TNA Solutions IPO: Price Band, Dates, Lot Size, GMP, Allotment & Listing Details

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TNA Solutions Limited IPO
TS
TNA Solutions Limited IPO
Home Textile Manufacturing · Bedding & Linens · Ambra Linens · Indore, Madhya Pradesh
📋 BSE SME IPO Fresh Issue Only BSE SME
₹70
Upper Price
₹37.86 Cr
Issue Size
Oct 9, 2026
Listing Date
₹105.00 Cr
Market Cap (Pre)
📅 IPO Timetable
All dates tentative
🟢
IPO Opens
Wednesday, 30 September 2026
Bidding starts — apply before close
🔒
IPO Closes
Tuesday, 6 October 2026
Last day to bid — closes at 5:00 PM IST
📊
Basis of Allotment
Wednesday, 7 October 2026
Allotment finalised by registrar
🔄
Refund & Share Credit
Thursday, 8 October 2026
Unallotted funds returned; shares credited to demat
🏷️
Friday, 9 October 2026
Trading begins from 10:00 AM IST
📋 IPO Details
IPO Open Date30 September 2026 (Wed)
IPO Close Date6 October 2026 (Tue)
Listing Date9 October 2026 (Fri)
Face Value₹10 per share
Price Band₹66 to ₹70
Issue Price (Upper Band)₹70 per share
Issue TypeBook Build — Fresh Issue Only
Lot Size2,000 shares (Min App: 2 Lots / 4,000 Shares)
Total Issue Size54,08,000 shares (₹37.86 Cr)
Fresh Issue54,08,000 shares (₹37.86 Cr)
Offer for Sale (OFS)0 shares (₹0 Cr)
Market Maker Portion2,72,000 shares (₹1.90 Cr)
Net Offered to Public51,36,000 shares (₹35.95 Cr)
Pre-Issue Shares1,50,00,000
Post-Issue Shares2,04,08,000
Promoter Holding (Pre)68.69%
Market Cap (Pre-IPO)₹105.00 Cr
Listing ExchangeBSE SME
Lead ManagerCredora Partners Pvt.Ltd.
RegistrarMaashitla Securities Pvt.Ltd.
💰 Lot Size & Minimum Investment
At upper price ₹70
Investor TypeLotsSharesAmount
Retail — Minimum24,000₹2,80,000
Retail — Maximum24,000₹2,80,000
S-HNI (sNII) — Min36,000₹4,20,000
S-HNI (sNII) — Max714,000₹9,80,000
B-HNI (bNII) — Min816,000₹11,20,000
⚠️ Note: Investors can bid for a minimum of 4,000 shares (2 lots) and in multiples of 2,000 shares thereafter. Market Maker reservation comprises 2,72,000 shares allotted to Pace Stock Broking Services Pvt.Ltd.
👥 Investor Reservation
Allocated portion of Net Offer
49.92% (25.64 L Sh)
QIB Portion
35.01% (17.98 L Sh)
Retail Portion
15.07% (7.74 L Sh)
NII Portion
📊 Subscription Status
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📈 Company Financials
Restated Standalone · ₹ Crore
Metric31 Mar 202631 Mar 202531 Mar 2024
Total Assets94.2157.4724.33
Total Income110.4584.1336.32
PAT9.586.662.69
EBITDA12.6810.265.13
Net Worth35.9422.864.98
Reserves & Surplus32.9420.013.07
Total Borrowing46.2925.7311.38
Income Growth
FY 2023–24₹36.32 Cr
FY 2024–25₹84.13 Cr
FY 2025–26₹110.45 Cr
🎯 Key Performance Indicators
32.60%
ROE
FY 2025–26
1.29
Debt/Equity
FY 2025–26
42.84%
ROCE
FY 2025–26
9.16%
PAT Margin
FY 2025–26
12.12%
EBITDA Margin
FY 2025–26
26.67%
RoNW
FY 2025–26
0.58x
Price/Book
FY 2025–26
119.80
NAV
FY 2025–26
⚖️ Valuation & EPS
Pre-IPO EPS
₹6.39
FY26 earnings + pre-issue shares
P/E: 10.95x
Post-IPO EPS
₹4.70
FY26 earnings + post-issue shares
P/E: 14.89x
Price to Book Value
0.58x
At upper price band ₹70
Market Cap (Pre-IPO)
₹105.00 Cr
At issue price ₹70
ℹ️ Pre-IPO EPS (₹6.39) based on pre-issue shares (1,50,00,000) and FY26 restated PAT (₹9.58 Cr). Post-IPO EPS (₹4.70) accounts for the dilution resulting from the issuance of 54,08,000 fresh equity shares extending the total post-issue equity to 2,04,08,000 shares. Post-IPO Market Cap expands to ₹142.86 Cr at the upper issue price of ₹70.
🎯 Objects of the Issue
Net proceeds utilisation
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
Balance
Total Fresh Issue Goal ₹37.86 Cr
🏢 About TNA Solutions Ltd.
Est. 2021 · Indore, Madhya Pradesh · Home Textiles & Furnishing Manufacturing

