What is the GMP of PAN HR Solutions IPO today?

The Grey Market Premium (GMP) for PAN HR Solutions IPO is currently ₹0. With an upper price band of ₹78, the estimated listing price is ₹78 per share, reflecting an expected listing gain of ~0%. Grey market premiums can fluctuate based on market sentiment and subscription demand.

What is the price band and lot size for PAN HR Solutions IPO?

The price band for PAN HR Solutions IPO is ₹74 to ₹78 per equity share. The minimum lot size is 1600 shares, which requires a minimum retail application investment of ₹1,24,800.

What are the important dates for PAN HR Solutions IPO?

PAN HR Solutions IPO opens for subscription on 2026-02-06T00:00:00 and closes on 2026-02-10T00:00:00. The basis of allotment is scheduled for 2026-02-11T00:00:00, and shares are expected to list on 2026-02-13T00:00:00 on BSE, NSE.

How can I check the allotment status for PAN HR Solutions IPO?

You can check PAN HR Solutions IPO allotment status on the registrar's official portal (Maashitla Securities Pvt Ltd) or through the official BSE and NSE IPO allotment status pages using your PAN number or Application number.

How to apply for PAN HR Solutions IPO?

Investors can apply for PAN HR Solutions IPO online through ASBA (Application Supported by Blocked Amount) via their internet banking account, or via UPI using authorized stockbroking platforms like Zerodha, Groww, Angel One, and Upstox.

When does the PAN HR Solutions IPO open and close?

The IPO opens on 6 Feb 2026, and closes on 10 Feb 2026.

What is PAN HR Solutions IPO price band?

The issue price band is ₹74.00 to ₹78.00 per equity share.

What is the PAN HR Solutions IPO lot size?

The minimum lot size is 1600 shares per application.

What is the PAN HR Solutions IPO allotment date?

The allotment is scheduled on 11 Feb 2026.

PAN HR Solutions IPO Details - Dates, Price Band, Issue Size

All IPOs

Issue Size

17.04 Cr

Price Band

₹74.00 - ₹78.00

Lot Size

1600 Shares

Min Investment

₹2,49,600

GMP

₹0

Subscription

11.85x

₹117.12 Cr

06 Feb 2026

IPO Opens

COMPLETED

10 Feb 2026

IPO Closes

COMPLETED

11 Feb 2026

Basis of Allotment

COMPLETED

12 Feb 2026

Refunds

COMPLETED

12 Feb 2026

Demat Credit

COMPLETED

13 Feb 2026

Listing

COMPLETED

IPO Timeline

IPO OpensDONE

06 Feb 2026

IPO ClosesDONE

10 Feb 2026

Basis of AllotmentDONE

11 Feb 2026

RefundsDONE

12 Feb 2026

Demat CreditDONE

12 Feb 2026

ListingDONE

13 Feb 2026

About PAN HR Solutions IPO

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 to raise around ₹17.04 crores via IPO that comprises fresh issue of ₹14.04 crores and offer for sale up to 3,84,000 equity shares with face value of ₹10 each.

PAN HR Solutions IPO price band is ₹74 to ₹78 per share. The retail quota is 35%, QIB is 50%, and HNI is 15%. PAN HR Solutions IPO to list on BSE SME on February 13, 2026. The allotment of PAN HR Solutions IPO date is February 11, 2026.

The company reported revenue of ₹283.69 crores in 2025 against ₹281.92 crores in 2024. The company reported profit of ₹5.02 crores in 2025 against profit of ₹4.20 crores in 2024. As per the financials the IPO investors should apply the IPO for a long term.

IPO Details

PAN HR Solutions IPO Details and Specifications
IPO Date	06 Feb 2026 to 10 Feb 2026
Face Value	₹10 Per Share
Price Band	₹74.00 - ₹78.00
Lot Size	1600 Shares
Total Issue Size	Approx 17.04 Cr 21,84,000 Equity Shares
Fresh Issue	Approx 14.04 Cr 18,00,000 Equity Shares
Offer for Sale	Approx 3.00 Cr 3,84,000 Equity Shares
Retail Portion	35.11%
Sale Type	Offer for sale
Issue Type	Bookbuilding IPO
Listing Date	13 Feb 2026
Listing At	BSE
Total Subscription Amount	₹117.12 Cr

Issue Reservation

Investor Category	Shares Offered	% Net Issue
QIB	8,97,600	49.73%
- Anchor	5,37,600	0.00%
- QIB (Ex. Anchor)	3,60,000	0.00%
NII	2,73,600	15.16%
- bNII > ₹10L	1,82,400	0.00%
- sNII < ₹10L	91,200	0.00%
Retail	6,33,600	35.11%
Total	18,04,800	100.00%

IPO Lot Size

Application	Lots	Shares	Amount
Individual investors (Retail) (Min)	2	3,200	₹2,49,600
Individual investors (Retail) (Max)	2	3,200	₹2,49,600
S-HNI (Min)	3	4,800	₹3,74,400
S-HNI (Max)	8	12,800	₹9,98,400
B-HNI (Min)	9	14,400	₹11,23,200

About Company

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.

