Pan Hr Solutions Ipo
PAN HR Solutions IPO Review & Key Points
Review:
IPO Lead Managers aka Merchant Bankers
Marwadi Chandarana Intermediaries Brokers Pvt. Ltd.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 2 | 3,200 | ₹2,49,600 |
| Retail Maximum | 2 | 3,200 | ₹2,49,600 |
| S-HNI Minimum | 3 | 4,800 | ₹3,74,400 |
| S-HNI Maximum | 8 | 12,800 | ₹9,98,400 |
| B-HNI Minimum | 9 | 14,400 | ₹11,23,200 |
| Investor Category | Share Offered | Shares (%) |
| Anchor Investor | 5,37,600 Shares | 24.62% |
| QIB (Ex. Anchor) | 3,60,000 Shares | 16.48% |
| NII Shares Offered | 2,73,600 Shares | 12.53% |
| Retail Shares Offered | 6,33,600 Shares | 29.01% |
| Anchor Bidding Date | February 05, 2026 |
| Anchor Investors List | |
| Shares Offered | 5,37,600 Shares |
| Anchor Size | [.] Cr. |
| lock-in period end date 50% shares (30 Days) | March, 2026 |
| lock-in period end date 50% shares (90 Days) | May, 2026 |
| IPO Open Date: | February 6, 2026 |
| IPO Close Date: | February 10, 2026 |
| Basis of Allotment: | February 11, 2026 |
| Refunds: | February 12, 2026 |
| Credit to Demat Account: | February 12, 2026 |
| IPO Listing Date: | February 13, 2026 |
| IPO Bidding Cut-off Time: | February 10, 2026 – 5 PM |
| Particular | Shares | % Share |
| Promoter Holding Pre Issue | 54,11,058 | 90.92% |
| Promoter Holding Post Issue | 72,11,058 | -% |
| Purpose | Crores |
| Funding working capital requirements of the Company | ₹9.75 |
| Pre-payment or repayment of certain outstanding borrowings availed by Company | ₹- |
| General Corporate Purposes | ₹- |
| Period Ended | Revenue | Expense | PAT | Assets |
| 2023 | ₹256.36 | ₹250.99 | ₹3.88 | ₹37.07 |
| 2024 | ₹281.92 | ₹276.28 | ₹4.20 | ₹42.31 |
| 2025 | ₹283.69 | ₹276.76 | ₹5.02 | ₹36.06 |
| Nov 2025 | ₹154.23 | ₹147.97 | ₹5.13 | ₹43.72 |
| KPI | Values |
| ROE: | 31.05% |
| ROCE: | 38.30% |
| EBITDA Margin: | 2.42% |
| PAT Margin: | 1.77% |
| Debt to equity ratio: | – |
| Earning Per Share (EPS): | ₹10.17 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 27.47% |
| Net Asset Value (NAV): | ₹37.01 |
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Itcons ESolutions Limited | 6.43 | 63.20 | 8.76% | 73.80 | 5.98 Cr. |
| Happy Square Outsourcing Services Limited | 7.07 | 8.27 | 47.64% | 14.84 | 97.41 Cr. |
| Spectrum Talent Management Limited | 3.13 | 24.39 | 4.72% | 66.38 | 1,270.14 Cr. |
| IPO Open Date | February 6, 2026 |
| IPO Close Date | February 10, 2026 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹74 to ₹78 Per Share |
| Issue Size | Approx ₹17.04 Crores |
| Fresh Issue | Approx ₹14.04 Crores |
| Offer for Sale: | Approx 3,84,000 Equity Shares |
| Issue Type | Book build Issue |
| IPO Listing | BSE SME |
| DRHP Draft Prospectus | |
| RHP Draft Prospectus |