PAN HR Solutions IPO
Market Sentiment
IPO Details
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Market Lot Size
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
- Heavily oversubscribed — 12.4x overall (final).
- 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%.
Auto-generated from live GMP, subscription, valuation and financial data. 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.
| 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 Ltd., A – 42/03, Second floor, Sector-62,, Gautam Buddha Nagar, Noida, Uttar Pradesh, 201301
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.
Current grey market activity shows a flat premium, indicating muted unofficial demand. Final subscription data records overall subscription at 12.36x, retail at 9.40x, QIB at 6.57x, NII at 26.83x.
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.
Our data-driven engine currently flags this issue as a Neutral stance — the data is mixed and the risk-reward is balanced rather than one-sided. 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
The latest grey market premium for PAN HR Solutions IPO is ₹0 (+0.0%). GMP is an unofficial, dealer-quoted figure that hints at expected listing-day demand — it is not a guaranteed listing price. For PAN HR Solutions it should be read alongside the subscription numbers and the company's fundamentals, since grey-market premiums can swing sharply during the bidding window.
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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