PAN HR Solution IPO GMP today is Rs 0.35. Investors can use this GMP along with price band and subscription status for a better IPO review.
Listed
SME IPO
PANHRSOLUTION
PAN HR Solution IPO GMP, Subscription & Allotment Status Today
PAN HR Solution is a SME IPO with a price band of Rs 74.00 to Rs 78.00 that listed on 13 Feb 2026 at a listing gain of +0.45%. Track its full GMP history, subscription data and listing details here.
- Price Band
- ₹74.00 - ₹78.00
- Lot Size
- 1,600 Shares
- Bidding Closes
- 10 Feb 2026
- Listing Date
- 13 Feb 2026
Current GMP Status
₹0.35
+0.45% vs upper band
Est. Listing Gain
+0.45%
Last Trend
TBA
Listing Price
₹78.35
Retail Entry
₹2,49,600
IPO Details
Complete IPO information
| Current GMP | ₹0.35 |
|---|---|
| Estimated Listing Gain | +0.45% |
| Price Band | ₹74.00 - ₹78.00 |
| Issue Price | Approx ₹78.00 Crores |
| Listing Price | ₹78.35 |
| Lot Size | 1,600 Shares |
| Issue Type | SME |
| Registrar | TBA |
| Exchange | NSE, BSE |
| Retail Quota | TBA |
| Overall Subscription | TBA |
| Listing Date | 13 Feb 2026 |
| Minimum Investment | ₹2,49,600 |
Head-to-head
Compare PAN HR Solution IPO with similar IPOs
Analysis
IPO Snapshot & Investor Takeaways
At the upper end of its price band, PAN HR Solution is priced at ₹78 per share. With a minimum lot size of 1,600 shares, a retail investor applying for one lot would need approximately ₹2,49,600 to participate in this SME issue.
The latest recorded Grey Market Premium for PAN HR Solution stands at ₹0.35, implying an estimated listing gain of around 0.45% over the issue price if it holds until listing. GMP reflects informal grey-market sentiment rather than a guaranteed outcome, and can change at any point until the day of listing.
SME IPOs list on the dedicated SME platform of BSE/NSE. They usually involve smaller issue sizes and a higher per-lot investment than Mainboard issues, with comparatively lower institutional participation.
Timeline
IPO roadmap at a glance
✓
Bidding Opens
06 Feb 2026
✓
Bidding Closes
10 Feb 2026
✓
Allotment
TBA
✓
Listing
13 Feb 2026
Market Lot
Application size breakdown
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 Lot | 3,200 | ₹2,49,600 |
| Retail Maximum | 2 Lot | 3,200 | ₹2,49,600 |
| S-HNI Minimum | 3 Lot | 4,800 | ₹3,74,400 |
| S-HNI Maximum | 8 Lot | 12,800 | ₹9,98,400 |
| B-HNI Minimum | 9 Lot | 14,400 | ₹11,23,200 |
Swipe to see more →
Fund Utilization
Objects of the Issue & Official Documents
Analysis
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 |
Analysis
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 |
Analysis
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% |
Analysis
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 |
Analysis
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 |
Analysis
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 |
Analysis
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 | – |
Analysis
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.
Analysis
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 |
Analysis
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 |
Analysis
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 |
Analysis
IPO Lead Managers aka Merchant Bankers
- Marwadi Chandarana Intermediaries Brokers Pvt. Ltd.
FAQ
PAN HR Solution IPO FAQs
PAN HR Solution IPO price band is Rs 74.00 to Rs 78.00. Check the latest issue price, lot size and GMP together before applying.
PAN HR Solution IPO open date is 06 Feb 2026, close date is 10 Feb 2026, and listing date is 13 Feb 2026.
PAN HR Solution IPO lot size is 1,600 shares. The minimum retail investment is Rs 2,49,600.
PAN HR Solution is classified as a SME IPO. This helps investors quickly understand the issue category and exchange segment.
PAN HR Solution IPO subscription status currently shows Subscription data is currently awaited.
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