Subscription Status · Feb 06 – Feb 10, 2026 · ₹74–78
The PAN HR Solutions IPO subscription has recorded strong investor demand with an overall subscription of 11.85× as of Feb 10, 2026, indicating that investors applied for 11.85 times the number of shares on offer. All investor categories (institutional, HNI, and retail) have participated actively, making this one of the closely watched IPO openings.
Last updated: Feb 10, 2026, 1:06 AM IST
| Category | Shares Offered | Shares Bid For | Times Subscribed | Applications |
|---|---|---|---|---|
|
QIB
Qualified Institutional Buyers
|
360,000 | 2,364,800 |
6.57×
|
- |
|
NII
Non-Institutional Investors
|
273,600 | 6,952,000 |
25.41×
|
- |
|
bNII
Bids above ₹10L
|
182,400 | 5,772,800 |
31.65×
|
- |
|
sNII
Bids below ₹10L
|
91,200 | 1,179,200 |
12.93×
|
- |
|
Retail
Retail Individual Investors
|
633,600 | 5,699,200 |
8.99×
|
- |
|
Total
|
1,267,200 | 15,016,000 |
11.85×
|
- |
How subscription built up across investor categories over time
Snapshot of each day's bidding activity
| Category | Offered | Bid For | Times | Applications |
|---|---|---|---|---|
| QIB | 360,000 | 360,000 | 1.00× | - |
| NII | 273,600 | 4,800 | 0.02× | - |
| bNII | 182,400 | - | - | - |
| sNII | 91,200 | 4,800 | 0.05× | - |
| Retail | 633,600 | 41,600 | 0.07× | - |
| Total | 1,267,200 | 406,400 | 0.32× | - |
| Category | Offered | Bid For | Times | Applications |
|---|---|---|---|---|
| QIB | 360,000 | 2,364,800 | 6.57× | - |
| NII | 273,600 | 6,952,000 | 25.41× | - |
| bNII | 182,400 | 5,772,800 | 31.65× | - |
| sNII | 91,200 | 1,179,200 | 12.93× | - |
| Retail | 633,600 | 5,699,200 | 8.99× | - |
| Total | 1,267,200 | 15,016,000 | 11.85× | - |
As of February 10, 2026, the PAN HR Solutions IPO has been subscribed 11.85 times overall. The IPO is fully subscribed with strong investor demand.
The PAN HR Solutions IPO subscription window was open from February 06, 2026 to February 10, 2026. Investors could apply through their demat account or ASBA facility.
The PAN HR Solutions IPO has a price band of ₹74 to ₹78 per share, with a lot size of 1,600 shares. Minimum retail investment: ₹118,400 (lower band) or ₹124,800 (upper band).
The QIB category has been subscribed 6.57 times. QIBs were offered 360,000 shares.
Retail investors subscribed 8.99 times. Retail was offered 633,600 shares.
Overall NII: 25.41×. bNII (>₹10L): 31.65×, sNII (<₹10L): 12.93×. NII includes HNIs and corporate entities investing above ₹2 lakh.
Basis of allotment is on February 11, 2026. Check via the registrar's website, Maashitla Securities Pvt. ltd. using your PAN number, application number, or DP/Client ID. You can also check on BSE/NSE websites or through your broker's app.
PAN HR Solutions IPO is expected to list on February 13, 2026. Shares will list on BSE SME platform. Allotted shares are credited to your demat account 1 business day before listing.
A subscription multiple of 11.85× means investors have bid for 11.85 times the total shares available. Since the IPO is oversubscribed, not every applicant will receive shares, allotment happens via lottery (for retail) or proportionately (for other categories). Higher multiples generally reduce allotment probability.
Based on the current retail subscription of 8.99×, the estimated allotment probability for retail investors is Moderate. Better odds than heavily subscribed IPOs. Retail allotment in oversubscribed IPOs is done by computerised lottery, each valid application has an equal probability regardless of the number of lots applied for.
You can apply for PAN HR Solutions IPO through: (1) ASBA (Application Supported by Blocked Amount) via your bank's net banking or mobile app, (2) UPI-based application through your broker's app (Zerodha, Groww, Angel One, etc.), or (3) directly via your demat account. The amount is blocked in your account and deducted only upon allotment. Applications were accepted from Feb 06 to Feb 10, 2026.
The grey market premium (GMP) reflects unofficial pre-listing trading sentiment. For the latest PAN HR Solutions IPO GMP data, check the IPORise GMP page. Note: GMP is unofficial, speculative, and not a guaranteed indicator of listing price. Use it only as a sentiment signal alongside official subscription data.
New to reading subscription numbers? Read our guide on IPO subscription explained.
Subscription Opens Done
Feb 06, 2026Subscription Closes Done
Feb 10, 2026Basis of Allotment Done
Feb 11, 2026Listing on BSE Done
Feb 13, 2026Better odds than heavily subscribed IPOs. Based on retail subscription of 8.99×.
Retail allotment in oversubscribed IPOs is done by computerised lottery, each valid application has equal odds regardless of lot size applied.
Share Subscription Card
Download a branded image to share on WhatsApp, Twitter, or Telegram
Higher subscription = lower allotment probability. Progress bars compare each category relative to the highest-subscribed category.