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.
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.
There have been some instances of delay in filing of statutory and regulatory dues in the past with the various government authorities.
Our business could be adversely affected if our customers fail to renew their contracts with us or we fail to acquire new customers.
Our Promoter Group Company, Talent Destination Private Limited may have conflict of interest with us as it is engaged in similar business and may compete with us.
We may be unable to perform background verification procedures on our staffed personnel prior to placing them with our clients.
Our business is subject to extensive government regulation, which may restrict the types of services we are permitted to offer or result in additional tax or other costs that reduce our revenues and earnings.
India has stringent labour legislation that protects the interests of workers, and if the Company`s employees unionize the company maybe subject to industrial unrest, slowdowns and increased wage costs.
The company does not own the Company`s Registered Office from where its operations are being conducted and have been taken on lease. Any difficulty in seeking renewal or extension of such lease terms may cause disruption in the Company`s operations.
The Company operate in a highly competitive and fragmented industry with low barriers to entry and may be unable to compete successfully against existing or new competitors, particularly in the unorganized segment.
The Company, Promoters, Directors, KMP and SMP are involved in certain legal proceedings and litigations. Any adverse decision in such proceedings may render us/them liable to liabilities/penalties which may adversely affect its business, financial condition and results of operations.
The Company`s directors do not have any prior experience of directorship in any of the listed entities.
The company has applied for registration of our name and logo and the same is under process. However, the company is not granted the trademark and do not own the "PAN HR" legally as on date of this Draft Red Herring Prospectus. The company may be unable to adequately protect its intellectual property. Furthermore, the company may be subject to claims alleging breach of third-party intellectual property rights.
The success of the Company`s services depends to a large extent on the success of its end use customers. If there is any downturn in the industries in which the Company`s customers operate, it could have a material adverse effect on its business, financial condition and results of operations.
The Company`s insurance coverage may not be adequate and this may have a material adverse effect on its business financial condition and results of operation.
The Company`s may issue Equity Shares at prices that may be lower than the offer Price in the last 12 months.
The average cost of acquisition of Equity Shares by the Company`s Promoters may be lower than the Floor Price.
There is no guarantee that the Equity Shares issued pursuant to the Offer will be listed on the SME Platform of BSE Limited in a timely manner or at all.
Any IT system failures or lapses on part of any of the Company`s employees may lead to operational interruption, liabilities or reputational harm.
The Company`s inability to effectively manage its growth or to successfully implement the Company`s business plan and growth strategies could have an adverse effect on its business, results of operations and financial condition. The success of the Company`s business will depend greatly on its ability to effectively implement the Company`s business and growth strategies.
If the company is subject to any fraud, theft, or embezzlement by its employees, it could adversely affect the Company`s reputation, results of operations and financial condition. The company could be harmed by employee misconduct or errors that are difficult to detect and any such incidences could adversely affect its financial condition, results of operations and reputation.
Any failures or significant weakness of the Company`s internal controls system could cause operational errors or incidents of fraud, which would adversely affect its profitability and reputation.
The determination of the Price Band is based on various factors and assumptions and the Offer Price of the Equity Shares may not be indicative of the market price of the Equity Shares after the Issue.
The company has in the past entered into related party transactions and may continue to do so in the future.
The Company`s funding requirements and the proposed deployment of Net Proceeds are not appraised by any independent agency, which may affect its business and results of operations.
The Company`s success largely depends upon the knowledge and experience of its Promoters, Directors, the Company`s Key Managerial Personnel and Senior Management as well as the Company`s ability to attract and retain personnel with technical expertise. Any loss of its Promoter, Directors, Key Managerial Personnel, Senior Management or the Company`s ability to attract and retain them and other personnel with technical expertise could adversely affect its business, financial condition and results of operations.
In addition to normal remuneration or benefits and reimbursement of expenses, some of the Company`s directors and key managerial personnel are interested in the Company to the extent of their shareholding and dividend entitlement, if any in the Company.
The company has not commissioned an industry report for the disclosures made in the chapter titled "Industry Overview" and made disclosures on the basis of the data available on the internet.
The company has not made any alternate arrangements for meeting its capital requirements for the Objects of the Offer. Further the company has not identified any alternate source of financing the `Objects of the Offer`.
There is no monitoring agency appointed by the Company and the deployment of funds are at the discretion of its Management and the Company`s Board of Directors, though it shall be monitored by the Audit Committee.
The requirements of being a public listed company may strain the Company`s resources and impose additional requirements.
The company faces intense competition which may lead to a reduction in the Company`s market share and which may cause it to increase the Company`s expenditure on marketing and promotion, which may result in an adverse effect on its business and a decline in the Company`s profitability.
The Company will not receive any proceeds from the Offer for Sale Portion, and the Selling Shareholders shall be entitled to the Offer Proceeds to the extent of the Equity Shares offered by it in the Offer for Sale.
Initial public offer of upto 21,84,000 equity shares of face value of Rs. 10/- each ("Equity Shares") of PAN HR Solution Limited ("The Company" or "The Issuer") at a price of Rs. 78 per equity share (Including a Share Premium Of 68 Per Equity Share) for cash, aggregating up to Rs. 17.04 Crore ("Offer") comprising of a fresh issue up to 18,00,000 equity shares of face value of Rs. 10/- by the company aggregating up to Rs. 14.04 Crore ("Fresh Issue") and an offer for sale up to 3,84,000 equity... Moreares of face value of Rs. 10/-each ("Offer For Sale") by Rajni Kumari, aggregating up to Rs. 3 Crore ("Promoter Selling Shareholder", and such equity shares offered by the promoter selling shareholder, the "Offered Shares"). The offer includes up to 3,79,200 equity shares of face value of Rs.10 each, at an offer price of Rs. 78 per equity share for cash, aggregating Rs. 2.96 Crore will be reserved for subscription by the market maker to the offer (the "Market Maker Reservation Portion"). The offer less market maker reservation portion i.e. offer of up to 18,04,800 equity shares of face value of Rs.10 each, at an offer price of Rs. 78 per equity share for cash, aggregating upto Rs. 14.08 Crore is hereinafter referred to as the "Net Offer". The offer and net offer will constitute 30.29% and 25.03% respectively of the post-offer paid- up equity share capital of the company.
Price Band: Rs. 74.00/- to Rs. 78.00/- per equity share of face value of Rs. 10 each.
The floor price is 7.40 times the face value and cap price is 7.80 times of the face value of the equity shares.
Bids can be made for a minimum of 3200 equity shares and further in multiples of 1600 equity shares thereafter.Less
PAN HR Solution Ltd FAQ's
The shares of PAN HR Solution Ltd were first listed on the stock exchanges on June 26, 2024.
The total issue size of the PAN HR Solution Ltd IPO was 1,10,00,000 shares, amounting to Rs. 132 crore. they
The minimum lot size for PAN HR Solution Ltd public issue was 125 shares.
The price band of the IPO of PAN HR Solution Ltd was Rs. 114 to Rs. 120 per equity share.
PAN HR Solution Ltd IPO is a public issue through which the company raised approximately Rs. 132 crore by issuing around 1.1 crore equity shares to the public. After a successful IPO, the company’s shares are currently listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), where they are freely traded without restrictions.
Bigshare Services Private Limited is the registrar and share transfer agent of PAN HR Solution Ltd IPO.
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