PAN HR Solutions IPO: PAN HR Solutions IPO is a book-build issue, the total size of which has been set at ₹17.04 cr. The issue comprises 0.18 cr. fresh shares worth ₹14.04 cr. and an offer for sale (OFS) of 0.04 cr. shares worth ₹3.00 cr. Subscription for investment will start from February 6, 2026 and will be open till February 10, 2026. The shares allotment is estimated to be finalized on February 11, following which the company shares may be listed on the BSE SME platform on February 13, 2026.
PAN HR Solutions IPO Overview
The price band for this IPO has been fixed at ₹74 to ₹78 per share. The minimum lot size for retail investors is 1,600 shares, but for individual investors an investment of at least 3,200 shares (₹2,49,600) is required based on the upper price limit. At the same time, the minimum investment for HNI investors is 3 lots (4,800 shares), the total amount of which comes to ₹3,74,400. Marwari Chandrarana Intermediaries Brokers Pvt. Ltd. is the lead manager to the issue, while Mashitala Securities Pvt. Ltd. is acting as the registrar.
| Details | Descriptions |
|---|---|
| IPO Date | 6 to 10 Feb, 2026 |
| Listing Date | Fri, Feb 13, 2026 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹74 to ₹78 |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 21,84,000 shares (agg. up to ₹17 Cr) |
| Reserved for Market Maker | 3,79,200 shares (agg. up to ₹3 Cr) |
| Net Offered to Public | 14,20,800 shares (agg. up to ₹11 Cr) |
| Issue Type | Bookbuilding IPO |
| Offer for Sale | 3,84,000 shares of ₹10 (agg. up to ₹3 Cr) |
| Net Offered to Public | 18,04,800 shares (agg. up to ₹14 Cr) |
| Listing At | BSE SME |
| Share Holding Pre Issue | 54,11,058 shares |
| Share Holding Post Issue | 72,11,058 shares |
PAN HR Solutions IPO Schedule
The PAN HR Solutions IPO has opened for investment on February 6, 2026 and its closing date has been set as February 10, 2026. The allotment of shares of this IPO is expected to be confirmed on February 11. The shares will be credited to the demat accounts of successful investors on February 12, while its listing on the BSE SME platform is expected on February 13, 2026.
| Details | Description |
|---|---|
| IPO Open Date | Fri, Feb 6, 2026 |
| IPO Close Date | Tue, Feb 10, 2026 |
| Tentative Allotment | Wed, Feb 11, 2026 |
| Initiation of Refunds | Thu, Feb 12, 2026 |
| Credit of Shares to Demat | Thu, Feb 12, 2026 |
| Tentative Listing Date | Fri, Feb 13, 2026 |
PAN HR Solutions IPO Lot Size Details
Investors looking to participate in this IPO must follow to the defined lot sizes, with the minimum submission set at 3,200 shares (comprising 2 lots of 1,600 shares each). At the upper price band of ₹78, this requires a minimum investment of ₹2,49,600 for retail individuals. For High Net-Worth Individuals (HNI/NII), the entry point starts at 3 lots (4,800 shares), amounting to a total investment of ₹3,74,400.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 3,200 | ₹2,49,600 |
| Individual investors (Retail) (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) | 8 | 14,400 | ₹11,23,200 |
PAN HR Solutions IPO Allocation
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 3,79,200 (17.36%) |
| QIB Shares Offered | 8,97,600 (41.10%) |
| − Anchor Investor Shares Offered | 5,37,600 (24.62%) |
| − QIB (Ex. Anchor) Shares Offered | 3,60,000 (16.48%) |
| NII (HNI) Shares Offered | 2,73,600 (12.53%) |
| − bNII > ₹10L | 1,55,400 (7.12%) |
| − sNII < ₹10L | 91,200 (4.18%) |
| Retail Shares Offered | 6,33,600 (29.01%) |
| Total Shares Offered | 21,84,000 (100.00%) |
PAN HR Solutions IPO Anchor Investors
| Details | Promoter Holding (%) |
|---|---|
| Bid Date | Thu, Feb 5, 2026 |
| Shares Offered | 5,37,600 |
| Anchor Portion (₹ Cr.) | 4.19 |
| Anchor lock-in period end date for 50% shares (30 Days) | Fri, Mar 13, 2026 |
| Anchor lock-in period end date for remaining shares (90 Days) | Tue, May 12, 2026 |
Overview of PAN HR Solutions
Established in 2015, PAN HR Solutions Limited is a leading B2B service provider, providing comprehensive solutions to companies for their Human Resources (HR) and operational needs. The company specializes in recruitment and management of unexperienced to skilled blue-collar workers. As a one-stop provider, it provides services like recruitment, payroll management, and compliance audit and e-commerce logistics under one roof, making it easier for businesses to manage their manpower.
