TNA Solutions(O)SME
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TNA Solutions, founded in September 2021, manufactures home textile products for domestic and international clients, including sheet sets, pillow shells, comforters, and quilts, supplying through e-commerce, wholesalers, and its brand 'Ambra Linens'.
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 SME IPO shows moderate subscription demand (1.71x total) with weak retail and HNI participation, balanced by a healthy GMP of approximately 8.57% and strong return ratios like ROE of 32.60% and ROCE of 42.84%.
💪 Strengths
- Strong historical revenue and profit growth trajectory
- High return ratios with ROE at 32.60% and ROCE at 42.84%
- 100% fresh issue ensuring direct deployment of capital into business expansion
⚠️ Weaknesses
- Weak retail (0.64x) and HNI (0.12x) subscription response
- Relatively short operating history since incorporation in 2021
- Reliance on third parties for weaving, dyeing, and printing processes
🚀 Opportunities
- Expansion of manufacturing capacities using IPO net proceeds
- Growing global and domestic demand for home textile products
- Scaling up proprietary brand 'Ambra Linens'
🛡️ Threats
- Intense competition in the unorganized and organized home textiles sector
- Vulnerability to raw material price volatility (greige fabric)
- Execution risks related to civil construction and machinery installation
📊 Financial Overview
| Metric | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue (₹ Cr) | Rs 36.32 Cr | Rs 84.13 Cr | Rs 110.45 Cr |
| Net Profit / PAT (₹ Cr) | Rs 2.69 Cr | Rs 6.66 Cr | Rs 9.58 Cr |
| Total Assets (₹ Cr) | Rs 24.33 Cr | Rs 57.47 Cr | Rs 94.21 Cr |
| ROE % | NA | NA | 32.60% |
| ROCE % | NA | NA | 42.84% |
📋 Live Subscription Status
QIB
4.77x
NII
0.12x
Retail
0.64x
Total
1.71x
Updated: Oct 2, 2026 6:33 PM
💼 Reservation Quota
QIB
50.00%
Retail
35.00%
NII
15.00%
📈 Shareholding & Anchor Lock-In
🔗 Important Links & Lead Managers
- Registrar WebsiteVisit →
- Download DRHP ProspectusDownload PDF 📥
- Download RHP ProspectusDownload PDF 📥
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 has demonstrated rapid revenue expansion, growing from ₹36.32 crores in FY24 to ₹84.13 crores in FY25, and further to ₹110.45 crores in FY26. Profitability has scaled similarly, with PAT rising from ₹2.69 crores to ₹9.58 crores over the same period. Key financial metrics reflect robust capital efficiency, featuring an ROE of 32.60% and an ROCE of 42.84%.
TNA Solutions is aiming to raise ₹37.86 crores via a 100% fresh issue book-built SME IPO priced at ₹66 to ₹70 per share. The issue received an overall subscription of 1.71x, with QIB leading at 4.77x, while HNI and retail segments remained undersubscribed at 0.12x and 0.64x respectively.