TNA Solutions IPO is a book-built SME IPO with a total issue size of ₹37.86 crore. The issue consists entirely of a fresh issue of 54,08,000 equity shares, with no offer-for-sale component. The IPO price band is fixed at ₹66 to ₹70 per share, and the lot size is 2,000 shares. The equity shares are proposed to be listed on the BSE SME platform.
The TNA Solutions IPO opens for subscription on 30 September 2026 and closes on 6 October 2026. The basis of allotment is expected to be finalised on 7 October 2026, while refunds and the credit of shares to successful applicants are scheduled for 8 October 2026. The tentative listing date for the IPO is 9 October 2026.
TNA Solutions Limited is engaged in the manufacturing of home textile and home furnishing products for domestic and international customers. The company offers a diversified product portfolio that includes sheet sets, pillow covers, towels, comforters, quilts, mattress protectors and other home furnishing products. Its products are designed to cater to varying customer preferences across different market segments.
The company operates its manufacturing facility from Indore, Madhya Pradesh, where it undertakes key production activities. Through its manufacturing capabilities and product range, TNA Solutions serves customers in India as well as overseas markets. The home textile industry is influenced by factors such as consumer demand, export opportunities, raw material availability and changing lifestyle preferences, which may impact the company’s business performance.
Investors can evaluate the IPO by reviewing the company’s financial performance, business model, issue objectives, valuation and risk factors disclosed in the offer documents. As with other SME IPOs, investors should also consider the minimum investment requirement, market liquidity and the characteristics associated with SME-listed securities before making an investment decision.
Table of Contents
IPO Details Information
| Particular | Details |
|---|---|
| IPO Name | TNA Solutions IPO |
| Company Name | TNA Solutions Limited |
| IPO Type | SME IPO |
| Issue Type | Book Build Issue |
| Face Value | ₹10 per Equity Share |
| Price Band | ₹66 to ₹70 per Share |
| Total Issue Size | ₹37.86 Cr |
| Total Issue Shares | 54,08,000 Shares |
| Fresh Issue | 54,08,000 Shares |
| Offer for Sale | Nil |
| Market Maker Portion | 2,72,000 Shares |
| Net Offered to Public | 51,36,000 Shares |
| Listing At | BSE SME |
| IPO Open Date | 30 September 2026 |
| IPO Close Date | 6 October 2026 |
| Allotment Date | 7 October 2026 |
| Listing Date | 9 October 2026 |
| Lot Size | 2,000 Shares |
| Minimum Retail Application | 2 Lots / 4,000 Shares |
| Minimum Retail Investment | ₹2,80,000 |
| Registrar | Maashitla Securities Pvt. Ltd. |
| Lead Manager | Credora Partners Pvt. Ltd. |
| Market Maker | Pace Stock Broking Services Pvt. Ltd. |
IPO Dates
| IPO Event | Date |
|---|---|
| IPO Open Date | 30 September 2026 |
| IPO Close Date | 6 October 2026 |
| Basis of Allotment | 7 October 2026 |
| Initiation of Refunds | 8 October 2026 |
| Credit of Shares to Demat | 8 October 2026 |
| Listing Date | 9 October 2026 |
TNA Solutions IPO Reservation
TNA Solutions IPO comprises 54,08,000 shares. After the firm reservation of 2,72,000 shares for the market maker, the net offer to the public consists of 51,36,000 shares. The net offer is divided among QIB, NII and retail investors.
| Investor Category | Shares | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB | 25,64,000 | 49.92% | 47.41% |
| − Anchor Investor | 15,38,000 | — | 28.44% |
| − QIB (Ex. Anchor) | 10,26,000 | — | 18.97% |
| NII (HNI) | 7,74,000 | 15.07% | 14.31% |
| − bNII > ₹10L | 5,16,000 | — | 9.54% |
| − sNII < ₹10L | 2,58,000 | — | 4.77% |
| Retail | 17,98,000 | 35.01% | 33.25% |
| Market Maker | 2,72,000 | — | 5.03% |
| Total | 54,08,000 | 100.00% | 100.00% |
TNA Solutions IPO Lot Size
Investors can bid for a minimum of 4,000 shares in the TNA Solutions IPO and thereafter in multiples of 2,000 shares. At the upper price band of ₹70 per share, the minimum application requires an investment of ₹2,80,000, while additional lots can be added in increments of 2,000 shares, subject to the applicable IPO rules and allocation limits.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual Investors (Min) | 2 | 4,000 | ₹2,80,000 |
| Individual Investors (Max) | 2 | 4,000 | ₹2,80,000 |
| S-HNI (Min) | 3 | 6,000 | ₹4,20,000 |
| S-HNI (Max) | 7 | 14,000 | ₹9,80,000 |
| B-HNI (Min) | 8 | 16,000 | ₹11,20,000 |
About TNA Solutions Ltd.
