PAN HR Solutions IPO is a book-built issue IPO, aiming to raise ₹17.04 crore. It comprises a fresh issue of 0.18 crore equity shares aggregating to ₹14.04 crore and an offer for sale of 0.04 crore equity shares amounting to ₹3.00 crore. The bidding window was open from February 6, 2026, to February 10, 2026, with the IPO allotment expected to be finalised on February 11, 2026. PAN HR Solutions is scheduled to list on the BSE SME on February 13, 2026.
The IPO was priced at ₹74–₹78 per share with a lot size of 1,600 shares. The public issue received bids for 1,50,16,000 shares against 12,67,200 shares available, resulting in an overall subscription of 11.85 times. NIIs led the response, subscribing 25.41 times their quota, followed by retail investors at 8.99 times and QIBs (excluding anchor investors) at 6.57 times.
PAN HR Solutions’ ₹17.04 crore IPO, priced at ₹74–₹78 per share, was subscribed 11.85 times overall. The IPO consists of a fresh issue of 0.18 crore equity shares aggregating to ₹14.04 crore and an offer for sale of 0.04 crore equity shares amounting to ₹3.00 crore.
Bidding took place from February 6 to February 10, 2026, with the PAN HR Solutions IPO allotment status expected on February 11, 2026. Retail investors subscribed 8.99 times, while NIIs subscribed 25.41 times and listing is expected on February 13, 2026.
The table below breaks down the PAN HR Solutions share allocation for different categories, highlighting the number of shares and their percentage of the total issue. However, the key focus remains on the quotas allocated to retail investors and HNIs, as they are the most relevant for individual investors.
| Investor Category | Shares Offered |
| Market Maker Shares Offered | 3,79,200 (17.36%) |
| QIB Shares Offered | 8,97,600 (41.10%) |
| − Anchor Investor Shares Offered | 5,37,600 (24.62%) |
| − QIB (Ex. Anchor) Shares Offered | 3,60,000 (16.48%) |
| NII (HNI) Shares Offered | 2,73,600 (12.53%) |
| − bNII > ₹10L | 1,55,400 (7.12%) |
| − sNII < ₹10L | 91,200 (4.18%) |
| Retail Shares Offered | 6,33,600 (29.01%) |
Data Source: BSE
| Category | Subscription (times) |
| Qualified Institutional Buyers (QIB) | 6.57 |
| Non-Institutional Investors (NII) | 25.41 |
| Retail Individual Investors (RII) | 8.99 |
| Total | 11.85 |
Note: The subscription details are as of February 10, 2026
PAN HR Solutions Limited was incorporated in 2015 and operates in the human resource services segment, offering manpower, staffing, payroll, and compliance-related solutions. The company functions on a B2B model and provides workforce solutions across multiple industries, catering to roles ranging from unskilled to skilled blue-collar workers.
The company offers an end-to-end HR service portfolio that includes recruitment, payroll management, staffing services, and compliance audits. Its payroll services are structured to ensure adherence to statutory requirements such as Employees’ Provident Fund, ESIC regulations, and professional tax, helping client organisations manage workforce compliance efficiently.
PAN HR Solutions also provides facility management services, supplying housekeeping staff, office assistants, pantry staff, and other support personnel. In addition, the company offers staffing solutions for logistics and e-commerce operations, including deployment of delivery personnel and related roles.
As of November 30, 2025, the company had employed 10,374 personnel deployed across various client locations. Promoted by Rajeev Kumar and Rajni Kumari, PAN HR Solutions focuses on leveraging its workforce scale, compliance expertise, and diversified service offerings to support its long-term growth strategy in the organised HR services sector.
Know more about IPO allotment status and check your application details online for the latest updates on share allocation.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Feb 10, 2026, 6:25 PM IST
Akshay Shivalkar
Akshay Shivalkar is a financial content specialist who strategises and creates SEO-optimised content on the stock market, mutual funds, and other investment products. With experience in fintech and mutual funds, he simplifies complex financial concepts to help investors make informed decisions through his writing.
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