PAN HR Solutions IPO open date is February 6, 2026 and the IPO will close on February 10, 2026. PAN HR Solutions IPO is a Book Build issue. The company plans to raise around ₹17.04 crores through the public issue, which includes a fresh issue of ₹14.04 crores and an offer for sale of up to 3,84,000 equity shares with a face value of ₹10 each.
PAN HR Solutions IPO price band is ₹74 to ₹78 per share. The retail quota is 35%, QIB allocation is 50% and HNI quota is 15%. PAN HR Solutions IPO will be listed on BSE SME on February 13, 2026. The basis of allotment will be finalised on February 11, 2026.
The company, PAN HR Solutions Ltd., reported revenue of ₹283.69 crores in FY2025 against ₹281.92 crores in FY2024. The company posted a profit of ₹5.02 crores in FY2025 compared to ₹4.20 crores in FY2024. Based on the financial performance and business stability, this IPO is considered suitable mainly for long-term investors.
Contents
PAN HR Solutions IPO Details
| Particular | Details |
|---|---|
| IPO Open Date | February 6, 2026 |
| IPO Close Date | February 10, 2026 |
| Face Value | ₹10 per equity share |
| IPO Price Band | ₹74 to ₹78 per share |
| Issue Size | Approx ₹17.04 crores |
| Fresh Issue | Approx ₹14.04 crores |
| Offer for Sale | Approx 3,84,000 equity shares |
| Issue Type | Book Build Issue |
| IPO Listing | BSE SME |
| DRHP Draft Prospectus | View PDF |
| RHP Draft Prospectus | View PDF |
PAN HR Solutions IPO
Open: 6-10 Feb
Issue Size: ₹17.04 Cr.
Objective: To fund working capital, repay borrowings and meet general corporate needs
Exchange: BSE SME
PAN HR Solutions IPO Review
PAN HR Solutions IPO review is neutral. The company operates in the manpower and HR services segment, which offers steady demand from corporate and industrial clients.
Revenue growth remains stable but margins are relatively thin, as reflected in the EBITDA and PAT margins. However, improving profitability, strong return ratios and consistent client requirements support business continuity. Investors looking for stable, service-based businesses with long-term visibility may consider this issue with moderate expectations.
PAN HR Solutions IPO Market Lot
| Application | 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 |
IPO Reservation
| Investor Category | Share Offered | Shares (%) |
|---|---|---|
| Anchor Investor | 5,37,600 Shares | 24.62% |
| QIB (Ex. Anchor) | 3,60,000 Shares | 16.48% |
| NII Shares Offered | 2,73,600 Shares | 12.53% |
| Retail Shares Offered | 6,33,600 Shares | 29.01% |
PAN HR Solutions IPO Anchor Investors
| Particular | Details |
|---|---|
| Anchor Bidding Date | February 05, 2026 |
| Anchor Investors List | View PDF |
| Shares Offered | 5,37,600 Shares |
| Anchor Size | ₹4.19 Cr. |
| Lock-in period end date 50% shares (30 days) | March 13, 2026 |
| Lock-in period end date 50% shares (90 days) | May 12, 2026 |
PAN HR Solutions IPO 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 |
| IPO Bidding Cut-off Time | February 10, 2026 – 5 PM |
Promoters and Holding Pattern
The promoters of the company are Rajeev Kumar and Rajni Kumari.
| Particular | Shares | % Share |
|---|---|---|
| Promoter Holding Pre Issue | 54,11,058 | 90.92% |
| Promoter Holding Post Issue | 72,11,058 | –% |
Objects of the Issue
The company intends to utilise the net proceeds primarily for funding its working capital requirements amounting to ₹9.75 crores. The remaining portion of the proceeds will be used for general corporate purposes. The issue does not include any allocation towards repayment of borrowings as per the disclosed utilisation plan.
About PAN HR Solutions IPO
PAN HR Solutions was incorporated in 2015 and provides a wide range of services such as human resources management, staffing solutions, payroll processing, facility management, compliance audits and e-commerce logistics support.
The company follows a B2B business model and offers end-to-end manpower solutions for enterprises. Its service portfolio covers both unskilled and skilled blue-collar workforce. Key strengths include manpower services, payroll services, facility management, staffing solutions and compliance audit services.
PAN HR Solutions IPO Company Financial Report
(Amount in ₹ crores)
| Period Ended | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 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 | Values |
|---|---|
| ROE | 31.05% |
| ROCE | 38.30% |
| EBITDA Margin | 2.42% |
| PAT Margin | 1.77% |
| Debt to equity ratio | – |
| Earning Per Share (EPS) | ₹10.17 (Basic) |
| Price/Earning (P/E) Ratio | N/A |
| Return on Net Worth (RoNW) | 27.47% |
| Net Asset Value (NAV) | ₹37.01 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Itcons ESolutions Limited | 6.43 | 63.20 | 8.76% | 73.80 | 5.98 Cr. |
| Happy Square Outsourcing Services Limited | 7.07 | 8.27 | 47.64% | 14.84 | 97.41 Cr. |
| Spectrum Talent Management Limited | 3.13 | 24.39 | 4.72% | 66.38 | 1,270.14 Cr. |
IPO Lead Managers (Merchant Bankers)
| Name |
|---|
| Marwadi Chandarana Intermediaries Brokers Pvt. Ltd. |
Company Address
| Particular | Details |
|---|---|
| Company Name | PAN HR Solutions Ltd. |
| Address | A – 42/03, Second Floor, Sector-62, Noida, Gautam Buddha Nagar, Uttar Pradesh – 201301 |
| Phone | +91 74288 52201 |
| cscompliance@panhr.in | |
| Website | http://www.panhr.in/ |
IPO Registrar
| Particular | Details |
|---|---|
| Name | Maashitla Securities Pvt. Ltd. |
| Phone | +91-11-45121795-96 |
| investor.ipo@maashitla.com | |
| Website | https://maashitla.com/allotment-status/public-issues |
PAN HR Solutions IPO FAQs
What is PAN HR Solutions IPO?
PAN HR Solutions IPO is an SME IPO. The company aims to raise ₹17.04 crores through the public issue. The price band is fixed at ₹74 to ₹78 per equity share and the IPO will be listed on BSE SME.
When will PAN HR Solutions IPO open for subscription?
The IPO will open for subscription on February 6, 2026 for QIB, NII and retail investors. The issue will close on February 10, 2026.
What is PAN HR Solutions IPO investors’ portion?
The investors’ portion is 50% for QIB, 15% for NII and 35% for retail investors.
How to apply for PAN HR Solutions IPO?
Investors can apply through ASBA using their bank account. Applications can also be made through UPI via stockbrokers or by submitting offline application forms through brokers.
What is PAN HR Solutions IPO issue size?
The total issue size of PAN HR Solutions IPO is ₹17.04 crores.
What is PAN HR Solutions IPO price band?
The price band is ₹74 to ₹78 per share.
What is PAN HR Solutions IPO lot size?
The minimum bid is 3,200 shares, requiring an application amount of ₹2,49,600.
What is the PAN HR Solutions IPO allotment date?
The allotment is expected to be finalised on February 11, 2026.
What is the PAN HR Solutions IPO listing date?
The IPO is scheduled to be listed on February 13, 2026 on BSE SME.
Expert Comment
PAN HR Solutions IPO presents a stable business profile in a service-oriented segment with consistent demand. While profitability margins remain modest, the company’s improving earnings, strong return ratios and diversified HR service offerings provide operational comfort.
This issue may be suitable for investors with a long-term horizon who are comfortable with SME liquidity risks and moderate growth expectations.
