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PAN HR Solution Ltd IPO

Status: Closed

Overview

IPO date
06 Feb 2026 to 10 Feb 2026
Face value
₹ 10 per share
Price
₹ 74 to ₹78 per share
Issue Size
2,184,000 shares
(aggregating up to ₹ 17.04 Cr)
Allotment Date
11 Feb 2026
Listing at
NSE
Issue type
Book Building - SME
Sector
Miscellaneous

Objectives of PAN HR Solution Ltd IPO

PAN HR Solution Ltd IPO Strategy

About PAN HR Solution Ltd

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T&C*

Strengths vs Risks of PAN HR Solution Ltd

Know the pros & cons

Strengths

  • arrowExtensive Workforce Deployment.
  • arrowStrong Compliance and Regulatory Expertise.
  • arrowExperienced Leadership and Management Team.
  • arrowComprehensive Service Portfolio.

Risks

  • arrowOur 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.
  • arrowWe 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.
  • arrowOur 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.
  • arrowOur 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.
  • arrowWe 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.
  • arrowThere are certain delayed/ incorrect filings noticed in some of our corporate records relating to forms filed with the Registrar of Companies which may attract penalties.
  • arrowThere have been some instances of delay in filing of statutory and regulatory dues in the past with the various government authorities.
  • arrowOur business could be adversely affected if our customers fail to renew their contracts with us or we fail to acquire new customers.
  • arrowOur Promoter Group Company, Talent Destination Private Limited may have conflict of interest with us as it is engaged in similar business and may compete with us.
  • arrowWe may be unable to perform background verification procedures on our staffed personnel prior to placing them with our clients.
  • arrowOur business is subject to extensive government regulation, which may restrict the types of services we are permitted to offer or result in additional tax or other costs that reduce our revenues and earnings.
  • arrowIndia has stringent labour legislation that protects the interests of workers, and if the Company's employees unionize the company maybe subject to industrial unrest, slowdowns and increased wage costs.
  • arrowThe company does not own the Company's Registered Office from where its operations are being conducted and have been taken on lease. Any difficulty in seeking renewal or extension of such lease terms may cause disruption in the Company's operations.
  • arrowThe Company operate in a highly competitive and fragmented industry with low barriers to entry and may be unable to compete successfully against existing or new competitors, particularly in the unorganized segment.
  • arrowThe Company, Promoters, Directors, KMP and SMP are involved in certain legal proceedings and litigations. Any adverse decision in such proceedings may render us/them liable to liabilities/penalties which may adversely affect its business, financial condition and results of operations.
  • arrowThe Company's directors do not have any prior experience of directorship in any of the listed entities.
  • arrowThe company has applied for registration of our name and logo and the same is under process. However, the company is not granted the trademark and do not own the "PAN HR" legally as on date of this Draft Red Herring Prospectus. The company may be unable to adequately protect its intellectual property. Furthermore, the company may be subject to claims alleging breach of third-party intellectual property rights.
  • arrowThe success of the Company's services depends to a large extent on the success of its end use customers. If there is any downturn in the industries in which the Company's customers operate, it could have a material adverse effect on its business, financial condition and results of operations.
  • arrowThe Company's insurance coverage may not be adequate and this may have a material adverse effect on its business financial condition and results of operation.
  • arrowThe Company's may issue Equity Shares at prices that may be lower than the offer Price in the last 12 months.
  • arrowThe average cost of acquisition of Equity Shares by the Company's Promoters may be lower than the Floor Price.
  • arrowThere is no guarantee that the Equity Shares issued pursuant to the Offer will be listed on the SME Platform of BSE Limited in a timely manner or at all.
  • arrowAny IT system failures or lapses on part of any of the Company's employees may lead to operational interruption, liabilities or reputational harm.
  • arrowThe Company's inability to effectively manage its growth or to successfully implement the Company's business plan and growth strategies could have an adverse effect on its business, results of operations and financial condition. The success of the Company's business will depend greatly on its ability to effectively implement the Company's business and growth strategies.
  • arrowIf the company is subject to any fraud, theft, or embezzlement by its employees, it could adversely affect the Company's reputation, results of operations and financial condition. The company could be harmed by employee misconduct or errors that are difficult to detect and any such incidences could adversely affect its financial condition, results of operations and reputation.
  • arrowAny failures or significant weakness of the Company's internal controls system could cause operational errors or incidents of fraud, which would adversely affect its profitability and reputation.
