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TNA Solutions IPO
Price Band
₹66.0–70.0
Issue Size
₹37.86 Cr
Lot Size
2,000 shares
Min Investment
₹280,000
2 LOTS MIN
GMP
—
Issue Price
₹70.0
TNA Solutions IPO AI Summary
- TNA Solutions IPO is upcoming on BSE SME in the Other Textile Products sector.
- Price band: ₹66.0–₹70.0 per share, lot size 2,000 shares (min. investment ₹280,000, 2 lots minimum).
- Subscription window: 30 Sep–06 Oct 2026, listing on 09 Oct 2026.
TNA Solutions Limited is an upcoming IPO in the home textile sector, with a focus on B2B manufacturing and a growing direct-to-consumer presence. The company has shown significant revenue and profit growth over the past few years and plans to utilize the IPO proceeds for expansion and working capital.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Important Dates
Subscription Status
IPO not open yet
Opens 30 Sep 2026 · in 2 days
TNA Solutions IPO Grey Market Premium (GMP) Today
GMP not available yet
Grey Market Premium is updated daily. Check back closer to the listing date.
TopFund Score — Listing Data Indicator
GMP is 0.0% above issue price
Subscription not open yet
No anchor allocation for this IPO
Similar IPOs (same sector & type) averaged 14.1% listing gain
A rules-based composite of GMP, subscription demand, anchor participation and comparable-IPO history — each weighted as shown above. Not a statistically validated probability, a guarantee of listing performance, or personalized investment advice.
Limitations: weights are fixed by TopFund, not backtested against outcomes; the "Historical Similar-IPO Performance" factor needs at least 3 comparable past listings and falls back to a broader, less specific cohort when this sector/type doesn't have enough; GMP and subscription data can change daily right up to listing day, so scores shown may already be stale — check the "as of" date above.
About the Company
TNA Solutions Limited is a home textile manufacturing company based in Indore, Madhya Pradesh, catering to both domestic and international markets. The Company specializes in converting processed fabrics into a wide range of finished home furnishing products tailored to customer requirements. Its product portfolio includes bed sheet sets, pillow covers and shells, towels, comforters, quilts, dohars, mattress protectors, and other home textile offerings. The Company primarily operates as a business-to-business (B2B) manufacturer, supplying products to global retailers, importers, and Indian brands under private labels and customer-specified branding. In addition to its B2B operations, TNA Solutions has expanded its presence in the direct-to-consumer segment through e-commerce platforms, wholesalers, retailers, and its own brand, Ambra Linens, which was introduced in 2022. To strengthen its digital retail reach, the Company launched a dedicated e-commerce website for Ambra Linens in July 2026. TNA Solutions follows an asset-light manufacturing approach by sourcing greige fabrics from weavers and processed fabrics from mills, processing units, and stockists. While third-party partners handle fabric-related activities such as weaving, dyeing, and printing, the Company undertakes value-added processes including cutting, stitching, embroidery, finishing, quality inspection, packaging, and dispatch from its manufacturing facility in Indore. With a significant share of revenue derived from exports, the Company serves a geographically diverse customer base and emphasizes consistent product quality, operational efficiency, and on-time order fulfillment. Its manufacturing and operational processes are supported by technology-driven systems and a structured quality management framework. The business is led by an experienced promoter group with expertise spanning sourcing, product development, production planning, quality control, and customer relationship management. Competitive Strengths Broad and diversified range of home textile products. Robust quality assurance processes supported by multiple inspection stages. Technology-driven manufacturing and operational systems. Experienced promoter-led management team with industry expertise. Strong export presence supported by a geographically diversified customer base.
Company Financials (₹ Cr)
As of 2026-03-31
| 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 Ratios
EPS
₹6.39
NAV
₹119.80
ROE
32.60%
ROCE
42.84%
RoNW
26.67%
P/B Value
0.58
P/E Ratio
10.95
Market Cap
₹142.86 Cr
PAT Margin
9.16%
Debt/Equity
1.29
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic |
|---|---|---|---|---|
| Faze Three Ltd. | 182.33 | 6% | 37.35 | 11.53 |
| Vtm Ltd. | 31.32 | 5.18% | 41.84 | 1.11 |
| TNA Solutions Ltd. This IPO | 119.8 | 32.6% | — | 6.41 |
Promoters
Ambuj Jain, Ayush Jain, Tanu Jain
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Funding of capital expenditure requirement towards civil construction of the new manufacturing unit and purchase of plant and machinery 6.76 2 Funding of Working Capital Requirements 20.00 3 General Corporate Purposes Total 26.76
IPO Evaluation
Generated 27 Sep 2026Revenue Trend
Total income was ₹36.32 Cr in the period ending 31 Mar 2024, rising to ₹84.13 Cr by 31 Mar 2025, and further increasing to ₹110.45 Cr by 31 Mar 2026.
Profit Trend
Profit After Tax was ₹2.69 Cr in the period ending 31 Mar 2024, increasing to ₹6.66 Cr by 31 Mar 2025, and further rising to ₹9.58 Cr by 31 Mar 2026.
Valuation
TNA Solutions has an EPS of ₹6.39 and is priced at a P/E ratio of 10.95. Its peers, such as Faze Three Ltd. and Vtm Ltd., have P/E ratios of 37.35 and 41.84, respectively.
Grey Market Premium, Explained
The grey market refers to the unofficial trading of shares before they are listed on the stock exchange. It provides an indication of the potential demand for the IPO and helps investors gauge market sentiment.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their overall investment strategy and risk tolerance.
Who May Want to Wait
Investors with a low-risk appetite or those seeking guaranteed returns might consider avoiding IPOs, as they can be subject to market fluctuations.
Listing Gains — The Risk
Listing-day gains can be unpredictable. Factors such as market conditions, demand for the IPO, and overall economic sentiment can influence the stock price on its debut.
This evaluation is generated from TNA Solutions's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is the price band of TNA Solutions IPO?
The price band of TNA Solutions IPO is ₹66.0–₹70.0 per share.
When does TNA Solutions IPO open and close?
TNA Solutions IPO opens on 30 September 2026 and closes on 06 October 2026.
When does TNA Solutions IPO list on the stock exchange?
TNA Solutions IPO is scheduled to list on 09 October 2026, with an estimated listing price of ₹70.0 based on current GMP.
What is the lot size for TNA Solutions IPO?
The lot size for TNA Solutions IPO is 2000 shares, requiring a minimum investment of ₹280,000 (2 lots).
What is the TopFund Listing Data Indicator for TNA Solutions?
TNA Solutions's Listing Data Indicator score is 35/100 (Low signal), a weighted composite of GMP strength, subscription demand, anchor investor interest and how similar past IPOs performed on listing. It's a rules-based summary of public market data, not a statistically validated probability, a guarantee, or personalized investment advice.
What is the price band for the IPO?
The price band for the IPO is ₹66.0 to ₹70.0.
What is the minimum investment required?
The minimum investment required is ₹280,000.
What is the lot size for the IPO?
The lot size for the IPO is 2000 shares.
When is the listing date?
The listing date is scheduled for 9th October 2026.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected premium of the IPO shares in the grey market before they are officially listed.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
30 Sep 2026
Close
06 Oct 2026
Allotment
07 Oct 2026
Listing
09 Oct 2026
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