TNA Solutions Ltd. IPO
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.
IPO GMP
₹0
+0% expected gain
Price Band
₹70
Lot Size
4000 shares
Min Investment
₹2,80,000
Listing Date
October 9, 2026
About TNA Solutions Ltd.
Company overview, business, and key facts.
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.
Founded
2021
Headquarters
Indore, Madhya Pradesh
Promoters
Ambuj Jain, Ayush Jain, Tanu Jain
Website
https://tnasolutions.co.in/
IPO Details
Subscription Status
How many times each investor category has bid for the issue.
Financials
Restated summary financials for the most recent periods.
Figures are indicative and restated for presentation.
TNA Solutions Ltd. IPO Key Numbers
Calculated by IPOLyst from the published offer-document data. These are figures, not buy or sell calls.
Market cap at upper band
₹142.9 Cr
Post-IPO shares × upper price band
P/E on 2026 profit
14.9x
Peer median 39.6x (discount of 62.4%)
Price to sales
1.29x
Revenue growth, 2026
+31.3%
74.4% a year over the period
Profit growth, 2026
+43.8%
88.7% a year over the period
Profit margin (PAT)
8.7%
EBITDA margin 12.12%
ROE / ROCE
32.6% / 42.84%
As published in the offer document
Promoter holding
68.68% → 46.56%
Before → after the IPO
Issue mix
100% fresh / 0% sale
Fresh issue goes to the company, offer for sale to selling shareholders
GMP-implied gain per lot
₹0
4000 shares on ₹2,80,000. GMP is unofficial.
What stands out
- Profit grew 43.8% in 2026.
- Priced at a 62.4% discount to the peer median P/E of 39.6.
Watch-outs
- 1 use-of-proceeds item(s) have no disclosed amount.
- Promoter holding drops to 46.56% after the IPO.
Scenarios apply today's grey market premium figures to the upper price band. They are illustrations, not predictions. GMP is unofficial and can be wrong.
Not yet available for this IPO: published risk factors.
IPO Analysis SummaryAI-generated
A plain-language review of TNA Solutions Ltd.'s financials, valuation and demand, based only on the verified figures above. For information only. It does not recommend whether to apply.
TNA Solutions Ltd. IPO Review
Analysis based on live GMP, subscription, and issue details.
TNA Solutions Ltd. IPO is currently showing a neutral GMP of ₹0, suggesting the market is cautious about listing gains.
The IPO has been subscribed 51.12x overall — QIB: 35.64x, NII: 75.82x, Retail: 45.58x.
TNA Solutions Ltd. IPO subscription has closed. The shares are expected to list on October 9, 2026.
The minimum investment required is ₹2,80,000 for 4000 shares (1 lot). Retail investors can apply at cut-off price for the best chance of allotment.
Disclaimer: IPO GMP is indicative and sourced from the grey market. This is not investment advice. Please consult a SEBI-registered advisor before investing.
TNA Solutions Ltd. IPO — Frequently Asked Questions
What is TNA Solutions Ltd. IPO GMP today?
TNA Solutions Ltd. IPO GMP (grey market premium) today is ₹0, suggesting an estimated listing gain of +0%. GMP is indicative and subject to change.
What is the price band of TNA Solutions Ltd. IPO?
The price band for TNA Solutions Ltd. IPO is ₹70 with a lot size of 4000 shares. The minimum investment required is ₹2,80,000.
When is TNA Solutions Ltd. IPO allotment date?
TNA Solutions Ltd. IPO allotment is expected to be finalised on October 7, 2026. You can check your allotment status on the registrar's website (Maashitla Securities Pvt. Ltd.) using your PAN number.
When will TNA Solutions Ltd. IPO list on NSE/BSE?
TNA Solutions Ltd. IPO is expected to list on BSE SME on October 9, 2026.
How to check TNA Solutions Ltd. IPO allotment status?
To check TNA Solutions Ltd. IPO allotment status, visit the registrar's website (Maashitla Securities Pvt. Ltd.) and enter your PAN number, application number, or DP/Client ID. You can also check on the BSE IPO allotment page at https://www.bseindia.com/investors/appli_check.aspx.
Should I apply for TNA Solutions Ltd. IPO?
TNA Solutions Ltd. IPO has a GMP of ₹0. Before applying, review the company's financials, business model, issue structure (OFS vs fresh issue), and sector outlook. IPOLyst is not a SEBI-registered investment advisor — please consult a qualified financial advisor before investing.
What is the lot size of TNA Solutions Ltd. IPO?
The lot size for TNA Solutions Ltd. IPO is 4000 shares per lot. The minimum investment for retail investors is ₹2,80,000. Retail investors can apply for a maximum of 13 lots or up to ₹2 lakh, whichever is lower.