PAN HR Solutions Limited
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PAN HR Solutions Limited's achieved publicly listed status following its IPO debut on Feb 13, 2026 at the BSE platform. The offering successfully mobilized 21,84,000 Shares, with 18,00,000 Shares allocated to corporate growth initiatives and ₹2.99 Cr providing liquidity to existing shareholders.
Investment participation occurred within the established price band of ₹74 to ₹78, starting from minimum lots of 1600 shares. The subscription window from Feb 06, 2026 through Feb 10, 2026 enabled investor participation across market segments.
Share allocation was completed on Feb 11, 2026, determining ownership distribution among successful applicants. The listing represents a milestone achievement, transitioning the company to regulated public market status with associated responsibilities and opportunities.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Incorporated in 2015, PAN HR Solutions is a B2B company that provides complete human resource and manpower solutions for businesses. The company offers end-to-end services including recruitment, staffing, payroll management, facility management, compliance audits, and e-commerce logistics, making it a one-stop HR service provider. It caters to a wide range of roles, from unskilled to skilled blue-collar workers, and supports industries with manpower recruitment, statutory-compliant payroll services such as EPF, ESIC, and professional tax, as well as facility and support staff like housekeeping and office assistants. PAN HR Solutions also delivers staffing services for roles such as delivery personnel and conducts independent compliance audits to ensure regulatory adherence and proper record maintenance. As of November 30, 202, the company had a workforce of 10,374 employees deployed across various client locations.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- End-to-End HR & Manpower Solutions: Operates as a one-stop B2B HR partner offering recruitment, staffing, payroll, facility management, compliance audits, and logistics staffing.
- Strong Compliance & Statutory Expertise: Proven capability in managing EPF, ESIC, professional tax, and regulatory audits, reducing legal and compliance risks for clients.
- Large Deployed Workforce Base: Workforce of over 10,000+ employees across client locations, indicating execution strength and scalability.
- High Dependence on Blue-Collar Workforce: Heavy focus on unskilled and semi-skilled roles may expose the company to high attrition and operational churn.
- Margin Sensitivity: HR staffing and manpower services are typically low-margin businesses, highly sensitive to wage inflation and compliance cost increases.
- Client Concentration Risk: Dependence on a limited number of large B2B clients or specific industries could impact revenues if contracts are lost or reduced.
- Rajeev Kumar
- Rajni Kumari
PAN HR Solutions Limited
Maashitla Securities Private Limited