TNA Solutions

TNA Solutions

LISTED

IPO Date: 30 Sept - 6 Oct 2026

Listing Date: 9 Oct 2026

Price Range

Rs.66 - Rs.70

Issue Size

38 Cr

Min Investment

₹2,64,000

2 lots minimum (SEBI rule for SME)

Min Application

4000 Shares

2000 per lot × 2

View IPO Document

Schedule of TNA Solutions

  1. Issue open date

    30 Sept 2026

  2. Issue close date

    6 Oct 2026

  3. UPI mandate deadline

    6 Oct 2026 (5 PM)

  4. Allotment finalization

    7 Oct 2026

  5. Share credit

    8 Oct 2026

  6. Listing date

    9 Oct 2026

  7. Mandate end date

    21 Oct 2026

Issue size

Funds Raised in the IPOAmount
Overall38 Cr
Fresh Issue37.86 Cr
Offer for Sale0 Cr

Allotment DetailsNew

Allotment TimelineDetails
Allotment Date7 Oct 2026
Allotment Link{Link}

Grey Market Premium

New

Grey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.

DateIPO PriceGMPEst. Listing Price
9 Oct 2026Latest₹70₹0₹70(0%)
8 Oct 2026₹70₹0₹70(0%)
7 Oct 2026₹70₹2₹72(+2.86%)
6 Oct 2026₹70₹3₹73(+4.29%)
5 Oct 2026₹70₹10₹80(+14.29%)
4 Oct 2026₹70₹10₹80(+14.29%)
3 Oct 2026₹70₹10₹80(+14.29%)
2 Oct 2026₹70₹6₹76(+8.57%)
1 Oct 2026₹70₹6₹76(+8.57%)
30 Sept 2026₹70₹7₹77(+10%)
29 Sept 2026₹70₹7₹77(+10%)
28 Sept 2026₹70₹7₹77(+10%)

Performance TNA Solutions

Issue PriceListing GainCurrent Market PriceP/L
Rs.66 - Rs.70₹ 56 (-20%) ₹ 43.75-37.50%

About TNA Solutions

TNA Solutions Limited is engaged in the manufacturing of home textile products for domestic and international customers. Its product portfolio includes sheet sets, pillow shells and covers, bath and hand towels, comforters, quilts, dohars and mattress protectors. The company primarily operates on a B2B basis, manufacturing products according to customer specifications that are sold under the customers’ brands or labels. It also sells home furnishing products through B2C channels under its own brand, Ambra Linens, through e-commerce marketplaces, retailers, wholesalers and its website. The company operates a manufacturing facility in Indore, Madhya Pradesh, where processed or finished fabric undergoes cutting, stitching, embroidery, finishing, quality control, packaging and dispatch. Greige fabric is sourced from weavers and sent to third-party processing houses for dyeing, printing and other processing activities.

Founded in2021
Managing directorMr Ambuj Jain
Parent organization

Financial Overview

Strengths

5
  1. 1

    Diverse home textile product portfolio serving both B2B and B2C segments.

  2. 2

    Established international presence with exports to over ten countries.

  3. 3

    Expanding manufacturing capacity to effectively meet rising customer demand.

  4. 4

    Successful launch of proprietary direct-to-consumer brand, Ambra Linens.

  5. 5

    Consistent revenue growth driven by strong relationships with key clients.

Risks

5
  1. 1

    Significant revenue concentration in the sheeting product segment.

  2. 2

    Heavy reliance on a limited number of B2B customers for the majority of sales.

  3. 3

    High working capital requirements have led to negative operating cash flows.

  4. 4

    Business operations depend heavily on a single manufacturing facility in Indore.

  5. 5

    Reliance on third-party job workers for essential fabric processing activities.

Subscription Figures

CategorySubscription (No. of times)
Qualified Institutional Buyers (QIBs)35.64
Non-Institutional Investors (NIIs)102.14
Retail Individual Investors (RIIs)46.17
EmployeeN/A
Total55.2