# Pan HR Solution Limited: IPO analysis > Pan HR Solution Limited (CIN U74120UP2015PLC075271) has filed a Prospectus with SEBI for an IPO comprising an offer for sale of ₹3.0 Cr. In FY25 it reported revenue of ₹283 Cr (+0.8% on FY24) and a net profit of ₹5.0 Cr. Promoters hold 90.5% before the IPO. Our earlier look-up of its claims found no medium or high concerns across 16 claims looked up. - Page: https://ipo.innerkore.com/in/company/U74120UP2015PLC075271/pan-hr-solution-limited/ - CIN: U74120UP2015PLC075271 - Last updated: 10 Jun 2026 ## Key facts - **Company:** Pan HR Solution Limited - **CIN:** U74120UP2015PLC075271 - **Filing stage:** Prospectus - **Latest SEBI filing:** 10 Jun 2026 - **Offer for sale:** ₹3.0 Cr - **Final offer price:** ₹78.00 per share - **Bidding opens:** 6 Feb 2026 - **Bidding closes:** 10 Feb 2026 - **Listing on:** BSE - **Revenue FY25:** ₹283 Cr - **Revenue growth:** +0.8% - **Net profit FY25:** ₹5.0 Cr - **Revenue CAGR FY23 to FY25:** 5.2% - **Promoter holding (pre-IPO):** 90.5% - **Lead managers:** Marwadi Chandarana Intermediaries Brokers Private Limited - **Registrar:** Maashitla Securities Private Limited - **Earlier look-up flags:** 0 high, 0 medium, 1 low ## Key signals (read from the filing; not investment advice) - **Valuation** (looks fine): 8.4x P/E. At the top of the band, on FY25 profit; 1.1x book value. - **Growth** (concern): 5.2% a year. Sales FY23 to FY25; latest year +0.8%. - **Profitability** (concern): 1.8% net margin. FY25; operating margin steady. - **Debt** (looks fine): No borrowings. Nothing borrowed at the end of FY25. - **Profit into cash** (concern): 15% of profit. Operations brought in ₹0.8 crore against ₹5 crore of profit in FY25. - **One-off income** (looks fine): 7% of profit. Other and one-off income is 7% of pre-tax profit. - **Where the money goes** (concern): All for sale. Entirely an offer for sale: the company receives nothing. - **Red flags** (looks fine): None serious. 16 claims looked up earlier: 0 high, 0 medium concern. ## Financial snapshot (₹ crore unless stated; standalone) | | FY23 | FY24 | FY25 | 8M Nov-25 | |---|---:|---:|---:|---:| | Sales | 256 | 281 | 283 | 154 | | Sales growth | – | 9.8% | 0.8% | – | | Operating profit | 5.4 | 5.2 | 6.9 | 6.3 | | Operating margin | 2.1% | 1.9% | 2.4% | 4.1% | | Net profit | 3.9 | 4.2 | 5.0 | 5.1 | | Net margin | 1.5% | 1.5% | 1.8% | 3.3% | | Net worth | 38 | 44 | 37 | 45 | | Borrowings | 0.60 | 0.03 | 0.00 | 0.08 | | Return on equity | 10.2% | 9.7% | 13.6% | – | ## Use of proceeds (fresh issue) - Funding working capital requirements of our Company: ₹9.8 crore - General Corporate Purposes (1): ₹2.1 crore ## Claims looked up earlier - **LOW** (SubsidiaryPerformance): The company was originally incorporated as a private limited company under the Companies Act, 2013 in the name and style of “PAN HR Solution Private Limited” on December 23, 2015.. Several search results corroborate the claim, stating that Pan HR Solution Limited was originally incorporated as PAN HR Solution Private Limited on December 23, 2015 with the Registrar of Companies, Uttar Pradesh. - **NONE** (SubsidiaryPerformance): The authorized share capital was increased on September 24, 2025, from ₹ 8,00,0/- to ₹ 8,00,50,000/-.. The provided search results do not contain any information confirming or denying the claim that the authorized share capital was increased on September 24, 2025, from ₹ 8,00,0/- to ₹ 8,00,50,000/-. The search results focus on share prices, incorporation details, and financial performance, without mentioning this specific corporate action. - **NONE** (SubsidiaryPerformance): The authorized share capital was increased on September 17, 2025, from ₹ 7,00,0/- to ₹ 8,00,0/-.. The provided search results do not contain any information regarding an increase in the authorized share capital for Pan HR Solution Limited on September 17, 2025, from ₹ 7,00,0/- to ₹ 8,00,0/-. The search results focus on share prices, incorporation details, and financial performance. - **NONE** (SubsidiaryPerformance): The authorized share capital was increased on April 21, 2025, from ₹ 10,0/- to ₹ 7,00,0/-.. The provided search results do not contain any information regarding an increase in the authorized share capital for Pan HR Solution Limited on April 21, 2025, from ₹ 10 to ₹ 7,00,000. The search results focus on share prices, incorporation details, and financial performance. - **NONE** (SubsidiaryPerformance): The company's Memorandum of Association was amended on March 16, 2017, to substitute existing clauses with the provision to provide corporate and individual logistic services.. The search results do not contain any information regarding the amendment of the company's Memorandum of Association on March 16, 2017, or any substitution of clauses for logistic services. The results focus on share prices, incorporation dates, and financial performance. - **NONE** (SubsidiaryPerformance): The company's Memorandum of Association was amended on February 16, 2017, to insert provisions related to fleet carriers and transporters.. The provided search results do not contain any information confirming or denying that the Memorandum of Association of Pan HR Solution Limited was amended on February 16, 2017, to