TNA Solutions IPO
GMP, Subscription, Price, Dates & Financial Details
Textile
Incorporated in September 2021 as TNA Solutions LLP and subsequently converted into a public limited company in June 2024, TNA Solutions Limited is engaged in the manufacturing and supply of value-added home textile and furnishing products for both domestic and international markets. The Company…
Open Date
Wed, 30 Sep 2026
Close Date
Tue, 06 Oct 2026
Price Band
₹ 66 – 70
Lot Size
2000
Issue Size
₹ 37.86 Cr
Minimum Investment
₹ 280,000 (4000 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
TNA Solutions IPO is set to open its Initial Public Offering (IPO) for subscription on September 30, 2026. According to the Red Herring Prospectus (RHP), the IPO is a book-built issue with a total issue size of ₹37.86 Crore, comprising a fresh issue of 54.08 Lakh equity shares aggregating to ₹37.86 Crore.
The TNA Solutions IPO will open for subscription on September 30, 2026, and close on October 06, 2026. The basis of allotment is expected to be finalized on October 07, 2026, while the shares are tentatively scheduled to be listed on BSE SME Platform on October 09, 2026.
The company has fixed the price band at ₹66 to ₹70 per share, with a lot size of 2000 shares. Retail investors will require a minimum investment of ₹280,000 (based on the upper price band) to apply for one lot.
Maashitla Securities Pvt. Limited is the registrar to the issue. Credora Partners Pvt.Ltd. are the Book Running Lead Managers (BRLMs) to the issue.
Before investing in the TNA Solutions IPO, investors should carefully review the company's financial performance, business model, IPO objectives, and risk factors disclosed in the offer documents. Investors should also ensure that they submit their applications before the subscription window closes on October 06, 2026.
TNA Solutions IPO Timeline (Tentative)
- IPO Open Date
- Wed, 30 Sep 26
- IPO Close Date
- Tue, 06 Oct 26
- Basis of Allotment
- Wed, 07 Oct 26
- Initiation of Refunds
- Thu, 08 Oct 26
- Credit of Shares to Demat
- Thu, 08 Oct 26
- Listing Date
- Fri, 09 Oct 26 — BSE
Open Date
30 September 2026
Close Date
06 October 2026
Basis Of Allotment
07 October 2026
Listing Date
09 October 2026
IPO Subscription
Check Live Subscription →The TNA Solutions IPO subscription Data Unavailable. Subscription data will be available once biddings start. Bidding is open from 10:00 AM to 5:00 PM on 30 September 2026
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 17,98,000 shares, representing 35.01% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 10,26,000 shares (19.98%), while Non-Institutional Investors (NIIs) receive 7,74,000 shares (15.07%).
| Category | Shares Offered | Shares Offered |
|---|---|---|
| Anchor Investors | 1,538,000 | 29.95% |
| Qualified Institutions | 1,026,000 | 19.98% |
| Non-Institutional | 774,000 | 15.07% |
| BNII | 516,000 | 10.05% |
| SNII | 258,000 | 5.02% |
| Retail Investors | 1,798,000 | 35.01% |
| Total | 5,136,000 | 100% |
Financials Details(₹ in Crores)
| Particular | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 94.21 | 57.47 | 24.33 |
| Revenue | 110.45 | 84.13 | 36.32 |
| Profit After Tax | 9.58 | 6.66 | 2.69 |
| Net Worth | 35.94 | 22.86 | 4.98 |
| Reserve & Surplus | 32.94 | 20.01 | 3.07 |
| Total Borrowings | 46.29 | 25.73 | 11.38 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
TNA Solutions Limited KPI Information
| Particular | Mar 2026 | Mar 2025 | Mar 2024 |
|---|---|---|---|
| ROE % | 32.6 | 47.83 | 84.38 |
| ROCE % | 42.84 | 51.65 | 89.4 |
| Debt / Equity | 1.29 | 1.13 | 2.29 |
| RoNW % | 26.67 | 29.13 | 53.93 |
| Pat Margin % | 9.16 | 8.17 | 7.5 |
Peers Comparison
| Company | Face Value | PE Ratio | EPS Basic | EPS Diluted | RoNW | Net Assets |
|---|---|---|---|---|---|---|
| TNA Solutions Limited | 10 | 0 | 6.41 | 6.41 | 32.6 | 119.8 |
| VTM Limited | 10 | 41.84 | 1.11 | 1.11 | 5.18 | 31.32 |
| Faze Three Limited | 10 | 37.35 | 11.53 | 11.53 | 6 | 182.33 |
About TNA Solutions Limited
Incorporated in September 2021 as TNA Solutions LLP and subsequently converted into a public limited company in June 2024, TNA Solutions Limited is engaged in the manufacturing and supply of value-added home textile and furnishing products for both domestic and international markets. The Company primarily operates under a business-to-business (B2B) manufacturing model, supplying products to global retailers, importers, wholesalers and domestic brands. Its products are manufactured according to customer specifications and are generally marketed and sold under the respective brands of its customers.
The Company's product portfolio comprises a diverse range of home textile and furnishing products, including bed sheet sets, pillow covers, towels, comforters, quilts, dohars and mattress protectors. By offering a range of products across different categories, the Company caters to varying requirements of its customers in the home furnishing and textile segments.
