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TNA Solutions Ltd IPO
BSE SME Bookbuilding IPO Fresh capital only Open Now
GMP +₹0 +0% Est. Listing ₹70
Issue Price
₹70
Face ₹10
GMP
+₹0
+0% premium
Est. Listing
₹70
GMP based
Subscribed
1.71
⚠️ Moderate
Min Amount
₹140,000
1 lot · 2,000 shares
Lot Size
2,000
shares / lot
Allotment
IPO Infomation
Important Dates
1/6 completed
Open
Close
Allotment
Refund
Demat
Listing
Done
Open Date
30 Sep 2026
Wed Completed
Soon
Close Date
06 Oct 2026
Tue Upcoming
Soon
Allotment
07 Oct 2026
Wed Upcoming
Soon
Refund
08 Oct 2026
Thu Upcoming
Soon
Demat Credit
08 Oct 2026
Thu Upcoming
Soon
Listing Date
09 Oct 2026
Fri Upcoming
Issue Details
Pricing & Size
Issue Price
₹70 Face ₹10
Lot Size
2,000 shares
Min Investment
₹140,000
Total Issue Size
54,08,000 shares (agg. up to ₹38 Cr)
IPO Information
Issue Type
Bookbuilding IPO
Sale Type
Fresh capital only
Listing Exchange
BSE SME
Script / Ticker
-
Allocation Breakdown
Market Maker
2,72,000
QIB Portion
1026000.00
NII / HNI
774000.00
Retail
1800000.00
Employee
-
Net Offer to Public
51,36,000 shares (agg. up to ₹36 Cr)
Shareholding Pattern
Pre-Issue Shareholding
1,50,00,000 shares
Post-Issue Shareholding
2,04,08,000 shares
Application Size
CategoryMin LotsSharesAmount
Retail (sNII) 2 4000 2,80,000
HNI / NII 3 6,000 4,20,000
Objects of Issue
3 objectives
1
Funding of capital expenditure requirement towards civil construction of the new manufacturing unit and purchase of plant and machinery
6.76 Cr
2
Funding of Working Capital Requirements
20.00 Cr
3
General Corporate Purposes
Lead Managers & Market Maker
Book Running Lead Managers
Credora Partners Pvt.Ltd
Market Maker
Pace Stock Broking Services Pvt.Ltd
IPO Timeline
Open
30 Sep
✓ Done
Close
06 Oct
Upcoming
Allotment
07 Oct
Upcoming
Listing
09 Oct
Upcoming
Registrar Details
Maashitla Securities Pvt.Ltd
SEBI Registered Registrar & Transfer Agent
Phone
011-45121795
Email
investor.ipo@maashitla.com
Company Contact
Email
Info@tnasolutions.co.in
Phone
7317150314
Address
Survey No. 403/5 Sonvay, Tehsil Mhow Rao Indore, Madhya Pradesh, 453331
Grey Market Premium
LIVE
Current GMP
+₹0
+0% vs Issue Price
Issue Price
₹70
Est. Listing
₹70
Lot Size
2,000 shares
P&L / Lot
+₹0
GMP is unofficial grey market data. Does not guarantee listing price or returns.
GMP Return Calculator
Estimated Listing
GMP %
Investment (1 Lot)
Total Investment
Expected P&L
ROI
1.71
Overall Sub.
⚠️ Moderate
4.77
QIB
0.64
Retail
Category-wise Subscription
Category Sub (×) Offered Bid For Amt (Cr)*
QIB 4.77× 10,26,000 48,96,000 ₹34.27 Cr
NII / HNI (Total) 0.12× 7,74,000 96,000 ₹0.67 Cr
Retail Investors 0.64× 18,00,000 11,60,000 ₹8.12 Cr
Total ** 1.71× 36,00,000 61,52,000 ₹43.06 Cr
Market Maker * 1× 2,72,000 2,72,000 ₹1.90 Cr
* Based on ₹70.00 (upper price band)
NII / HNI Breakdown
Shares Reserved
QIB
10,26,000
NII
7,74,000
Retail
18,00,000
Market Maker
2,72,000
* Shares Offered and Total Amount are indicative. ** Excluding Market Maker portion. Data sourced from exchange bidding platform.
Financial Summary
Amount in ₹ Lakhs
Metric31 Mar 202631 Mar 202531 Mar 2024
Revenue110.4584.1336.32
PAT9.586.662.69
EBITDA12.6810.265.13
Net Worth35.9422.864.98
Total Assets94.2157.4724.33
Reserves32.9420.013.07
Borrowings46.2925.7311.38
Key Financial Ratios
32.60
ROE
Return on Equity
42.84
ROCE
Return on Capital Employed
26.67
RONW
Return on Net Worth
9.16
PAT Margin
PAT / Revenue
12.12
EBITDA Mgn
EBITDA / Revenue
1.29
D/E Ratio
Debt to Equity
0.58
P/BV
Price to Book Value
6.39
Pre EPS
EPS Pre-Issue
4.70
Post EPS
EPS Post-Issue
10.95
Pre P/E
P/E Pre-Issue
14.89
Post P/E
P/E Post-Issue
About TNA Solutions Ltd