  • arrowThe determination of the Price Band is based on various factors and assumptions and the Offer Price of the Equity Shares may not be indicative of the market price of the Equity Shares after the Issue.
  • arrowThe company has in the past entered into related party transactions and may continue to do so in the future.
  • arrowThe Company's funding requirements and the proposed deployment of Net Proceeds are not appraised by any independent agency, which may affect its business and results of operations.
  • arrowThe Company's success largely depends upon the knowledge and experience of its Promoters, Directors, the Company's Key Managerial Personnel and Senior Management as well as the Company's ability to attract and retain personnel with technical expertise. Any loss of its Promoter, Directors, Key Managerial Personnel, Senior Management or the Company's ability to attract and retain them and other personnel with technical expertise could adversely affect its business, financial condition and results of operations.
  • arrowIn addition to normal remuneration or benefits and reimbursement of expenses, some of the Company's directors and key managerial personnel are interested in the Company to the extent of their shareholding and dividend entitlement, if any in the Company.
  • arrowThe company has not commissioned an industry report for the disclosures made in the chapter titled "Industry Overview" and made disclosures on the basis of the data available on the internet.
  • arrowThe company has not made any alternate arrangements for meeting its capital requirements for the Objects of the Offer. Further the company has not identified any alternate source of financing the `Objects of the Offer'.
  • arrowThere is no monitoring agency appointed by the Company and the deployment of funds are at the discretion of its Management and the Company's Board of Directors, though it shall be monitored by the Audit Committee.
  • arrowThe requirements of being a public listed company may strain the Company's resources and impose additional requirements.
  • arrowThe company faces intense competition which may lead to a reduction in the Company's market share and which may cause it to increase the Company's expenditure on marketing and promotion, which may result in an adverse effect on its business and a decline in the Company's profitability.
  • arrowThe company's revenue from operations is dependent upon a limited number of customers, with a significant contribution from its top 10 customers. The company's inability to maintain relationships with its customers could have an adverse effect on the company's business, prospects, results of operations and financial condition.
  • arrowThe company's business generate a significant portion of revenue from Delhi, Haryana and Uttar Pradesh. Any adverse developments affecting its operations in these regions could have an adverse impact on the company's business revenue and results of operations.
  • arrowThe Company is reliant on the demand from certain industries for a significant portion of its revenue. Any downturn in such industries or an inability to increase or effectively manage the company's business sales could have an adverse impact on the Company's business and results of operations.
  • arrowThe company's business net cash flows from operating activities have been negative in some years in the past. Any negative cash flow in the future may affect its liquidity and financial condition.
  • arrowThe company has a large workforce deployed across workplaces and customer premises. Consequently, the company 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 its reputation, business, cash flows, results of operations and financial condition.
  • arrowThere are certain delayed/ incorrect filings noticed in some of the company's business corporate records relating to forms filed with the Registrar of Companies which may attract penalties.
  • arrowThere have been some instances of delay in filing of statutory and regulatory dues in the past with the various government authorities.
  • arrowThe company's business business could be adversely affected if our customers fails to renew their contracts with the company or the company fails to acquire new customers.
  • arrowThe company's business Promoter Group Company, Talent Destination Private Limited may have conflict of interest with us as it is engaged in similar business and may compete with the company.
  • arrowThe company may be unable to perform background verification procedures on our staffed personnel prior to placing them with its clients.
  • arrowThe company's business business operates with low EBITDA and Profit margins. Any increase in salary costs or changes in statutory dues applicable to non-core employees may adversely affect its profitability.
  • arrowThe company's business business is subject to extensive government regulation, which may restrict the types of services the company is permitted to offer or result in additional tax or other costs that reduce its revenues and earnings.
  • arrowIndia has stringent labour legislation that protects the interests of workers, and if the company's business employees unionize the company maybe subject to industrial unrest, slowdowns and increased wage costs.
  • arrowThe company does not own its Registered Office from where the company's business operations are being conducted and have been taken on lease. Any difficulty in seeking renewal or extension of such lease terms may cause disruption in the company's business operations.
  • arrowThe company operates in a highly competitive and fragmented industry with low barriers to entry and may be unable to compete successfully against existing or new competitors, particularly in the unorganized segment.
