TNA Solutions IPO is a book-built public issue valued at ₹37.86 cr., comprising entirely a fresh issue of 54.08 lakh equity shares. The bidding window started on September 30, 2026 and is listed to close on October 6, 2026. The share allotment is to be confirmed on 7 October, 2026, with a provisional listing planned on 9 October, 2026 on the BSE SME platform. The company has set a price band of ₹66 to ₹70 per share, with a minimum lot size of 2,000 shares per application.
To participate, retail investors are required to apply for a minimum of two lots (4,000 shares), which is equivalent to an investment of ₹2,80,000 at the upper price band. Meanwhile, high net-worth individual (HNI) investors need to bid for a minimum of 3 lots (6,000 shares), which will require a minimum capital outlay of ₹4,20,000. The issue is being managed by Credora Partners Private Limited. Ltd. as Chief Manager with Mashitala Securities Pvt. Ltd. Ltd. is acting as the Registrar. Fifth note of musical scale
TNA Solutions IPO Allotment Status
| Company Name | Allotment Date | Listing Date | Registrar (Check Link) |
|---|---|---|---|
| TNA Solutions | Wed, Oct 7, 2026 | Fri, Oct 9, 2026 | https://maashitla.com/allotment-status/public-issues |
TNA Solutions IPO Overview
| Details | Descriptions |
|---|---|
| IPO Date | 30 Sep to 6 Oct, 2026 |
| Listing Date | Fri, Oct 9, 2026 |
| Face Value | ₹10 per share |
| Price Band | ₹66 to ₹70 |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital cum OFS |
| Total Issue Size | 54,08,000 shares (agg. up to ₹38 Cr) |
| Reserved for Market Maker | 2,72,000 shares (agg. up to ₹2 Cr) Pace Stock Broking Services Pvt.Ltd |
| Fresh Issue | 51,36,000 shares (agg. up to ₹36 Cr) |
| Net Offered to Public | 51,36,000 shares (agg. up to ₹36 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,50,00,000 shares |
| Share Holding Post Issue | 2,04,08,000 shares |
TNA Solutions IPO Schedule
| Details | Description |
|---|---|
| IPO Open Date | Wed, Sep 30, 2026 |
| IPO Close Date | Tue, Oct 6, 2026 |
| Tentative Allotment | Wed, Oct 7, 2026 |
| Initiation of Refunds | Thu, Oct 8, 2026 |
| Credit of Shares to Demat | Thu, Oct 8, 2026 |
| Tentative Listing Date | Fri, Oct 9, 2026 |
TNA Solutions Lot Size Details
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (IND) (Min) | 2 | 4000 | ₹2,80,000 |
| Individual investors (IND) (Max) | 2 | 4000 | ₹2,80,000 |
| S-HNI (Min) | 3 | 6000 | ₹4,20,000 |
| S-HNI (Max) | 7 | 14000 | ₹9,80,000 |
| B-HNI (Min) | 8 | 16000 | ₹11,20,000 |
Issue Reservation
| Investor Category | Shares | % of Net Issue | Max Allottees |
|---|---|---|---|
| QIB | 25,62,000 | 49.88% | 47.37% |
| − Anchor Investor | 15,36,000 | 28.40% | |
| − 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 | 18,00,000 | 35.05% | 33.28% |
| Firm Reservations | |||
| Market Maker | 2,72,000 | 5.03% | |
| Total | 54,08,000 | 100.00% | 100.00% |
TNA Solutions IPO GMP Trend
| GMP Date | IPO Price | GMP | Est. Listing Price | Est. Profit* |
|---|---|---|---|---|
| 3-Oct 10:02 | ₹127 | ₹6 (8.57%) ─ | ₹76 | ₹12,000 |
| 2-Oct 10:02 | ₹127 | ₹6 (8.57%) ─ | ₹76 | ₹12,000 |
| 1-Oct 10:02 | ₹127 | ₹6 (8.57%) ▼ | ₹76 | ₹12,000 |
| 30-Sep 16:32 | ₹127 | ₹7 (10.00%) ─ | ₹77 | ₹14,000 |
| 29-Sep 23:37 | ₹127 | ₹7 (10.00%) ─ | ₹77 | ₹14,000 |
| 28-Sep 23:37 | ₹127 | ₹7 (10.00%) ─ | ₹77 | ₹14,000 |
Overview of TNA Solutions
Founded in September 2021, TNA Solutions Ltd. has built a strong reputation in the home textile industry, providing quality products to customers in India and across the world. Based in Indore, Madhya Pradesh, the company runs a modern production unit where processed fabrics are carefully transformed into custom home décor and bedding tailored to customer needs. Their wide product range includes everyday home essentials such as sheet sets, pillow covers, bath towels and bed down comforters, quilts, comforters and mattress protectors.
