PAN HR Solutions IPO

Listed SME Staffing & HR
Open Feb 06
Close Feb 10
Allotment Feb 11
Refund Feb 12
Listing Feb 13

Market Sentiment

Grey Market Premium What is GMP?
+Rs 0
+0.0%
Est. Listing: Rs 78
Updated: Feb 14, 2026 12:00 am
View Full GMP History →
Subscription Status
QIB
6.57x
bNII (>10L)
33.73x
sNII (2-10L)
13.04x
Retail
9.40x
Total
12.36x
Updated: Mar 02, 2026 11:24 pm IST
Analysis Score 42 / 100
Neutral
Data: 80%
GMP Score 40
Subscription Score 40
Financial Health 50

Market Lot Size

Category Lots 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 Details

Issue Price₹75-78 per equity share
Face Value₹10 Per Equity Share
Lot Size 1600 shares (Min ₹1,24,800)
Total Issue Size ₹17.04 crore
Fresh Share₹14.04 crore
Offer For Sale₹3.00 crore
Issue TypeBook build Issue
Lead ManagerMarwadi Chandarana Intermediaries Brokers Pvt. Ltd.
RegistrarMaashitla Securities Pvt. Ltd.
Listing atBSE
BSE Code544698
NSE Symbol
ISININE1N9E01015
Listing Price₹78.35
Listing Gain+0.45%

IPO Reservation

Category Shares Offered
QIB3,60,000
NII (HNI)2,73,600
bNII > ₹10L1,82,400
sNII < ₹10L91,200
Retail6,33,600
Anchor5,37,600

Financial Analysis

Financial Data
ROE
31.05%
ROCE
38.30%
NAV/Share
Rs 37.01
Revenue Growth
0.63%
Profit Margin
1.77%
Financial Performance
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
Values in Crores (₹)
Peer Comparison
Company P/E EPS Market Cap (Cr)
Itcons ESolutions Limited 63.20 6.43 9
Happy Square Outsourcing Services Limited 8.27 7.07 48
Spectrum Talent Management Limited 24.39 3.13 5
Promoters & Holding Pattern

Promoters: Rajeev Kumar and Rajni Kumari

Shareholding No. of Shares Holding %
Promoter Holding Pre Issue 54,11,058 90.92%

Company Information

About PAN HR Solutions

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.

Objects of the Issue
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

Anchor Investors
Anchor Bidding Date
February 05, 2026
Shares Offered to Anchors
5,37,600
Lock-in End (30 Days, 50%)
March 13, 2026
Lock-in End (90 Days, 50%)
May 12, 2026
Company Contact Information

PAN HR Solutions Ltd., A – 42/03, Second floor, Sector-62,, Gautam Buddha Nagar, Noida, Uttar Pradesh, 201301

Frequently Asked Questions

PAN HR Solutions IPO is SME IPO. The company is going to raise ₹17.04 Crores via IPO. The issue is priced at ₹74 to ₹78 per equity share. The IPO is to be listed on BSE.

The IPO is to open on February 6, 2026 for QIB, NII, and Retail Investors. The IPO will close on February 10, 2026.

The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.

You can apply for PAN HR Solutions IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

PAN HR Solutions IPO issue size is ₹17.04 crores.

PAN HR Solutions IPO Price Band is ₹74 to ₹78.

The minimum bid is 3,200 Shares with ₹2,49,600 amount.

PAN HR Solutions IPO allotment date is February 11, 2026.

PAN HR Solutions IPO listing date is February 13, 2026. The IPO is to list on BSE.

Understanding Grey Market Premium (GMP)

The Grey Market Premium (GMP) is an unofficial indicator of how an IPO's shares are trading in the grey market before they are officially listed on a stock exchange. It reflects investor sentiment and demand for the IPO shares ahead of listing day.

How does it work? The grey market is an informal, over-the-counter market where investors buy and sell IPO shares before the official listing date. If an IPO has a positive GMP, it suggests that investors expect the stock to list above its issue price. A negative GMP indicates expectations of a listing below the issue price.

Example: If an IPO has an issue price of ₹100 and the GMP is ₹50, the expected listing price would be approximately ₹150 (issue price + GMP). This translates to an estimated listing gain of 50%.

Factors that influence GMP:

  • Subscription levels — Higher subscription typically drives GMP up
  • Market conditions — Bullish markets tend to boost GMP across all IPOs
  • Company fundamentals — Strong financials and growth potential attract premium
  • Industry sentiment — Positive outlook for the sector can increase demand
  • IPO pricing — Reasonably priced IPOs relative to peers tend to command higher GMP

Disclaimer: GMP is an unofficial metric from the grey market and is not regulated by SEBI or any stock exchange. GMP values fluctuate frequently and should not be the sole basis for investment decisions. Always consider company fundamentals, financial health, and your own risk appetite before investing in any IPO.

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