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Latest GMP
- Lead Manager
- Credora Partners Private Limited
- IPO Registrar
- Maashitla Securities Private Limited
- IPO Open Date
- 30th Sep 2026
- IPO Close Date
- 6th Oct 2026
- Allotment date
- 7th Oct 2026
- Listing date
- 9th Oct 2026
- Issue Size
- ₹ 38 Cr.
- Issue Price Band
- ₹ 66 to 70
- Lot Size
- 2000 Share
- Minimum Investment
- ₹ 280000
Disclaimer: IPO details, GMP, subscription figures, and other related information are for informational purposes only and may not always be accurate or up to date. Please verify the latest details from official sources before investing.
About TNA Solutions Limited
Incorporated in September 2021, TNA Solutions Limited is engaged in the manufacturing of home textile products for domestic and international customers. Its manufacturing facility is located in Indore, Madhya Pradesh, where it converts processed fabrics into finished home furnishing products based on customer specifications.
Product Portfolio
The Company offers a diversified portfolio of home textile products, including:
- Sheet sets
- Pillow shells and covers
- Towels
- Top-of-bed products such as comforters, quilts, dohars, and mattress protectors
Business Model
It primarily operates under a B2B manufacturing model, supplying products to global retailers, importers, and domestic brands under their respective brands or specified labels.
The Company also operates through B2C channels, including e-commerce marketplaces, wholesalers, and retailers, and has its own brand “Ambra Linens”, launched in 2022. It launched its own website for Ambra Linens in July 2026, further expanding its direct-to-consumer presence.
Manufacturing Process
The Company follows a focused manufacturing model wherein it procures greige fabric from weavers and finished or processed fabric from mills, processing houses, and stockists. Third-party processing houses undertake activities such as weaving, dyeing, and printing, while the Company carries out cutting, stitching, embroidery, finishing, quality assurance, packaging, and dispatch at its Indore facility.
Operations Focus
The Company has a geographically diversified, export-oriented revenue base and focuses on product quality, manufacturing efficiency, and timely delivery. Its operations are supported by technology-enabled processes and a multi-stage quality control system. The Company also benefits from experienced promoter management and capabilities across product development, production planning, sourcing, quality assurance, and customer servicing.
Workforce
As of July 31, 2026, the Company had 193 employees on payroll and 66 contractual employees, with its workforce primarily engaged in production and planning, quality assurance, warehouse and stores, and other operational and support functions.
Competitive Strengths
- Diversified Home Textile Product Portfolio
- Multi-Stage In-House Quality Control System
- Technology-Enabled and Integrated Operations
- Experienced and Hands-On Promoter Management
- Geographically Diversified and Export-Oriented Revenue Base
IPO Subscription Details
| Category | Shares Offered | Shares Applied | Subscription Times (x) |
|---|
Grey Market Premium (GMP)
| GMP Date | IPO Price | GMP | Estimated Listing Price | Estimated Profit* | Last Updated |
|---|---|---|---|---|---|
| 01-10-2026 | ₹70 | ₹7 | ₹77 ( 10.00% ) | ₹14,000.00 | 01-Oct-2026 09:27 AM |
| 30-09-2026 | ₹70 | ₹7 | ₹77 ( 10.00% ) | ₹14,000.00 | 30-Sep-2026 10:02 AM |
| 29-09-2026 | ₹70 | ₹7 | ₹77 ( 10.00% ) | ₹14,000.00 | 29-Sep-2026 10:07 AM |
| 25-09-2026 | ₹70 | ₹0 | ₹70 ( 0.00% ) | ₹0.00 | 25-Sep-2026 11:00 AM |
Financials of TNA Solutions Limited
A quick overview of the key Financial Performance of TNA Solutions Limited.
Total Assets (₹ Cr)
Revenue (₹ Cr)
Profit after Tax (₹ Cr)
*All values are in Rs. Cr
Company Financials
Revenue increased by 28%, Profit after Tax (PAT) increased by 44%, Total Assets increased by 64% between FY2025 and FY2026.
| Period Ended | FY2024 | FY2025 | FY2026 |
|---|---|---|---|
| Revenue | 35.85 | 81.49 | 104.59 |
| Assets | 24.33 | 57.47 | 94.21 |
| Total Income | 36.31 | 84.13 | 110.45 |
| Profit After Tax | 2.69 | 6.66 | 9.58 |
| EBITDA | 5.13 | 10.26 | 12.68 |
| Net Worth | 4.98 | 22.86 | 35.94 |
| Reserves & Surplus | 3.07 | 20.01 | 32.94 |
| Total Borrowings | 11.38 | 25.73 | 46.29 |
IPO Lot Size
Application
Lots
Shares
Amount
Individual Investors (IND) (Min)
2
4,000
₹ 2,80,000
Individual Investors (IND) (Max)
2
4,000
₹ 2,80,000
S-HNI (Min)
3
6,000
₹ 4,20,000
S-HNI (Max)
7
14,000
₹ 9,80,000
B-HNI (Min)
8
16,000
₹ 11,20,000
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual Investors (IND) (Min) | 2 | 4,000 | ₹ 2,80,000 |
| Individual Investors (IND) (Max) | 2 | 4,000 | ₹ 2,80,000 |
| S-HNI (Min) | 3 | 6,000 | ₹ 4,20,000 |
| S-HNI (Max) | 7 | 14,000 | ₹ 9,80,000 |
| B-HNI (Min) | 8 | 16,000 | ₹ 11,20,000 |
Key Performance Indicators (KPI)
| KPI | Latest |
|---|---|
| ROE (%) | 32.6 |
| ROCE (%) | 42.84 |
| Debt / Equity | 1.29 |
| RoNW (%) | 32.6 |
| PAT Margin (%) | 9.16 |
| EBITDA Margin (%) | 12.12 |
|
Pre IPO
Post IPO
|
|
| EPS (₹) |
6.41
-
|
| P/E (x) |
-
-
|
| Promoter Holding (%) |
68.62
50.43
|
IPO Lead Manager(s)
Lead Manager Details
- Credora Partners Private Limited
- Contact Person: Pankaj Kumar Pasi
- SEBI Registration Number: INM000013411
- Investor Grievance Email: investors@credorapartners.com
- Website: https://www.credorapartners.com
- Email: info@credorapartners.com
- Phone: +91-124-4293471
- Address: 6th Floor, B-Wing, GSC Tower, Sector-30, Gurgaon, Haryana - 122001, India
IPO Registrar
- Registrar Name
- Maashitla Securities Private Limited
- Phone
- 011-47581432
- Contact Person
- Mukul Agrawal
- SEBI Registration Number
- INR000004370
- Address
- 451, Krishna Apra Business Square, Netaji Subhash Place, Pitampura, Delhi - 110034, India
- Website
- https://maashitla.com/
Company Contact Details
- Company Name
- TNA Solutions Limited
- Info@tnasolutions.co.in
- Phone
- 07317150314
- Contact Person
- Hansa Maloo
- Corporate Identity Number
- U46410MP2024PLC071835
- Address
- Survey No. 403/5, Sonvay, Tehsil Mhow, Rao, Indore, Madhya Pradesh, India - 453331
- Website
- https://tnasolutions.co.in/
TNA Solutions Limited FAQs
