IPO Details

TNA Solutions Limited IPO

TNA Solutions Limited logo
SME IPO
₹1,32,000

Minimum Investment

Exchange Listed · NSE / BSESEBI Regulated Issue

About Company

Company Name: TNA Solutions Limited

Industry / Sector: Textiles / Home Textile Products Manufacturing

Founded Year: September 2021 (originally incorporated as TNA Solutions LLP on June 23, 2024, converted to public limited company)

Promoters: Ambuj Jain, Ayush Jain, Tanu Jain

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. Its own website for Ambra Linens was launched in July 2026. 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. The Company exports to countries including the US, UAE, South Africa, Israel, Singapore, Hong Kong, Malaysia and Mauritius. Exports contributed 52.03% of revenue from operations in FY2026. As of July 31, 2026, the Company had 193 employees on payroll and 66 contractual employees.

IPO Basic Details

Company NameTNA Solutions Limited
IPO TypeSME IPO
Price Band₹66 – ₹70
Lot Size2000 Shares
Total Issue Size54,08,000 Equity Shares (₹37.86 Cr)

IPO Strengths & Risks

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

Risks

  • The company's business is dependent on a limited number of customers, with top 10 customers contributing a significant portion of revenue
  • The company relies on third-party processing houses for weaving, dyeing and printing activities
  • The company's operations are concentrated in a single manufacturing facility in Indore, Madhya Pradesh
  • The company is exposed to foreign exchange fluctuation risks due to its export-oriented business
  • The home textile industry is highly competitive with numerous organized and unorganized players

IPO Important Dates

IPO Open Date30 Sep 2026
IPO Close Date06 Oct 2026
Basis of Allotment07 Oct 2026
Refund Initiation08 Oct 2026
Demat Credit Date08 Oct 2026
Listing Date09 Oct 2026
Anchor Investor Date-
UPI Mandate Deadline-

IPO Objectives

  • Capital expenditure for machinery and equipment – -
  • Funding working capital requirements – -
  • Debt repayment – -
  • General corporate purposes – Balance Amount

Investor Reservation

QIB Quota49.88% of Net Issue (25,62,000 shares)
Retail Quota35.05% of Net Issue (18,00,000 shares)
HNI Quota-
Employee Quota-
Shareholder Quota-
Anchor Investor Allocation-

Market Lot Details

ApplicationLot SizeSharesAmount
Retail Minimum2 Lots4000₹2,80,000
Retail Maximum2 Lots4000₹2,80,000
S-HNI Minimum3 Lots6000₹4,20,000
S-HNI Maximum7 Lots14000₹9,80,000
B-HNI Minimum8 Lots16000₹11,20,000

Key Performance Indicators (KPI)

ROE32.60% (FY26), 29.10% (FY25)
ROCE42.84% (FY26)
RoNW-
PAT Margin9.16% (FY26), 8.16% (FY25), 7.50% (FY24)
EBITDA Margin12.12% (FY26), 12.59% (FY25)
EPS₹6.39 (Pre-IPO), ₹4.70 (Post-IPO)
NAV per share-
Debt to Equity1.29
P/E Ratio-
Industry P/E-

Company Financial Data

PeriodAssetsTotal IncomePATEBITDANet WorthBorrowings
FY2026₹94.21 Cr₹110.45 Cr₹9.58 Cr₹12.68 Cr₹35.94 Cr₹46.29 Cr
FY2025₹57.47 Cr₹84.13 Cr₹6.66 Cr₹10.26 Cr₹22.86 Cr₹25.73 Cr
FY2024₹24.33 Cr₹36.32 Cr₹2.69 Cr₹5.13 Cr₹4.98 Cr₹11.38 Cr

Grey Market Premium

GMP Price₹7 (as of 28 Sep 2026)
Kostak RateNot Available
Subject to SaudaNot Available
Last Updated28 Sep 2026
Estimated Listing Price₹77 (approx. 10% premium over upper price band)

IPO Subscription Data

Total SubscriptionPending
QIB (Ex Anchor)Pending
HNI SubscriptionPending
Retail SubscriptionPending
Anchor-

IPO Intermediaries

Registrar: Maashitla Securities Pvt. Ltd.

Registrar Website: Not explicitly stated in the source

IPO Lead Manager(s)

Credora Partners Pvt. Ltd.

Company Information

Address: Survey No. 403/5, Sonvay, Tehsil Mhow, Rao, Indore, Madhya Pradesh - 453331

Website: http://www.tnasolutions.co.in

Email: Info@tnasolutions.co.in

Phone: +91 7317150314

IPO Documents

Frequently Asked Questions (FAQ)

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