PAN HR Solution Limited IPO

PAN HR Solution Limited IPO

SME BSE SME 100% Book Built Offer
Closed

Price Band

₹74 - ₹78

Total Issue

₹17.04 Cr

Bid Dates

06 Feb - 10 Feb

Subscription

9.51x

Est. GMP

₹0 (0.00%)

Website RHP Check Allotment

PAN HR Solution IPO Dates

Open
Close
Allotment
Refunds
Credit
Listing

Business Overview

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.

PAN HR Solution IPO Lot Size

Lot Information for PAN HR Solution IPO
Category Lots Shares Amount
Individual (Min) 2 3,200 ₹2,49,600
Individual (Max) 2 3,200 ₹2,49,600
S-HNI (Min) 3 4,800 ₹3,74,400
S-HNI (Max) 8 12,800 ₹9,98,400
B-HNI (Min) 9 14,400 ₹11,23,200
Market Maker
3,79,200 Eq. Shares
Employee
₹0.00
Shareholder
₹0.00

PAN HR Solution IPO Size

Total ₹17.04 Cr
Fresh Issue
₹14.04 Cr (0.18 Cr Shares)
Offer For Sale
₹3.00 Cr (0.04 Cr Shares)

Objects of the Issue

A1

₹B1 Cr

A2

₹B2 Cr

A3

₹B3 Cr

PAN HR Solution IPO Live Subscription

Updated as on 10 Feb 2026 | 06:59:02 PM

BSE SME Subscription Status for PAN HR Solution IPO
Category Sub (x) Offered Bids
QIB 6.57x 3,60,000 23,64,800
NII 25.44x 2,73,600 69,61,600
bHNI 31.65x 1,82,400 57,72,800
sHNI 13.04x 91,200 11,88,800
Individual Investor 9.40x 6,33,600 59,55,200
Total 12.06x 12,67,200 1,52,81,600

PAN HR Solution IPO GMP

GMP ₹0
Est. Price ₹78
Est. Gain 0.00%

Peer Comparison

(Rs. in crores)

PAN HR Solution IPO Peer Comparison Table
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

Financials

(Rs. in crores)

Financial Performance Metrics for PAN HR Solution IPO
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

KPIs

EBITDA

2.42%

PAT

1.77%

ROE

31.05%

ROCE

38.30%

  • All the data pertains to FY 2024-25.
  • PE, PB, and market capitalization are calculated based on the Upper Price Band.

Promoter Holding

Promoter

90.91%

Public

9.09%

Rajeev Kumar 49.63%
Rajni Kumari 40.82%
Others 0.46%

Management

Rajeev Kumar Chairman & MD
Deepak Kumar CFO

Registrar & Lead Managers

Lead Managers (1)

Frequently Asked Questions

What is PAN HR Solution IPO?
PAN HR Solution IPO is a SME IPO having an issue size of ₹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.
When will PAN HR Solution IPO open?
PAN HR Solution IPO opens on 06 Feb 26 and closes on 10 Feb 26.
What is the GMP of PAN HR Solution IPO?
The estimated Grey Market Premium of PAN HR Solution IPO is ₹0 per share (0.00%).
What is the lot size of PAN HR Solution IPO?
The minimum lot size of PAN HR Solution IPO is 1600 shares & the minimum application amount is Rs. 124800.
When is the allotment of PAN HR Solution IPO?
The allotment date of PAN HR Solution IPO is 11 Feb 26.
What is the listing date of PAN HR Solution IPO?
The listing date of PAN HR Solution IPO is 13 Feb 26.
What is the subscription of PAN HR Solution IPO?
PAN HR Solution IPO is subscribed 9.51 times.
What is the price band of PAN HR Solution IPO?
PAN HR Solution IPO is priced at ₹74 - ₹78 per share.
How to check allotment status of PAN HR Solution IPO?
Click the allotment link on PAN HR Solution IPO page of IPO360.
How to apply PAN HR Solution IPO in Zerodha?
  1. Go to Kite App → Tap on Bids → Tap on IPO
  2. Select the IPO → Tap on apply → Enter UPI ID
  3. Enter Qty and Price
  4. Submit the application
  5. Approve the UPI Mandate on your UPI app
How to apply PAN HR Solution IPO in Groww?
  1. Go to Groww App → Stocks Section → Select IPO option
  2. Select the IPO you want to apply
  3. Enter your bid details and price
  4. Enter UPI ID & submit
  5. Approve the UPI Mandate on your UPI app
How to apply PAN HR Solution IPO using ASBA?
  1. Log in to your bank's net banking portal.
  2. Navigate to the 'IPO' or 'ASBA' section.
  3. Select PAN HR Solution IPO from the list of available IPOs.
  4. Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
  5. Submit the application.
  6. Money will remain blocked till the refund date