
Minimum Investment
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 Name | TNA Solutions Limited |
| IPO Type | SME IPO |
| Price Band | ₹66 – ₹70 |
| Lot Size | 2000 Shares |
| Total Issue Size | 54,08,000 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 Date | 30 Sep 2026 |
| IPO Close Date | 06 Oct 2026 |
| Basis of Allotment | 07 Oct 2026 |
| Refund Initiation | 08 Oct 2026 |
| Demat Credit Date | 08 Oct 2026 |
| Listing Date | 09 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 Quota | 49.88% of Net Issue (25,62,000 shares) |
| Retail Quota | 35.05% of Net Issue (18,00,000 shares) |
| HNI Quota | - |
| Employee Quota | - |
| Shareholder Quota | - |
| Anchor Investor Allocation | - |
Market Lot Details
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 Lots | 4000 | ₹2,80,000 |
| Retail Maximum | 2 Lots | 4000 | ₹2,80,000 |
| S-HNI Minimum | 3 Lots | 6000 | ₹4,20,000 |
| S-HNI Maximum | 7 Lots | 14000 | ₹9,80,000 |
| B-HNI Minimum | 8 Lots | 16000 | ₹11,20,000 |
Key Performance Indicators (KPI)
| ROE | 32.60% (FY26), 29.10% (FY25) |
| ROCE | 42.84% (FY26) |
| RoNW | - |
| PAT Margin | 9.16% (FY26), 8.16% (FY25), 7.50% (FY24) |
| EBITDA Margin | 12.12% (FY26), 12.59% (FY25) |
| EPS | ₹6.39 (Pre-IPO), ₹4.70 (Post-IPO) |
| NAV per share | - |
| Debt to Equity | 1.29 |
| P/E Ratio | - |
| Industry P/E | - |
Company Financial Data
| Period | Assets | Total Income | PAT | EBITDA | Net Worth | Borrowings |
|---|---|---|---|---|---|---|
| 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 Rate | Not Available |
| Subject to Sauda | Not Available |
| Last Updated | 28 Sep 2026 |
| Estimated Listing Price | ₹77 (approx. 10% premium over upper price band) |
IPO Subscription Data
| Total Subscription | Pending |
| QIB (Ex Anchor) | Pending |
| HNI Subscription | Pending |
| Retail Subscription | Pending |
| Anchor | - |
IPO Intermediaries
Registrar: Maashitla Securities Pvt. Ltd.
Registrar Website: Not explicitly stated in the source
IPO Lead Manager(s)
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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