TNA Solutions Limited is a home textile manufacturing company engaged in producing home furnishing products for domestic and international customers. Its product portfolio includes bedsheets, sheet sets, pillow shells and covers, towels, comforters, quilts, dohars and mattress protectors. The company operates from its manufacturing facility at Sonvay, Indore, Madhya Pradesh.
The company follows a B2B manufacturing model and supplies products to retailers, importers and domestic brands. It also has a B2C presence through e-commerce channels and its own consumer brand, Ambra Linens. The company launched Ambra Linens in 2022 and has expanded its direct-to-consumer presence through its website.
TNA Solutions follows a multi-stage manufacturing and quality-control process. Greige and processed fabrics are sourced from weavers, mills, processing houses and stockists, while activities including cutting, stitching, embroidery, finishing, quality assurance, packaging and dispatch are carried out through its operations.
Business Operations
- Home Textile Manufacturing: Manufacturing of bedsheets, sheet sets, pillow covers, towels and other home furnishing products.
- Top-of-Bed Products: Product portfolio includes comforters, quilts, dohars and mattress protectors.
- B2B Manufacturing: Supplies products to international retailers, importers and domestic brands under their specified brands or labels.
- B2C Business: Sells products through e-commerce marketplaces, wholesalers, retailers and its Ambra Linens brand.
- Quality Control: Maintains quality checks across sourcing, production, finishing and dispatch.
- Export-Oriented Operations: The company serves customers in domestic and international markets.
Industry Overview
TNA Solutions operates in the home textile and home furnishing industry. The segment includes products such as bed linen, towels, mattress protectors, quilts, comforters and other household textile products. Demand is linked to consumer spending, hospitality, retail and international sourcing requirements.
Business Strategy
- Expand manufacturing capacity through a new manufacturing unit.
- Increase production capabilities through additional plant and machinery.
- Strengthen working capital availability to support business growth.
- Expand domestic and international customer relationships.
- Increase the presence of the Ambra Linens consumer brand.
- Improve manufacturing efficiency and quality control.
TNA Solutions IPO Financial Information
| Financial Year | Total Assets (₹ Cr) | Total Income (₹ Cr) | PAT (₹ Cr) | EBITDA (₹ Cr) |
|---|---|---|---|---|
| FY2024 | 24.33 | 36.32 | 2.69 | 5.13 |
| FY2025 | 57.47 | 84.13 | 6.66 | 10.26 |
| FY2026 | 94.21 | 110.45 | 9.58 | 12.68 |
The company reported an increase in total income from ₹84.13 crore in FY2025 to ₹110.45 crore in FY2026, indicating growth in its business operations during the period. Profit after tax (PAT) also increased from ₹6.66 crore to ₹9.58 crore during the same period, reflecting higher profitability. The improvement in both income and profit provides investors with key financial information to assess the company’s recent performance and overall financial position.
TNA Solutions IPO Financial Summary
| Particular | FY2024 | FY2025 | FY2026 |
|---|---|---|---|
| Total Income | ₹36.32 Cr | ₹84.13 Cr | ₹110.45 Cr |
| PAT | ₹2.69 Cr | ₹6.66 Cr | ₹9.58 Cr |
| EBITDA | ₹5.13 Cr | ₹10.26 Cr | ₹12.68 Cr |
| Total Assets | ₹24.33 Cr | ₹57.47 Cr | ₹94.21 Cr |
| Net Worth | ₹4.98 Cr | ₹22.86 Cr | ₹35.94 Cr |
| Reserves & Surplus | ₹3.07 Cr | ₹20.01 Cr | ₹32.94 Cr |
| Total Borrowings | ₹11.38 Cr | ₹25.73 Cr | ₹46.29 Cr |
TNA Solutions IPO Key Performance Indicators
| KPI | 31 March 2026 |
|---|---|
| ROE | 32.60% |
| ROCE | 42.84% |
| Debt/Equity | 1.29 |
| RoNW | 26.67% |
| PAT Margin | 9.16% |
| EBITDA Margin | 12.12% |
| NAV | ₹119.80 |
| Price to Book Value | 0.58 |
TNA Solutions IPO Valuation
| Valuation Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 6.39 | 4.70 |
| P/E (x) | 10.95 | 14.89 |
| Market Cap at Offer Price | ₹105.00 Cr | ₹142.86 Cr |
TNA Solutions IPO Shareholding Structure
| Category | Pre IPO | Post IPO |
|---|---|---|
| Promoter and Promoter Group | 68.69% | 50.48% |
| Public | 31.31% | 49.52% |
| Total | 100% | 100% |
Company Promoters: Ambuj Jain, Ayush Jain and Tanu Jain.
