TNA Solutions IPO Details
| IPO Open Date | September 30, 2026 |
| IPO Close Date | October 6, 2026 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹66 to ₹70 Per Share |
| Issue Size | Approx ₹37.86 Crores |
| Fresh Issue | Approx ₹37.86 Crores |
| Issue Type | Book build Issue |
| IPO Listing | BSE SME |
| DRHP Draft Prospectus |  |
| RHP Draft Prospectus | |
TNA Solutions IPO Market Lot
The TNA Solutions IPO minimum market lot is 4000 shares with ₹2,80,000 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 2 | 4000 | ₹2,80,000 |
| Retail Maximum | 2 | 4000 | ₹2,80,000 |
| S-HNI Minimum | 3 | 6000 | ₹4,20,000 |
| S-HNI Maximum | 7 | 14,000 | ₹9,80,000 |
| B-HNI Minimum | 8 | 16,000 | ₹11,20,000 |
IPO Reservation
| Investor Category | Share Offered | -% Shares |
| Anchor Investor | 15,38,000 Shares | 28.44% |
| QIB (Ex. Anchor) | 10,26,000 Shares | 18.97% |
| NII Shares Offered | 7,74,000 Shares | 14.31% |
| Retail Shares Offered | 17,98,000 Shares | 33.25% |
TNA Solutions IPO Anchor Investors
| Anchor Bidding Date | September 29, 2026 |
| Anchor Investors List | |
| Shares Offered | 15,38,000 Shares |
| Anchor Size | 10.75 Cr. |
| lock-in period end date 50% shares (30 Days) | Nov 6, 2026 |
| lock-in period end date 50% shares (90 Days) | Jan 5, 2027 |
TNA Solutions IPO Dates
The TNA Solutions IPO date is September 30 and the close date is October 6. The TNA Solutions IPO allotment will be finalized on October 7 and the IPO listing on October 9.
| IPO Open Date: | September 30, 2026 |
| IPO Close Date: | October 6, 2026 |
| Basis of Allotment: | October 7, 2026 |
| Refunds: | October 8, 2026 |
| Credit to Demat Account: | October 8, 2026 |
| IPO Listing Date: | October 9, 2026 |
Promoters and Holding Pattern
The promoters of the company are Ambuj Jain, Ayush Jain and Tanu Jain.
| Particular | Pre IPO Shares | Pre IPO % Shares | Post IPO Shares | Post IPO % Shares |
| Promoter and Promoter Group | 1,03,02,500 | 68.68% | 9,500,900 | 46.56% |
| Others* | 46,97,500 | 31.32% | 10,906,300 | 53.44% |
| Total | 15,000,000 | 100% | 20,407,200 | 100% |
Objects of the Issue & Utilisation of Proceeds
| Purpose | Crores |
| Funding of capital expenditure requirement towards civil construction of the new manufacturing unit and purchase of plant and machinery | ₹6.76 |
| Funding of Working Capital Requirements | ₹20.00 |
| General Corporate Purposes | ₹- |
About TNA Solutions
TNA Solutions, founded in September 2021, has been involved in the manufacturing of home textile products for domestic and international clients. Its product portfolio includes a wide range of home textile products such as sheet sets, pillow shells and covers, towels, and top-of-bed products such as comforters, quilts, dohars, and mattress protectors. The firm supplies its products to e-commerce marketplaces, wholesalers, and retailers, and has its own brand, “Ambra Linens”, launched in 2022.
The firm handles the entire production of home textile products, from buying greige fabric from weavers to ready- or partly processed fabric. Third parties handle processes such as weaving, dyeing, and printing, while TNA Solutions carries out cutting, stitching, embroidery, finishing, quality assurance, packaging, and dispatch at its Indore facility.
Company Financials
Amount ₹ in Crores
| Period Ended | Revenue | Expense | PAT | Assets |
| 2024 | ₹36.32 | ₹32.18 | ₹2.69 | ₹24.33 |
| 2025 | ₹84.13 | ₹74.75 | ₹6.66 | ₹57.47 |
| 2026 | ₹110.45 | ₹97.56 | ₹9.58 | ₹94.21 |
Company Valuation – FY2026
Check TNA Solutions IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 32.60% |
| ROCE: | 42.84% |
| EBITDA Margin: | 12.12% |
| PAT Margin: | -% |
| Debt to equity ratio: | – |
| Earning Per Share (EPS): | ₹6.41 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 32.60% |
| Net Asset Value (NAV): | ₹119.80 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| VTM Limited | 1.11 | 41.84 | 5.18% | 31.32 | 371.98 Cr. |
| Faze Three Limited | 11.53 | 37.35 | 6.00% | 182.33 | 860.11 Cr. |
IPO Lead Managers aka Merchant Bankers
- Credora Partners Pvt.Ltd.
Company Address
TNA Solutions Ltd.
Survey No. 403/5
Sonvay, Tehsil Mhow
Rao
Indore, Madhya Pradesh, 453331
Phone: 7317150314
Email: [email protected]
Website: https://tnasolutions.co.in/
IPO Registrar
Maashitla Securities Pvt. Ltd.
Phone: 011-45121795
Email: [email protected]
Website: https://maashitla.com/allotment-status/public-issues
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