Contact Details

PAN HR Solutions Ltd.

A – 42/03, Second floor, Sector-62,

Gautam Buddha Nagar

Noida, Uttar Pradesh, 201301

+91 74288 52201

cscompliance@panhr.in

Visit Website

Registrar

Maashitla Securities Pvt Ltd

+91-11-45121795

investor.ipo@maashitla.com

Lead Managers

Marwadi Chandarana Intermediaries Brokers Pvt Ltd

Day-wise GMP Trend

Date & Time	GMP (₹)	Est. Listing Price	Est. Gain (%)	Est. Profit / Lot (₹)
13-Feb-2026 09:30 AM	+₹0	₹78	+0.00%	₹0
12-Feb-2026 09:30 AM	+₹0	₹78	+0.00%	₹0
11-Feb-2026 09:30 AM	+₹0	₹78	+0.00%	₹0
10-Feb-2026 09:30 AM	+₹0	₹78	+0.00%	₹0
09-Feb-2026 09:30 AM	+₹0	₹78	+0.00%	₹0
07-Feb-2026 09:30 AM	+₹0	₹78	+0.00%	₹0
06-Feb-2026 09:30 AM	+₹0	₹78	+0.00%	₹0
05-Feb-2026 09:30 AM	+₹0	₹78	+0.00%	₹0
04-Feb-2026 09:30 AM	+₹0	₹78	+0.00%	₹0
03-Feb-2026 09:30 AM	+₹0	₹78	+0.00%	₹0

Subscription Status

Category	Subscription (x)	Shares Offered	Shares bid for	Total Amount (₹ Cr)
QIB (Ex. Anchor)	6.57x	3,60,000	23,64,800	₹18.45 Cr
NII	25.41x	2,73,600	69,52,000	₹54.23 Cr
bNII > ₹10L	31.65x	1,82,400	57,72,800	₹45.03 Cr
sNII < ₹10L	12.93x	91,200	11,79,200	₹9.20 Cr
Retail	8.99x	6,33,600	56,99,200	₹44.45 Cr
Total	11.85x	12,67,200	1,50,16,000	₹117.12 Cr

Objects of the Issue

01 Funding working capital requirements of the Company : 9.75 Cr
02 General Corporate Purposes : 2.11 Cr
03 Issue Expenses : 2.65 Cr

Company Financials

Period Ended	30 NOV 2025	31 MAR 2025	31 MAR 2024
Total Income	154.23	283.69	281.92
Profit After Tax	5.13	5.02	4.20
EBITDA	6.34	6.86	5.19
NET Worth	23.39	18.26	14.04
Reserves and Surplus	17.98	18.24	14.02
Total Borrowing	0.08	—	0.03

Amount in ₹ Crore

IPO Valuation - KPI

KPI	31 Mar 2025
ROCE	38.30%
Return on Net Worth (RoNW)	27.47%
PAT Margin	1.77%
EBITDA Margin	2.42%
Net Asset Value (NAV)	₹33.55
Net Asset Value (NAV)	₹33.55
Earning Per Share (EPS)	₹10.17
Price/Earning P/E Ratio	-

Peer Comparison

Company Name	EPS (₹)	P/E (x)	NAV (₹)	RoNW (%)	Income (₹ Cr)
Spectrum Talent Management Limited	3.13	24.39	66.38	4.72	1,270.14
Happy Square Outsourcing Services Limited	7.07	8.27	14.84	47.64	97.41
Itcons ESolutions Limited	6.43	63.20	73.80	8.76	5.98

IPO Anchor Investors

Anchor Investors Letter (PDF)

Promoters and Holding Pattern

Rajeev Kumar, Rajni Kumari are the company's promoters of PAN HR Solutions.

Particular	Pre IPO	Post IPO
Promoter and Promoter Group	90.92%	62.90%
Others*	9.08%	37.10%

Strengths

Extensive Workforce Deployment
Strong Compliance and Regulatory Expertise
Experienced Leadership and Management Team
Comprehensive Service Portfolio