Recently Listed IPOs in Other Textile Products
| Company | Issue Type | Issue Size | Issue Price | P/E Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Panchatv Bharat Ltd. | SME | ₹24.58 Cr | ₹140 | 14.23 | ₹122.55 | -12.46% | ₹122.55 |
| Vinod Texworld Ltd. | SME | ₹42.84 Cr | ₹94 | 10.48 | ₹89.30 | -5.00% | ₹69.25 |
| Ashutosh Fibre Ltd. | SME | ₹56.35 Cr | ₹92 | 9.03 | ₹147.00 | +59.78% | ₹161.10 |
Objects of TNA Solutions IPO
The company proposes to utilize the net proceeds from the issue for capital expenditure, working capital requirements and general corporate purposes.
| No. | Issue Objects | Estimated Amount (₹ Cr.) |
|---|---|---|
| 1 | Civil construction of new manufacturing unit and purchase of plant & machinery | 6.76 |
| 2 | Funding of Working Capital Requirements | 20.00 |
| 3 | General Corporate Purposes | Yet to be Updated |
| Total | 26.76 |
TNA Solutions IPO Listing Performance
| Particular | Details |
|---|---|
| Listing Date | 9 October 2026 |
| Listing Exchange | BSE SME |
| Issue Price | ₹66 to ₹70 |
| Listing Price | Yet to be Updated |
| Listing Gain/Loss | Yet to be Updated |
| Listing Day Closing Price | Yet to be Updated |
TNA Solutions IPO Subscription Status
The TNA Solutions IPO opens for subscription on 30 September 2026 and closes on 6 October 2026. Subscription figures will be updated once bidding begins.
| Investor Category | Subscription |
|---|---|
| Qualified Institutional Buyers (QIB) | To be Updated |
| Non-Institutional Investors (NII) | To be Updated |
| Retail Individual Investors (RII) | To be Updated |
| Total Subscription | To be Updated |
TNA Solutions IPO GMP Today
The TNA Solutions IPO GMP (Grey Market Premium) is currently not available as a verified figure in the supplied IPO information. GMP is an unofficial market indicator that reflects the premium or discount at which IPO shares may be traded in the grey market before listing. It can change frequently based on market demand, investor sentiment and other factors and should not be considered a guaranteed indication of the actual listing price.
TNA Solutions IPO GMP History
| Date | GMP | Kostak Rate | Subject to Sauda |
|---|---|---|---|
| 25 September 2026 | Yet to be Updated | Yet to be Updated | Yet to be Updated |
TNA Solutions IPO Review
TNA Solutions is engaged in the manufacturing of home textile products, with operations covering both B2B and B2C channels. Its product portfolio includes bedsheets, pillow covers, towels, mattress protectors, comforters and quilts. The company also operates its Ambra Linens consumer brand.
The company reported total income of ₹110.45 crore and PAT of ₹9.58 crore in FY2026, compared with ₹84.13 crore and ₹6.66 crore respectively in FY2025. Its FY2026 ROE was 32.60%, ROCE was 42.84% and debt-to-equity ratio was 1.29.
The IPO proceeds are proposed to be used primarily for working capital and expansion of manufacturing capacity. The company plans to construct a new manufacturing facility and purchase plant and machinery.
TNA Solutions IPO Strengths
- Diversified Product Portfolio: The company manufactures multiple home textile and furnishing products.
- B2B and B2C Presence: Revenue opportunities come from institutional, retail and consumer channels.
- Export-Oriented Business: The company serves domestic and international customers.
- Growing Financial Performance: Total income and PAT increased between FY2025 and FY2026.
- Integrated Quality Process: The company carries out several production and quality-control activities at its facility.
- Experienced Promoter Management: The management team has experience in textile sales, sourcing, international retail and business development.
TNA Solutions IPO Risk Factors
- Working Capital Requirement: The business requires substantial working capital to support manufacturing and customer orders.
- Borrowings: Total borrowings increased from ₹25.73 crore in FY2025 to ₹46.29 crore in FY2026.
- Export Exposure: International business can be affected by changes in global demand, logistics and foreign-market conditions.
- Customer Dependence: Business performance depends on retaining existing customers and obtaining new orders.
- Textile Industry Competition: The company operates in a competitive home textile market.
- Manufacturing Expansion Risk: The proposed new manufacturing facility and machinery investments may involve execution and implementation risks.
