PAN HR Solution Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
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IPO Snapshot
Key metrics and details at a glance.
Price Band
₹78
Per ShareLot Size
1600 Shares
Minimum Investment
₹1,24,800
Issue Size
₹17.04 Cr
Face Value
₹10
Per ShareIPO Type
Book Building - SME
Retail Quota
35.11%
QIB Quota
49.73%
NII Quota
15.16%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
PAN HR Solution Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
90.91%
Promoter Holding (Post-Issue)
62.9%
Issue Type
Book Building - SME
ISIN
INE1N9E01015
About the Company
Our Company operates on a B2B model and provides comprehensive manpower solutions, catering to a range of roles from unskilled to skilled blue-collar workers. We have a PAN India presence and provide providing human resource, staffing services and compliance solutions to customers in E-commerce, logistics, manufacturing, information technology and other sectors which enables them in streamlining the hiring process, reduces administrative burden, and ensuring suitable candidates. We offer range of services i.e. Manpower services, Payroll services, Facility management, staffing solutions, Compliance Audit and E-commerce Logistics which enables us to design and deliver a range of customized solutions suited to the specific needs of our customers, which strengthens our customer acquisition and retention capabilities. As a part of facility management services, we provide personnel for roles such as housekeeping staff, pantry boys, office assistants, and other support roles. We currently operate under a "Collect and Pay" Model, wherein the Company raises invoices on its Customers/Principal Employers for services rendered in accordance with the applicable terms and subsequently receives payment. The payments are then disbursed to the employees deployed at the client place.
Industry Overview
India's services sector has steadily increased its share of Gross Value Added, rising from 50.6% in FY14 to about 55.3% in FY25, with an average growth of 8.3% since FY23. The sector also ranked first in attracting Foreign Direct Investment, according to data from the Department for Promotion of Industry and Internal Trade. The services industry performed strongly in FY26 (April to June 2025), driven by robust export demand and record hiring. In FY25, the sector generated nearly three jobs for every one created in manufacturing, reinforcing its position as the primary driver of employment. It now employs approximately 182 million people, with major contributions from trade, transport, education, finance, and healthcare.
Company History
Our company was originally incorporated and registered as a private limited company under Companies Act, 2013 in the name and style of "PAN HR Solution Private Limited" vide certificate of incorporation dated December 23, 2015 issued by the Registrar of Companies, Uttar Pradesh. Pursuant to a resolution of our Board dated April 18, 2025 and a resolution of our shareholders dated April 21, 2025 our Company was converted into a public limited company under the Companies Act, and consequently the name of our company was changed to "PAN HR Solution Limited", and a fresh certificate of incorporation dated May 19, 2025 issued by Registrar of Companies, Central Processing Centre.
Products & Services
- The Company operates on a B2B model and provides comprehensive manpower solutions, catering to a range of roles from unskilled to skilled blue-collar workers.
Growth Strategy
- Geographical Diversification.
- Diversified Service Portfolio.
- Pay and Collect model.
- Third Party Logistic model (3PL Model).
- Sector Penetration.
Customer Base
Wholesaler and Retailer
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a standalone basis, as reported for FY24 to FY26.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public offer of up to 21,84,000 equity shares of face value of Rs. 10/- each ("Equity Shares") of PAN HR Solution Limited ("The Company" or "The Issuer") at a price of Rs. 78 per equity share (Including a Share Premium Of 68 Per Equity Share) for cash, aggregating up to Rs. 17.04 Crore ("Offer") comprising of a fresh issue up to 18,00,000 equity shares of face value of Rs. 10/- by the company aggregating up to Rs. 14.04 Crore ("Fresh Issue") and an offer for sale up to 3,84,000 equity shares of face value of Rs. 10/-each ("Offer For Sale") by Rajni Kumari, aggregating up to Rs. 3 Crore ("Promoter Selling Shareholder", and such equity shares offered by the promoter selling shareholder, the "Offered Shares"). The offer includes up to 3,79,200 equity shares of face value of Rs.10 each, at an offer price of Rs. 78 per equity share for cash, aggregating Rs. 2.96 Crore will be reserved for subscription by the market maker to the offer (the "Market Maker Reservation Portion"). The offer less market maker reservation portion i.e. offer of up to 18,04,800 equity shares of face value of Rs.10 each, at an offer price of Rs. 78 per equity share for cash, aggregating up to Rs. 14.08 Crore is hereinafter referred to as the "Net Offer". The offer and net offer will constitute 30.29% and 25.03% respectively of the post-offer paid- up equity share capital of the company. Price Band: Rs. 78 per equity share of face value Rs. 10/- each. The floor price is 7.8 times of the face value of the equity shares. Bids can be made for a minimum of 3200 equity shares and further in multiples of 1600 equity shares thereafter.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Extensive Workforce Deployment.
- Strong Compliance and Regulatory Expertise.
- Experienced Leadership and Management Team.
- Comprehensive Service Portfolio.
- Our revenue from operations is dependent upon a limited number of customers, with a significant contribution from our top 10 customers. Our inability to maintain relationships with our customers could have an adverse effect on our business, prospects, results of operations and financial condition.
- We generate a significant portion of revenue from Delhi, Haryana and Uttar Pradesh. Any adverse developments affecting our operations in these regions could have an adverse impact on our revenue and results of operations.
- Our Company is reliant on the demand from certain industries for a significant portion of our revenue. Any downturn in such industries or an inability to increase or effectively manage our sales could have an adverse impact on our Company's business and results of operations.
- Our net cash flows from operating activities have been negative in some years in the past. Any negative cash flow in the future may affect our liquidity and financial condition.
- We have a large workforce deployed across workplaces and customer premises. Consequently, we may be exposed to service-related claims and losses or employee disruptions, as well as employee related regulatory risks, that could have an adverse effect on our reputation, business, cash flows, results of operations and financial condition.