Here are the important dates you need to know in order to participate in this IPO
Offer Start Date
6th Feb
Offer End Date
10th Feb
Allotment Date
11th Feb
Refund Initiation
12th Feb
Demat Transfer
12th Feb
Listing Date
13th Feb
Incorporated in 2015, PAN HR Solutions is positioned around the provision of integrated human resource and workforce management services in the context of its public issue. The company functions on a business-to-business model, supplying manpower and administrative support solutions to corporate clients across multiple sectors. Its service framework includes recruitment, payroll processing, compliance auditing, facility management, staffing support, and e-commerce logistics assistance. The company caters to a wide spectrum of workforce needs, ranging from unskilled labour to skilled blue-collar personnel, allowing client organisations to address their operational staffing requirements through a single service provider. Its presence extends across different regions in India, enabling it to serve businesses in areas such as e-commerce, logistics, manufacturing, and information technology.
The company’s service offerings are structured to support corporate hiring and workforce management processes. Manpower services involve recruiting personnel across various industries, while payroll services cover statutory compliance related to EPF, ESIC, and professional tax obligations. Facility management services include the deployment of housekeeping staff, pantry assistants, office support personnel, and other operational staff. Additionally, the company undertakes independent compliance audits to assist clients in maintaining regulatory documentation. As of November 30, 2024, it had employed 10,374 personnel working at different client locations, reflecting the scale of its workforce deployment across its business-to-business operations.
| Pre-Issue | Post-Issue | |
|---|---|---|
| Promoter Group | 90.91% | 62.9% |
| Public Group | 9.09% | 37.1% |
| QIB Shares Offered | 3,60,000 (16.48%) |
| NII (HNI) Shares Offered | 2,73,600 (12.53%) |
| Retail Shares Offered | 6,33,600 (29.01%) |
| Anchor Investor Shares Offered | 5,37,600 (24.62%) |
| Total Shares Offered | 21,84,000 |
| Total Shares With Anchor Investor | 21,84,000 |
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 3,200 | ₹2,49,600 |
| Retail (Max) | 2 | 3,200 | ₹2,49,600 |
| S HNI (Min) | 3 | 4,800 | ₹3,74,400 |
| S HNI (Max) | 8 | 12,800 | ₹9,98,400 |
| B HNI (MIN) | 9 | 14,400 | ₹11,23,200 |
| Bid Date | February 05, 2026 |
| Maashitla Securities Pvt Ltd | |
|---|---|
| Phone Number | 011-47581432 |
| Email Id | investor.ipo@maashitla.com |
| Website | www.maashitla.com |
1. Marwadi Chandarana Intermediaries Brokers Pvt Ltd
| March 31, 2025 | March 31, 2024 | March 31, 2023 | |
|---|---|---|---|
| Net Worth | ₹18.15 Cr | ₹14.01 Cr | ₹12.1 Cr |
| Reserves and Surplus | ₹18.13 Cr | ₹13.99 Cr | ₹12.08 Cr |
| Total Borrowing | ₹0 Cr | ₹0.03 Cr | ₹0.6 Cr |
| Category | No. of shares offered | No. of shares bid | Subscription (Times) |
|---|---|---|---|
| Qualified Institutional Buyers (QIBs) | 3,60,000 | 23,64,800 | 6.5689 |
| Non Institutional Investors (NIIs) | 6,52,800 | 73,40,800 | 11.2451 |
| Retail Individual Investors (RIIs) | 6,33,600 | 59,55,200 | 9.399 |
| Total | 16,46,400 | 1,56,60,800 | 9.51 |
Established operational track record since incorporation in 2015 within the HR and staffing services segment.
Diversified service portfolio covering manpower, payroll, compliance audits, facility management, staffing, and e-commerce logistics.
Business-to-business model serving multiple sectors, including e-commerce, logistics, manufacturing, and information technology.
Pan-India presence supporting workforce deployment across different client locations.
Ability to provide end-to-end HR and workforce management solutions to corporate clients.
Large employee base deployed across client sites, reflecting operational scale in staffing services.
India’s services sector has expanded its contribution to Gross Value Added, moving from 50.6% in FY14 to roughly 55.3% in FY25.
Since FY23, the sector has recorded an average annual growth rate of 8.3% across its key activities.
Official data from the Department for Promotion of Industry and Internal Trade indicates that services received the highest share of Foreign Direct Investment.
Performance in FY26 (April–June 2025) reflected sustained external demand alongside increased recruitment across multiple segments.
In FY25, employment generation in services was nearly three times that of manufacturing.
The sector currently supports around 182 million workers across urban and semi-urban markets.
Trade-related activities continue to account for a substantial portion of service-based employment.
Transport and logistics have maintained consistent labour absorption alongside rising operational scale.
Education, financial services, and healthcare remain significant contributors to overall workforce participation within services.
Interested in more opportunities? Check out our Upcoming IPO section for new listings and don’t forget to check your IPO allotment status for PAN HR Solution IPO.
PAN HR Solution Ltd IPO is a SME IPO of 21,84,000 equity shares of a face value of ₹10 aggregating up to ₹17.04 Crores. The issue is priced at ₹74 to ₹78 per share. The minimum order quantity is 1600 Shares. The IPO opens on February 06, 2026, and closes on February 10, 2026. Maashitla Securities Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE-SME.
The PAN HR Solution Ltd IPO opens on February 06, 2026 and closes on February 10, 2026.
PAN HR Solution Ltd lot size is 1600 shares, and the minimum amount required is ₹2,49,600.
You can apply in PAN HR Solution Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:
• Login to Bajaj Broking account App/Website & click on IPO
• Enter the number of lots and price at which you wish to apply.
• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
• You will receive a mandate notification to block funds in your UPI app.
• Approve the mandate request on your UPI and funds will be blocked.
The finalization of Basis of Allotment for PAN HR Solution Ltd IPO will be done on February 11, 2026, and the allotted shares will be credited to your demat account by February 12, 2026.
The PAN HR Solution Ltd listing date is February 13, 2026.
The registrar of PAN HR Solution Ltd IPO is Maashitla Securities Pvt Ltd
Marwadi Chandarana Intermediaries Brokers Pvt Ltd will be the book-running lead manager of this IPO.
The fresh issue size is ₹14.04 Crores equity shares.
Retail investors can subscribe to a minimum of one lot, 1600 shares and ₹2,49,600 amount.
To apply for PAN HR Solution Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.
The price of each PAN HR Solution Ltd share will be ranging in between ₹74 to ₹78 per share.
The cut-off time for the UPI mandate confirmation is 5:00 PM, February 10, 2026.
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