PAN HR Solution SME IPO Subscription Status
PAN HR Solution SME IPO closed on 10 February 2026 with an overall subscription of 12.36x based on shares applied. QIB demand came in at 6.57x, NII at 26.83x, and retail at 9.40x.
Allotment will be finalised on 11 February 2026. The stock is scheduled to list on NSE and BSE on 13 February 2026.
Issue Price
Rs 78.00
GMP Today
-
Overall Subscription
12.36x
Issue Size
₹14.08 Cr
Allotment Date
11 Feb 2026
Listing Date
13 Feb 2026
PAN HR Solution SME IPO Subscription by Amount
Category-wise subscription based on amount applied at issue price Rs 78.00
| Category | Amount Offered | Amount Applied | Subscription |
|---|---|---|---|
| QIB | Rs 2.81 Cr | Rs 18.45 Cr | 6.57x |
| FII | - | Rs 2.00 Cr | - |
| DFI | - | - | - |
| Mutual Funds | - | - | - |
| Other | - | Rs 16.45 Cr | - |
| NII | Rs 2.13 Cr | Rs 57.26 Cr | 26.83x |
| bNII (above Rs 10L) | Rs 1.42 Cr | Rs 47.99 Cr | 33.73x |
| Corporate | - | Rs 7.25 Cr | - |
| Individual | - | Rs 39.84 Cr | - |
| Other | - | Rs 89.86 L | - |
| sNII (Rs 2L to Rs 10L) | Rs 71.14 L | Rs 9.27 Cr | 13.04x |
| Corporate | - | Rs 3.74 L | - |
| Individual | - | Rs 8.75 Cr | - |
| Other | - | Rs 48.67 L | - |
| IND | Rs 4.94 Cr | Rs 46.45 Cr | 9.40x |
| Fixed price | - | Rs 46.45 Cr | - |
| Total | Rs 9.88 Cr | Rs 122.15 Cr | 12.36x |
PAN HR Solution SME IPO Subscription by Applications
Category-wise subscription based on applications received
| Category | Applications Offered | Applications Received | Subscription |
|---|---|---|---|
| QIB | 225 | 3 | 0.01x |
| FII | - | 1 | - |
| DFI | - | - | - |
| Mutual Funds | - | - | - |
| Other | - | 2 | - |
| NII | 57 | 647 | 11.35x |
| bNII (above Rs 10L) | 38 | 401 | 10.55x |
| Corporate | - | 39 | - |
| Individual | - | 354 | - |
| Other | - | 8 | - |
| sNII (Rs 2L to Rs 10L) | 19 | 246 | 12.95x |
| Corporate | - | 1 | - |
| Individual | - | 232 | - |
| Other | - | 13 | - |
| IND | 198 | 1,861 | 9.40x |
| Fixed price | - | 1,861 | - |
| Total | 480 | 2,511 | 5.23x |
What Do These Subscription Numbers Mean?
A subscription of 12.36x by shares means the IPO received bids for 12 times the shares reserved. Allotment odds depend on application count in each category, not share volume.
Here is what each category number tells you:
QIB at 6.57x by shares: This is the strongest signal on the page. QIBs are institutional investors, mutual funds, foreign institutions, and banks. When they subscribe at 6.57x, it reflects serious institutional conviction.
NII at 11.35x by applications: NII includes high net worth individuals applying above Rs 2 lakh. Proportional allotment uses application subscription. bNII came in at 10.55x and sNII at 12.95x by applications. Share subscription was 26.83x. Allotment uses application count, not share volume.
At 9.40x subscription by applications, approximately 1 in 9 retail applicants can expect an allotment (~11% per application). Retail allotment is done by lottery when oversubscribed.
PAN HR Solution SME IPO Allotment Chances
Allotment odds below use application subscription (number of bids received), not share or amount subscribed.
Retail (IND)
- •Application subscription: 9.40x.
- •Allotment odds: about 1 in 9 (~11% chance per application).
- •Method: Lottery. If allotted, you receive at least one lot.
- •One application per PAN. Multiple eligible accounts in a household can improve overall family odds, not individual odds.
SHNI (Rs 2 lakh to Rs 10 lakh)
- •Application subscription: 12.95x.
- •Allotment odds: about 1 in 13 for a minimum-lot application (~8% of the applied lot on average).
- •Method: Proportional. Shares allotted are based on your bid size, not a lottery.
BHNI (above Rs 10 lakh)
- •Application subscription: 10.55x.
- •Allotment odds: about 1 in 11 for a minimum-lot application (~9% of the applied lot on average).
- •Method: Proportional. Shares allotted are based on your bid size, not a lottery.
- •Share subscription was 33.73x. Allotment uses application count, not share volume.
