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PAN HR Solution Ltd

MiscellaneousIPOSME
₹78 - 78
₹78 - 78

Our Company operates on a B2B model and provides comprehensive manpower solutions, catering to a range of roles from unskilled to skilled blue-collar workers. We have a PAN India presence and provide providing human resource, staffing services and compliance solutions to customers in E-commerce, logistics, manufacturing, information technology and other sectors which enables them in streamlining the hiring process, reduces administrative burden, and ensuring suitable candidates. We offer range of services i.e. Manpower services, Payroll services, Facility management, staffing solutions, Compliance Audit and E-commerce Logistics which enables us to design and deliver a range of customized solutions suited to the specific needs of our customers, which strengthens our customer acquisition and retention capabilities. As a part of facility management services, we provide personnel for roles such as housekeeping staff, pantry boys, office assistants, and other support roles. We currently operate under a "Collect and Pay" Model, wherein the Company raises invoices on its Customers/Principal Employers for services rendered in accordance with the applicable terms and subsequently receives payment. The payments are then disbursed to the employees deployed at the client place.

Lot1,600Min Invest₹2,49,600Face Value₹10Issue Size₹17 CrFresh Issue₹14 CrOffer for Sale₹3 CrListing Price₹78CMP₹53

Timeline

6 Feb
Bidding opens
10 Feb
Bidding closes
11 Feb
Allotment
12 Feb
Refund & demat credit
13 Feb
Listing

Subscription

Subscription opens once dates are announced

Reports

Offer Details

Terms

Issue Size₹17 Cr0.22 Cr shares
Fresh Issue₹14 Cr
Offer for Sale₹3 Cr
Face Value₹10
Lot Size1,600 shares
ReservationQIB 49.73% · NII 15.16% · RETAIL 35.11%

Application Sizes

Retail₹2,49,6001-1 lots
sNII₹2,49,600from 2 lots
bNII₹11,23,200from 9 lots

Managers & Registrar

Lead ManagerMarwadi Chandarana Intermediaries Brokers Pvt Ltd
RegistrarMaashitla Securities Pvt Ltd

Ownership & Proceeds

Offer for Sale

Selling ShareholderShares OfferedAmt ₹ CrRajni KumariPRMTR3,84,0003.00Total3,84,0003.00

Shareholding

CategoryPre IPOPost IPOPromoter Group90.91%62.9%Public9.09%37.1%

Objects of the Issue

  1. Funding working capital requirements of the Company
  2. General Corporate Purposes

Financials

Profit & Loss

Financial YearFY22FY23FY24FY25FY26
RevenueCr269256281283235
Operating ProfitCr35578
OPM%1.12.11.92.43.3
PBTCr356138
PATCr244108
EPS1,074891813

Balance Sheet

Financial YearFY22FY23FY24FY25FY26
Equity CapitalCr00007
ReservesCr512141830
BorrowingsCr01000
Total AssetsCr1837423660

Cash Flow

Financial YearFY22FY23FY24FY25FY26
Operating Cash FlowCr061-14
Investing Cash FlowCr0-6505
Financing Cash FlowCr00-3-112
Net Cash FlowCr003-221

Strengths & Risks

Strengths · as stated in the DRHP
  • Extensive Workforce Deployment.
  • Strong Compliance and Regulatory Expertise.
  • Experienced Leadership and Management Team.
  • Comprehensive Service Portfolio.
Strategies · as stated in the DRHP
  • Geographical Diversification.
  • Diversified Service Portfolio.
  • Pay and Collect model.
  • Third Party Logistic model (3PL Model).
  • Sector Penetration.
Risks · as stated in the DRHP
  • 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.
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