PAN HR Solution Limited is a B2B manpower solutions company providing end-to-end human resource and workforce management services across India. The company caters to a wide spectrum of workforce requirements, ranging from unskilled to skilled blue-collar personnel, serving clients across multiple industries.
The company operates on a B2B operating model and delivers comprehensive manpower solutions designed to streamline hiring processes, reduce administrative burdens, and ensure statutory compliance for its clients. PAN HR Solution positions itself as a one-stop provider of integrated HR services, offering customized solutions aligned with client requirements.
PAN HR Solution provides a complete suite of workforce management services, including recruitment, payroll management, compliance auditing, facility management, and staffing solutions, enabling seamless workforce deployment and management.
Key Service Offerings:
- Manpower Services: Recruitment and deployment of workforce across multiple industries to meet operational needs.
- Payroll Services: End-to-end payroll management with compliance under EPF, ESIC, Professional Tax, and other labour laws.
- Facility Management Services: Supply of housekeeping staff, pantry staff, office assistants, and other support personnel.
- Staffing Solutions: Staffing for various operational roles, including delivery personnel, especially for e-commerce and logistics sectors.
- Compliance Audit Services: Independent audits to ensure adherence to labour laws and maintenance of statutory records.
As of November 30, 2025, PAN HR Solution Limited had 10,374 personnel deployed and working at various client locations across India.
PAN HR Solutions IPO – Details
| IPO Opening Date | 06 February 2026 |
| IPO Closing Date | 10 February 2026 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue: 21,84,000 Shares Worth ₹17.04 Crore Fresh Issue: 18,00,000 Shares Worth ₹14.04 Crore Offer For Sale: 3,84,000 Shares Worth ₹3.00 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹74 – ₹78 per share |
| Market Lot | 1600 Shares |
| Min Order | 1600 Shares [ 1 Lot ] |
| Listing At | BSE SME |
| Registrar | Maashitla Securities Pvt. Ltd. |
| QIB Shares Offered | 50% |
| NII Shares Offered | 15% |
| Retail Shares Offered | 35% |
PAN HR Solutions IPO – Date Schedule
| IPO Open Date | 06 February 2026 |
| IPO Close Date | 10 February 2026 |
| Basis of Allotment | 11 February 2026 |
| Initiation of Refund | 12 February 2026 |
| Credit of Shares to Demat | 12 February 2026 |
| IPO Listing Date | 13 February 2026 |
| Cut-off time for UPI mandate confirmation | 5 PM on February 10, 2026 |
PAN HR Solutions IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 3200 | ₹2,49,600 |
| Retail (Max) | 2 | 3200 | ₹2,49,600 |
| S-HNI (Min) | 3 | 4800 | ₹3,74,400 |
| S-HNI (Max) | 8 | 12800 | ₹9,98,400 |
| B-HNI (Min) | 9 | 14400 | ₹11,23,200 |
Competitive Strength
- Extensive Workforce Deployment.
- Strong Compliance and Regulatory Expertise.
- Experienced Leadership and Management Team.
- Comprehensive Service Portfolio.
Company Promoters
- Rajeev Kumar
- Rajni Kumari
Company Financials
| Period | Total Revenue | Total Expense | Profit After Tax | Total Borrowings |
|---|---|---|---|---|
| 31 March 2023 | ₹256.36 Cr | ₹250.99 Cr | ₹3.88 Cr | ₹0.60 Cr |
| 31 March 2024 | ₹281.92 Cr | ₹276.28 Cr | ₹4.20 Cr | ₹0.03 Cr |
| 31 March 2025 | ₹283.69 Cr | ₹276.76 Cr | ₹5.02 Cr | – |
| 30 November 2025 | ₹154.23 Cr | ₹147.97 Cr | ₹5.13 Cr | ₹0.08 Cr |
Key Performance Indicator
| KPI | Values (Nov 30, 2025) |
|---|---|
| ROE | 24.64% |
| ROCE | 26.76% |
| RoNW | 21.94% |
| PAT Margin | 3.33% |
| EBITDA Margin | 4.12% |
| Price to Book Value | 2.11 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 9.27 | 10.67 |
| P/E (x) | 8.41 | 7.31 |
Object Of The Issue
| Objects of the Issue | Expected Amount (in Crore) |
|---|---|
| Funding working capital requirements of the Company. | ₹9.75 |
| Pre-payment or repayment of certain outstanding borrowings availed by the Company. | – |
| General corporate purposes. | – |
✅Strengths
- One-stop HR & manpower solutions provider.
- PAN-India presence with large workforce deployment.
- Asset-light and scalable business model.
- Diversified client industries.
- Experienced promoters and strong compliance framework.
⚠️Risks
- Highly regulated, labour-law dependent business.
- Working-capital intensive operations.
- Client concentration risk.
- Low-margin, highly competitive industry.
- Dependence on key management.
PAN HR Solutions IPO Promoter Holding
| Pre-Issue Share Holding | 90.92% |
| Post Issue Share Holding | – |
PAN HR Solutions IPO Prospectus
Company Contact Information
| PAN HR Solutions Ltd. A – 42/03, Second floor, Sector-62, Gautam Buddha Nagar Noida, Uttar Pradesh, 201301 Phone: +91 74288 52201 Email: cscompliance@panhr.in Website: https://www.panhr.in/ |
PAN HR Solutions IPO Registrar
| Maashitla Securities Pvt.Ltd. Phone: +91-11-45121795-96 Email: investor.ipo@maashitla.com Website: https://maashitla.com/allotment-status/public-issues |
PAN HR Solutions IPO Lead Manager(s)
| 1. Marwadi Chandarana Intermediaries Brokers Private Limited |
PAN HR Solutions IPO FAQ
| What is the PAN HR Solutions IPO? PAN HR Solutions IPO is an SME IPO. The issue is priced at ₹74 – ₹78 per equity share. The IPO is to be listed on BSE SME. |
| When will PAN HR Solutions IPO open? The IPO is to open on 06 February 2026 for QIB, NII, and Retail Investors. |
| What is PAN HR Solutions IPO Investors’ Portion? The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| What is the PAN HR Solutions IPO Size? PAN HR Solutions IPO size is ₹17.04 Crore. |
| What are the PAN HR Solutions IPO Minimum and Maximum Lot Sizes for Retail Investors? The minimum bid is 3200 Shares for ₹2,49,600, while the maximum bid is 3200 Shares for ₹2,49,600. |
| What is the PAN HR Solutions IPO Allotment Date? PAN HR Solutions IPO allotment date is 11 February 2026. |
| What is the PAN HR Solutions IPO Listing Date? PAN HR Solutions IPO listing date is 13 February 2026. The IPO is to be listed on the BSE SME. |
