PAN HR Solutions came to market through an SME IPO that opened on 6 February 2026 and closed on 10 February 2026, and the shares listed on 13 February 2026 on BSE SME. The price band was ₹74 to ₹78 per share and one lot was 1600 shares, so the minimum application was ₹1,24,800. The issue size was ₹17.04 crore. It combined a fresh issue of new shares with an offer for sale by existing shareholders.
Maashitla Securities Pvt.Ltd was the registrar to the issue, and Marwadi Chandarana Intermediaries Brokers Pvt.Ltd was the lead manager.
As of 10 February 2026.
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PAN HR Solutions was incorporated in 2015. The company provides human resource, staffing, payroll, facility management, compliance audit, and e-commerce logistics services. The company operates as a B2B business and provides end-to-end manpower solutions. The company provides manpower solutions for unskilled to skilled blue-collar workers. The company provides an end-to-end HR solution that includes recruitment, payroll management, compliance audit, facility management, and staffing solutions as a one-stop solution provider. Service Offerings: Manpower Services: Providing recruitment of personnel for various industries.
Payroll Services: Providing end-to-end payroll management services in compliance with statutory regulations such as Employees Provident Fund (EPF), ESIC regulations, Professional Tax, and so on. Facility Management: Providing housekeeping staff, pantry staff, office assistants, and support staff. Staffing Solution: Providing staffing solutions for various positions such as delivery personnel. Compliance Audit: Providing independence compliance audit services to ensure that the company is in compliance with regulations and maintaining proper records.
As described in the offer document.
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Rajeev Kumar, Rajni Kumari.
Work out the listing gain for this SME IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
PAN HR Solutions IPO was a ₹17.04 crore book-built issue, comprising a fresh issue of ₹14.04 crore and an offer for sale of ₹3 crore. It was priced at ₹74–₹78 per share with a lot size of 1,600 shares; the minimum retail application was 3,200 shares (₹2,49,600). The IPO was open from February 6 to February 10, 2026 and was subscribed 12.36x.
Shares listed on BSE SME on February 13, 2026 at ₹78.35, in line with the issue price of ₹78. Maashitla Securities Pvt. Ltd. is the registrar. Marwadi Chandarana Intermediaries Brokers Pvt. Ltd. is the book running lead manager.
The price band of PAN HR Solutions IPO is ₹74 to ₹78 per share.
The lot size of PAN HR Solutions IPO is 1600 shares.
The minimum investment for PAN HR Solutions IPO is approximately ₹2,49,600 based on the upper price band.
The allotment date of PAN HR Solutions IPO is Feb 11, 2026.
You can check PAN HR Solutions IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the PAN HR Solutions IPO allotment status on Rupix for quick and easy access.
₹74 to ₹78 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 1600 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹1,24,800. After listing, SME shares also trade in lots rather than one share at a time.
₹1,24,800, for one lot of 1600 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 6 February 2026 and closed on 10 February 2026.
The basis of allotment was published on 11 February 2026 by Maashitla Securities Pvt.Ltd, and allotted shares were credited to demat accounts before listing.
The shares listed on 13 February 2026 on BSE SME.
The issue size was ₹17.04 crore. The fresh issue was 18,00,000 shares (aggregating up to ₹14.04 crore). The offer for sale was 3,84,000 shares (aggregating up to ₹3 crore).