PAN HR Solution
listed
SME IPO
₹0.35
(0.45%)
Table of Contents
- 01 IPO Description
- 02 IPO Parameters
- 03 IPO Roadmap
- 05PAN HR Solution IPO Market Lot
- 05 PAN HR Solutions IPO – Key Details
- 06 PAN HR Solutions IPO – Market Lot Details
- 07 PAN HR Solutions IPO – Reservation Breakup
- 08 PAN HR Solutions IPO – Anchor Investors Details
- 09 PAN HR Solutions IPO – Important Dates
- 10 PAN HR Solutions IPO – Promoters & Holding Pattern
- 11 PAN HR Solutions IPO – Objects of the Issue
- 12 About PAN HR Solutions IPO
- 13 PAN HR Solutions IPO – Financial Performance
- 14 PAN HR Solutions IPO – Valuation (FY2025)
- 15 PAN HR Solutions IPO – Peer Group Comparison
- 16 IPO Lead Managers aka Merchant Bankers
IPO PARAMETERS
PRICE BAND
74.00 - 78.00
LOT SIZE
1600 Shares
INVESTMENT
₹2,49,600
IPO ROADMAP
BIDDING STARTS
06 Feb 2026
2
BIDDING ENDS
10 Feb 2026
3
ALLOTMENT
TBA
4
LISTING
13 Feb 2026
PAN HR Solution IPO MARKET LOT
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 | 3,200 | ₹249,600 |
| Retail Maximum | 2 | 3,200 | ₹249,600 |
| S-HNI Minimum | 3 | 4,800 | ₹374,400 |
| S-HNI Maximum | 8 | 12,800 | ₹998,400 |
| B-HNI Minimum | 9 | 14,400 | ₹1,123,200 |
PAN HR Solutions IPO – Key DETAILS
| Particular | Details |
|---|---|
| IPO Open Date | February 6, 2026 |
| IPO Close Date | February 10, 2026 |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹74 – ₹78 Per Share |
| Issue Size | Approx ₹17.04 Crores |
| Fresh Issue | Approx ₹14.04 Crores |
| Offer for Sale (OFS) | 3,84,000 Equity Shares |
| Issue Type | Book Build Issue |
| IPO Listing | BSE SME |
PAN HR Solutions IPO – Market Lot DETAILS
| Category | Lot Size | Shares | Amount (₹) |
|---|---|---|---|
| Retail Minimum | 2 | 3,200 | 2,49,600 |
| Retail Maximum | 2 | 3,200 | 2,49,600 |
| S-HNI Minimum | 3 | 4,800 | 3,74,400 |
| S-HNI Maximum | 8 | 12,800 | 9,98,400 |
| B-HNI Minimum | 9 | 14,400 | 11,23,200 |
PAN HR Solutions IPO – Reservation BREAKUP
| Investor Category | Shares Offered | Shares (%) |
|---|---|---|
| Anchor Investor | 5,37,600 | 24.62% |
| QIB (Ex. Anchor) | 3,60,000 | 16.48% |
| NII | 2,73,600 | 12.53% |
| Retail | 6,33,600 | 29.01% |
PAN HR Solutions IPO – Anchor Investors DETAILS
| Particular | Details |
|---|---|
| Anchor Bidding Date | February 05, 2026 |
| Shares Offered | 5,37,600 Shares |
| Anchor Size | ₹4.19 Crores |
| Lock-in (50% – 30 Days) | March 13, 2026 |
| Lock-in (50% – 90 Days) | May 12, 2026 |
PAN HR Solutions IPO – Important DATES
| Event | Date |
|---|---|
| IPO Open Date | February 6, 2026 |
| IPO Close Date | February 10, 2026 |
| Basis of Allotment | February 11, 2026 |
| Refunds | February 12, 2026 |
| Credit to Demat Account | February 12, 2026 |
| IPO Listing Date | February 13, 2026 |
| Bidding Cut-off Time | February 10, 2026 – 5 PM |
PAN HR Solutions IPO – Promoters & Holding PATTERN
| Particular | Details |
|---|---|
| Promoters | Rajeev Kumar & Rajni Kumari |
| Promoter Holding (Pre-Issue) | 54,11,058 Shares (90.92%) |
| Promoter Holding (Post-Issue) | 72,11,058 Shares |
PAN HR Solutions IPO – Objects of the ISSUE
| Purpose | Amount (₹ Crores) |
|---|---|
| Funding Working Capital Requirements | ₹9.75 |
| Pre-payment / Repayment of Borrowings | – |
| General Corporate Purposes | – |
About PAN HR Solutions IPO
PAN HR Solutions was founded in 2015 and started providing a wide range of services, including human resources, staffing, payroll management, facility management, compliance audits, and e-commerce logistics.
The company operates on a B2B model, offering complete manpower solutions for businesses. It caters to various roles, covering everything from unskilled labor to skilled blue-collar workers.Moreover, the company also has a unique strength, such as Manpower Services and Payroll Services, facility Management, Staffing Solution, Compliance Audit.
PAN HR Solutions IPO – Financial PERFORMANCE
| Period Ended | Revenue (₹ Cr) | Expense (₹ Cr) | PAT (₹ Cr) | Assets (₹ Cr) |
|---|---|---|---|---|
| 2023 | 256.36 | 250.99 | 3.88 | 37.07 |
| 2024 | 281.92 | 276.28 | 4.20 | 42.31 |
| 2025 | 283.69 | 276.76 | 5.02 | 36.06 |
| Nov 2025 | 154.23 | 147.97 | 5.13 | 43.72 |
PAN HR Solutions IPO – Valuation (FY2025)
| KPI | Value |
|---|---|
| ROE | 31.05% |
| ROCE | 38.30% |
| EBITDA Margin | 2.42% |
| PAT Margin | 1.77% |
| Debt to Equity | – |
| EPS (Basic) | ₹10.17 |
| P/E Ratio | N/A |
| RoNW | 27.47% |
| NAV | ₹37.01 |
PAN HR Solutions IPO – Peer Group COMPARISON
| Company | EPS (₹) | P/E | RoNW (%) | NAV (₹) | Income (₹ Cr) |
|---|---|---|---|---|---|
| Itcons E-Solutions Ltd | 6.43 | 63.20 | 8.76% | 73.80 | 5.98 |
| Happy Square Outsourcing Services Ltd | 7.07 | 8.27 | 47.64% | 14.84 | 97.41 |
| Spectrum Talent Management Ltd | 3.13 | 24.39 | 4.72% | 66.38 | 1,270.14 |
IPO Lead Managers aka Merchant BANKERS
- Marwadi Chandarana Intermediaries Brokers Pvt. Ltd.