- Issue price
- ₹78per share
- Issue size
- ₹17.04 Cr21,84,000 shares
- Face value
- ₹10per equity share
- Lot size
- 1,600 sharesMin. ₹1.25 L at the upper price
- Anchor biddingThu, 2026
- OpensFri, 2026
- ClosesTue, 2026
- AllotmentWed, 2026
- ListingFri, 2026
Dates marked in the offer document as tentative. Times in IST.
Information only, not investment advice. This page provides information compiled from official offer documents for information purposes only. It is not investment advice or a recommendation to apply for, buy or sell any security. We are not a SEBI-registered investment adviser or research analyst. Investments in IPOs are subject to market risks; read the offer document carefully before investing.
Issue details
- Issue type
- Book built, fresh issue and offer for sale
- Fresh issue
- 18,00,000 shares (₹14.04 Cr)
- Offer for sale
- 3,84,000 shares (₹3 Cr)
- Total issue
- 21,84,000 shares (₹17.04 Cr)
- Market maker portion
- 3,79,200 shares
- Face value
- ₹10
- Listing at
- BSE SME
- Promoter holding
- 90.91% → 62.90%
Source: ProspectusUpdated
Reservation
Share of the total issue- Retail29.0%
- Anchor24.6%
- QIB ex-anchor16.5%
- NII12.5%
- Market maker17.4%
| Category | Shares | Of net offer | Stated in RHP |
|---|---|---|---|
| Retail individual investors | 6,33,600 | 35.11% | 35% |
| Non-institutional investors (NII) | 2,73,600 | 15.16% | 15% |
| Qualified institutional buyers (QIB) | 8,97,600 | 49.73% | 50% |
| QIB, excluding anchor | 3,60,000 | 19.95% | — |
| Anchor investors | 5,37,600 | 29.79% | — |
| Market maker | 3,79,200 | — | — |
Source: ProspectusUpdated
Lot size
Amounts at ₹78 per share| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail individual investors | 2 | 3,200 | ₹2.5 L |
Source: ProspectusUpdated
Subscription
Category-wise subscription is published by the exchanges while the issue is open. It appears here once the figures are added.
Valuation
FY 2024-25, pre-issue- EPS (basic)
- ₹10.17
- NAV per share (Period ended November 30, 2025)
- ₹43.23
- RoNW (Period ended November 30, 2025)
- 21.94%
Source: ProspectusUpdated
Financials
Consolidated, restated · ₹ crore| Period ended | 30 Nov 20258 months | 31 Mar 2025FY 2024-25 | 31 Mar 2024FY 2023-24 | 31 Mar 2023FY 2022-23 |
|---|---|---|---|---|
| Revenue from operations | 153.99 | 283.19 | 281.08 | 256.10 |
| Total income | 154.23 | 283.69 | 281.92 | 256.36 |
| EBITDA | 6.34 | 6.86 | 5.19 | 5.37 |
| Profit after tax | 5.13 | 5.02 | 4.20 | 3.88 |
| Net worth | 23.39 | 18.26 | 14.04 | 12.14 |
| Total borrowing | 0.08 | 0.00 | 0.03 | 0.60 |
FY 2024-25 vs FY 2023-24: revenue +0.8%, profit after tax +19.3%. Periods shorter than 12 months are shown as reported and are not annualised.
Source: ProspectusUpdated
About the company
The company provides manpower, staffing, payroll, facility management and compliance audit services on a B2B basis, mainly to e-commerce, logistics, manufacturing and IT customers across India. It deploys non-core personnel at client locations and is moving toward a pay-and-collect billing model.
- Incorporated
- 2015
- Industry
- Human Resource Services
- CIN
- U74120UP2015PLC075271
- Website
- panhr.in
Source: ProspectusUpdated
Promoters and shareholders
| Name | Type | Before issue | After issue | Shares offered |
|---|---|---|---|---|
| Rajeev Kumar | Promoter | 49.63% | 37.24% | 0 |
| Rajni Kumari | Promoter | 40.82% | 25.31% | 3,84,000 |
| Antara Choudhary | Promoter group | 0.46% | 0.35% | 0 |
Source: ProspectusUpdated
Objects of the issue
₹ crore| Purpose | Amount |
|---|---|
| Funding working capital requirements | 9.75 |
| General corporate purposes | 2.11 |
Source: ProspectusUpdated
Strengths and risks
Our summary of what the offer document statesStrengths
- Serves a broad customer base across staffing, payroll, facility management and compliance services.
- Large deployed workforce of about 10,374 non-core personnel as of November 2025.
- Pan-India presence with concentration in Haryana, Uttar Pradesh and Delhi.
- Promoters have around ten years of experience in the HR industry.
Risks
- Revenue is highly concentrated, with top 10 customers contributing about 99.86% of revenue in the period ended November 30, 2025.
- Significant revenue dependence on Delhi, Haryana and Uttar Pradesh.
- Heavy reliance on e-commerce sector demand for most revenue.
- Shift to a pay-and-collect model will raise working capital needs.
Source: ProspectusUpdated
Documents
Contacts
Source: ProspectusUpdated
Allotment status
Check whether shares were allotted on the official pages below, using your PAN, application number or DP/client ID. Results appear once the basis of allotment is finalised.
- Allotment
- Refunds
- Demat credit
- Listing
Source: ProspectusUpdated
After listing
Listing price, day-one high and low, and the change from the issue price (₹78) appear here after the shares list on BSE SME.
Work out the gain or loss on allotted shares after charges and tax →
Frequently asked questions
When does the Pan HR Solution IPO open and close?
According to the Prospectus, the issue opens on Friday, 6 February 2026 and closes on Tuesday, 10 February 2026.
What is the Pan HR Solution IPO price band?
The final issue price is ₹78 per share.
What is the lot size of the Pan HR Solution IPO?
One lot is 1,600 shares, which is ₹1.25 L at ₹78 per share.
Where will Pan HR Solution shares list?
On BSE SME. The tentative listing date is Friday, 13 February 2026.
Who is the registrar of the issue?
Maashitla Securities Private Limited (SEBI registration INR000004370). Allotment status is checked on the registrar's website.
How do I check the Pan HR Solution IPO allotment status?
The basis of allotment is expected to be finalised on Wednesday, 11 February 2026. After that, search by PAN, application number or DP/client ID on the registrar's website (Maashitla Securities Private Limited) or the BSE website. Shares that are allotted are credited to your demat account; for an application that is not allotted, the blocked amount is released.
How will the money raised be used?
₹9.75 Cr for funding working capital requirements, ₹2.11 Cr for general corporate purposes.
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Spotted something wrong?
Our data comes from official offer documents, but mistakes can slip through. Report an error and tell us which figure looks wrong and where you saw the correct one (the offer-document page number helps). For anything else, see Contact.