TNA Solutions
TNA Solutions Ltd., founded in September 2021, manufactures home textile products for domestic and international clients, including sheet sets, pillow shells and covers, towels, and top-of-bed products.
Price Band
₹70 - ₹70
Lot Size
4000 Shares
Issue Size
₹37.86 Cr
Fresh Issue
₹37.86 Cr
OFS
N/A
Registrar
AI Sentiment Score
Current GMP
+₹6
Est. Listing: ₹76 (+8.6%)
📅 IPO Timeline
1
Open
Sep 30, 2026
2
Close
Oct 6, 2026
3
Allotment
Oct 7, 2026
4
Refund
Oct 8, 2026
5
Demat
Oct 8, 2026
6
Listing
Oct 9, 2026
✨ AI Analysis & Prediction
+7.6%
predicted listing gain
TNA Solutions IPO shows decent fundamentals with robust revenue and profit growth up to FY26. However, modest subscription levels from retail and HNI investors temper listing expectations, though strong ROCE/ROE and positive GMP support a moderate positive debut.
💪 Strengths
- Strong revenue and PAT growth trajectory over the past three fiscals
- High return ratios with ROCE at 42.84% and ROE at 32.60%
- Completely fresh issue ensuring funds directly flow into business expansion
⚠️ Weaknesses
- Relatively short operating history since incorporation in 2021
- Subdued subscription response in retail and HNI categories
🚀 Opportunities
- Expansion of manufacturing capacity via civil construction and new plant machinery
- Growing demand in domestic and international home textile markets
🛡️ Threats
- Reliance on third parties for weaving, dyeing, and printing processes
- Competitive landscape in the home textiles and retail sector
🎯 Objectives of the IPO
| Requirement / Purpose | Amount (₹ 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 | ₹11.10 |
📊 Financial Overview
| Metric | FY25 | FY26 |
|---|---|---|
| Revenue (₹ Cr) | Rs 81.00 Cr | Rs 103.00 Cr |
| Net Profit / PAT (₹ Cr) | Rs 7.00 Cr | Rs 10.00 Cr |
| EBITDA / Op. Profit (₹ Cr) | Rs 10.00 Cr | Rs 13.00 Cr |
| Borrowings (₹ Cr) | Rs 26.00 Cr | Rs 46.00 Cr |
| Total Assets (₹ Cr) | Rs 57.00 Cr | Rs 94.00 Cr |
| ROCE % | NA | 27.00% |
📋 Live Subscription Status
QIB
4.77x
NII
0.12x
Retail
0.64x
Total
1.71x
Updated: Oct 2, 2026 8:03 AM
💼 Reservation Quota
QIB
18.97%
Retail
33.25%
NII
14.31%
📈 Shareholding & Anchor Lock-In
🔗 Important Links & Lead Managers
- Registrar WebsiteVisit →
- Download DRHP ProspectusDownload PDF 📥
- Download RHP ProspectusDownload PDF 📥
Lead Managers / Merchant Bankers
This issue is managed by Hem Securities Ltd., and Share India Capital Services Pvt. Ltd.
Disclaimer: The information provided on this page is for educational and informational purposes only and does not constitute financial advice. IPO investments are subject to market risks. AI-generated analysis is based on publicly available data and may not be accurate. Grey Market Premium (GMP) is unofficial and highly speculative. Always consult a qualified financial advisor and read the DRHP/RHP carefully before making investment decisions.
The company handles cutting, stitching, embroidery, finishing, quality assurance, packaging, and dispatch at its Indore facility while outsourcing weaving, dyeing, and printing. It markets products through e-commerce marketplaces, wholesalers, retailers, and its own brand 'Ambra Linens'.
The IPO is a book-built issue worth approximately ₹37.86 crores, entirely consisting of a fresh issue priced at ₹66 to ₹70 per share. The proceeds will be utilized for capital expenditure towards civil construction of a new manufacturing unit, purchase of plant and machinery, and working capital requirements.