Check the PAN HR Solution SME IPO Allotment Status page from 11 February 2026 for your allotment result.
PAN HR Solution SME IPO Day-wise Subscription
| Day | QIB | NII | Retail | Overall |
|---|---|---|---|---|
| Day 1 - 6 Feb 2026 | 3.52x | 0.02x | 0.11x | 1.06x |
| Day 2 - 9 Feb 2026 | 3.52x | 0.57x | 0.72x | 1.48x |
| Day 3 - 10 Feb 2026 | 6.57x | 25.41x | 8.99x | 11.85x |
PAN HR Solution SME IPO Key Dates
| Event | Date |
|---|---|
| IPO Open Date | 6 February 2026 |
| IPO Close Date | 10 February 2026 |
| Allotment Date | 11 February 2026 |
| Refund Initiation | 12 February 2026 |
| Share Credit to Demat | 12 February 2026 |
| Listing Date | 13 February 2026 |
| Minimum Investment | Rs 2,49,600.00 |
| Lot Size | 1600 shares |
About PAN HR Solution SME
No company information available
Understanding Subscription Categories
QIB - Qualified Institutional Buyers
Includes foreign institutional investors, domestic financial institutions, mutual funds, and other qualified institutions. QIB demand is considered the most reliable indicator of institutional confidence in an IPO.
NII - Non-Institutional Investors
High net worth individuals applying above Rs 2 lakh. Divided into bNII (above Rs 10 lakh) and sNII (Rs 2 lakh to Rs 10 lakh). NII allotment is proportional.
IND - Individual Investors
Investors applying up to Rs 2 lakh per PAN. Allotment is by lottery when oversubscribed. Minimum one lot per successful applicant.
PAN HR Solution SME IPO Subscription FAQs
What is PAN HR Solution SME IPO subscription status today?
PAN HR Solution SME IPO subscription closed on 10 February 2026 with overall subscription of 12.36x (by shares) as of 27 June 2026, 3:17 AM IST. QIB 6.57x, NII 11.35x, IND 9.40x.
What is the overall subscription of PAN HR Solution SME IPO?
PAN HR Solution SME IPO is subscribed 12.36x overall by shares at close on 10 February 2026. QIB 6.57x, NII 11.35x, and IND 9.40x.
What is PAN HR Solution SME IPO QIB subscription?
PAN HR Solution SME IPO QIB (Qualified Institutional Buyers) subscription is 6.57x by shares. QIB includes mutual funds, FIIs, banks, and other institutions.
What is PAN HR Solution SME IPO IND subscription?
PAN HR Solution SME IPO IND subscription is 9.40x by applications. Minimum retail bid is up to Rs 2 lakh per PAN.
What is PAN HR Solution SME IPO NII subscription?
PAN HR Solution SME IPO NII (Non-Institutional Investors) subscription is 11.35x by applications. NII covers bids above Rs 2 lakh.
What are allotment chances in PAN HR Solution SME IPO for retail?
At 9.40x subscription by applications, approximately 1 in 9 retail applicants can expect an allotment (~11% per application). Allotment is done by lottery.
When is PAN HR Solution SME IPO allotment date?
PAN HR Solution SME IPO allotment date is 11 February 2026. Check PAN HR Solution SME IPO Allotment Status on IPOwiz from that day using your PAN.
When does PAN HR Solution SME IPO subscription close?
PAN HR Solution SME IPO subscription closed on 10 February 2026. No new applications are accepted after the close.
What is PAN HR Solution SME IPO GMP today?
GMP for PAN HR Solution SME IPO is not available yet. Track PAN HR Solution SME IPO GMP Today on IPOwiz once grey market activity starts.
What is PAN HR Solution SME IPO issue price and lot size?
PAN HR Solution SME IPO issue price is ₹78 per share. Lot size is 1600 shares. Minimum investment is ₹2,49,600 per lot (minimum 2 lots for SME). Issue size: ₹14.08 Cr.
When is PAN HR Solution SME IPO listing date?
PAN HR Solution SME IPO listing date is 13 February 2026 on NSE and BSE. Allotment is on 11 February 2026.
How does subscription affect PAN HR Solution SME IPO allotment?
Allotment odds in PAN HR Solution SME IPO depend on application subscription in each category, not share volume. Retail uses lottery when oversubscribed. NII proportional allotment at 11.35x by applications means roughly 1 in 11 for minimum-lot bids; bNII at 10.55x (~1 in 11). At 12.36x overall, competition is high.
For allotment results from 11 February 2026, visit the PAN HR Solution SME IPO Allotment Status page. For listing day updates on 13 February 2026, download the IPOwiz App.
Reviewed by Dinesh Agrawal
15+ years in Indian capital markets and IPO research. Subscription data verified before publish.