PAN HR Solution Limited IPO
Pan HR Solutions operates on a business-to-business (B2B) model, providing comprehensive manpower and workforce management solutions across India. The Company caters to a wide spectrum of roles, ranging from unskilled to skilled blue-collar workers, and serves clients across sectors such as e-commerce, logistics, manufacturing, information technology and allied industries. Its service portfolio includes manpower services, payroll management, staffing solutions, facility management, compliance audits and e-commerce logistics support. Through its customized and scalable solutions, the Company enables clients to streamline hiring processes, reduce administrative burdens and ensure access to suitable talent. As part of its facility management offerings, it deploys personnel such as housekeeping staff, pantry staff, office assistants and other support roles. Pan HR Solutions operates under a “Collect and Pay” model, wherein it invoices clients for services rendered and subsequently disburses payments to deployed employees.
Price Band₹74 - ₹78 |
Dates06 Feb - 10 Feb |
GMP₹0 (0.00%) |
Subscriptions9.51 times |
Issue Size₹17.04 Crs |
PAN HR Solution IPO Key Dates
Opening Date
06 Feb 26
Closing Date
10 Feb 26
Basis Of Allotment
11 Feb 26
Initiations Of Refund
12 Feb 26
Credit Of Shares
12 Feb 26
Listing Date
13 Feb 26
PAN HR Solution IPO Objects
- Funding for Working Capital Requirements
- General Corporate Purpose
PAN HR Solution IPO Details
Price Band₹74 - ₹78 |
Listing AtBSE SME |
IPO Issue Type100% Book Built Offer |
Fresh Issue₹14.04 Cr (0.18 Cr Shares) |
Offer For Sale₹3.00 Cr (0.04 Cr Shares) |
Total Issue₹17.04 Cr (0.22 Cr Shares) |
Face Value₹10 per equity share |
PAN HR Solution IPO Lot Information
| Investor Category | Lot | Shares | Amount | |
|---|---|---|---|---|
| Individual Investor |
Minimum
2
3,200
2,49,600
Maximum
2
3,200
2,49,600
|
|||
| Small HNI |
Minimum
3
4,800
3,74,400
Maximum
8
12,800
9,98,400
|
|||
| Big HNI |
Minimum
9
14,400
11,23,200
|
|||
PAN HR Solution IPO Subscription
Updated as on 10 Feb 2026 | 06:59:02 PM
| Investor Category | Subscription (times) | Shares Offered | Shared Bid |
|---|---|---|---|
| QIB | 6.57 | 3,60,000 | 23,64,800 |
| NII | 11.25 | 2,73,600 | 73,40,800 |
| bNII (bids above ₹10L) | 33.73 | 1,82,400 | 61,52,000 |
| sNII (bids between ₹2L to ₹10L) | 13.04 | 91,200 | 11,88,800 |
| Retail | 9.40 | 6,33,600 | 59,55,200 |
| Total | 9.51 | 16,46,400 | 1,56,60,800 |
PAN HR Solution IPO GMP
The estimated Grey Market Premium of PAN HR Solution IPO is ₹0 per share (0.00%)
Category Allocation
| Particulars | Allocation |
|---|---|
| QIB | Not more than 50% of Net Offer |
| NII | Not less than 15% of Net Offer |
| Retail | Not less than 35% of Net Offer |
| Market Maker | 3,79,200 Eq. Shares |
PAN HR Solution IPO Financials
| Particulars | Nov-25 | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|---|
| Revenue | 153.99 | 283.19 | 281.08 | 256.10 |
| PAT | 5.13 | 5.02 | 4.20 | 3.88 |
| Net Worth | 23.39 | 18.26 | 14.04 | 12.14 |
| Borrowings | 0.08 | - | 0.03 | 0.60 |
| Assets | 43.72 | 36.06 | 42.31 | 37.07 |
| NAV (₹) | 43.23 | 37.01 | 28.55 | 24.68 |
| EPS (₹) | 9.48 | 10.17 | 8.55 | 7.89 |
The financial information presented is on a consolidated basis.
Key Performance Indicators
| KPI | VALUES |
|---|---|
| EBITDA | 2.42% |
| PAT | 1.77% |
| ROE | 31.05% |
| ROCE | 38.30% |
| PE Ratio | 7.67 |
| PB Ratio | 2.11 |
| Mkt Cap (in Crs.) | 56.25 |
- All the data pertains to FY 2024-25.
