PAN HR Solutions IPO...
03 Feb, 2026
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.
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
PAN HR Solutions IPO GMP
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
PAN HR Solutions IPO Details
| Detail | Description |
|---|---|
| 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 & OFS |
| Total Issue Size | 21,84,000 shares (agg. up to ₹17 Cr) |
| Reserved for Market Maker | 21,84,000 shares (agg. up to ₹17 Cr)3,79,200 shares (agg. up to ₹3 Cr) Giriraj Stock Broking Pvt.Ltd. |
| Fresh Issue(Ex Market Maker) | 14,20,800 shares (agg. up to ₹11 Cr) |
| 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) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 54,11,058 shares |
| Share Holding Post Issue | 72,11,058 shares |
PAN HR Solutions IPO Timeline
| Detail | 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 |
| Cut-off time for UPI mandate confirmation | - |
PAN HR Solutions IPO Lot Size
| 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) | 9 | 14,400 | ₹11,23,200 |
PAN HR Solutions IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| Promoter Holding Pre Issue | 90.92% |
| Promoter Holding Post Issue | - |
Competitive Strength:
- • An extensive workforce, including professionals & experienced team members in their fields.
- • Comprehensive service portfolio.
- • Strong relationship with clients and punctuality in delivering services.
PAN HR Solutions IPO Financial Information
| Period Ended | Assets | Total Income | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing | ||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 30 Nov 2025 | 43.72 | 154.23 | 5.13 | 23.39 | 17.98 | 0.08 | ||||||||||||||||||||||||||||||||||
| 31 Mar 2025 | 36.06 | 283.69 | 5.02 | 18.26 | 18.24 | - | ||||||||||||||||||||||||||||||||||
| 31 Mar 2024 | 42.31 | 281.92 | 4.20 | 14.04 | 14.02 | 0.03 | ||||||||||||||||||||||||||||||||||
| 31 Mar 2023 | 37.07 | 256.36 | 3.88 | 12.14 | 12.12 | 0.60 | ||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 24.64 |
| ROCE | 26.76% |
| Debt/Equity | 21.94% |
| RoNW | 3.33% |
| PAT Margin | 4.12% |
| EBITDA Margin | 2.11 |
| Price to Book Value | - |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 9.27 | 10.67 |
| P/E (x) | 8.41 | 7.31 |
PAN HR Solutions IPO Objectives
- • Funding the working capital requirement
- • Repayment of debt (in part or in full)
- • General corporate purposes
Conclusion
PAN HR Solutions IPO provides an opportunity to invest in a growing company that has PAN-India expansion and a strong B2B network. As the company has shown strong profits in recent years, with a growing EBITDA of approx 6%. This IPO will help in funding the working capital requirement and the repayment of debt, which will help in strengthening the balance sheet of the company and the rest of the funding will be used for the general corporate purposes.
RHP:
View RHPDRHP:
View DRHPRead more :
Frequently asked Questions (FAQs )
-
What are the opening and closing dates for the PAN HR Solutions IPO?
The IPO is scheduled to open for subscription on February 6, 2026, and will close on February 10, 2026.
-
What is the price band and face value of PAN HR Solutions IPO shares?
The IPO price band is set between ₹74 and ₹78 per share. The face value of each share is ₹10.
-
What is the minimum lot size of the PAN HR Solutions IPO?
As this is an SME IPO on the BSE platform, the minimum lot size for an application is 1,600 shares.
-
Where will PAN HR Solutions IPO’s shares be listed and what is the issue size?
The shares will be listed on the BSE SME platform. The total issue size is ₹17.04 crore.
-
Who is the Registrar and Lead Manager for this PAN HR Solutions IPO?
The Registrar for the PAN HR Solutions IPO is Maashitla Securities Pvt. Ltd. and the BRLM is Marwadi Chandarana Intermediaries Brokers Pvt. Ltd.
-
When is the tentative allotment and listing date of PAN HR Solutions IPO?
The basis of allotment is expected to be finalized on February 11, 2026, with the shares likely to be listed on the BSE SME exchange on February 13, 2026.
.jpg)