TNA Solutions IPO Promoters
The promoters of TNA Solutions Limited are Ambuj Jain, Ayush Jain and Tanu Jain. Promoter and promoter group holding is expected to reduce from 68.69% before the IPO to 50.48% after the issue.
| Promoter | Status |
|---|---|
| Ambuj Jain | Promoter |
| Ayush Jain | Promoter |
| Tanu Jain | Promoter |
TNA Solutions IPO Management Team
The official company website identifies Ambuj Jain as Managing Director, Ayush Jain as Director and Chief Financial Officer, and Tanu Jain as Non-Executive Director. It also lists senior professionals including Gaurav Jain, Anuj and independent directors Jinesh Pagaria and Manish Manwani.
| Name | Designation |
|---|---|
| Ambuj Jain | Managing Director |
| Ayush Jain | Director & Chief Financial Officer |
| Tanu Jain | Non-Executive Director |
| Gaurav Jain | Chief Marketing Officer |
| Jinesh Pagaria | Independent Director |
| Manish Manwani | Independent Director |
TNA Solutions IPO Registrar Details
Maashitla Securities Pvt. Ltd. is the registrar of the TNA Solutions IPO.
| Particular | Details |
|---|---|
| Registrar | Maashitla Securities Pvt. Ltd. |
| Phone | 011-45121795 |
| [email protected] | |
| IPO Status | Maashitla Securities IPO Status |
TNA Solutions IPO Lead Manager Details
Credora Partners Pvt. Ltd. is the book-running lead manager of the TNA Solutions IPO.
| Particular | Details |
|---|---|
| Lead Manager | Credora Partners Pvt. Ltd. |
| Role | Book Running Lead Manager |
TNA Solutions Company Contact Details
| Particular | Details |
|---|---|
| Company Name | TNA Solutions Limited |
| Registered Office | Survey No. 403/5, Sonvay, Tehsil Mhow, Rao, Indore, Madhya Pradesh – 453331 |
| Phone | +91 731 715 0314 |
| [email protected] | |
| Website | https://tnasolutions.co.in/ |
The company’s current official website confirms the registered office, telephone number and email address.
How to Check TNA Solutions IPO Allotment Status
Check on Maashitla Securities
- Visit the Maashitla IPO allotment-status portal.
- Select TNA Solutions IPO from the issue list.
- Enter your PAN, application number or DP/Client ID.
- Submit the details to check the allotment status.
Check on BSE
- Visit the BSE IPO application-status section.
- Select TNA Solutions IPO.
- Enter the required application details and PAN.
- Submit the form to view the allotment status.
Conclusion
TNA Solutions IPO is a book-built SME IPO of ₹37.86 crore, consisting entirely of a fresh issue of 54.08 lakh equity shares. The IPO price band is fixed at ₹66 to ₹70 per share, with a lot size of 2,000 shares. The issue opens for subscription on 30 September 2026 and closes on 6 October 2026. The equity shares are proposed to be listed on the BSE SME platform, with a tentative listing date of 9 October 2026.
TNA Solutions Limited operates in the home textile manufacturing industry and offers a diversified range of products for domestic as well as international customers. Its product portfolio includes sheet sets, pillow covers, towels, comforters, quilts, mattress protectors and other home furnishing products. The company operates from its manufacturing facility in Indore, Madhya Pradesh, supporting its production and supply requirements.
The company has reported growth in its total income and profit in recent financial years, which provides investors with key information for evaluating its business performance. The fresh issue proceeds are intended to support the company’s business requirements and growth plans. Investors should review the company’s financial performance, valuation, borrowings, working capital requirements and proposed expansion plans before considering the IPO.
The home textile industry is influenced by consumer demand, raw material costs, export conditions, competition and broader economic factors. Investors should also consider the company’s operational and industry-related risks, customer profile, manufacturing capabilities and other factors disclosed in the IPO documents before making an investment decision.
TNA Solutions IPO FAQs
What is TNA Solutions IPO?
TNA Solutions IPO is a book-built SME IPO comprising an entirely fresh issue of 54,08,000 equity shares.
What is the TNA Solutions IPO price band?
The price band is ₹66 to ₹70 per equity share.
What is the TNA Solutions IPO lot size?
The lot size is 2,000 shares. Retail investors need to apply for a minimum of 2 lots, or 4,000 shares.
What is the minimum investment in TNA Solutions IPO?
The minimum retail investment is ₹2,80,000 for 4,000 shares at the upper price of ₹70 per share.
When does TNA Solutions IPO open and close?
The IPO opens on 30 September 2026 and closes on 6 October 2026.
What is the TNA Solutions IPO GMP today?
A verified GMP figure is not available in the supplied IPO information. GMP is unofficial and can change before listing.
What is the TNA Solutions IPO allotment date?
The tentative allotment date is 7 October 2026.
What is the TNA Solutions IPO listing date?
The tentative listing date is 9 October 2026 on BSE SME.
Who is the registrar of TNA Solutions IPO?
Maashitla Securities Pvt. Ltd. is the registrar of the TNA Solutions IPO.
Who is the lead manager of TNA Solutions IPO?
Credora Partners Pvt. Ltd. is the book-running lead manager of the TNA Solutions IPO.