Incorporated in September 2021, TNA Solutions Limited is engaged in the manufacturing of home textile products for domestic and international customers. Its manufacturing facility is located in Indore, Madhya Pradesh, where it converts processed fabrics into finished home furnishing products based on customer specifications. The Company offers a diversified portfolio of home textile products, including sheet sets, pillow shells and covers, towels, and top-of-bed products such as comforters, quilts, dohars and mattress protectors. It primarily operates under a B2B manufacturing model, supplying products to global retailers, importers and domestic brands under their respective brands or specified labels. The Company also operates through B2C channels, including e-commerce marketplaces, wholesalers and retailers, and has its own brand “Ambra Linens”, launched in 2022.

The Company follows a focused manufacturing model wherein it procures greige fabric from weavers and finished or processed fabric from mills, processing houses and stockists. Third-party processing houses undertake activities such as weaving, dyeing and printing, while the Company carries out cutting, stitching, embroidery, finishing, quality assurance, packaging and dispatch at its Indore facility. It launched its own website for Ambra Linens in July 2026, further expanding its direct-to-consumer presence.

The Company has a geographically diversified, export-oriented revenue base and focuses on product quality, manufacturing efficiency and timely delivery. Its operations are supported by technology-enabled processes and a multi-stage quality control system. The Company also benefits from experienced promoter management and capabilities across product development, production planning, sourcing, quality assurance and customer servicing.

As of July 31, 2026, the Company had 193 employees on payroll and 66 contractual employees, with its workforce primarily engaged in production and planning, quality assurance, warehouse and stores, and other operational and support functions.

Competitive Strengths

  • Diversified Home Textile Product Portfolio.
  • Multi-Stage In-House Quality Control System.
  • Technology-Enabled and Integrated Operations.
  • Experienced and Hands-On Promoter Management.
  • Geographically Diversified and Export-Oriented Revenue Base.
Frequently Asked Questions
What is the issue price of TNA Solutions Ltd IPO?
The issue price of TNA Solutions Ltd IPO is ₹70 per share, face value ₹10.
What is the lot size?
Minimum lot size is 2,000 shares, requiring ₹140,000.
What are the IPO dates?
Opens 30 Sep 2026, closes 06 Oct 2026.
When is the listing date?
Tentative listing: 09 Oct 2026 on BSE SME.
What is the current GMP?
Current GMP is +₹0, estimated listing ₹70 (+0%). GMP is unofficial.
How to apply?
Apply via ASBA through your bank, or via UPI through any broker app.

Check Allotment Status

TNA Solutions Ltd IPO · Expected 07 Oct 2026

Check on Registrar
Post-IPO Timeline
Allotment Date
07 Oct 2026
Refund Initiation
08 Oct 2026
Demat Credit
08 Oct 2026
Listing Date
09 Oct 2026
Quick Facts
Open
GMP Signal
Bullish
+₹0
+0%
Issue Price
₹70
Face ₹10
Lot Size
2,000
shares / lot
Min Amount
₹140,000
1 lot
Est. Listing
₹70
GMP +₹0
Subscription
Overall1.71×
QIB4.77×
NII0.12×
Retail0.64×
Key Dates
Open
30 Sep Done
Close
06 Oct Soon
Listing
09 Oct Soon
Registrar
Maashitla Securities Pvt.Ltd
A
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