  • arrowThe Company, Promoters, Directors, KMP and SMP are involved in certain legal proceedings and litigations. Any adverse decision in such proceedings may render the company/them liable to liabilities/penalties which may adversely affect its business, financial condition and results of operations.
  • arrowThe company's business directors do not have any prior experience of directorship in any of the listed entities.
  • arrowThe company has applied for registration of its name and logo and the same is under process. However, the company is not granted the trademark and do not own the "PAN HR " legally as on date of this Red Herring Prospectus. The company may be unable to adequately protect the company's business intellectual property. Furthermore, the company may be subject to claims alleging breach of third-party intellectual property rights.
  • arrowThe success of its services depends to a large extent on the success of the company's business end use customers. If there is any downturn in the industries in which the company's business customers operate, it could have a material adverse effect on its business, financial condition and results of operations.
  • arrowThe company's business insurance coverage may not be adequate and this may have a material adverse effect on its business financial condition and results of operation.
  • arrowThe company may issue Equity Shares at prices that may be lower than the offer Price in the last 12 months.
  • arrowThe average cost of acquisition of Equity Shares by its Promoters may be lower than the Floor Price.
  • arrowThere is no guarantee that the Equity Shares issued pursuant to the Offer will be listed on the SME Platform of BSE Limited in a timely manner or at all.
  • arrowAny IT system failures or lapses on part of any of the company's business employees may lead to operational interruption, liabilities or reputational harm.
  • arrowThe company's business inability to effectively manage its growth or to successfully implement the company's business business plan and growth strategies could have an adverse effect on its business, results of operations and financial condition. The success of the company's business business will depend greatly on its ability to effectively implement the company's business business and growth strategies.
  • arrowIf the company is subjects to any fraud, theft, or embezzlement by the company's business employees, it could adversely affect its reputation, results of operations and financial condition. The company coulds be harmed by employee misconduct or errors that are difficult to detect and any such incidences could adversely affect its financial condition, results of operations and reputation.
  • arrowAny failures or significant weakness of the company's business internal controls system could cause operational errors or incidents of fraud, which would adversely affect its profitability and reputation
  • arrowThe determination of the Price Band is based on various factors and assumptions and the Offer Price of the Equity Shares may not be indicative of the market price of the Equity Shares after the Issue.
  • arrowThe company has in the past entered into related party transactions and may continue to do so in the future.
  • arrowThe company's business funding requirements and the proposed deployment of Net Proceeds are not appraised by any independent agency, which may affect its business and results of operations.
  • arrowThe company's business success largely depends upon the knowledge and experience of its Promoters, Directors, the company's business Key Managerial Personnel and Senior Management as well as our ability to attract and retain personnel with technical expertise. Any loss of its Promoter, Directors, Key Managerial Personnel, Senior Management or the company's business ability to attract and retain them and other personnel with technical expertise could adversely affect the company's business business, financial condition and results of operations.
  • arrowIn addition to normal remuneration or benefits and reimbursement of expenses, some of the company's business directors and key managerial personnel are interested in the Company to the extent of their shareholding and dividend entitlement, if any in the Company.
  • arrowThe company has not commissioned an industry report for the disclosures made in the chapter titled "Industry Overview" and made disclosures on the basis of the data available on the internet.
  • arrowThe company has not made any alternate arrangements for meeting its capital requirements for the Objects of the Offer. Further the company has not identified any alternate source of financing the `Objects of the Offer'.
  • arrowThere is no monitoring agency appointed by the Company and the deployment of funds are at the discretion of its Management and our Board of Directors, though it shall be monitored by the Audit Committee.
  • arrowThe requirements of being a public listed company may strain the company's business resources and impose additional requirements.
  • arrowThe company faces intense competition which may lead to a reduction in the company's business market share and which may cause the company to increase its expenditure on marketing and promotion, which may result in an adverse effect on the company's business business and a decline in the company's business profitability.
  • arrowThe Company will not receive any proceeds from the Offer for Sale Portion, and the Selling Shareholders shall be entitled to the Offer Proceeds to the extent of the Equity Shares offered by it in the Offer for Sale.