insert provisions related to fleet carriers and transporters. - **NONE** (SubsidiaryPerformance): Union Minister of Commerce and Industry Mr. Piyush Goyal projects exports to reach Rs. 85,44,000 crore (US$ 1 trillion) by 2030.. The provided search results do not contain any information corroborating or contradicting the claim that Union Minister Piyush Goyal projects exports to reach Rs. 85,44,000 crore (US$ 1 trillion) by 2030. The search results focus on stock prices, incorporation details, and company performance. - **NONE** (SubsidiaryPerformance): Exports reached Rs. 37,31,000 crore (US$ 436.6 billion) in FY25, with Engineering Goods accounting for 26.88%, Petroleum Products for 13.86%, and Electronic Goods for 8.89%.. The provided search results do not contain the specific financial breakdown (Exports reaching Rs. 37,31,000 crore with detailed segment percentages) mentioned in the DRHP claim. The results mainly provide links to live share prices, incorporation details, and general profit surge news for the company. - **NONE** (SubsidiaryPerformance): India’s real GDP for FY25 was estimated at Rs. 1,87,97,000 crore (US$ 2.20 trillion), growing from Rs. 1,76,51,000 crore (US$ 2.06 trillion) in FY24 with a 6.5% growth rate.. The provided search results do not contain any information regarding India's real GDP figures for FY25 as stated in the DRHP claim. The search results focus on stock prices, company incorporation details, and profitability reports for PAN HR Solution. - **NONE** (SubsidiaryPerformance): India is projected to reach a GDP of Rs. 4,26,45,000 crore (US$ 5 trillion) by 2027 and is on course to surpass Germany by 2028.. The provided search results do not contain any information regarding the projection of India's GDP reaching Rs. 4,26,45,000 crore by 2027 or any comparison to Germany by 2028. The results focus on stock prices, incorporation details, and company performance. - **NONE** (SubsidiaryPerformance): The downward revision of the global growth projection for 2025 by 0.5 percentage point to 2.8 percent was observed in the April 2025 WEO.. The provided search results do not contain any information regarding a downward revision of the global growth projection for 2025 by 0.5 percentage point to 2.8 percent in the April 2025 WEO. The results focus on stock prices, incorporation details, and profitability reports. - **NONE** (SubsidiaryPerformance): Global headline inflation is expected to fall to 4.2 percent in 2025 and 3.6 percent in 2026.. The provided search results do not contain any information regarding the expected global headline inflation rates for 2025 and 2026. Therefore, the search results do not corroborate, contradict, or provide any information relative to the claim. ## Common questions ### How big is the Pan HR Solution Limited IPO? Pan HR Solution Limited's IPO comprises an offer for sale of ₹3.0 Cr, according to its Prospectus. The price band is not stated in that document. ### What are Pan HR Solution Limited's revenue and profit? Pan HR Solution Limited reported revenue from operations of ₹283 Cr in FY25, +0.8% versus FY24. Net profit was ₹5.0 Cr (FY24: ₹4.2 Cr). Revenue grew at a compound rate of 5.2% a year from FY23 to FY25. Figures are read from the Prospectus, as printed there. ### How much do promoters own in Pan HR Solution Limited? Promoters hold 90.5% of Pan HR Solution Limited before the IPO. Largest holders listed: Rajeev Kumar (49.6%); Rajeev Kumar (49.6%); Rajni Kumari (40.8%). ### How will Pan HR Solution Limited use the IPO money? The fresh-issue proceeds are earmarked for: Funding working capital requirements of our Company (₹9.8 Cr); General Corporate Purposes (₹2.1 Cr). The offer-for-sale portion goes to the selling shareholders, not the company. ### What are the red flags in Pan HR Solution Limited's Prospectus? Earlier, we looked up 16 claims from the filing on the open web (we no longer do this, since SEBI reviews the filing): 0 raised a high concern, 0 medium and 1 low. This is an automated screen, not a verdict; each finding links to its sources. ### What does Pan HR Solution Limited do? Pan HR Solution convened a virtual investor meet, but the critical question remains: did this event actually comply with the stringent requirements of SEBI LODR Regulation 30? We dive deep into the regulatory gray area surrounding this IPO to uncover what the documentation—or lack thereof—really tells us about this… ### Who manages the Pan HR Solution Limited IPO? Book running lead managers: Marwadi Chandarana Intermediaries Brokers Private Limited. Registrar to the offer: Maashitla Securities Private Limited. Shares are proposed to list on BSE. ### Where can I read the original Pan HR Solution Limited IPO documents? All 1 filing for Pan HR Solution Limited (Prospectus) are listed on this page with links to the original PDFs on SEBI's website. Every page reference cites the exact page of the source document. ## Source documents - [PAN HR SOLUTION LIMITED](https://www.sebi.gov.in/sebi_data/attachdocs/jun-2026/1781091011695_1277.pdf) (Prospectus, filed 10 Jun 2026) --- Source: InnerKore IPO (https://ipo.innerkore.com/). Read from public SEBI filings by automated extraction; check the linked documents. Not investment advice.