PAN HR Solutions IPO
Market Sentiment
IPO Details
Market Lot Size
IPO Reservation
Financial Analysis
| Metric | 2023 | 2024 | 2025 | Nov 2025 |
|---|---|---|---|---|
| Revenue | 256.36 | 281.92 | 283.69 | 154.23 |
| Expense | 250.99 | 276.28 | 276.76 | 147.97 |
| Profit (PAT) | 3.88 | 4.20 | 5.02 | 5.13 |
| Total Assets | 37.07 | 42.31 | 36.06 | 43.72 |
| Company | EPS | P/E | Market Cap (Cr) |
|---|---|---|---|
| Itcons ESolutions Limited | 6.43 | 63.20 | 9 |
| Happy Square Outsourcing Services Limited | 7.07 | 8.27 | 48 |
| Spectrum Talent Management Limited | 3.13 | 24.39 | 5 |
Promoters: Rajeev Kumar and Rajni Kumari
| Shareholding | No. of Shares | Holding % |
|---|---|---|
| Promoter Holding Pre Issue | 54,11,058 | 90.92% |
Strengths & Risks
- Strong institutional (QIB) demand — 6.6x.
- Strong return on equity — 31%.
- Mostly fresh capital — proceeds fund the company's growth, not an exit.
- Thin profit margin — 1.8%.
- Lists on the exchange's SME platform, where trading is usually thinner than on the main board — selling at your price can be harder.
Compiled from this issue's live GMP, subscription, valuation and financial data, and updated as those figures change. Informational only — not investment advice. Always read the RHP before applying.
Company Information
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 Ltd., A – 42/03, Second floor, Sector-62,, Gautam Buddha Nagar, Noida, Uttar Pradesh, 201301
| Purpose | Amount (Cr) |
|---|---|
| Funding working capital requirements of the Company | 9.75 |
| Pre-payment or repayment of certain outstanding borrowings availed by Company | - |
| General Corporate Purposes | - |
Resources & Documents
PAN HR Solutions has set a price band of Rs 75–Rs 78 per share for an issue size of Rs 17 crore in the staffing & hr sector. The stock listed with a 0.45% gain versus its issue price on February 13, 2026.
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. The company operates in the staffing & hr space.
The issue is promoted by Rajeev Kumar and Rajni Kumari with Marwadi Chandarana Intermediaries Brokers Pvt. Ltd. acting as lead manager. Net proceeds will primarily be used towards Funding working capital requirements of the Company (Rs 10 crore) and Pre-payment or repayment of certain outstanding borrowings availed by Company.
On fundamentals, the company is posting revenue growth of 0.6%, a profit margin of 1.8%, return on equity of 31.1% in its most recent reported period. Listed peers in this segment include Happy Square Outsourcing Services Limited (P/E 8.27x, market cap Rs 48 crore) and Itcons ESolutions Limited (P/E 63.20x, market cap Rs 9 crore) — useful reference points when evaluating the issue's pricing relative to where the broader sector are trading.
On our data-signal score, the combined signals for this issue currently read mixed — some indicators read positively and others do not. This is a summary of public data, not a recommendation to apply or skip. Past performance does not predict future returns — review the price chart and peer comparison below before trading.
PAN HR Solutions IPO GMP — What It Means
GMP stops mattering once the shares trade — it only ever estimated the listing price. The summary at the top of this page compares the last pre-listing GMP with how the shares actually listed.
See the full PAN HR Solutions GMP history and trend, or learn how grey market premium works and how reliable it is.
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