PAN HR Solutions IPO

PAN HR Solutions The IPO is a book-building IPO worth ₹17.04 crores, a combination of a fresh issue of ₹14.04 crores and an offer for sale (OFS) of ₹3 crores. The price band for this IPO is set at ₹74 to ₹78 per share. The lot size for an application is 1,600, and the minimum amount required by an individual investor (retail investor) is ₹249,600 (3,200 shares). The IPO opens for subscription from Feb 6, 2026, to Feb 10, 2026, and will list on the BSE SME platform with a tentative listing date fixed as Feb 13, 2026.

Company Background

Founded in 2015, PAN HR Solutions Ltd. is a one-stop-shop B2B service provider with expertise in the overall management of human resources and facilities. The company provides a wide range of services, such as recruitment, payroll management, statutory compliance audits, and e-commerce logistics. PAN HR has earned recognition for its experience in handling both skilled and unskilled blue-collar workers. The company has grown substantially and currently employs more than 10,300 people as of late 2025.

Operations and Product Range

Facility and Production

PAN HR Solutions Ltd. is a B2B human resource solutions provider with a diverse product offering that includes manpower supply, payroll management and facility services. Their business model revolves around filling the existing gap between industries and talent, ranging from providing skilled blue-collar workers for manufacturing to delivery personnel for e-commerce logistics.

Brands and Market Presence

The company has built a strong market presence, especially in the e-commerce business, which contributes more than 85% to its revenues. Awarded twice as a leading partner of logistics major Flipkart, PAN HR has a PAN-India presence with 25 blue-chip clients in the logistics, manufacturing and IT sectors.

Revenue Channels

• • E-commerce platform for providing staffing and logistics support to major platforms; approx. 85% of revenue generation is only from here.
• • Logistics service to supply chain and distribution manpower; approx. 8% generated by this.
• • Providing infrastructure manpower deployment for construction and large-scale physical projects.

Management and Shareholding

Promoters and Shareholding

PAN HR Solutions Ltd. is led by its major promoters, Rajeev Kumar and Rajni Kumari, who have extensive experience in the area of industrial manpower recruitment. After the PAN HR Solutions IPO, the promoter stake will change as the company will issue 1.8 million new shares and an offer for sale (OFS) of 3.84 lakh shares.

Board Members

The board of this company is chaired by Managing Director Rajeev Kumar, supported by Executive Director Rajni Kumari. To ensure corporate governance, the board includes Vivek Kumar Mishra (Non-Executive Director) and Independent Directors Umesh Kumar Purbey and Jeewan Chandra, who oversee the Audit and Nomination and Remuneration committees.