The company service portfolio covers many important sectors. Under their manpower and staffing services, personnel and delivery partners are recruited for various industries. Payroll services ensure full compliance with legal regulations like EPF, ESIC and Professional Tax. Additionally, the company also offers facility management through housekeeping, pantry and office assistants. Additionally, their independent compliance audits ensure that all clients’ records and processes are in compliance with government regulations.
As of November 30, 2025, the company had a huge workforce of 10,374 personnel deployed across various client locations. The core strengths of PAN HR Solutions are their comprehensive workforce deployment capabilities, deep expertise in legal regulations and compliance, and an experienced leadership team. This wide service portfolio keeps them ahead of participants in the market and enables them to provide end-to-end solutions to clients across miscellaneous sectors.
Company Financials
PAN HR Solutions Financial Information (Restated Standalone)
The company has shown reliable financial growth, reporting a total income of ₹283.69 cr. and a Profit after Tax of ₹5.02 cr. for the fiscal year ending March 31, 2025. This upward trend continued into the 8 month period ending November 30, 2025, where it recorded a PAT of ₹5.13 cr. on an income of ₹154.23 cr. With a healthy Return on Equity of 31.05% in financial year 2026, the company establishes strong operational efficiency and a solid net worth of ₹23.39 cr. as of late 2025.
| Period Ended | 30 Nov 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 43.72 | 36.06 | 42.31 | 37.07 |
| Total Income | 154.23 | 283.69 | 281.92 | 256.36 |
| Profit After Tax | 5.13 | 5.02 | 4.20 | 3.88 |
| EBITDA | 6.34 | 6.86 | 5.19 | 5.37 |
| Net Worth | 23.39 | 18.26 | 14.04 | 12.14 |
| Reserves and Surplus | 17.98 | 18.24 | 14.02 | 12.12 |
| Total Borrowing | 0.08 | – | 0.03 | 0.60 |
Key Performance Indicator (KPI)
The market cap. of PAN HR Solutions IPO is ₹56.25 Crores.
KPI as of Mon, Mar 31, 2025, & Dec 31, 2025
| KPI | Nov 30, 2025 | Mar 31, 2025 |
|---|---|---|
| ROE | 24.64 | 31.05% |
| ROCE | 26.76% | 38.30% |
| Debt/Equity | – | – |
| RoNW | 21.94% | 27.47% |
| PAT Margin | 3.33% | 1.75% |
| EBITDA Margin | 4.12% | 2.42% |
| Price to Book Value | 2.11 | 2.32 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 9.27 | 10.67 |
| P/E (x) | 8.41 | 7.31 |
| Promoter Holding | 90.92% | – |
PAN HR Solutions IPO Objectives
| Objects of the Issue | Expected Amount (₹ in cr.) |
|---|---|
| Funding working capital requirements of the company | 9.75 |
| Funding of Capital expenditure for manufacturing of equipments for Rental purpose. | – |
| Funding working capital requirements of our company | – |
| General corporate purposes |
PAN HR Solutions IPO Contact Details
- PAN HR Solutions Ltd.
- A – 42/03, Second floor, Sector-62,
- Gautam Buddha Nagar
- Noida, Uttar Pradesh, 201301
- +91 74288 52201
- cscompliance@panhr.in
- Website: http://www.panhr.in/
PAN HR Solutions IPO Registrar
Maashitla Securities Pvt.Ltd.
| Details | Descriptions |
|---|---|
| Phone: | +91-11-45121795-96 |
| Email: | investor.ipo@maashitla.com |
| Website: | https://maashitla.com/allotment-status/public-issues |
PAN HR Solutions IPO FAQs
When PAN HR Solutions IPO become available?
The IPO will open on Fri, Feb 6, 2026.
What is the minimum lot size for the PAN HR Solutions IPO?
The minimum lot size is 1,600 shares.
When will the shares for the PAN HR Solutions IPO be allotted?
The allotment is expected to be finalized on Wed, Feb 11, 2026.
What is the expected listing date for the PAN HR Solutions IPO?
The tentative listing date is Fri, Fri, Feb 13, 2026.
How can I apply for the PAN HR Solutions IPO?
You can apply online through your bank or a broker using either the UPI or ASBA payment methods.
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