TNA Solutions Limited, incorporated in September 2021, is an export-oriented home textile manufacturer producing high-quality home furnishings for domestic and international clientele. The company’s core manufacturing facility in Indore, Madhya Pradesh, processes woven fabrics into finished home furnishing products based on precise customer specifications.

The product catalogue encompasses sheet sets, pillow shells, decorative covers, towels, and top-of-bed products such as comforters, quilts, dohars, and protective mattress covers. Operating primarily as a B2B contract manufacturer for global retailers, importers, and leading domestic brands, the company also reaches consumers through online marketplaces and its proprietary D2C label, “Ambra Linens”, launched in 2022. Its operational workflow integrates fabric procurement, cutting, stitching, embroidery, finishing, multi-stage quality assurance, and automated packaging. As of July 31, 2026, the company supported 193 payroll personnel and 66 contract employees across production, quality control, warehousing, and management.

Brand Ecosystem
🛏️
Top-of-Bed Products
Comforters, quilts, dohars, mattress protectors, and premium bedsheet sets for institutional and retail buyers.
🏷️
Ambra Linens (D2C)
Proprietary retail brand selling premium linens directly to consumers via e-commerce marketplaces and brand website.
🏭
Indore Manufacturing Hub
Integrated facility managing cutting, stitching, embroidery, quality testing, packaging, and dispatch.
🌎
Global B2B Exports
Private label manufacturing and direct exports servicing international department stores and retail chains.
Competitive Strengths
🏆Diversified home textile product portfolio covering complete bedding, furnishing, and bath solutions.
⚙️Multi-stage in-house quality control architecture ensuring international regulatory and export compliance.
🌍Geographically diversified and export-oriented revenue engine driven by institutional B2B relationships.
📈Strong financial acceleration with FY26 revenue scaling 31% to ₹110.45 Cr and logging a 42.84% ROCE.
Company Promoters
AJ
Ambuj Jain & Ayush Jain
Promoters, TNA Solutions Ltd.
TJ
Tanu Jain
Promoter, TNA Solutions Ltd.
📅 Key Dates
IPO Opens30 Sep 2026
IPO Closes6 Oct 2026
Allotment7 Oct 2026
Refund & Share Credit8 Oct 2026
Listing Day9 Oct 2026
💡 Quick Summary
Price Band₹66 – ₹70
Upper Price₹70 / share
Lot Size2,000 shares
Min. Investment (Retail)₹2,80,000 (2 Lots)
Issue Size₹37.86 Cr
ListingBSE SME
🏦 Registrar & Lead Manager
Registrar
Maashitla Securities Pvt.Ltd.
📞 011-45121795
[email protected]
Lead Manager
Credora Partners Pvt.Ltd.
📍 Registered Address
TNA Solutions Ltd.
Survey No. 403/5, Sonvay, Tehsil Mhow, Rao,
Indore, Madhya Pradesh — 453331
📞 7317150314
[email protected]
🛡️ Regulatory Note: SME IPO investments are subject to SEBI regulations and higher lot size restrictions. Always read the Prospectus/RHP before applying. Consult a SEBI-registered advisor before investing.
⚠️ Disclaimer: This page presents publicly available information from the TNA Solutions IPO RHP for informational purposes only. This format is generated adhering to the required structure as specified in the IPO NEW FORMAT source file. It does not constitute investment advice. IPO investments are subject to market risk. Please read all offer documents and consult a SEBI-registered advisor before investing.
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