While TNA Solutions primarily serves as a trusted B2B partner to international retailers, importers and leading domestic brands, it has also successfully built a direct-to-consumer footprint. In 2022, the company launched its in-house consumer brand, “Umbra Linens” and further expanded its digital footprint with a traditional retail and e-commerce presence, as well as a dedicated brand website in July 2026.
To keep production efficient and cost-effective, TNA Solutions follows a hybrid manufacturing approach. Raw greige and processed fabrics are procured directly from reliable mills, weavers and suppliers. External processing units take care of the initial stage work like dyeing, printing and special weaving, allowing TNA Solutions to focus heavily on precision crafting at its Indore factory – handling cutting, stitching, delicate embroidery, finishing and packaging under strict supervision.
Every step is monitored through a multi-level quality control system operated by modern production management software. Led by a pragmatic, experienced management team, the business supported a dedicated team of 193 full-time employees and 66 contract workers by the end of July 2026, running operations across production, warehousing, quality assurance and customer service.
Core Strengths Driving Growth
- Versatile Range of Products: A well-rounded collection covering bed, bath, and accent soft furnishings to cater to diverse market tastes.
- Strict Quality Benchmarks: Multi point quality inspections at every step to ensure consistent standards and defect-free shipments.
- Tech-Enabled Workflows: Integrated processes that connect raw material sourcing directly with completed product dispatch for maximum turnaround efficiency.
- Seasoned Leadership: A committed management team with deep industry domain knowledge and customer centric leadership.
- Global Reach: Broad international footprint that decreases reliance on any single regional market.
Company Financials
TNA Solutions Financial Information (Restated Standalone)
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 94.21 | 57.47 | 24.33 |
| Total Income | 110.45 | 84.13 | 36.32 |
| Profit After Tax | 9.58 | 6.66 | 2.69 |
| EBITDA | 12.68 | 10.26 | 5.13 |
| Net Worth | 35.94 | 22.86 | 4.98 |
| Reserves and Surplus | 32.94 | 20.01 | 3.07 |
| Total Borrowing | 46.29 | 25.73 | 11.38 |
Key Performance Indicator (KPI)
The market cap. of TNA Solutions IPO is for Pre IPO ₹105.00 Cr., & for Post IPO ₹142.86 Crores.
KPI as of Mar 31, 2026
| KPI | Mar 31, 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 |
IPO Valuation & Shareholding Structure
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 6.39 | 4.70 |
| P/E (x) | 10.95 | 14.89 |
| Company Promoters: | Ambuj Jain, Ayush Jain and Tanu Jain. | |
| Promoter and Promoter Group | 68.69% | 50.48% |
| Public | 31.31% | 49.52% |
| Total | 100% | 100% |
TNA Solutions IPO Objectives
| Objects of the Issue | Expected Amount (₹ in cr.) |
|---|---|
| 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 | – |
| Total | 26.76 |
IPO Subscription Status
| Category | Subscription (x) | Shares Offered | Shares bid for | Total Applications |
|---|---|---|---|---|
| QIB (Ex Anchor) | 4.77 | 10,26,000 | 48,96,000 | 0 |
| NII* | 0.12 | 7,74,000 | 96,000 | 0 |
| bNII (> ₹10L) | 0.08 | 5,16,000 | 42,000 | |
| sNII (< ₹10L) | 0.21 | 2,58,000 | 54,000 | |
| Individual Investor | 0.64 | 18,00,000 | 11,60,000 | 0 |
| Total | 1.71 | 36,00,000 | 61,52,000 | 311 |
TNA Solutions IPO Contact Details
- TNA Solutions Ltd.
- Survey No. 403/5
- Sonvay, Tehsil Mhow
- Rao
- Indore, Madhya Pradesh, 453331
- 7317150314
- Info@tnasolutions.co.in
- Website: https://tnasolutions.co.in/
TNA Solutions IPO Registrar
Maashitla Securities Pvt.Ltd.
| Details | Descriptions |
|---|---|
| Phone: | 011-45121795 |
| Email: | investor.ipo@maashitla.com |
| Website: | https://maashitla.com/allotment-status/public-issues |
TNA Solutions IPO FAQs
When TNA Solutions IPO become available?
The IPO will open on Wed, Sep 30, 2026.
What is the minimum lot size for the TNA Solutions IPO?
The minimum lot size is 2000 shares.
When will the shares for the TNA Solutions IPO be allotted?
The allotment is expected to be finalized on Wed, Oct 7, 2026
What is the expected listing date for the TNA Solutions IPO?
The tentative listing date is Fri, Oct 9, 2026.
How can I apply for the TNA Solutions IPO?
You can apply online through your bank or a broker using either the UPI or ASBA payment methods.
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