Risks

Top Customer Concentration: The top customer accounted for Rs 125.03 crore (81.20 percent) of the company’s revenue for the period ended November 30, 2025; Rs 194.18 crore (68.57 percent) in FY25; Rs 167.25 crore (59.50 percent) in FY24, and Rs 165.14 crore (64.48 percent) in FY23. Failure to retain this key customer, reduction in service volumes, delays or defaults in payments, or loss of business from this client could hurt the company’s business, results of operations, and financial condition
Geographic Concentration (Haryana): Haryana accounted for Rs 30.44 crore (19.77 percent) of the company’s revenue for the period ended November 30, 2025; Rs 49.97 crore (17.64 percent) in FY25; Rs 56.68 crore (20.17 percent) in FY24, and Rs 38.41 crore (15.00 percent) in FY23. Adverse developments in this region, including higher competition, regulatory changes, economic slowdowns, or demographic shifts, could hurt the company’s business, results of operations, and financial condition.
E-commerce Dependency: E-commerce accounted for Rs 131.23 crore (85.22 percent) of the company’s revenue for the period ended November 30, 2025; Rs 241.03 crore (85.11 percent) in FY25; Rs 226.83 crore (80.70 percent) in FY24, and Rs 211.17 crore (82.46 percent) in FY23. Any downturn in the e-commerce industry, loss of customers from this sector, pricing pressures, or substitution of services by competitors could adversely affect the company’s business, results of operations, and financial condition.

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About PAN HR Solutions IPO

IPO Details

PAN HR Solutions IPO Details and Specifications
IPO Date	06 Feb 2026 to 10 Feb 2026
Face Value	₹10 Per Share
Price Band	₹74.00 - ₹78.00
Lot Size	1600 Shares
Total Issue Size	Approx 17.04 Cr 21,84,000 Equity Shares
Fresh Issue	Approx 14.04 Cr 18,00,000 Equity Shares
Offer for Sale	Approx 3.00 Cr 3,84,000 Equity Shares
Retail Portion	35.11%
Sale Type	Offer for sale
Issue Type	Bookbuilding IPO
Listing Date	13 Feb 2026
Listing At	BSE
Total Subscription Amount	₹117.12 Cr

Investor Category

Shares Offered

% Net Issue

QIB

8,97,600

49.73%

- Anchor

5,37,600

0.00%

- QIB (Ex. Anchor)

3,60,000

0.00%

NII

2,73,600

15.16%

- bNII > ₹10L

1,82,400

0.00%

- sNII < ₹10L

91,200

0.00%

Retail

6,33,600

35.11%

Total

18,04,800

100.00%

Application

Lots

Amount

Individual investors (Retail) (Min)

3,200

₹2,49,600

Individual investors (Retail) (Max)

3,200

₹2,49,600

S-HNI (Min)

4,800

₹3,74,400

S-HNI (Max)

12,800

₹9,98,400

B-HNI (Min)

14,400

₹11,23,200

About Company

Contact Details

PAN HR Solutions Ltd.

A – 42/03, Second floor, Sector-62,

Gautam Buddha Nagar

Noida, Uttar Pradesh, 201301

+91 74288 52201

cscompliance@panhr.in

Visit Website

Date & Time

GMP (₹)

Est. Listing Price

Est. Gain (%)

Est. Profit / Lot (₹)

13-Feb-2026 09:30 AM

+₹0

₹78

+0.00%

₹0

12-Feb-2026 09:30 AM

+₹0

₹78

+0.00%

₹0

11-Feb-2026 09:30 AM

+₹0

₹78

+0.00%

₹0

10-Feb-2026 09:30 AM

+₹0

₹78

+0.00%

₹0

09-Feb-2026 09:30 AM

+₹0

₹78

+0.00%

₹0

07-Feb-2026 09:30 AM

+₹0

₹78

+0.00%

₹0

06-Feb-2026 09:30 AM

+₹0

₹78

+0.00%

₹0

05-Feb-2026 09:30 AM

+₹0

₹78

+0.00%

₹0

04-Feb-2026 09:30 AM

+₹0

₹78

+0.00%

₹0

03-Feb-2026 09:30 AM

+₹0

₹78

+0.00%

₹0

PAN HR Solutions IPO Details

About PAN HR Solutions IPO

IPO Details

Issue Reservation

IPO Lot Size

About Company

Day-wise GMP Trend

Objects of the Issue

Company Financials

IPO Valuation - KPI

Peer Comparison

IPO Anchor Investors

Promoters and Holding Pattern

Strengths

Risks

Frequently Asked Questions (FAQ)

When does the PAN HR Solutions IPO open and close?

What is PAN HR Solutions IPO price band?

What is the PAN HR Solutions IPO lot size?

What is the PAN HR Solutions IPO allotment date?

What is the PAN HR Solutions IPO listing date?

What is the minimum investment required in PAN HR Solutions IPO?

Join the discussion

PAN HR Solutions IPO Details

About PAN HR Solutions IPO

IPO Details

Issue Reservation

IPO Lot Size

About Company

Day-wise GMP Trend

Objects of the Issue

Company Financials

IPO Valuation - KPI

Peer Comparison

IPO Anchor Investors

Promoters and Holding Pattern

Strengths

Risks

Frequently Asked Questions (FAQ)

When does the PAN HR Solutions IPO open and close?

What is PAN HR Solutions IPO price band?

What is the PAN HR Solutions IPO lot size?

What is the PAN HR Solutions IPO allotment date?

What is the PAN HR Solutions IPO listing date?

What is the minimum investment required in PAN HR Solutions IPO?

Join the discussion