PAN HR Solutions IPO Subscription Status
PAN HR Solutions IPO was subscribed 9.51 times when bidding closed on 10 Feb 2026: QIB 6.57x, NII 11.25x, Retail 9.4x.
The PAN HR Solutions IPO has been subscribed 9.51x times overall. Retail investors have shown interest with bids for 9.4x the shares available. The Non-Institutional Investor (NII) category has been subscribed 11.25x. Within NII, Big HNI (B-HNI) subscribed 33.73x and Small HNI (S-HNI) subscribed 13.04x. Qualified Institutional Buyers (QIBs) have subscribed 6.57x. Data last updated on 25 Aug, 12:55 PM.
The IPO subscription period has ended. The issue opened on 06 Feb, 2026 and closes on 10 Feb, 2026. The shares are expected to list on stock exchanges on 13 Feb, 2026.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Live bidding
Shares bid against shares offered, category by category, as published by the exchanges. Switch to Detailed for the exchange's own sub-category rows.
| Category | Bid details | Times |
|---|---|---|
| QIB | 23,64,800 of 3,60,000 3 applications | 6.57x |
| NII | 73,40,800 of 6,52,800 647 applications | 11.25x |
| Retail | 59,55,200 of 6,33,600 1,861 applications | 9.4x |
| TOTAL | 1,56,60,800 2,511 applications | 9.51x |
Subscription insights
What the current book is saying, read off the category numbers above.
Retail Allotment
Subscription is above 1x. While a lottery is guaranteed, your probability of allotment is approximately 10.6% for a single lot.
Institutional Backing
Massive institutional interest with QIBs subscribing 6.57x. This often signals long-term confidence from professional funds.
Day-wise subscription history
End-of-day subscription across the 3-day bidding window. On phones, tap a day for the category split.
| Date | Total | ||
|---|---|---|---|
|
10 Feb 2026
Day 3 |
9.51x | ▼ | |
|
QIB6.57x
NII11.25x
Retail9.40x
|
|||
|
09 Feb 2026
Day 2 |
1.32x | ▼ | |
|
QIB3.52x
NII0.8x
Retail0.62x
|
|||
|
06 Feb 2026
Day 1 |
0.81x | ▼ | |
|
QIB3.52x
NII0.01x
Retail0.11x
|
|||
PAN HR Solutions SME IPO dates
From the bidding window to listing. Today is 3 October.
- Open 06 Feb 2026
- Close 10 Feb 2026
- Allotment 11 Feb 2026
- Refund/credit 12 Feb 2026
- Listing 13 Feb 2026
PAN HR Solutions IPO allotment probability
Your odds of an allotment in each category at the current subscription.
Odds marked with applicant counts are computed from the exchange's actual application data (applicants ÷ allotment slots); others assume minimum-size bids at the current subscription multiple. Retail and HNI allotment is by SEBI-mandated lottery of the minimum application when oversubscribed; QIB allotment is proportionate. Numbers move until subscription closes. This is not investment advice.
What does this subscription data mean?
IPO subscription data tells you how much demand exists for the shares being offered, broken down by investor category. Understanding each category helps you gauge the real sentiment behind the numbers:
- 01 QIB (Qualified Institutional Buyers) — includes mutual funds, FIIs, insurance companies, and banks. QIBs do deep due diligence before bidding. A QIB subscription above 10x is a strong institutional endorsement. Watch QIB numbers closely on the final day — they often hold back and flood in after 3 PM.
- 02 NII / HNI (Non-Institutional Investors) — high-net-worth individuals bidding above ₹2 lakh. NII allotment is proportionate (not lottery), so higher NII subscription means smaller per-lot allotment. Big HNI (B-HNI) bids above ₹10 lakh; Small HNI (S-HNI) bids ₹2–10 lakh.
- 03 Retail — individual investors bidding up to ₹2 lakh. When retail is below 1x, everyone who applied gets full allotment. When oversubscribed, SEBI mandates a computerised lottery — only 1 lot per successful applicant regardless of how many lots you apply for.
- 04 Overall Subscription — a blended multiple across all categories. A total subscription above 10x is considered strong; above 50x is exceptional and usually predicts strong listing gains.
Data sourced from BSE/NSE. Subscription numbers are updated during market hours (10 AM – 5 PM IST) on active subscription days.
Frequently asked
What is the current subscription status of PAN HR Solutions IPO?
As of IPO close date (10 Feb, 2026), the PAN HR Solutions IPO is subscribed 9.51x times. Retail category is 9.4x, and NII is 11.25x subscribed.
When is the allotment date for PAN HR Solutions IPO?
The allotment for PAN HR Solutions IPO is expected to be finalized on 11 February, 2026.
When will PAN HR Solutions IPO list on the stock market?
PAN HR Solutions is scheduled to list on BSE and NSE on 13 February, 2026.
What are the chances of getting allotment in PAN HR Solutions IPO?
The retail category is oversubscribed at 9.4x, meaning allotment is by lottery. Statistically, approximately 1 in 10 applicants will receive allotment. Applying with multiple family member accounts (each at minimum lot size) improves your cumulative odds.
What does QIB subscription of 6.57x mean for PAN HR Solutions IPO?
Moderate — QIBs have subscribed 6.57x. Institutional demand is present but not overwhelming. Watch for any last-minute QIB surge on the final day.
How to check PAN HR Solutions IPO allotment status?
After the allotment date (11 Feb, 2026), you can check your PAN HR Solutions IPO allotment status on IPO Guru's allotment checker, on the BSE/NSE website using your PAN or application number, or through your broker's app.
Explore PAN HR Solutions SME IPO further
Track every stage of this IPO, from subscription to listing.
It has listed — go back to the fundamentals.
Live grey market premium, Kostak and Subject to Sauda, with the day-wise trend.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
Subscription moves by the hour. Get it on your phone.
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Not investment advice. Subscription figures are as published by BSE/NSE and change until bidding closes.