PAN HR Solution Ltd Peer Comparison

Understand the company’s industry standing

PAN HR Solution Limited
Itcons E Solutions Limited
Happy Square Outsourcing Services Limited
Face Value
10
10
10
Standalone / Consolidated
Standalone
Standalone
Standalone
Total Income Rs. Cr.
283.19
5.98
97.41
EPS-Basis
10.17
6.43
7.07
EPS-Diluted
10.17
3.17
7.07
NAV Per Share
37.01
73.8
14.84
P/E-Basic EPS
---
---
---
P/E-Diluted EPS
---
---
---
RONW(%)
27.47
8.76
47.64
Latest NAV Period
---
---
---
Latest NAV
---
---
---
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The IPO opens on 06 Feb 2026 & closes on 10 Feb 2026.

PAN HR Solution Limited was originally incorporated as 'PAN HR Solution Private Limited' on December 23, 2015 with the Registrar of Companies, Uttar Pradesh. Company has converted into a Public Limited w.e.f. May 19, 2025 issued by the Central Processing Centre. Company provides Manpower Services, Payroll Services, Facility Management, Staffing Solutions, Compliance Audit and E-commerce Logistic services to customers. Mainly, Company manages a large number of personnel deployed across various locations nationwide. This enables consistent service delivery across different regions and supports operations in sectors like E-commerce, Manufacturing, Logistics, etc. The workforce is allocated based on client requirements, project timelines, and operational priorities. Company operate through a supervisory team who monitors the deployment of workforce, keeps track of attendance and checks productivity & efficiency. This structure allow clients to maintain continuity, meet project targets, feasibility study and respond to changing operational demands without delays or disruptions. In addition to core offerings, Company intend to expand into leadership hiring, digital workforce solutions, skill-based training, project-based and contract staffing. These services are designed to support clients in navigating and evolving workforce demands, adapting to digital transformation, and managing short-term or specialized workforce needs. Company is planning the Initial Public Offering of 21,84,000 equity shares having the face value of Rs 10 each, comprising a fresh issue of 18,00,000 equity shares and 3,84,000 equity shares through offer for sale.

PAN HR Solution Ltd IPO will close on 10 Feb 2026.

  • Extensive Workforce Deployment.
  • Strong Compliance and Regulatory Expertise.
  • Experienced Leadership and Management Team.
  • Comprehensive Service Portfolio.

S.No Promoters Name Pre Issue Shares Pre Issue Percentage Post Issue Shares Post Issue Percentage
1 Rajeev Kumar 2685700 49.63 2685700 37.24
2 Rajni Kumari 2208800 40.82 1824800 25.31
3 Antara Choudhary 25100 0.46 25100 0.35

