SME
IPO ·
BSE SME
PAN HR Solutions Ltd
Listed
Incorporated in 2015, PAN HR Solutions offers human resource, staffing, payroll, facility management, compliance audits, and e-commerce logistics services.
Issue details
Price band
₹74 – ₹78
Face value
₹10
Lot size
1,600 shares
Minimum investment
₹2,49,600
Issue size
₹17.04 Cr
Fresh issue
₹11.08 Cr
Offer for sale
₹3.00 Cr
Issue type
Book Built
Exchange
BSE SME
Key dates
Opens
6 Feb 2026
Closes
10 Feb 2026
UPI mandate cut-off
5:00 PM on 10 Feb 2026
Allotment
11 Feb 2026
Refunds
12 Feb 2026
Shares in demat
12 Feb 2026
Listing
13 Feb 2026
Subscription and listing
Subscription
8.88x
Listing price
₹78.35
Registrar
Maashitla Securities Pvt Ltd
Lead manager
Marwadi Chandarana Intermediaries Brokers
Subscription by category
Total
8.88x
Total applications
2,506
Anchor investors
Amount raised
₹4.19 Cr
Bid date
5 Feb 2026
50% lock-in ends
14 Mar 2026
Rest lock-in ends
14 May 2026
Listing day
Issue price
₹78
Open
₹78.35
High
₹80.00
Low
₹78.00
Day close
₹78.01
Listing gain at open
+0.45%
Issue structure
Shares reserved per category and share of the total issue
QIB Shares Offered
8,97,600
41.10%
Anchor Investor Shares Offered
5,37,600
24.62%
QIB (Ex. Anchor) Shares Offered
3,60,000
16.48%
NII Shares Offered
2,73,600
12.53%
bNII > ₹10L
1,82,400
8.35%
sNII < ₹10L
91,200
4.18%
Retail Shares Offered
6,33,600
29.01%
Market Maker Shares Offered
3,79,200
17.36%
Total Shares Offered
21,84,000
100.00%
Finaccle’s quick read
Avoid
FY25 income up 1%, PAT up 20%, ROE 24.64%, post-issue P/E 7.31x.
A rules-based screen of growth, margins, debt and valuation, built from the offer document and data on Chittorgarh.com. It is for information only and is not investment advice or a recommendation to buy or sell. Read the RHP and speak to a SEBI-registered adviser before you apply.
About the company
Incorporated in 2015, PAN HR Solutions offers human resource, staffing, payroll, facility management, compliance audits, and e-commerce logistics services. The company operates on a B2B model and provides comprehensive manpower solutions, catering to a range of roles from unskilled to skilled blue-collar workers. The company offer an end-to-end HR solution including recruitment, payroll management, compliance auditing, facility management, staffing solutions as a one-stop provider. Service offerings: Manpower Services: Recruitment of personnal across various industries.
Founded
Promoters
Promoter holding
Financial performance
Period
PAT
ROE
24.64%
ROCE
26.76%
Debt / equity
—
PAT margin
3.33%
P/E post issue
7.31
Market cap
₹56.25 Cr
Use of IPO money
Funding working capital requirements of the Company
₹9.75 Cr
General Corporate Purposes
₹2.11 Cr
Issue Expenses
₹2.65 Cr
Strengths
✓
PAT up 20% in FY25 to ₹5.02 Cr
✓
ROE of 24.64% and ROCE of 26.76%
Risks to watch
!
Thin PAT margin of 3.33%
!
SME platform: large lot size and thinner trading liquidity
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Last updated:
Information is compiled from exchange notices and the company’s offer document. It is for general information only and is not investment advice or a recommendation to apply. Read the prospectus before investing.