 | - | ₹78 (0.00%) | - | 09 Feb, 2026 |
| 08 Feb, 2026 | 78 | ₹0 | - | ₹78 (0.00%) | - | 08 Feb, 2026 |
| 07 Feb, 2026 | 78 | ₹0 | - | ₹78 (0.00%) | - | 07 Feb, 2026 |
| 06 Feb, 2026 | 78 | ₹0 | - | ₹78 (0.00%) | - | 06 Feb, 2026 |
| 05 Feb, 2026 | 78 | ₹0 | - | ₹78 (0.00%) | - | 05 Feb, 2026 |
| 04 Feb, 2026 | 78 | ₹0 | - | ₹78 (0.00%) | - | 04 Feb, 2026 |
| 03 Feb, 2026 | 78 | ₹0 | - | ₹78 (0.00%) | - | 03 Feb, 2026 |
Disclaimer: GMP is an unofficial signal from grey-market dealers and is not regulated by SEBI. Use it alongside subscription data and other research for informed decision-making.
How to Apply for PAN HR Solutions IPO
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Go to IPO Section
Find PAN HR Solutions IPO under the IPO section. Select it and enter your bid details — choose lot size and price (cut-off price recommended).
Enter UPI ID and Submit
Provide your UPI ID linked to your bank account and submit the application.
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Open your UPI app (Google Pay, PhonePe, Paytm, BHIM) and approve the IPO payment request.
Application Confirmed
Your funds will be blocked in your account until the IPO allotment process is completed.