- PE, PB, and market capitalization are calculated based on the Upper Price Band.
PAN HR Solution IPO Peer Comparision
| Particulars | PAN HR | Itcons E | Happy Square | Spectrum Talent |
|---|---|---|---|---|
| Revenue | 283.19 | 5.98 | 97.41 | 1,270.14 |
| PAT | 5.02 | 3.25 | 5.94 | 7.24 |
| EPS (₹) | 10.17 | 6.43 | 7.07 | 3.13 |
| NAV (₹) | 37.01 | 73.80 | 14.84 | 66.38 |
| RONW | 27.47% | 8.76% | 47.64% | 4.72% |
| EBITDA | 2.42% | 9.36% | 9.84% | 0.90% |
| PAT Mrgn | 1.77% | 5.69% | 6.10% | 0.60% |
| PE Ratio | 7.67 | 63.20 | 8.27 | 24.39 |
All information pertains to FY 2024-25. PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of 31st March, 2025 for Peers
PAN HR Solution IPO Peer Comparision
| Particulars | PAN HR |
|---|---|
| Revenue | 283.19 |
| PAT | 5.02 |
| EPS (₹) | 10.17 |
| NAV (₹) | 37.01 |
| RONW | 27.47% |
| EBITDA | 2.42% |
| PAT Mrgn | 1.77% |
| PE Ratio | 7.67 |
| Itcons E | Happy Square | Spectrum Talent |
|---|---|---|
| 5.98 | 97.41 | 1,270.14 |
| 3.25 | 5.94 | 7.24 |
| 6.43 | 7.07 | 3.13 |
| 73.80 | 14.84 | 66.38 |
| 8.76% | 47.64% | 4.72% |
| 9.36% | 9.84% | 0.90% |
| 5.69% | 6.10% | 0.60% |
| 63.20 | 8.27 | 24.39 |
All information pertains to FY 2024-25. PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of 31st March, 2025 for Peers
Promoter Details
| Name | Shareholding |
|---|---|
| Rajeev Kumar | 49.63% |
| Rajni Kumari | 40.82% |
| Others | 0.46% |
| Total | 90.91% |
Management Details
| Name | Designation |
|---|---|
| Rajeev Kumar | Chairman & MD |
| Deepak Kumar | CFO |
Company Details
Name: Pan Hr Solution Limited
Address: A - 42/03, Second floor, Sector – 62, Gautam Buddha Nagar, Noida – 201301, Uttar Pradesh, India.
Number: 91 74288 52201
Email: cscompliance@panhr.in
Website: https://www.panhr.in
Book Running Lead Managers (BRLMs)
RTAs
Maashitla Securities
Visit WebsiteFrequently Asked questions?
Find answers to common questions that come in your mind related to IPO.
PAN HR Solution IPO is a SME IPO having an issue size of Rs. ₹17.04 Crs. PAN HR Solution IPO is priced at ₹74 - ₹78 per share. The issue opens on 06 Feb 26 and closes on 10 Feb 26.
PAN HR Solution IPO opens on 06 Feb 26 and closes on 10 Feb 26.
The estimated Grey Market Premium of PAN HR Solution IPO is ₹0 per share (0.00%).
The minimum lot size of PAN HR Solution IPO is 1600 shares & the minimum application amount is Rs. 124800.
The allotment date of PAN HR Solution IPO is 11 Feb 26.
The listing date of PAN HR Solution IPO is 13 Feb 26.
PAN HR Solution IPO is subscribed 9.51 times.
PAN HR Solution IPO is priced at ₹74 - ₹78 per share.
Click the allotment link on PAN HR Solution IPO page of IPO360.
- Go to Kite App → Tap on Bids → Tap on IPO
- Select the IPO → Tap on apply → Enter UPI ID
- Enter Qty and Price
- Submit the application
- Approve the UPI Mandate on your UPI app
- Go to Groww App → Stocks Section → Select IPO option
- Select the IPO you want to apply
- Enter your bid details and price
- Enter UPI ID & submit
- Approve the UPI Mandate on your UPI app
- Log in to your bank's net banking portal.
- Navigate to the 'IPO' or 'ASBA' section.
- Select PAN HR Solution IPO from the list of available IPOs.
- Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
- Submit the application.
- Money will remain blocked till the refund date
We are a one-stop destination for all your IPO needs. Get reliable, accurate, and timely information for all the IPOs in India!