PAN HR Solutions IPO Listing caught the attention of investors today as the company made its debut on the BSE SME platform. The shares listed at ₹78.35 apiece, just 0.44% above the issue price of ₹78, marking a modest start for the company in the stock market.
The listing follows a highly subscribed IPO that attracted strong interest from retail and institutional investors alike. Investors who participated in the IPO are now watching how the stock will perform in the coming days.
Market Performance: PAN HR Shares Open Steady
PAN HR Solutions opened its share price at ₹78.35 on the BSE SME, reflecting a muted market response. The debut price indicates a near-parity listing compared to the IPO issue price.
Investors witnessed:
- Listing Price: ₹78.35 per share
- Issue Price: ₹78 per share
- Listing Premium: 0.44%
Despite the minimal premium, the listing represents the company’s successful entry into the public markets.
PAN HR Solutions IPO Subscription Overview
The IPO of PAN HR Solutions received significant interest during its three-day subscription period, showing strong demand across all investor categories.
Key subscription highlights:
- Overall Subscription: 11.85 times
- Retail Investors: 8.99 times subscribed
- Non-Institutional Investors (NII): 25.41 times subscribed
- Qualified Institutional Buyers (QIBs): 6.57 times subscribed
- Total Shares Bids Received: 1.50 crore shares against 12.67 lakh shares on offer
The oversubscription indicates robust investor confidence in the company’s business model and operations.
PAN HR Solutions IPO Details
PAN HR Solutions opened its SME IPO for subscription on February 6 and closed on February 10. The allotment was finalized on February 11.
Important details of the IPO include:
- Price Band: ₹74–78 per share
- Total Fund Raise: ₹17.04 crore at the upper end
- Fresh Issue: 18 lakh shares, ₹14 crore
- Offer for Sale (OFS): 4 lakh shares, ₹3 crore
- Net Proceeds Use:
- ₹9.75 crore for working capital
- Remaining for repayment of borrowings and general corporate purposes
- Lot Size: 1,600 shares
- Minimum application for retail investors: 2 lots (3,200 shares)
- Investment at upper band: ₹2,49,600
The IPO also saw early support from anchor investors, raising ₹4.19 crore prior to public subscription on February 5.
- Book Running Lead Manager: Marwadi Chandarana Intermediaries Brokers
- Registrar: Maashitla Securities
- Market Maker: Giriraj Stock Broking
About PAN HR Solutions
Founded in 2015, PAN HR Solutions has established itself as a full-service HR solutions provider in India. The company specializes in comprehensive human resource services, including:
- Staffing and recruitment
- Payroll processing and administration
- Facility management
- Compliance audits
- E-commerce logistics support
Operating on a B2B model, PAN HR Solutions caters to multiple industries, providing manpower solutions for both skilled and unskilled blue-collar roles.
As a one-stop HR solutions company, PAN HR Solutions delivers end-to-end services covering recruitment, staffing, payroll management, compliance management, and facility services. This integrated approach has helped the company build a strong operational footprint in India.
Summary: A Stable Debut for PAN HR IPO
The PAN HR Solutions IPO listing marks the company’s transition from private to public ownership. The shares opened at ₹78.35, showing a stable start with minimal premium over the issue price.
The strong subscription levels across retail, institutional, and QIB categories reflect investor confidence in the company’s HR business model and operational capabilities.
With its clear focus on providing end-to-end HR solutions and a strategic use of IPO proceeds for working capital and debt repayment, PAN HR Solutions is well-positioned for growth in the SME and corporate HR services sector.
The listing may not have delivered a high listing premium, but it establishes PAN HR Solutions as a recognized name in the public equity market, giving investors a stake in India’s evolving HR services landscape.
Source: Livemint
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