Minimum Investment
About Company
Company Name: PAN HR Solutions Limited
Industry / Sector: Manpower & HR Services / Staffing, Payroll & Facility Management
Founded Year: 2015
Promoters: Rajeev Kumar, Rajni Kumari
Incorporated in 2015, PAN HR Solutions Limited provides comprehensive HR and manpower solutions including recruitment, staffing, payroll management, compliance auditing, facility management (housekeeping, pantry, office assistants), and e-commerce logistics support. It operates on a B2B model, deploying over 10,374 personnel (as of Nov 30, 2025) across client locations for unskilled to skilled blue-collar roles. The company offers end-to-end services with strong focus on statutory compliance (EPF, ESIC, Professional Tax etc.) and acts as a one-stop HR provider.
IPO Basic Details
| Company Name | PAN HR Solutions Limited |
| IPO Type | SME IPO |
| Price Band | ₹74 – ₹78 |
| Lot Size | 1600 |
| Total Issue Size | ₹17.04 Cr (21,84,000 shares) |
IPO Strengths & Risks
Strengths
- Extensive workforce deployment (10,374+ personnel)
- Strong compliance & regulatory expertise
- Experienced leadership team
- Comprehensive one-stop HR portfolio
Risks
- Manpower-intensive model with labor law risks
- Competition in staffing/HR services
- Client concentration or contract renewal risks
- Low margins typical in services sector
- Dependence on economic cycles & client industries
IPO Important Dates
| IPO Open Date | 06 Feb 2026 |
| IPO Close Date | 10 Feb 2026 |
| Basis of Allotment | 11 Feb 2026 |
| Refund Initiation | 12 Feb 2026 |
| Demat Credit Date | 12 Feb 2026 |
| Listing Date | 13 Feb 2026 |
| Anchor Investor Date | - |
| UPI Mandate Deadline | 10 Feb 2026 |
IPO Objectives
- Capital expenditure for machinery and equipment – -
- Funding working capital requirements – -
- Debt repayment – -
- General corporate purposes – ₹2.11 Cr
Investor Reservation
| QIB Quota | 41.10% (incl. Anchor 24.62% / 5,37,600 shares; QIB ex-anchor 16.48%) |
| Retail Quota | 29.01% (6,33,600 shares) |
| HNI Quota | 12.53% (NII – bNII 8.35%, sNII 4.18%) |
| Employee Quota | - |
| Shareholder Quota | - |
| Anchor Investor Allocation | - |
Market Lot Details
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 lots | 3200 | ₹2,49,600 |
| Retail Maximum | 2 lots | 3200 | ₹2,49,600 |
| S-HNI Minimum | 3 lots | 4800 | ₹3,74,400 |
| S-HNI Maximum | - | - | - |
| B-HNI Minimum | 9 lots | 14400 | ₹11,23,200 |
Key Performance Indicators (KPI)
| ROE | 24.64% (Nov 2025) / 31.05% (FY25) |
| ROCE | 26.76% (Nov 2025) / 38.30% (FY25) |
| RoNW | 21.94% (Nov 2025) / 27.47% (FY25) |
| PAT Margin | 3.33% (Nov 2025) / 1.75% (FY25) |
| EBITDA Margin | 4.12% (Nov 2025) / 2.42% (FY25) |
| EPS | ₹9.27 (pre) / ₹10.67 (post) |
| NAV per share | N/A |
| Debt to Equity | Very low (₹0.08 Cr borrowings as of Nov 2025) |
| P/E Ratio | 8.41x (pre) / 7.31x (post) |
| Industry P/E | 15–30x (HR/staffing services) |
Company Financial Data
| Period | Assets | Total Income | PAT | EBITDA | Net Worth | Borrowings |
|---|---|---|---|---|---|---|
| 31 Mar 2025 | ₹36.06 Cr | ₹283.69 Cr | ₹5.02 Cr | N/A (but margin 2.42%) | N/A | Low |
| 30 Nov 2025 | ₹43.72 Cr | ₹154.23 Cr | ₹5.13 Cr | ₹6.34 Cr | ₹23.39 Cr | ₹0.08 Cr |
Grey Market Premium
| GMP Price | ₹0 (~0%) |
| Kostak Rate | N/A |
| Subject to Sauda | N/A |
| Last Updated | Feb 2026 |
| Estimated Listing Price | ₹78 (flat; actual listed at ₹78.35, +0.44% premium) |
IPO Subscription Data
| Total Subscription | 11.85x (final) |
| QIB (Ex Anchor) | 6.57x |
| HNI Subscription | 25.41x (NII overall) |
| Retail Subscription | 8.99x–9.4x |
| Anchor | - |
IPO Intermediaries
Registrar: Maashitla Securities Pvt.Ltd.
Registrar Website: https://maashitla.com/allotment-status/public-issues
IPO Lead Manager(s)
Company Information
Address: A - 42/03, Second floor, Sector-62, Gautam Buddha Nagar, Noida, Uttar Pradesh, 201301
Website: http://www.panhr.in/
Email: cscompliance@panhr.in
Phone: +91 74288 52201
IPO Documents
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