  • 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.
  • There are certain delayed/ incorrect filings noticed in some of our corporate records relating to forms filed with the Registrar of Companies which may attract penalties.
  • There have been some instances of delay in filing of statutory and regulatory dues in the past with the various government authorities.
  • Our business could be adversely affected if our customers fail to renew their contracts with us or we fail to acquire new customers.
  • Our Promoter Group Company, Talent Destination Private Limited may have conflict of interest with us as it is engaged in similar business and may compete with us.
  • We may be unable to perform background verification procedures on our staffed personnel prior to placing them with our clients.
  • Our business is subject to extensive government regulation, which may restrict the types of services we are permitted to offer or result in additional tax or other costs that reduce our revenues and earnings.
  • India has stringent labour legislation that protects the interests of workers, and if the Company's employees unionize the company maybe subject to industrial unrest, slowdowns and increased wage costs.
  • The company does not own the Company's Registered Office from where its operations are being conducted and have been taken on lease. Any difficulty in seeking renewal or extension of such lease terms may cause disruption in the Company's operations.
  • The Company operate in a highly competitive and fragmented industry with low barriers to entry and may be unable to compete successfully against existing or new competitors, particularly in the unorganized segment.
  • The Company, Promoters, Directors, KMP and SMP are involved in certain legal proceedings and litigations. Any adverse decision in such proceedings may render us/them liable to liabilities/penalties which may adversely affect its business, financial condition and results of operations.
  • The Company's directors do not have any prior experience of directorship in any of the listed entities.
  • The company has applied for registration of our name and logo and the same is under process. However, the company is not granted the trademark and do not own the "PAN HR" legally as on date of this Draft Red Herring Prospectus. The company may be unable to adequately protect its intellectual property. Furthermore, the company may be subject to claims alleging breach of third-party intellectual property rights.
  • The success of the Company's services depends to a large extent on the success of its end use customers. If there is any downturn in the industries in which the Company's customers operate, it could have a material adverse effect on its business, financial condition and results of operations.
  • The Company's insurance coverage may not be adequate and this may have a material adverse effect on its business financial condition and results of operation.
  • The Company's may issue Equity Shares at prices that may be lower than the offer Price in the last 12 months.
  • The average cost of acquisition of Equity Shares by the Company's Promoters may be lower than the Floor Price.
  • There is no guarantee that the Equity Shares issued pursuant to the Offer will be listed on the SME Platform of BSE Limited in a timely manner or at all.
  • Any IT system failures or lapses on part of any of the Company's employees may lead to operational interruption, liabilities or reputational harm.
  • The Company's inability to effectively manage its growth or to successfully implement the Company's business plan and growth strategies could have an adverse effect on its business, results of operations and financial condition. The success of the Company's business will depend greatly on its ability to effectively implement the Company's business and growth strategies.
  • If the company is subject to any fraud, theft, or embezzlement by its employees, it could adversely affect the Company's reputation, results of operations and financial condition. The company could be harmed by employee misconduct or errors that are difficult to detect and any such incidences could adversely affect its financial condition, results of operations and reputation.
  • Any failures or significant weakness of the Company's internal controls system could cause operational errors or incidents of fraud, which would adversely affect its profitability and reputation.
  • The determination of the Price Band is based on various factors and assumptions and the Offer Price of the Equity Shares may not be indicative of the market price of the Equity Shares after the Issue.
  • The company has in the past entered into related party transactions and may continue to do so in the future.
  • The Company's funding requirements and the proposed deployment of Net Proceeds are not appraised by any independent agency, which may affect its business and results of operations.
  • The Company's success largely depends upon the knowledge and experience of its Promoters, Directors, the Company's Key Managerial Personnel and Senior Management as well as the Company's ability to attract and retain personnel with technical expertise. Any loss of its Promoter, Directors, Key Managerial Personnel, Senior Management or the Company's ability to attract and retain them and other personnel with technical expertise could adversely affect its business, financial condition and results of operations.
  • In addition to normal remuneration or benefits and reimbursement of expenses, some of the Company's directors and key managerial personnel are interested in the Company to the extent of their shareholding and dividend entitlement, if any in the Company.
  • The company has not commissioned an industry report for the disclosures made in the chapter titled "Industry Overview" and made disclosures on the basis of the data available on the internet.
  • The company has not made any alternate arrangements for meeting its capital requirements for the Objects of the Offer. Further the company has not identified any alternate source of financing the `Objects of the Offer'.
  • There is no monitoring agency appointed by the Company and the deployment of funds are at the discretion of its Management and the Company's Board of Directors, though it shall be monitored by the Audit Committee.
  • The requirements of being a public listed company may strain the Company's resources and impose additional requirements.
  • The company faces intense competition which may lead to a reduction in the Company's market share and which may cause it to increase the Company's expenditure on marketing and promotion, which may result in an adverse effect on its business and a decline in the Company's profitability.
  • The company's revenue from operations is dependent upon a limited number of customers, with a significant contribution from its top 10 customers. The company's inability to maintain relationships with its customers could have an adverse effect on the company's business, prospects, results of operations and financial condition.
  • The company's business generate a significant portion of revenue from Delhi, Haryana and Uttar Pradesh. Any adverse developments affecting its operations in these regions could have an adverse impact on the company's business revenue and results of operations.
  • The Company is reliant on the demand from certain industries for a significant portion of its revenue. Any downturn in such industries or an inability to increase or effectively manage the company's business sales could have an adverse impact on the Company's business and results of operations.
  • The company's business net cash flows from operating activities have been negative in some years in the past. Any negative cash flow in the future may affect its liquidity and financial condition.