TNA Solutions follows an integrated manufacturing and sourcing process. The Company procures greige and processed fabrics from third-party weavers, textile mills and processing houses, which are subsequently converted into finished products at its manufacturing facility located in Indore, Madhya Pradesh. The manufacturing process includes various stages such as fabric cutting, stitching, embroidery, finishing, quality inspection, packaging and dispatch. This enables the Company to undertake value addition across multiple stages of the production cycle while maintaining control over product quality and delivery schedules.
In addition to its B2B manufacturing operations, the Company has established a business-to-consumer (B2C) presence under its own brand, “Ambra Linens,” which was launched in 2022. Products under the Ambra Linens brand are sold through e-commerce marketplaces, retailers and wholesalers, enabling the Company to directly access end consumers and diversify its distribution channels. The Company further expanded its direct-to-consumer presence through the launch of its own website in July 2026, providing an additional platform for selling its products directly to customers.
The Company places emphasis on product quality, manufacturing efficiency, customization and timely delivery. Its manufacturing operations are supported by multi-stage quality control processes designed to monitor product quality at various stages of production. The Company also leverages technology-enabled processes for operational coordination, production management and quality monitoring.
TNA Solutions is supported by an experienced management team with knowledge of the home textile, manufacturing, sourcing, product development and supply chain segments. The Company's operational capabilities, diversified product portfolio and presence across both B2B and B2C channels enable it to cater to a broad customer base across domestic and international markets.
As of July 31, 2026, TNA Solutions Limited had 193 employees on payroll and 66 contractual employees. Its workforce is primarily engaged in production, quality assurance, logistics, product design and sampling, and other operational and administrative functions, supporting the Company's manufacturing and distribution activities.
Overall, TNA Solutions Limited operates as a value-added home textile manufacturing company, combining customer-specific manufacturing capabilities with its own branded B2C business. Its presence across B2B and B2C channels, diversified product portfolio, manufacturing capabilities and focus on quality and timely delivery form the key components of its business model.
TNA Solutions IPO Promoters
- Ambuj Jain
- Ayush Jain
- Tanu Jain
Promoters Holding
Holding Pre Issue
68.69%
Holding Post Issue
50.48%
TNA Solutions IPO Objective
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects.
- Funding of capital expenditure requirement towards civil construction of the new manufacturing unit and purchase of plant and machinery
- Funding of Working Capital Requirements
- General Corporate Purposes
TNA Solutions Limited Address / Contact Details
TNA Solutions Ltd.
Survey No. 403/5
Sonvay, Tehsil Mhow
Rao
Indore, Madhya Pradesh, 453331
Tel: 07317150314
Email: Info@tnasolutions.co.in
Website: https://tnasolutions.co.in/
IPO Snapshot
TNA Solutions IPO Lot Size
The TNA Solutions IPO has a lot size of 2,000 shares. Retail investors require a minimum investment of ₹2,80,000 by applying for 2 lot (4,000 shares). The maximum application allowed for the retail category is 2 lots (4,000 shares), requiring an investment of ₹2,80,000.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 4,000 | 280,000.00 |
| Retail (Max) | 2 | 4,000 | 280,000.00 |
| S-HNI (Min) | 3 | 6,000 | 420,000.00 |
| S-HNI (Max) | 7 | 14,000 | 980,000.00 |
| B-HNI (Min) | 8 | 16,000 | 1,120,000.00 |
Issue Reservation
- Anchor Investors — 29.95%
- QIB — 19.98%
- NII — 15.07%
- RII — 35.01%
Book Running Lead Managers
- Credora Partners Pvt.Ltd.
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the TNA Solutions IPO?
TNA Solutions IPO is a Book-building IPO with a total issue size of ₹37.86 crore. The TNA Solutions IPO price band is ₹66 to 70 per share. The TNA Solutions IPO subscription opens on Wed, Sep 30, 2026, and closes on Tue, Oct 6, 2026. The TNA Solutions IPO will be listed on the BSE. Maashitla Securities Pvt. Limited is the registrar for the TNA Solutions IPO.
When will the TNA Solutions IPO open for subscription?
The TNA Solutions IPO opens on Wed, Sep 30, 2026 and closes on Tue, Oct 6, 2026
What is TNA Solutions IPO Price Band?
TNA Solutions IPO Price Band is ₹66 to 70 per share.
What is TNA Solutions IPO Lot Size?
TNA Solutions IPO lot size is 2000 shares, Retail investors need a minimum investment of ₹280000 based on the upper price band
What is the minimum investment for TNA Solutions IPO?
The minimum investment for TNA Solutions IPO is ₹280000, based on one lot of 2000 shares at the upper price band of ₹70 per share.
How to apply for TNA Solutions IPO?
Investors can apply for the TNA Solutions IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Tue, Oct 6, 2026. The application amount remains blocked until the TNA Solutions IPO allotment is finalized.
What is TNA Solutions IPO Issue Size?
TNA Solutions IPO issue size is ₹37.86 crores.
What is the TNA Solutions IPO Allotment Date?
TNA Solutions IPO allotment date is Wed, Oct 7, 2026.
Who is the TNA Solutions IPO Registrar?
The registrar for TNA Solutions IPO is Maashitla Securities Pvt. Limited. Investors can go to Maashitla Securities Pvt. Limited website to check TNA Solutions IPO allotment status, refund processing, and other IPO-related information.
Who is the TNA Solutions IPO Lead Manager?
The book-running lead managers (BRLMs) for the TNA Solutions IPO are Credora Partners Pvt.Ltd. . The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the TNA Solutions IPO Red Herring Prospectus (RHP).