PAN HR Solutions SME IPO
PAN HR Solutions IPO — date, price band, lot size & details 2026
PAN HR Solutions listed on 13 Feb 2026 at ₹78.35, 0.4% above the ₹78 issue price.
PAN HR Solutions IPO is a small‑cap issue by a B2B human resources and staffing company that offers manpower, payroll, facility management and compliance services to various industries. The IPO, priced between ₹74–₹78 per share, aimed to raise around ₹17 crore and received strong subscription before listing. Shares are slated to debut on the BSE SME, giving investors a chance to own a part of its growth in HR services.
Stock price
PAN HR Solutions is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening 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
Issue summary
The terms of the offer, as filed.
| IPO Dates | 6 to 10 Feb, 2026 |
|---|---|
| Price Band | ₹74 – ₹78 |
| Face Value | ₹10 |
| Lot Size | 1600 Shares |
| Issue Size | ₹14.04 Cr. Cr |
| Sale Type | Fresh capital cum OFS |
| Listing On | BSE SME |
| Registrar | Maashitla Securities Private Limited |
| Min Investment | ₹ 2,49,600 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 1600 shares at the ₹78 cut-off. The SME retail application is a fixed 2 lots; HNI starts at 3.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 2 | 3,200 | ₹2,49,600 |
| Retail (max) | 2 | 3,200 | ₹2,49,600 |
| HNI (min) | 3 | 4,800 | ₹3,74,400 |
Three years of numbers
All figures in ₹ crore, as reported in the PAN HR Solutions offer document.
| Metric | 30 Nov 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 43.72 | 36.06 | 42.31 | 37.07 |
| Total Income | 154.23 | 283.69 | 281.92 | 256.36 |
| Profit After Tax | 5.13 | 5.02 | 4.20 | 3.88 |
| EBITDA | 6.34 | 6.86 | 5.19 | 5.37 |
| NET Worth | 23.39 | 18.26 | 14.04 | 12.14 |
| Reserves and Surplus | 17.98 | 18.24 | 14.02 | 12.12 |
| Total Borrowing | 0.08 | 0.03 | 0.60 |
See how this IPO compares — view listing performance of all SME IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the PAN HR Solutions RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.
PAN HR Solutions IPO Valuation
How the issue prices the company before and after the fresh shares are created.
| Valuation Metric | Post-Issue |
|---|---|
| EPS (₹) | ₹10.67 |
| P/E Ratio (x) | 7.31 |
| Market Cap at Offer Price (₹ Cr) | ₹37.50 |
Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹78 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.
Where the money goes
₹9.75 Cr of the issue is earmarked to named objects.
About the company
The company provides a range of services including recruitment, payroll management, compliance handling, and staffing solutions. Its business model is largely service-driven, generating revenue through client contracts and long-term engagements. PAN HR Solutions focuses on maintaining strong client relationships and operational efficiency, which helps in recurring business and scalability. With increasing demand for organised HR services, the company continues to strengthen its position in the domestic market.
Interested in this IPO? Check the live subscription status or browse all upcoming SME IPOs.
+91 74288 52201
The bankers & the filings
Who is running the book, and the documents this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Marwadi Chandarana Intermediaries Pvt.Ltd.
3 issues handled2 of their issues have listed so far, and 2 opened above the issue price (average +9.5%). That is too small a sample to read as a hit rate.
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of PAN HR Solutions?
The current Grey Market Premium is ₹0.
What is the PAN HR Solutions IPO price band?
₹74 to ₹78, on a face value of ₹10.
When is the allotment?
The basis of allotment is 11 February 2026, with listing on 13 February 2026.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — Maashitla Securities Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every SME and Mainboard issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
