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PAN HR Solutions IPO logo

PAN HR Solutions IPO Subscription History

BSE SME

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.

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  • QIB subscribed 6.57×, institutional investors have fully covered their reserved quota, reflecting measured confidence in the company's fundamentals.
  • HNI / NII category. Big NII (bids above ₹10 lakh) subscribed 31.65× and Small NII (below ₹10 lakh) subscribed 12.93×. High-net-worth investors are aggressively leveraging borrowed funds, signalling strong listing-gain expectations.
  • Retail investors subscribed 8.99×, solid retail participation across the board. Allotment is proportionate or lottery-based depending on final oversubscription.
QIB
6.57×
Qualified Institutional Buyers
NII
25.41×
Non-Institutional Investors
bNII
31.65×
Bids above ₹10L
sNII
12.93×
Bids below ₹10L
Retail
8.99×
Retail Individual Investors
Total
11.85×
Heavily Oversubscribed

Live Subscription Data

Last updated: Feb 10, 2026, 1:06 AM IST

Overall
11.85×
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×
-
Heavily Oversubscribed — 11.85× overall Allotment probability may be lower due to high demand

Day-wise Subscription Trend

How subscription built up across investor categories over time

Day-wise Subscription History

Snapshot of each day's bidding activity

Fri, Feb 06, 2026
0.32×
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× -
Tue, Feb 10, 2026
11.85×
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× -

Frequently Asked Questions

What is the current subscription status of PAN HR Solutions IPO?

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.

When was the PAN HR Solutions IPO subscription window open?

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.

What is the price band and minimum investment for PAN HR Solutions IPO?

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).

What is the QIB subscription for PAN HR Solutions IPO?

The QIB category has been subscribed 6.57 times. QIBs were offered 360,000 shares.

What is the Retail subscription for PAN HR Solutions IPO?

Retail investors subscribed 8.99 times. Retail was offered 633,600 shares.

What is the NII subscription for PAN HR Solutions IPO?

Overall NII: 25.41×. bNII (>₹10L): 31.65×, sNII (<₹10L): 12.93×. NII includes HNIs and corporate entities investing above ₹2 lakh.

How can I check my PAN HR Solutions IPO allotment status?

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.

When will PAN HR Solutions IPO be listed?

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.

What does 11.85× subscription mean for PAN HR Solutions IPO?

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.

What is the allotment probability for PAN HR Solutions IPO retail investors?

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.

How to apply for PAN HR Solutions IPO?

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.

What is the grey market premium (GMP) for PAN HR Solutions IPO?

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.

IPO Details

Open Date
Feb 06, 2026
Close Date
Feb 10, 2026
Allotment
Feb 11, 2026
Listing Date
Feb 13, 2026
Price Band
₹74 – ₹78
Lot Size
1,600 shares
Min. Investment
₹124,800
Exchange
BSE
Registrar
Maashitla Securities Pvt. ltd.
View Full IPO Details

What Happens Next

  1. Subscription Opens Done

    Feb 06, 2026
  2. Subscription Closes Done

    Feb 10, 2026
  3. Basis of Allotment Done

    Feb 11, 2026
  4. Listing on BSE Done

    Feb 13, 2026

Allotment Probability

Moderate

Better 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 Allocation

QIB 28.4%
NII 21.6%
Retail 50%
Total Shares 1,267,200

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Subscription Guide

≥ 10× Heavily Oversubscribed
1× – 10× Subscribed / Oversubscribed
0.5× – 1× Partially Subscribed
< 0.5× Under-subscribed

Higher subscription = lower allotment probability. Progress bars compare each category relative to the highest-subscribed category.