The allotment for PAN HR Solution’s SME IPO is likely to be finalised on February 11, 2026, while the tentative listing date has been set for February 13, 2026. The ₹31.26 crore issue opened for subscription on February 6, 2026, and closed on February 10, 2026. The company’s shares will be listed on the BSE SME platform.

PAN HR Solution Limited is a B2B company that provides manpower and human resource–related services across multiple sectors. Its offerings include the supply of unskilled to skilled blue-collar workers, payroll management, staffing solutions, facility management, compliance audits, and e-commerce logistics support.

Procedure to Check PAN HR Solution IPO Allotment Status Online On BSE

Click here to visit the application status page.
In Issue Type, “Equity”.
In Issue Name, select “PAN HR Solution Ltd”.
Enter your “Application No.” or “PAN No.”
Click on “I am not a robot”.
Click “Submit”.

Procedure to Check PAN HR Solution IPO Allotment Status on Maashitla Securities (Registrar to the issue)

Visit the Maashitla’s IPO allotment verification status page here.
Select “PAN HR Solution” under “Please select company”.
Enter any of the following details.

PAN
Application Number
Demat Account Number

Click “Submit”.

PAN HR Solution IPO Details

The Grover Jewells IPO was a book build issue of ₹17.04 crores. The issue was a combination of fresh issue of 0.18 crore shares aggregating to ₹14.04 crores and offer for sale of 0.04 crore shares aggregating to ₹3.00 crores. The price band was set between ₹74 and ₹78 per share, with a lot size of 1600 shares, requiring a minimum investment of ₹2,36,800 for retail investors.

Marwadi Chandarana Intermediaries Brokers Private Limited was the book running lead manager and Maashitla Securities Private Limited was the registrar of the issue. The Market Maker of the company was Giriraj Stock Broking Pvt.Ltd.

PAN HR Solution IPO Overall Subscription Status

[February 10, 2026, end of the day]

On Day 3, PAN HR Solution IPO was overall subscribed 11.85 times. The public issue was subscribed 8.99 times by the Retail Individual Investors (RIIs), 25.41 times by the Non Institutional Investors (NIIs), and 6.57 times by the Qualified Institutional Buyers (QIBs).

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Utilisation of Proceeds

The Company proposes to utilise the Net Proceeds towards funding the following objects:

Funding Working Capital Requirements.
General Corporate Purposes.

PAN HR Solution GMP

As per media reports, the Grey Market Premium (GMP) of PAN HR Solution is reported at ₹0 over the IPO price.

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PAN HR Solution Business Overview

PAN HR Solution Ltd is a Noida-based business-to-business human resource and workforce management services company, incorporated in 2015. It provides end-to-end HR solutions including manpower supply (from unskilled to skilled workers), payroll management, facility management, compliance auditing and e-commerce logistics support — primarily to clients across the e-commerce, logistics, manufacturing, IT and related sectors. The company operates on a scalable HR services model with a PAN-India presence, deploying thousands of personnel at client sites to meet diverse staffing needs.

Financially, PAN HR Solution reported stable growth in recent years. For the year ended March 31, 2025 (FY25), it recorded total income of around ₹283.7 crore, up slightly from ₹281.9 crore in FY24, and profit after tax (PAT) of approximately ₹5.02 crore, compared with ₹4.20 crore the prior year

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