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PAN HR Solutions IPO Opens With ₹17.04 Crore SME Issue

SEO Title:
PAN HR Solutions IPO Feb 6: Price Band ₹74–₹78, SME Listing Details

SEO Keywords:
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SEO Description:
PAN HR Solutions IPO opens Feb 6 on BSE SME with ₹74–₹78 price band. Check issue size, lot details, listing date and full IPO review.

What's covered under the Article:

1. Detailed PAN HR Solutions IPO structure including fresh issue, OFS, price band, lot size, subscription dates and listing timeline.

2. Complete overview of PAN HR’s HR staffing, payroll and compliance business model and sector opportunities.

3. Valuation insights, GMP status, strengths and risks investors should evaluate before applying in this SME IPO.

PAN HR Solutions IPO: Complete Details and Investment Analysis

PAN HR Solution Limited is a human resource services company incorporated in 2015, offering end-to-end workforce management solutions. The company provides services such as staffing solutions, payroll management, compliance support and HR outsourcing to corporates across multiple industries.

Its client base primarily includes companies in manufacturing, infrastructure, logistics and service sectors, where manpower management and statutory compliance play a critical role.

The company is launching a Book Built SME IPO aggregating to ₹17.04 Crore.

IPO Structure

• Fresh Issue: 0.18 crore shares aggregating to ₹14.04 Crore

• Offer for Sale (OFS): 0.04 crore shares aggregating to ₹3.00 Crore

• Total Issue Size: ₹17.04 Crore

The IPO subscription period opens on February 06, 2026, and closes on February 10, 2026.

The allotment is expected to be finalised on or about February 11, 2026, and the shares are proposed to be listed on the BSE SME platform on or about February 13, 2026.

Price Band, Market Capitalisation and Lot Size

The price band of PAN HR Solutions IPO is set at ₹74 to ₹78 per equity share.

At the upper price band of ₹78, the estimated market capitalisation of the company will be approximately ₹56.25 Crore.

Lot Size and Minimum Investment

• Lot Size: 1,600 shares

• Retail Minimum Investment: 2 lots (3,200 shares)

  • ₹78 × 3,200 = ₹2,49,600

• HNI Minimum Investment: 3 lots (4,800 shares)

  • ₹78 × 4,800 = ₹3,74,400

This indicates a relatively higher entry investment compared to mainboard IPOs, which is common in SME IPOs.

Business Model of PAN HR Solutions Limited

PAN HR operates in the fast-growing HR outsourcing and staffing industry, helping companies manage workforce-related challenges efficiently.

1. Staffing and Manpower Services

The company provides:

• Contract staffing

• Temporary staffing

• Permanent recruitment support

Corporates use these services to scale workforce quickly without long-term employment liabilities.

2. Payroll Management

The company handles:

• Salary processing

• Tax deductions

• Provident Fund (PF) compliance

• Employee State Insurance (ESI) compliance

Payroll outsourcing reduces administrative burden and compliance risks for companies.

3. Compliance Support

Indian labour laws are complex and frequently updated. PAN HR assists clients in managing:

• Labour law compliance

• Statutory filings

• Regulatory documentation

This service is particularly valuable in industries with large blue-collar workforce requirements.

4. HR Outsourcing

The company provides end-to-end HR outsourcing services, enabling businesses to focus on core operations while PAN HR manages employee lifecycle processes.

Industry Outlook: HR and Staffing Sector in India

India’s staffing and HR services sector is growing due to:

• Increasing formalisation of workforce

• Rising demand for flexible staffing

• Expansion of manufacturing and logistics sectors

• Compliance complexity

With more companies preferring outsourced HR models, organised HR service providers are gaining market share.

SME companies like PAN HR can benefit from:

• Growing industrial activity

• Infrastructure expansion

• Increasing contract workforce

Use of IPO Proceeds

The fresh issue of ₹14.04 Crore will be utilised for:

• Working capital requirements

• Business expansion

• Strengthening operational capabilities

• General corporate purposes

The Offer for Sale (₹3.00 Crore) will go to existing shareholders and will not directly add funds to the company.

Strengths of PAN HR Solutions

1. Diversified Client Industries

Serving multiple sectors reduces dependence on a single industry.

2. Compliance Expertise

Strong focus on labour law compliance creates long-term client relationships.

3. Recurring Revenue Model

Staffing and payroll contracts often generate recurring monthly revenue.

4. Asset-Light Business Model

HR outsourcing requires limited capital expenditure compared to manufacturing businesses.

Risks to Consider

1. Client Concentration Risk

Dependence on a few large clients may impact revenue if contracts are discontinued.

2. Regulatory Risk

Changes in labour laws and compliance rules may affect cost structure.

3. Competitive Industry

HR staffing is a competitive segment with many organised and unorganised players.

4. SME Platform Liquidity Risk

SME-listed stocks generally have lower liquidity compared to mainboard companies.

Lead Manager, Registrar and Market Maker

• Book Running Lead Manager: Marwadi Chandarana Intermediaries Brokers Private Limited

• Registrar: Maashitla Securities Private Limited

• Market Maker: Giriraj Stock

PAN HR Solutions IPO GMP Today

The Grey Market Premium (GMP) of PAN HR Solutions IPO is currently expected to be ₹0.

Investors should note:

• Grey market trading is unofficial and unregulated.

• GMP does not guarantee listing gains.

• Price discovery happens only after official listing.

The GMP information is shared only for educational and informational purposes.

Valuation Perspective

At a market capitalisation of ₹56.25 Crore, PAN HR Solutions falls into the small-cap SME category.

Investors should evaluate:

• Revenue growth trend

• Profit margins

• Client retention rate

• Working capital cycle

• Compliance track record

Comparing with other listed HR and staffing companies may provide additional perspective.

Who Should Consider This IPO?

Suitable For:

• Investors seeking exposure to HR outsourcing sector

• Investors comfortable with SME IPO risk profile

• High-risk appetite investors

Not Suitable For:

• Conservative investors

• Those seeking high liquidity

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