  • The company has a large workforce deployed across workplaces and customer premises. Consequently, the company 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 its reputation, business, cash flows, results of operations and financial condition.
  • There are certain delayed/ incorrect filings noticed in some of the company's business corporate records relating to forms filed with the Registrar of Companies which may attract penalties.
  • There have been some instances of delay in filing of statutory and regulatory dues in the past with the various government authorities.
  • The company's business business could be adversely affected if our customers fails to renew their contracts with the company or the company fails to acquire new customers.
  • The company's business Promoter Group Company, Talent Destination Private Limited may have conflict of interest with us as it is engaged in similar business and may compete with the company.
  • The company may be unable to perform background verification procedures on our staffed personnel prior to placing them with its clients.
  • The company's business business operates with low EBITDA and Profit margins. Any increase in salary costs or changes in statutory dues applicable to non-core employees may adversely affect its profitability.
  • The company's business business is subject to extensive government regulation, which may restrict the types of services the company is permitted to offer or result in additional tax or other costs that reduce its revenues and earnings.
  • India has stringent labour legislation that protects the interests of workers, and if the company's business employees unionize the company maybe subject to industrial unrest, slowdowns and increased wage costs.
  • The company does not own its Registered Office from where the company's business operations are being conducted and have been taken on lease. Any difficulty in seeking renewal or extension of such lease terms may cause disruption in the company's business operations.
  • The company operates in a highly competitive and fragmented industry with low barriers to entry and may be unable to compete successfully against existing or new competitors, particularly in the unorganized segment.
  • The Company, Promoters, Directors, KMP and SMP are involved in certain legal proceedings and litigations. Any adverse decision in such proceedings may render the company/them liable to liabilities/penalties which may adversely affect its business, financial condition and results of operations.
  • The company's business directors do not have any prior experience of directorship in any of the listed entities.
  • The company has applied for registration of its name and logo and the same is under process. However, the company is not granted the trademark and do not own the "PAN HR " legally as on date of this Red Herring Prospectus. The company may be unable to adequately protect the company's business intellectual property. Furthermore, the company may be subject to claims alleging breach of third-party intellectual property rights.
  • The success of its services depends to a large extent on the success of the company's business end use customers. If there is any downturn in the industries in which the company's business customers operate, it could have a material adverse effect on its business, financial condition and results of operations.
  • The company's business insurance coverage may not be adequate and this may have a material adverse effect on its business financial condition and results of operation.
  • The company may issue Equity Shares at prices that may be lower than the offer Price in the last 12 months.
  • The average cost of acquisition of Equity Shares by its Promoters may be lower than the Floor Price.
  • There is no guarantee that the Equity Shares issued pursuant to the Offer will be listed on the SME Platform of BSE Limited in a timely manner or at all.
  • Any IT system failures or lapses on part of any of the company's business employees may lead to operational interruption, liabilities or reputational harm.
  • The company's business inability to effectively manage its growth or to successfully implement the company's business business plan and growth strategies could have an adverse effect on its business, results of operations and financial condition. The success of the company's business business will depend greatly on its ability to effectively implement the company's business business and growth strategies.
  • If the company is subjects to any fraud, theft, or embezzlement by the company's business employees, it could adversely affect its reputation, results of operations and financial condition. The company coulds be harmed by employee misconduct or errors that are difficult to detect and any such incidences could adversely affect its financial condition, results of operations and reputation.
  • Any failures or significant weakness of the company's business internal controls system could cause operational errors or incidents of fraud, which would adversely affect its profitability and reputation
  • The determination of the Price Band is based on various factors and assumptions and the Offer Price of the Equity Shares may not be indicative of the market price of the Equity Shares after the Issue.
  • The company has in the past entered into related party transactions and may continue to do so in the future.
  • The company's business funding requirements and the proposed deployment of Net Proceeds are not appraised by any independent agency, which may affect its business and results of operations.
  • The company's business success largely depends upon the knowledge and experience of its Promoters, Directors, the company's business Key Managerial Personnel and Senior Management as well as our ability to attract and retain personnel with technical expertise. Any loss of its Promoter, Directors, Key Managerial Personnel, Senior Management or the company's business ability to attract and retain them and other personnel with technical expertise could adversely affect the company's business business, financial condition and results of operations.
  • In addition to normal remuneration or benefits and reimbursement of expenses, some of the company's business directors and key managerial personnel are interested in the Company to the extent of their shareholding and dividend entitlement, if any in the Company.
  • The company has not commissioned an industry report for the disclosures made in the chapter titled "Industry Overview" and made disclosures on the basis of the data available on the internet.
  • The company has not made any alternate arrangements for meeting its capital requirements for the Objects of the Offer. Further the company has not identified any alternate source of financing the `Objects of the Offer'.
  • There is no monitoring agency appointed by the Company and the deployment of funds are at the discretion of its Management and our Board of Directors, though it shall be monitored by the Audit Committee.
  • The requirements of being a public listed company may strain the company's business resources and impose additional requirements.
  • The company faces intense competition which may lead to a reduction in the company's business market share and which may cause the company to increase its expenditure on marketing and promotion, which may result in an adverse effect on the company's business business and a decline in the company's business profitability.
  • The Company will not receive any proceeds from the Offer for Sale Portion, and the Selling Shareholders shall be entitled to the Offer Proceeds to the extent of the Equity Shares offered by it in the Offer for Sale.

The Issue type of PAN HR Solution Ltd is Book Building - SME.

The minimum application for shares of PAN HR Solution Ltd is 3200.

The total shares issue of PAN HR Solution Ltd is 2184000.

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.