PAN HR Solutions
CLOSEDIPO Date: 6 Feb - 10 Feb 2026
Listing Date: 13 Feb 2026
Price Range
Rs.74 - Rs.78
Issue Size
17 Cr
Min Investment
₹1,18,326
Lot Size
1599 Shares
Schedule of PAN HR Solutions
Issue open date
6 Feb 2026
Issue close date
10 Feb 2026
UPI mandate deadline
10 Feb 2026 (5 PM)
Allotment finalization
11 Feb 2026
Share credit
12 Feb 2026
Listing date
13 Feb 2026
Mandate end date
25 Feb 2026
Issue size
| Funds Raised in the IPO | Amount |
|---|---|
| Overall | 17 Cr |
| Fresh Issue | 14.04 Cr |
| Offer for Sale | 3 Cr |
Allotment DetailsNew
| Allotment Timeline | Details |
|---|---|
| Allotment Date | 11 Feb 2026 |
| Allotment Link | {Link} |
Grey Market PremiumNew
Grey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.
| Date | Ipo Price | GMP | Estimated Listing Price |
|---|---|---|---|
| 12 Feb 2026 | ₹78 | ₹0 | ₹78 (0%) |
| 9 Feb 2026 | ₹78 | ₹0 | ₹78 (0%) |
| 8 Feb 2026 | ₹78 | ₹0 | ₹78 (0%) |
| 7 Feb 2026 | ₹78 | ₹0 | ₹78 (0%) |
| 5 Feb 2026 | ₹78 | ₹0 | ₹78 (0%) |
| 4 Feb 2026 | ₹78 | ₹0 | ₹78 (0%) |
| 3 Feb 2026 | ₹78 | ₹0 | ₹78 (0%) |
Performance PAN HR Solutions
| Issue Price | Listing Gain | Current Market Price | P/L |
|---|---|---|---|
| Rs.74 - Rs.78 | ₹ 139 (0.45%) | ₹ 68.7 | -11.92% |
About PAN HR Solutions
Pan HR Solution Limited is a B2B company engaged in providing manpower and human resource–related services across multiple sectors. The company offers manpower services covering unskilled to skilled blue-collar workers, along with payroll services, staffing solutions, facility management, compliance audit, and e-commerce logistics support. As part of its facility management services, it supplies personnel such as housekeeping staff, pantry boys, office assistants, and other support staff. Pan HR Solution operates primarily under a ‘Collect and Pay’ model, where it invoices clients for services and disburses payments to deployed personnel. As of November 30, 2025, the company had 10,374 personnel deployed at client locations. Pan HR Solution operates on a pan-India basis and serves customers across sectors, including e-commerce, logistics, manufacturing, and information technology. The company was incorporated in 2015 in Uttar Pradesh and was converted into a public limited company in 2025.
| Founded in | 2015 |
| Managing director | Mr Rajeev Kumar |
| Parent organization |
Financial Overview
Strengths
- Pan-India presence with a large, scalable on-ground workforce.
- Diversified service mix covering staffing, payroll, compliance, and facility management.
- Strong exposure to high-growth sectors like e-commerce and logistics.
- Integrated end-to-end workforce solutions supporting client retention.
- Experienced promoters with a long operating track record in HR services.
Risks
- High revenue dependence on a limited number of large customers.
- Significant geographic concentration in Delhi, Haryana, and Uttar Pradesh.
- Exposure to labour law, compliance, and employee-related regulatory risks.
- Negative operating cash flows in certain past periods.
- Business sensitivity to downturns in key client industries, such as e-commerce.
Subscription Figures
| Category | Subscription (No. of times) |
|---|---|
| Qualified Institutional Buyers (QIBs) | 3.52 |
| Non-Institutional Investors (NIIs) | 0.01 |
| Retail Individual Investors (RIIs) | 0.11 |
| Employee | N/A |
| Total | 0.81 |